Market
Vitalik Buterin Proposes Model to Speed Up Ethereum Transactions
![](https://coin2049.io/wp-content/uploads/2024/05/bic_ethereum_vitalik_buterin_neutral_2.png)
Ethereum co-founder Vitalik Buterin has outlined new methods to enhance transaction confirmation times on the Ethereum network.
In his latest blog post, Buterin proposes a novel approach in which each block is finalized before creating the next one, aiming to speed up transaction confirmations and user experience greatly.
Buterin Aims to Make Ethereum Transactions Faster
Historically, Ethereum has never led in transaction speeds among blockchain networks. Although, after the infamous Merge, transaction time has lowered to 5-20 seconds, other chains are twice as fast.
According to a report CoinGecko released in May 2024, Ethereum does not even rank on the top 10 for fastest chains. Solana, SUI, and Binance Smart Chain are currently leading the way.
Read more: Who Is Vitalik Buterin? An In-Depth Look at Ethereum’s Co-Founder
![](https://beincrypto.com/wp-content/uploads/2024/07/image-5-782x850.png)
Now, Buterin suggests a new method called single-slot finality. Currently, Ethereum’s Gasper consensus takes about 12.8 minutes to finalize transactions. Single-slot finality would streamline this process, greatly reducing the waiting time.
“Over the last couple of years, we’ve become more and more uncomfortable with the current approach. The key reasons are that (i) it’s complicated, and there are many interaction bugs between the slot-by-slot voting mechanism and the epoch-by-epoch finality mechanism, and (ii) 12.8 minutes is way too long, and nobody cares to wait that long,” Buterin emphasized.
The need for improved transaction speed is crucial as the markets near Ethereum spot exchange-traded fund (ETF) approval in the US and investors are closely monitoring the cryptocurrency’s competitive market. Currently, Ethereum sits at $3,389, with a 1.24% increase over the previous 24 hours.
Buterin also focuses on using layer 2 solutions, or rollups preconfirmations, which process transactions faster using smaller groups of validators. As a result, this allows Ethereum’s main layer (L1) to focus on its core functions, like stability, resistance to censorship, and security. The job of layer-2 is to provide a better user experience, speed up transactions, and adapt to different needs.
However, because users still want faster transaction speeds, L2s will create their own systems to confirm transactions quickly. He notes that this process is complicated and is similar to building an entire blockchain layer.
Another proposal is to let users pay extra fees for immediate transaction confirmations. This system, called based confirmations, would use Ethereum proposers to guarantee transaction inclusion in the next block. If they fail, they face penalties, ensuring reliability.
Read more: Ethereum ETF Explained: What It Is and How It Works
Ultimately, Buterin sees these changes as achievable, but the concept remains an idea, with no news on its implementation or timelines.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
LayerZero On The Rise: ZRO Bullish Momentum Points To New Highs
![](https://coin2049.io/wp-content/uploads/2024/07/LayerZero-from-Adobe-Stock.jpg)
LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning itself for potential new highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities.
As ZRO continues to gain traction, technical indicators suggest that this momentum could drive the price to unprecedented levels. Traders and investors are closely monitoring this movement, anticipating further gains and strategic opportunities as LayerZero pushes toward new market peaks.
This article delves into providing an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. By examining current price performance and technical indicators, this article seeks to provide strategic advice for investors looking to capitalize on ZRO’s potential growth.
ZRO was trading at around $4.15 and was up by 36.66% with a market capitalization of over $456 million and a trading volume of over $816 million as of the time of writing. There has been a 24-hour increase of 36.62% and 152.75% in ZRO’s market capitalization and trading volume respectively.
Analyzing The Current Bullish Trend Of ZRO
A technical analysis of ZRO’s price action on the 1-hour chart reveals that the crypto asset is actively bullish and trading above the 100-day Simple Moving Average (SMA). Since facing rejection at the $2.69 support level, ZRO has been consistently bullish and is currently attempting to break above the $4.28 resistance level.
The formation of the 1-hour William alligator signals that the price of ZRO may continue to extend its bullish trend as both the alligator lip and teeth are currently trending above the jaw after a successful cross above it.
On the 4-hour chart, it can be observed that ZRO is actively bullish. Although the price is attempting a short-term pullback by dropping a bearish candlestick, the crypto asset may extend its bullishness in the long run.
Additionally, the 4-hour William alligator indicates more bearishness for ZRO as both the alligator lip and teeth are actively trending above the jaw after moving above it.
ZRO Price Forecast
Analyzing potential future possibilities of ZRO’s price movement reveals that if the digital asset breaks above the $4.28 resistance level, it may move higher to challenge its all-time high of $5.62. If this level is breached, ZRO might move on to create a new all-time high.
However, if the price of ZRO experiences rejection at the $4.28 resistance level, it will begin to descend toward the $3.27 support level. Should the asset breach this level, it may continue to decline to test the $2.69 support level and possibly move on to test other higher levels if it breaches the $2.69 level.
Market
This Is How Ripple (XRP) Price Recovery Will Take Place
![](https://coin2049.io/wp-content/uploads/2024/05/bic_XRP-covers_negative.png)
Ripple (XRP) price momentum has turned bearish, and its potential for recovery has also cooled down.
One of the biggest reasons is the lack of activity among XRP holders, rendering their optimism useless.
Ripple Investors Try but Not Too Hard
XRP price is bound to be impacted by both the attempt and lack of participation noted among the investors. The presence of XRP holders remains weak, affecting the potential for recovery.
The low level of engagement is evident, with active addresses averaging under 20,000 on a daily basis. This lack of activity suggests a decrease in short-term trading and concern about bearing losses.
Read More: How To Buy XRP and Everything You Need To Know
![XRP Active Addresses.](https://beincrypto.com/wp-content/uploads/2024/07/XRP-Ledger-XRP-16.10.36-06-Jul-2024-850x288.png)
However, despite the weak participation, conviction among XRP holders remains strong. This is reflected in the Mean Coin Age (MCA), which has noted an uptick. The increasing MCA indicates that investors are holding onto their XRP for longer periods, showing faith in the asset’s future potential.
The rise in MCA also suggests that investors are refraining from moving their holdings around. By holding their assets rather than engaging in frequent transactions, they demonstrate a long-term belief in XRP. This behavior is often indicative of confidence in the cryptocurrency’s eventual recovery.
![XRP Mean Coin Age](https://beincrypto.com/wp-content/uploads/2024/07/XRP-Ledger-XRP-16.08.51-06-Jul-2024-850x288.png)
While the current low level of daily active addresses is a concern, the strong conviction shown by the uptick in MCA provides a silver lining. If this trend continues, it could help stabilize XRP’s price and support a potential recovery, as long-term holders typically contribute to market stability.
XRP Price Prediction: Tall Hike Ahead
The XRP price is trading at $0.43, recovering from the lows of $0.41 over the last 24 hours. Based on the aforementioned cues, consolidation is likely under $0.46. A breach, however, could help recover the recent losses.
Read More: Ripple (XRP) Price Prediction 2024/2025/2030
![XRP Price Analysis.](https://beincrypto.com/wp-content/uploads/2024/07/gHhYfbCA-850x363.png)
But if the bearish cues continue to dominate the altcoin, the XRP price could lose the critical support of $0.41 again. This would invalidate the bullish-neutral thesis, resulting in further drawdown.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Shiba Inu (SHIB) Price Recovery Likely as Losses Run up by 42%
![](https://coin2049.io/wp-content/uploads/2024/06/bic_SHIBA_1-covers_bearish.png.webp.webp)
Shiba Inu’s (SHIB) price is bouncing back from four-month lows, looking to recover the losses witnessed in the past month.
Investors also have a shot at making the most of this opportunity, as selling will likely take a break for now.
Shiba Inu Investors Lose Big
While Shiba Inu’s price only declined by 15% over the last week, the impact on investors was three times larger. The total supply in profit dropped by close to 42%, falling from 75% to 33% in a day.
This is because about 434 trillion SHIB, worth $6.7 billion, was bought between $0.00001900 and $0.00001500. As the meme coin slipped to $0.00001281 during intra-day lows yesterday, this supply lost its profitability completely. This will keep investors from selling now, as such a large supply would only be sold when it bears profit again.
![Shiba Inu Supply In Profit.](https://beincrypto.com/wp-content/uploads/2024/07/SHIBA-INU-SHIB-15.09.54-06-Jul-2024-850x288.png.webp)
Furthermore, most investors anticipating recovery and profits will likely turn to accumulation. The Market Value to Realized Value (MVRV) ratio suggests a good opportunity to do so.
The MVRV ratio assesses investor profit and loss. Currently, Shiba Inu’s 30-day MVRV stands at -14.5%, indicating losses, which may lead to buying pressure.
Historically, SHIB’s MVRV between -7% and -18% usually signals the start of recoveries and rallies, marking an opportunity zone for accumulation. This could help steer Shiba Inu’s price upwards.
Read More: How To Buy Shiba Inu (SHIB) and Everything You Need To Know
![Shiba Inu MVRV Ratio.](https://beincrypto.com/wp-content/uploads/2024/07/SHIBA-INU-SHIB-15.10.23-06-Jul-2024-850x288.png.webp)
SHIB Price Prediction: The Critical Range
The range between $0.00001473 and $0.00002093 is critical to Shiba Inu’s price as it houses 73% of all SHIB circulating supply. For this reason, the meme coin could find considerable resistance here.
Nevertheless, investors’ attempts to recover their profits would motivate them to push SHIB upwards. Once $0.00002093 is breached, the altcoin would have a shot at profits.
Read More: Shiba Inu (SHIB) Price Prediction 2024/2025/2030
![Shiba Inu Price Analysis.](https://beincrypto.com/wp-content/uploads/2024/07/VjM0kdKK-850x363.png.webp)
However, if this breach fails, Shiba Inu’s price might consolidate within this range. This would continue until stronger bullish cues help the coin escape; otherwise, the bullish thesis would be invalidated.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Blockchain2 months ago
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
Market2 weeks ago
TON Foundation’s Plan to Onboard 500 Million Users
-
Regulation2 months ago
CFTC Appoints Dr. Ted Kaouk as First Chief AI Officer
-
Altcoin3 weeks ago
Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?
-
NFT4 weeks ago
New And Upcoming NFT Projects
-
Regulation2 months ago
Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence
-
Altcoin2 weeks ago
2.52 Million Altcoins Are Ruining Crypto’s Future
-
Market4 weeks ago
Avalanche (AVAX) Under Pressure: Prolonged Downtrend Next?