Altcoin
Cardano Founder Hints At What Next For Network Amid Peras Upgrade
Cardano Founder Charles Hoskinson has provided insights into what could be the next upgrade for the network following the unveiling of the Ouroboros Peras protocol. This came as Hoskinson admitted this potential upgrade is long overdue and added that it will “massively improve” the Cardano network.
Cardano Founder Hints At What Next For Network
Charles Hoskinson hinted in an X post that Cardano developers could soon proceed with an upgrade regarding validation zones following the Peras upgrade. This came following a statement in which he agreed with Cardano blockchain developer Andrew Westberg that this upgrade should be a dev priority for Cardano.
The Cardano founder said Westberg was correct as this upgrade is a long overdue enhancement that will “massively improve” the network. Westberg stated in an X post that the Cardano Improvement Proposal (CIP) is an “elegant solution” to many long-standing issues. He added that this proposal will introduce composability and ‘Babel Fees’ on the network.
The Cardano developer also said this solution allows the eUXTO model to “shine” and perform efficiently. Westberg also shared a GitHub page, which provided further insights into what this upgrade will entail. According to the page, this upgrade will involve making certain changes around validation zones.
The validation zones refer to constructs that allow certain kinds of underspecified transactions. Furthermore, the Babel-fees use case will involve permitting transactions that specify part of a swap request.
This recent CIP and potential network upgrade comes just days after the Cardano founder defended his network following growing criticism. Hoskinson believes that the transition to the Voltaire era will help address long-standing issues the network faces. The crypto founder added that those criticizing the network misunderstand the blockchain’s developmental trajectory and the shifts required for growth.
The Unveiling Of The Ouroboros Peras Protocol
The potential upgrade to the validation zones comes amid the release of the Ouroboros Peras on the Cardano network. Cardano development company Input Output said that Peras is an extension of the Ouroboros Praos protocol that addresses the problem of transactions’ settlement horizon. This ensures that the likelihood of a transaction being reverted becomes minimal.
According to Input Output,
The key concept behind Peras is the use of stake-based voting to boost the weight of blocks on which a majority of stake pool operators (SPOs) agree. The chain selection rule is then modified to select the heaviest chain instead of the longest one.
Cardano Founder Charles Hoskinson also commented on the Peras release. He said that Ouroboros Peras is “one of the best-prototyped protocols.” This upgrade and solutions like the Leios proposed upgrade are part of the plans to help scale the Cardano network.
At the time of writing, the ADA price is trading at around $0.35, down over 2% in the last 24 hours. Trading volume is up by over 48%, with $376.8 million traded during this period.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto exchange pioneer Binance has once again reverberated optimism for EigenLayer (EIGEN) across the broader market on Wednesday, expanding offerings for the token. Intriguingly, the exchange revealed that it is adding the crypto to loanable assets and VIP loans, sparking investor enthusiasm globally. Meanwhile, market watchers speculate whether the enhanced offering could propel a reversal in the coin’s price, given it traded down nearly 4% in tandem with the announcement.
Binance Announcement On EIGEN Sparks Investor Enthusiasm
As per an official Binance announcement dated October 16, EigenLayer has been integrated into the exchange’s ‘Loans (Flexible Rate) and VIP loans’ starting today. This announcement has set off optimistic waves, offering market participants enhanced exposure when dealing with the asset. Flexible rates allow users to borrow funds at a variable interest rate, adjustable periodically based on market conditions. VIP loans on the platform primarily cater to high-volume users, providing more favorable terms or larger borrowing limits.
Altogether, the leading crypto exchange’s announcement fuels optimism on the asset’s future prospects as it magnetizes more investors to the digital asset. Simultaneously, it’s also worth noting that the exchange’s previous plans to bolster the same project have injected additional optimism into the crypto.
CoinGape Media recently reported that Binance modified leverage and margin tiers for the abovementioned token. Simultaneously, another report revealed that the exchange introduced trading bots services for EIGEN/TRY. Overall, the enhanced offerings underscore the leading exchange’s support to the project, sparking optimism.
EIGEN Price Drops
However, despite the abovementined announcements, EigenLayer appears to be riding a bearish wave. EIGEN price today traded at $3.33, down nearly 6% in the past 24 hours. Moreover, the coin’s weekly chart shows a 19% crash. This slumping action aligns with a massive 11.22 million coins added to the supply as a part of token unlocks on October 15.
Besides, Coinglass data showed a 7% drop in the coin’s futures OI to $132.06 million. Further, even the derivatives volume dipped nearly 13% to $357.61 million. This data further aligns with the coin’s price fall, hinting at reduced investor interest in the asset. Nevertheless, crypto market enthusiasts continue to eye the token for future price action shifts in light of the enhanced offerings.
It’s worth mentioning that Catizen (CATI) listing on Binance resulted in a phenomenal rally as the exchange offered enhanced trade offerings. CATI price is up over 400% to date post-debut on the exchange. This hints that even EIGEN could rally ahead with enhanced offerings coming into play.
Additionally, a recent EIGEN price analysis by CoinGape also reveals that the token eyes a $5 target ahead in the wake of increased whale accumulations.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Shiba Inu Bulls Ready To Charge, But This Ethereum-Based DeFi Project Could Deliver 20000x Gains Before 2025
The cryptocurrency space is beginning to heat up as Shiba Inu bulls are priming to take their positions in the market. However, this emerging Ethereum-based token, ETFSwap (ETFS), is capturing the attention of crypto enthusiasts with its prediction of 20000x gains before 2025.
Shiba Inu Bulls Make The Easy Decision Favouring ETFSwap (ETFS)
Although Shiba Inu bulls are ready to storm the market, they have shown some hesitation in considering Shiba Inu’s (SHIB) price. The price of the meme coin has not given enough impetus to Shiba Inu bulls to invest heavily in it as they were quick to discover the 20000x profit predicted for ETFSwap (ETFS) before the year ends.
On the other hand, the value of the Ethereum-based token continues to soar, selling more than 13 million units and raising almost $1.76 million in its third presale stage. Despite Shiba Inu’s (SHIB) plummeting price, this Ethereum-based token, ETFSwap (ETFS), continues to touch new highs in sales due to the influx of investors who have observed the token’s extensive utility and stability.
Furthermore, given its decentralised ecosystem and 24/7 uptime, Shiba Inu investors have full ownership of their purchased ETFSwap (ETFS) tokens and can trade them without any constraints. This hassle-free trading approach offered by this Ethereum-based token is attractive to crypto whales, especially Shiba Inu bulls, who keep teeming with the purchase of ETFS tokens.
Arguably, ETFSwap (ETFS) is presently the most valuable crypto asset in the market. Considering that you can stake the token for a passive gain of up to 36% of your stake and an Annual Percentage Rate yield of up to 87%, ETFSwap (ETFS) will exponentially increase the gains of its investors before the year ends.
ETFSwap (ETFS) Becomes The Preferred Choice For ETF Trading
It is unsurprising when savvy crypto investors show a preference for measurable market data necessary for making informed trading choices and market analysis. For this reason, ETFSwap (ETFS) has won the hearts of many savvy crypto enthusiasts, including Shiba Inu bulls, with its real-time data feed that shows price performances and market conditions. These unique features make trading on the Ethereum-based platform safer and more rewarding.
In addition, ETFSwap (ETFS) provides a variety of tokenized ETFs, which help facilitate trades on the Ethereum blockchain. This innovation has piqued the interest of traditional financial institution giants as they continue to collaborate with ETFSwap (ETFS). Hence, the platform has stirred the fear of missing out on tons of investors looking to expand their investment portfolios in crypto and commodity ETFs.
The platform also provides advanced AI features to remove trading bottlenecks. The ETFSwap (ETFS) platform features an ETF Filter, screener, and tracker to help enhance users’ trading experiences.
Before the beta platform launch, the crypto community was buzzing with excitement, anticipating a phenomenal innovation. The phase 1 beta launch of the ETFSwap (ETFS) platform in a few days will surpass investors’ expectations, and it will feature a fully functional backend that has been thoroughly tested and rolled out.
Although smart contracts are secure, the ETFSwap’s (ETFS) team has shown its commitment to protecting investors’ funds by undergoing a KYC verification by a smart contract auditing firm, SolidProof. Besides this, to defray the fear of cyber attacks and hacks, the platform was also thoroughly audited for vulnerabilities by CyberScope, a smart contract auditing firm.
Conclusion
ETFSwap (ETFS) is breaking presale records as meme coin investors, including Shiba Inu bulls, flock to accumulate the Ethereum token. This trajectory has been the focal point of crypto investors like Shiba Inu bulls. Investors are advised to claim their share of these 20000x gains by buying ETFS at a presale price of 0.03846.
In addition, investors can get a 50% discount when they use the promo code “ETFS50”.
For more information about the ETFS Presale:
Altcoin
Crypto Whales Spend $500,000 On ETFSwap (ETFS) As Shiba Inu (SHIB) And Ripple (XRP) Deliver Low Market Activity
The cryptocurrency market has been showing concerning signs of market activity for investors. Alarmingly, Shiba Inu (SHIB) and Ripple (XRP) have experienced downward price trajectories recently. In contrast, ETFSwap (ETFS) has caught the attention of investors as crypto whales have spent $500,000 on its native token.
ETFSwap (ETFS) Will Redefine Financial Markets With A Unified DeFi-TradFi Platform
ETFSwap (ETFS) is a platform that benefits from the infrastructure of the Ethereum blockchain. Ethereum’s (ETH) robust security protects crypto whales from cyber threats and malicious attacks. As a result, it allows ETFSwap (ETFS) to operate smoothly with decentralised finance (DeFi) tools, enhancing transactional transparency and trust among crypto whales.
By combining decentralised finance (DeFi) and traditional finance (TradFi), ETFSwap (ETFS) offers a platform for trading, swapping, and investing tokenized ETFs. These tokenized ETFs include cryptocurrency-focused and traditional ETFs and are backed by real-world assets, ranging across various industries such as agriculture, technology, and healthcare. Similarly, it grants crypto whales and institutional investors access to highly liquid pools to help them manage market volatility.
In addition, ETFSwap (ETFS) gives users the autonomy to manage their portfolios at any time, regardless of market hours. In the fast-paced crypto environment, 24/7 availability to the marketplace helps traders, particularly crypto whales, to maximise their profit potential instantly. Aside from offering users constant and round-the-clock access to its platform, ETFSwap’s (ETFS) intuitive user interface is one of the most catchy features of the platform. The interface is simple and designed to cater to the needs of both novice and experienced traders.
After extensive development on the backend of the ETF trading platform, ETFSwap (ETFS) has reached an important milestone and is ready to present its initial features to the public. The upcoming beta release will showcase advanced features of the platform to crypto whales and retail investors while incorporating user feedback to improve the platform.
To add a layer of trust and transparency for crypto whales, ETFSwap (ETFS) underwent a rigorous security audit process by Cyberscope, a cybersecurity auditing firm, which thoroughly evaluated the platform’s infrastructure to identify vulnerabilities and reinforce ETFSwap’s (ETFS) strong security foundation. Additionally, the platform’s team completed KYC verification with SolidProof, a smart contract security auditing firm.
Shiba Inu (SHIB) Struggles To Gain Momentum
Shiba Inu (SHIB) has seen little movement in price, reflecting a lull in interest from both crypto whales and retail investors. Despite being one of the popular meme coins, Shiba Inu (SHIB) is struggling to move past $0.00002000 after a major breakout and a significant wick displacement to the downside, signifying more Shiba Inu (SHIB) sellers than buyers.
Shiba Inu’s (SHIB) struggles to gain momentum contrasts with its previous explosive growth periods. Currently, the price of Shiba Inu (SHIB) is $0.00001710. Despite small fluctuations, Shiba Inu (SHIB) remains stuck in a range as investor enthusiasm wanes.
Ripple (XRP) Faces Market Stagnation Amid Low Activity
Ripple (XRP) has been facing sluggish and consolidating market performance. Low trading activity in Ripple (XRP) continues to hamper its market movement. Despite speculation regarding the launch of an XRP ETF, Ripple (XRP) has been facing strong resistance at the $0.65 price level. As a result, analysts have maintained cautious optimism in Ripple’s (XRP) value. Currently, the price of Ripple (XRP) per CoinGecko is $0.54, slightly down from its previous high.
ETFSwap (ETFS) Becomes Investors’ Top Pick With Half A Million Crypto Whale Investment
The large investments in ETFSwap (ETFS) often signal a broader trend, which means that other investors have followed suit as the platform nears its third presale journey. The token has sold over 13.3 million units and has raised more than $1.7 million. Unlike Shiba Inu (SHIB) and Ripple (XRP), crypto whales and investors can be sure of ETFSwap’s (ETFS) stable ecosystem. Furthermore, analysts have predicted a 10,000% surge in the price of ETFSwap (ETFS). Other crypto whales are likewise investing in the platform’s native token at a discounted rate of $0.03846.
For more information about the ETFS Presale:
Binance Announcement May Trigger Another Reversal In EigenLayer (EIGEN) Price
Why the SEC Is Suing Over Meme Coin Fraud
Blockstream Raises $210 Million for Bitcoin Layer-2 Solutions
Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?
Canary Capital Aims for Litecoin ETF After XRP ETF Submission
Tesla Moves $760 Million in Bitcoin: Is a Sell-Off Imminent?
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Coinbase cbBTC Set to go Live on Solana
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Coinbase cbBTC Set to go Live on Solana
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
Altcoin4 months ago2.52 Million Altcoins Are Ruining Crypto’s Future
-
NFT2 months agoAnimoca Brands Valuation Tanks 75% In Two Years, Here’s Why
-
Ethereum4 weeks agoCrypto exchange BingX hacked for $43 million
-
Ethereum4 weeks agoAre The Big Players Losing Interest?
-
Bitcoin3 weeks agoCoinbase cbBTC Set to go Live on Solana
-
Blockchain6 months agoHong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
NFT4 months agoBLUR Is Down 30%, And Whales Are To Blame–Here’s Why
-
NFT4 months agoNew And Upcoming NFT Projects
✓ Share: