Aethir, a prominent decentralized project dealing with GPU cloud infrastructure leveraging blockchain technology, has announced an exclusive collaboration. As per Aethir, the platform is joining forces with Filecoin Foundation, a well-known platform offering solutions related to decentralized storage, to combine the distributed GPU infrastructure with decentralized storage.

Aethir’s Collaboration with Filecoin Foundation Offers Enterprise-Level Solutions

The platform published an exclusive post on its official web portal to provide the details of this initiative. It disclosed that both entities are allying to offer the consumers enterprise-grade solutions. They reportedly support the businesses with the provision of decentralized infrastructure. Aethir will reportedly delve into GPU rental to the storage providers of Filecoin, as included in this partnership. Hence, it will offer a secure and dependable source in the case of GPU cloud computing.

Marta Bechler, Filecoin Foundation’s President, also commented on this endeavor. The official stated that the platform can leverage the decentralized infrastructure to guarantee the AI technology’s potential to facilitate everyone. Aethir’s broad network includes more than 43,000 prominent GPUs. Contrarily, the Filecoin Foundation has a premium collection of more than three thousand NVIDIA H100s to handle cutting-edge GPU workloads. Both these facilities can mutually offer a considerably trustworthy and scalable solution targeting storage providers on Filecoin.

Both Entities Target Establishing a Community-Driven Ecosystem Benefiting Users, Content Creators, and Developers

Aethir can matchlessly develop a sealing-as-a-service facility on demand for the storage providers of Filecoin. This permits some entrants to conveniently buy storage equipment along with leveraging the GPUs of Aethir to process data. Aethir asserted that both companies are endeavoring to nurture a community-driven ecosystem to provide benefits to users, content creators, and developers with shared resources. This reportedly paves the way for economic growth, innovation, and a relatively stronger digital infrastructure.

As we approach the end of 2024, the cryptocurrency community is abuzz with developments from Internet Computer (ICP) and Monero (XMR), both of which are showing promising movements. ICP recently surged over 13% within 24 hours, while Monero has achieved a solid 12% gain over the last month. However, it’s BlockDAG that’s capturing widespread attention with its newly launched Testnet and the potential for unprecedented returns.

With the activation of its Testnet, BlockDAG is rapidly advancing, demonstrating both its technical capabilities and its commitment to growth. This significant milestone, combined with the potential for a 30,000x ROI, firmly positions BlockDAG as a leading candidate for one of 2024’s most compelling financial opportunities.

Analyzing ICP’s Price Surge and Future Outlook

The recent upswing in ICP’s price to $8.71 has been driven by a notable increase in trading volume and heightened activity on social media. While optimistic projections see ICP potentially reaching $19, the current market sentiment, indicated by the “greed” level on the fear and greed index, suggests the possibility of an upcoming correction.

Additionally, a shift in the market’s long/short ratio towards shorts hints at potential bearish sentiment. Analysts are watching closely—if ICP cannot surpass the critical $9.4 resistance, we might see a retraction to $6.9, which would be a crucial level for traders to monitor.

Monero Shows Resilience and Growth Potential

Monero continues to demonstrate strength, with a recent 12% price increase and stable trading above $165. Despite earlier dips this year, Monero’s commitment to privacy and anonymity maintains its appeal in the crypto community.

Though still below its all-time high of $517, there’s a growing belief in Monero’s potential for further growth, particularly if market conditions favor a bull run. However, investors are advised to maintain caution, as sudden market shifts could impact Monero’s trajectory.

BlockDAG’s Testnet Hits the Scene: Could This Mean a 30,000X ROI is Possible?

BlockDAG has just escalated its journey, transitioning from ambitious blueprints to tangible achievements with the launch of its Testnet. This milestone isn’t merely procedural; it’s a robust demonstration of the team’s prowess and strategic planning. Now, those holding 7,500 BDAG coins or more are invited to transfer their assets from the devnet to the Testnet, marking a pivotal move—enabling those holders to migrate their BDAG coins mined from the X1 mobile app as well. 

This Testnet is not simply a token migration; it’s a testament to BlockDAG’s commitment to building a resilient and innovative platform. It solidifies BlockDAG’s position as a formidable force ready to take on the leading names in the cryptocurrency world.

The impact of the Testnet goes beyond initial impressions—it catalyzes BlockDAG’s ongoing momentum. Offering developers and early adopters a firsthand experience of its cutting-edge technology, BlockDAG is moving from promise to performance. This strategic advance not only promises exponential growth but also paves a direct route to achieving the eagerly awaited 30,000X ROI. As the community’s trust in BlockDAG strengthens, it’s emerging as an exceptional prospect for traders seeking substantial returns.

The presale figures are telling—nearly $73.5 million raised, over 13 billion coins distributed, with the latest batch nearing a sellout. With prices having surged by 1,680%, and as BlockDAG steers towards a $600 million objective, the opportunity for new buyers is swiftly contracting. Now is the moment to engage with a project poised for extraordinary outcomes.

Summing Up

While ICP and Monero are advancing and capturing market interest, BlockDAG is setting a new benchmark with its Testnet launch. This significant step not only elevates BlockDAG’s profile but also enhances its appeal as a financial opportunity, especially with a presale that has already raised nearly $73.5 million.

As BlockDAG continues to progress toward its ambitious $600 million goal, the opportunity for buyers to engage is narrowing, highlighting the urgency for those looking to capitalize on the next big wave in the cryptocurrency market.

Discover BlockDAG:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The Ethereum Foundation continues its selling spree, with 950 $ETH sold since September began. According to recent data, the Foundation sold 300 $ETH, converting it into $763,092 in DAI, a stablecoin tied to the U.S. dollar. These transactions reflect the Foundation’s ongoing decisions to manage its holdings amidst market fluctuations. Spot On Chain, an on-chain analytics firm shared the details of Ethereum’s recent activity through its social media platform X.

The Ethereum Foundation has sold $ETH… again!In the past 20 minutes, they sold another 300 $ETH for 763,092 $DAI.Overall, since the beginning of September, the Ethereum Foundation has sold 950 $ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days.… https://t.co/tnF0vK1zgs pic.twitter.com/jloNPcoHqZ

— Spot On Chain (@spotonchain) September 20, 2024

Significant Sales Pattern Observed in Ethereum Holdings

The Ethereum Foundation has consistently sold $ETH. Beginning in September, this pattern shows a total of $2.27 million worth of $ETH exchanged at an average price of $2,392 per coin. These moves signal a strategy by the Foundation to liquidate portions of its crypto assets as the broader cryptocurrency market adjusts to various external factors.

Potential Implications for Ethereum Market Stability

While Ethereum’s price remains stable, the Foundation’s sales may indicate a broader sentiment or preparation for future moves. By diversifying into $DAI, the Foundation seems focused on securing more stable assets amidst potential volatility. Besides, the decision to sell during this period may also reflect strategic responses to market conditions as Ethereum continues to evolve and expand its network.

As per Spot On Chain, These transactions occur amid a favorable market rally for Ethereum ($ETH), which has surged by 5.18% in the past 24 hours, now trading at $2,556.73. The frequent and calculated sales by the Ethereum Foundation are happening as Ethereum continues to hold a pivotal role in the cryptocurrency ecosystem, indicating a possible strategic positioning ahead of market shifts.

In 2024, Tomarket, TapSwap, and BlockDAG have quickly become leading names in the Play-to-Earn crypto game space. Tomarket’s recent announcement of its partnership with CEX.IO introduces a new Power Tap game, designed to attract more users with attractive rewards. Simultaneously, TapSwap engages its players through daily codes and interactive tasks, maintaining a strong player base.

Despite these innovations, the spotlight increasingly falls on BlockDAG thanks to its successful presale and the popular TG Tap Miner game. This platform has impressively raised over $73.5 million in presale funds, providing early BDAG holders with a significant 1680% ROI. With its technological advancements and milestone achievements, experts anticipate BDAG holders could achieve returns up to 20,000x in the coming years. The TG Tap Miner, which allows users to earn BDAG coins without initial costs, promises to be a strong source of passive income.

Tomarket Launches New Power Tap Game in Collaboration with CEX.IO

Tomarket has launched a new Power Tap game in collaboration with CEX.IO, designed to enhance player engagement by allowing them to earn rewards through virtual mining pools. The initiative also includes an airdrop of $10 in TON tokens to three lucky participants.

To participate, users need to engage with Tomarket and CEX.IO on social media, submit their TON wallet addresses, and interact with promotional content. This event is available for a limited time, emphasizing Tomarket’s commitment to quickly growing its community through interactive and rewarding experiences.

TapSwap Introduces New Daily Codes

TapSwap has rolled out new daily codes for September 11, 2024, such as “volume,” “wallet,” and “taproot,” enabling users to earn a significant number of TapSwap coins. These codes can be redeemed in TapSwap’s Telegram clicker game, where users earn coins by interacting with the screen and completing tasks.

Despite a delay in the TAPS token launch, TapSwap continues to incentivize its community by preparing them for future airdrops on the TON Blockchain.

BlockDAG’s TG Tap Miner Goes Viral 

BlockDAG is gaining recognition for addressing key blockchain challenges—speed, security, and decentralization—with its blend of blockchain and directed acyclic graph (DAG) technologies. Now in the 22nd of 45 presale batches, BlockDAG has raised over $73.5 million.

The TG Tap Miner, BlockDAG’s latest offering, is a popular Telegram game that combines entertainment with the opportunity for financial gain. Players earn Tap Points by interacting with falling balls in the game, with potential daily earnings of up to 3,200 points. Boosters available in the game, such as “Thunderstorm” and “Rocket,” can significantly increase point earnings.

The ability to convert Tap Points into BDAG coins adds a compelling layer to gameplay, offering a tangible return on time invested. Early BDAG holders have already seen a substantial return, with values surging from $0.001 to $0.0178 per coin. With ongoing success, there is potential for a monumental 20,000x ROI, positioning TG Tap Miner as an attractive option for those looking to generate substantial income over time.

Highlighting 2024’s Top Play-to-Earn Games

While Tomarket is expanding rapidly with new token reward campaigns, and TapSwap keeps its large user base engaged with over 4 trillion taps, BlockDAG’s TG Tap Miner stands out for those aiming to achieve significant earnings.

With the BDAG price already showing tremendous growth and potential for an unprecedented ROI, BlockDAG’s TG Tap Miner presents a unique opportunity in the current gaming and cryptocurrency environment.

Learn About BlockDAG – Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

$MCADE token recovers by 260% following BingX hack

Earlier today, a security breach at BingX Exchange impacted several tokens, including $MCADE. In light of this incident, the response from the Metacade community has been nothing short of remarkable, with the $MCADE price recovering in just 6 hours, bouncing back in impressive fashion.

Dear Metacade Community,In light of @BingXOfficial security breach earlier today, we can confirm $MCADE was impacted as part of this.https://t.co/axFOerPF1bThe support from the Metacade community has been emphatic, which saw the $MCADE price recover in just 6 hours,… pic.twitter.com/T0hIpzaRmn

— METACADE TOKEN2049 (@Metacade_) September 20, 2024

Significant Price Drop and Rapid Recovery

At the moment of $MCADE hacked tokens being sold, the $MCADE price dropped to $0.001757. However, an incredible recovery of over 260% in value, sees the $MCADE token price rebound to $0.0063 at the time of writing.

Collaborative Efforts for Compensation and Buybacks

Metacade and BingX are working closely together to ensure all compensation for lost $MCADE tokens will be committed to buybacks on the open market. BingX has acted swiftly in response to the breach, demonstrating their commitment to resolving the situation.

Statement from Metacade’s CEO

“We want to thank BingX for their clear and open communication as we work towards a full resolution. The rally from the Metacade community has been incredible and we sincerley thank everyone for their support,” said Russell Bennett, CEO of Metacade.

Ethereum, the second largest cryptocurrency by market capitalization, has been at its lowest against Bitcoin in over 40 weeks. As IntoTheBlock, a data analytics firm, noted, this is a new trend in the investors’ mindset and their portfolio approach, including institutional investors.

ETH is trading at its lowest level against BTC in over 40 monthsWhile ETF flows for $BTC have been largely positive, $ETH has experienced mostly outflows. This trend suggests institutional investors are favoring Bitcoin’s relative stability over ETH's higher risk, high-reward… pic.twitter.com/Eie6CBZ3c4

— IntoTheBlock (@intotheblock) September 20, 2024

In the past few months, the Exchange-Traded Fund (ETF) flows for BTC have been positive, suggesting a growing confidence in Bitcoin as a stable investment compared to its counterparts. On the other hand, Ethereum has recorded significant outflows, meaning investors are likely to approach with care due to the platform’s higher risk and returns as compared to Bitcoin.

The change in investment flows is illustrated in the recent IntoTheBlock chart that contrasted the market cap distributions of stablecoins, Bitcoin, and Ethereum starting from October 2022. The graph shows the constant decrease in the market share of Ethereum in comparison to Bitcoin, which either maintains the same position or even strengthens. 

Implications of Low ETH/BTC Ratio for the Crypto Market

BTC is the first cryptocurrency to appear as independent digital money. In the years that followed, it made a great leap in terms of market capitalization and is now considered the world’s most popular cryptocurrency.

Ethereum was launched in 2015 and went beyond the functionality of BTC by incorporating smart contracts. This has made Ethereum, on which blockchain applications are built through decentralized finance (DeFi), non-fungible tokens (NFTs), and numerous other possibilities. However, Ethereum has been more unpredictable in terms of market cap, and it has shown more fluctuations as compared to Bitcoin.

With institutional money continuing to flow into Bitcoin, it may create more dominance for Bitcoin over other cryptocurrencies, which may impact liquidity and price in the sector. The recent shift may force Ethereum’s stakeholders to come up with measures to restore investors’ trust, for instance, through technology enhancements or new partnership opportunities that might harness the potential of its smart contracts more efficiently.

In this ongoing evolution of the digital currency space, institutional activities will be instrumental in determining the perception and reality of the cryptocurrency markets. For now, Bitcoin is dominating institutional investments as an instrument that is safe in the unpredictable world of cryptos.

The recent downturn in the Coinbase Premium has highlighted a notable trend in the Bitcoin market. This premium reflects the variation of Bitcoin’s price between Coinbase and Binance exchanges. At the moment, the Coinbase Premium is very close to a significant negative value suggesting that compared to Binance, Bitcoin is cheaper on Coinbase. Such dynamics refer to a positive market sentiment, according to CryptoQuant.

Negative Coinbase Premium Signals Strong Buying Pressure on Binance“During the current upward trend, the fact that the Coinbase Premium is negative while #Bitcoin’s price isn’t falling suggests that there is strong buying pressure occurring on Binance.” – By @avocado_onchain… pic.twitter.com/ipZ09cA1JK

— CryptoQuant.com (@cryptoquant_com) September 20, 2024

Strong Buying Pressure on Binance Keeps Bitcoin Stable Despite Negative Premium

At the moment, Bitcoin has a negative value in Binance, but the overall price of Bitcoin has not decreased. This means that buyers are also active in Binance. Such a strong buying climate suggests a favorable trend in the market.

To ensure that Bitcoin reaches a higher price level, there is need for demand to expand beyond the American market only. Higher prices might be achieved if there is an unprecedented demand increase from global consumers due to FOMO. This means that Bitcoin has a lot of attention from Bitcoin investors from all over the world. In addition to this, these indications of increasing prices lead to additional purchases from crypto investors.

This is viewed as positive for Bitcoin as the situation persists. If buying pressure is applied, it may result in a significant appreciation of the Bitcoin price. Altogether, the current trends point of an inclination among the traders, which may result in further increase in prices in the coming weeks.

Investors Anticipate Positive Bitcoin Trends Amid Strong Buying Signals

Altogether, the negative Coinbase Premium means that although other US exchanges could display lower demand, there is a clear buying impulse on Binance. This may set the stage for even higher Bitcoin prices if global traders enter the market and drive up the price out of FOMO or the fear of missing out on even higher profits.

The crypto community is closely observing these changes, reported by CryptoQuant, because they may be a sign of the overall change in the market. Since Bitcoin remains in the investors’ spotlight, the relations between various exchanges will define its actions. Given all these factors, there are many who are expecting a positive outlook for Bitcoin in the near future.

The Real World Assets (RWA) market is growing rapidly, with its market cap of $6.68 billion, showing a daily change of -0.14%. This market continues to gain traction as traditional assets such as real estate and gold are being brought onto blockchain platforms through tokenization. This development offers investors new opportunities for secure, transparent, and liquid investments previously inaccessible in the traditional financial system.

The Real World Assets (#RWA) market is growing rapidly, with a current market cap of $6.68 billion. From tokenized real estate to tokenized gold, RWAs are transforming how we invest in traditional assets by bringing them onto blockchain platforms. By tokenizing RWAs,… pic.twitter.com/KkZ69o2UHZ

— Velo Official (@veloprotocol) September 20, 2024

Trending Coins in the Real World Assets (RWA) Category

Currently, the RWA category tracks 125 coins. IXO has surged by 47.43% among the trending coins, and Parcl has risen by 36.60%. This surge in interest highlights the increasing popularity and market confidence in tokenized assets. Additionally, Ondo’s market cap has grown by 8.67%, and MANTRA has experienced a 5.00% increase over the last 24 hours. This steady growth indicates a positive shift towards blockchain-based investments.

The Impact of Tokenized Real World Assets on Blockchain Adoption

The expanding RWA market is pivotal in driving blockchain adoption by merging traditional financial assets with digital possibilities. Implementing blockchain-based platforms for increased transparency, security, and marketability has revolutionized asset investment. This trend will persist as more industries consider tokenizing their products and services, typically sold on such markets.

The Real World Assets market, with a capitalization of the “Shareholders’ value,” and the RWAs market, with a capitalization of $6.68 billion, are critical links between the current and emerging decentralized financial systems. With the growth of tokenization, RWAs will become an important factor in the future financial environment, providing unparalleled openness and traceability.

Cardano (ADA) has shown some growth in various areas last month, even though the overall market slump has impacted its price. Right now, it’s hard to say exactly where Cardano is headed. On the other hand, the Cosmos Ecosystem’s ATOM is going through a tough time, with its price down nearly 80% from its high in 2024.

In more positive news, BlockDAG is doing really well. The network has hit some major goals lately, including a massive $73.5 million in presale funds and a 1680% jump in the value of its coin. The latest AMA session shared some promising tips on how to get big rewards. Those who are paying attention might have the chance to earn an incredible 30,000x ROI.

Cardano Sees Growth Despite Market Downturn

In August, Cardano (ADA) experienced notable growth in several key areas, suggesting a positive future. This growth aligned with the successful implementation of the Chang upgrade on September 1. Even with the overall market down, more people were using and investing in Cardano. Smart contract transactions, for instance, increased by 31%, and metadata transactions grew by 20%, although simpler transactions decreased by 49%.

Cardano processed 95.9 million transactions in August, marking a 1.51% increase. Charles Hoskinson, the founder of Cardano, mentioned a “90-day bootstrap phase” that will bring significant governance changes. While ADA’s price recently climbed nearly 3% to $0.344, it still ended the month with a slight decline of 1%.

Cosmos Faces Challenges, But Hope Remains

The price of ATOM has fallen dramatically, affecting the entire Cosmos ecosystem, with its value dropping from a 2024 high of $14.19 to just $3.92—a nearly 80% decrease. Despite these challenges, there’s hope. The upcoming launch of Cosmos’s Interchain is expected to improve how different blockchain networks work together, linking networks like Cosmos Hub, Celestia, dYdX, and Injective.

The ATOM token plays a key role in the Cosmos ecosystem, helping to secure the network and motivate developers. Cosmos, which has the fourth-largest developer community, still has potential. However, buyers may find more profitable opportunities in projects built on the Cosmos network, as ATOM tends to benefit developers more than direct buyers.

BlockDAG AMA Update: Huge Potential Returns for Miners

During a recent BlockDAG AMA, miners got some great insights on how to secure big rewards from the network. BlockDAG’s ongoing presale has already raised a whopping $73.5 million, making it one of the biggest in the history of crypto. This conversation pointed out how rare this opportunity is.

Right now, BlockDAG’s coin is priced at $0.0178, and it has seen an incredible 1680% increase in value since it started. With the network growing so fast, the goal of hitting $1 by 2025 might come even sooner. Miners looking to make the most out of this should act quickly.

The AMA also shared that miners who hold onto their rewards could see even bigger benefits later on, like huge returns and special perks. Those who get in early might witness their purchases skyrocket, potentially earning a 30,000x ROI.

After these details were shared, there was a noticeable increase in big buyers, known as whales, getting involved in BlockDAG. This surge of whale activity shows just how promising the network is and why miners should jump in now if they want to strike it big in crypto.

This chance to earn significant rewards, along with BlockDAG’s successful presale, gives early miners a unique chance to benefit from what’s coming next.

Looking Ahead

In the competitive world of crypto, Cardano and Cosmos are each facing different challenges and opportunities. Cardano is growing steadily, showing improvements in its blockchain activities. Meanwhile, Cosmos is focusing on making its networks work better together, despite recent drops in price.

But with its impressive presale, a wave of big buyers, and the chance for a 30,000x ROI, BlockDAG is currently a standout in the crypto world. As the network continues to develop, early buyers could see their modest purchases turn into very valuable assets, especially if the price reaches $1 by 2025 as predicted. For those thinking about diving into BlockDAG, now might be the perfect time.

Join BlockDAG Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Today at Solana Breakpoint, a global Solana conference, Phantom announced the launch of its new embedded wallets, aimed at simplifying the onboarding process for developers and new users. The announcement was made via Phantom’s official account on X (formerly Twitter). It highlights the company’s commitment to enhancing user experience in the cryptocurrency space.

Today at @SolanaConf, we announced embedded wallets to help developers simplify new user onboarding.The most trusted, user-friendly wallet will also be the most app-friendly: Seedless sign-in Full-featured UI Universal Phantom accountAll for  pic.twitter.com/6Z42QVb3np

— Phantom (@phantom) September 20, 2024

Phantom Introduces User-Centric Features for Improved Wallet Experience

Phantom’s linked wallets can also be easily navigated and integrated with various applications. New solutions that form the basis of this innovative offer include seedless sign-in, user interface with all the necessary functions, and a single Phantom account. These innovations enable the creation of safe self-wallets using only an email address and a four-digit PIN, excluding inconvenient and complex seed phrases that can discourage potential users.

The integrated wallet is developed based on an open-source protocol, allowing the blockchain ecosystem to audit and enhance the wallet’s source code and functionalities if needed. This minimizes security risks by adopting a system of fully distributed keys, thus giving greater control over the assets to the users.

Phantom Aims to Broaden Crypto Access with Innovative Wallet Features

Another significant area of the new wallet is that seed phrases are no longer part of the design. This alteration resolves a major concern, which is forgetting seed phrases which have often led to loss of control over the funds. Moreover, the wallet will be integrated, and users will not need to download any applications or browser extensions to use wallet services.

This innovation supports Phantom’s mission to improve cryptocurrency access for the broader population. With the help of the implementation of the Phantom Wallet, the creators eliminated structural restraints and provided individuals with an easy to navigate app, promoting a more diverse number of users to engage in the dealings of cryptocurrency. With introduction of embedded wallets, users stand to benefit from a variety of applications that shall improve their overall experience of handling digital currencies in the future.

In a significant move, the largest holder of WIF (Dogwifhat) executed a strategic buy, spending 4.5 million USDC borrowed from Kamino to purchase 2.55 million WIF tokens at $1.76 per token approximately five hours ago. This latest acquisition adds to the whale’s already substantial holdings, further consolidating its dominance in the WIF market.

The largest holder of $WIF borrowed 4.5M $USDC from #Kamino to buy 2.55M $WIF at $1.76 again 5 hours ago!This whale now holds 31.2M $WIF($57.4M), with a total profit of more than $74M!This whale spent $226K to buy 19.86M $WIF at only $0.0114 from Dec 13 to Dec 15, 2023, then… pic.twitter.com/Y5ADkkxDYr

— Lookonchain (@lookonchain) September 20, 2024

According to Lookonchain, this whale has been steadily accumulating WIF over time, with earlier purchases dating back to December 13-15, 2023, when they spent $226,000 to buy 19.86 million WIF at an impressively low price of $0.0114. Following this, the whale registered the domain “binance-insider.sol” and made a standout transaction, spending 86,738 SOL (worth $8.92 million) to buy an additional 17.23 million WIF tokens in a single transaction.

Current Holdings and Profits

As of now, the whale holds 31.2 million WIF, which is valued at $57.4 million based on the current price of $1.83. The whale’s total profit from these transactions exceeds $74 million, positioning them as one of the most influential players in the WIF ecosystem. The attached transaction data and market chart provide further evidence of these recent movements and offer context to the whale’s strategic approach in leveraging both USDC and SOL to gain a substantial market share.

The whale’s continued activity in the WIF market is likely to influence both the short-term and long-term price dynamics. By borrowing significant sums and executing large purchases, this individual not only demonstrates confidence in WIF’s future but also plays a crucial role in dictating price trends.

With the current market conditions, this move could lead to increased interest from other traders and institutional investors, given the whale’s impressive profit margins. This whale’s actions indicate strong belief in WIF’s potential, which may encourage further accumulation from smaller investors and institutions alike. Traders should continue to monitor large transactions on blockchain explorers, as this activity could signal further price movements.

How do blockchain events shape industry trends? By bringing together visionary founders and executives from leading Web3 companies, Crypto events accelerate the adoption of breakthrough technologies. They ignite insightful discussions around innovation, allowing key industry players to share their perspectives and actively shape the future direction of the blockchain world, laying the groundwork for the next generation of decentralised solutions. Recently, Token2049 emerged as a highly anticipated event in Singapore, attracting global attention. Amid this prestigious conference, Qubetics ($TICS) distinguished itself with innovative and practical solutions designed to address real-world challenges in blockchain interoperability and financial integration. 

In the Token2049  Event, Qubetics presents its forward-thinking features, including its advanced interoperability solutions and seamless integration of digital assets into everyday financial transactions. These realistic and impactful features position Qubetics as a key player in the blockchain space. This article explores the significance of the event, how Qubetics stood out, and the upcoming opportunities with the Qubetics presale, offering early investors a valuable opportunity to be part of this pioneering project. 

Token2049 Must-Attend Event  for Blockchain Projects

Token2049 is a globally acclaimed conference held annually in Dubai and Singapore, bringing together the brightest minds in cryptocurrency and blockchain. As a central hub, it draws thought leaders, innovators, and investors to explore and discuss the latest breakthroughs in decentralised technologies. For blockchain projects, participation in Token2049 boosts credibility and provides a unique platform to showcase solutions on a global stage. Engaging in this prestigious event helps projects stay ahead of industry trends, increase visibility, forge strategic partnerships, and strengthen their market position. 

Qubetics Captivates Token2049 with Cross-Chain Innovation and Advanced Financial Solutions

Qubetics made a notable impact at the Token2049 event, establishing itself as a key player in the blockchain industry. By highlighting its interoperability and Web3 aggregated chain, Qubetics demonstrated its ability to connect multiple blockchain networks into a unified ecosystem, streamlining cross-chain transactions and asset management. This feature addresses the increasing complexity within the blockchain space, offering users a simplified and efficient platform to manage digital assets across various chains. The presentation of these capabilities garnered significant attention, solidifying Qubetics as an upcoming leader in blockchain innovation and positioning it as a project to watch in the future. 

In addition to its advancements in interoperability, Qubetics showcased its potential to revolutionise the financial system through its planned integration of debit and virtual cards. This integration, which links the Qubetics Wallet to major financial networks such as Visa and Mastercard, addresses a crucial challenge in the real-world application of digital assets. By enabling users to seamlessly use their digital holdings for everyday transactions via debit cards and mobile payment systems like Apple Pay and Google Pay, Qubetics bridges the gap between blockchain technology and practical financial use cases.

Qubetics Presale is Almost Here

The Qubetics presale is officially set to launch on Friday, September 27th. This event offers investors a prime opportunity to acquire $TICS tokens at the lowest possible price before the presale progresses through its pre-set stages. As these stages advance, the token price will increase, positioning early investors for maximum potential gains. Getting in at the earliest stage not only enhances your chances of earning significant rewards but also allows you to be part of a groundbreaking blockchain network. 

The Bottom Line

Qubetics’ impressive presence at Token2049 highlighted its role as an innovator in blockchain interoperability and financial integration. With the upcoming presale launch on September 27th, early investors have a unique opportunity to support and participate in this emerging layer-1 project, positioning themselves at the forefront of a transformative blockchain solution. Don’t miss out and pre-register for the Qubetics presale. 

Don’t Miss Your Chance, Presale Launching Soon

Qubetics: https://www.qubetics.com/       

Telegram: https://t.me/qubetics  

Twitter: https://twitter.com/qubetics

A significant transfer of 150,000 ETH (Ethereum) to various cryptocurrency exchanges has been observed recently. Notably, this is the largest deposit of ETH to exchanges since January 2024. This large movement indicates potential market volatility and raises concerns among traders for several reasons. 

Over 150.000 $ETH was deposited to exchanges yesterday, the highest since JanuarySuch substantial inflows often indicate rising selling pressure, as users may be looking to capitalize on recent price movements—whether to secure profits or limit further losses. pic.twitter.com/G6GoAsQwbR

— IntoTheBlock (@intotheblock) September 20, 2024

Ethereum Sell Pressure

A significant increase of ETH flowing into exchanges often indicates that holders might be planning to sell their Ether. If a large number of traders choose to sell at the same time, it can lead to a price drop and create a negative atmosphere in the ETH market.

Liquidity Concerns

Such significant transfers can impact liquidity. If buyers don’t step in to take on the extra supply, the higher selling pressure could push prices down. As a result, traders might hesitate to sell their ETH, leading to less trading activity and less volatility.

Market Sentiment

When traders notice significant transfers to exchanges, it can create feelings of fear or uncertainty. This negative sentiment can lead to panic selling. For example, if traders see large transfers as a sign of upcoming price drops, they might quickly sell their assets to avoid losses. This rush to sell can lead to even bigger price drops, creating further instability in the ETH market.

Whale Activity

Whale Activity: Big transfers often indicate that “whales”—people or organizations holding large amounts of cryptocurrency—are active. Their choices can significantly influence market trends and motivate other traders to follow their patterns.

These traders might sell in expectation of a price drop or buy if they think the whales are gathering more Ethereum, which can result in speculative trading behavior.

Potential for Manipulation

Sudden large transfers can also be a tactic for market manipulation, where big holders move their assets to create panic or encourage opportunistic buying and selling.

In short, the transfer of 150,000 Ethereum to exchanges raises red flags because it can indicate potential selling pressure, affect market sentiment, and create liquidity concerns, prompting traders to be cautious and monitor the situation closely. 

Even the responsible parties themself noted that large inflows often indicate rising selling pressure, as users may be looking to profit from recent price changes or reduce their losses.

The stablecoin space has continued to expand, registering a total market of $171.03 billion. Tether Limited’s Tether ($USDT) continues to be the predominant stablecoin and holds a large portion of the market share. With 69.58% market dominance, $USDT manages to hold its ground in the overall crypto markets.

TOP #STABLECOINS BY MARKET CAPITALIZATION TOTAL #STABLE MARKET CAP – $171.03B STABLE DOMINANCE – 7.72%… pic.twitter.com/QXGMGmrx4Q

— PHOENIX – Crypto News & Analytics (@pnxgrp) September 20, 2024

Other notable players include $USDC, $DAI, and $FDUSD. $USDC is second, with a market cap of $35.3 billion and a daily trading volume reaching $6.9 billion. $DAI, another significant contributor, is third, with a market cap of $5.3 billion and a daily volume of $68.6 million.

USDT Dominance Continues to Grow

Tether ($USDT) is the most traded stablecoin, with a daily trading volume of $69.4 billion, surpassing its competitors. This continuous demand highlights the trust users place in $USDT, which has become essential in decentralized finance and exchanges. Its current market cap of $119 billion cements its place as a leading asset.

Rising Players and the Growing Diversity of Stablecoins

FDUSD holds a market cap of $2.9 billion. $USDC and $PYUSD also contribute to the growing stablecoin ecosystem. Their collective presence showcases the diversity of options available to investors and users globally.

Stablecoins have a market share of 7.72% in the overall crypto market. The subsector continues to demonstrate meaningful activity even during market turbulence, which speaks to its utility in making transactions and serving as a reliable store of value. With fewer users seeking a stable store of value rather than liquidating their positions entirely for fear of such instability, the stable core contributed to the overall benefits of the market.

DWF Labs, a Web3 market maker and multi-stage investment firm, has partnered with GraFun, a meme coin platform on BNB Chain. This collaboration aims to bolster liquidity and transparency for memecoins launched on the GraFun platform, offering a more robust trading environment.

GraFun Manages Memecoin Market With DWF Labs

GraFun is a platform that enables the launch and trading of memecoins on the BNB Chain, utilizing a Fair Curve model. This model addresses price manipulation issues and pump-and-dump schemes, ensuring stability and fairness in token launches. With over two million on-chain registrations and 11 waitlisted registrations in just three days, GraFun is gaining traction as a player in the memecoin space.

The partnership with DWF Labs promises to support this rapid growth by enhancing liquidity provision for tokens launched on GraFun. DWF Labs will apply its market-making expertise to ensure smoother trading experiences, reduce volatility, and improve market health for new memecoin projects.

Industry Support and Strategic Impact

GraFun’s collaboration with DWF Labs is seen as a significant milestone in the evolution of the memecoin market. According to BigGra from GraFun, the combined efforts of DWF Labs’ expertise and GraFun’s innovative platform will drive substantial value for the memecoin community. Both parties believe this partnership will foster sustainable growth and transparency, strengthening investor confidence in memecoins.

Andrey Grachev, Managing Partner at DWF Labs, emphasized that the Fair Curve model aligns with their mission to promote transparency and sustainability in crypto. DWF Labs sees this partnership as an opportunity to support emerging projects and improve the overall stability of the memecoin market. He stated,“We are excited to partner with GraFun to support the next generation of memecoin projects on BNB Chain. GraFun’s innovative Fair Curve model aligns with our commitment to fostering transparency and sustainability in crypto. Together, we aim to empower emerging projects and provide them with the liquidity and support they need to succeed.”

GraFun’s approach offers a promising solution to many challenges traditional token launches face. With DWF Labs’ backing, GraFun aims to solidify its position as a critical platform for future memecoin projects. This partnership highlights a growing trend toward the professionalization and maturation of the memecoin market, making it more attractive to creators and investors.

KASPA is making serious strides with its KRC-20 smart contracts, driving its price up a solid 250% this year. Not far behind, AVAX is on the rise too, with analysts keeping a close eye on a potential climb if the current trend holds steady.

But the real action is happening over at BlockDAG. Its recent testnet launch has become a playground for developers, boasting EVM support, smart contracts, and more. It’s not just tech enthusiasts getting in on the action, though. With almost $73.5 million raised in presale and whispers of a 30,000x ROI, whales are buying BDAG like there’s no tomorrow!

Ready to spot the best crypto to buy today? Let’s dive in.

KASPA Smart Contracts Fuel Significant Growth

Kaspa (KAS) has seen impressive growth in 2023, with a 250% increase on yearly charts, driven by key developments like the launch of KRC-20 tokens. These tokens, now live on Kaspa’s mainnet, introduce smart contract capabilities, enabling the network to compete with top Layer-1 blockchains.

According to GHOSTDAG’s co-author, the network is smoothly handling large transaction loads, marking a significant milestone. With its robust performance and smart contract integration, Kaspa is positioning itself as a serious player in the growing market for decentralized applications and blockchain technology.

AVAX Forecast: Can It Reach $40? Key Insights 

Avalanche (AVAX) is gaining attention as its price nears a crucial milestone. Currently trading around $23.28, AVAX recently broke above a bullish triangle pattern, signaling potential for further gains. Over the past month, the coin has risen by 13.68%, and technical indicators are pointing to even higher targets. 

Analysts have set key price levels at $28, $33, and $40, but caution that if buying pressure weakens, AVAX could drop to $20.45 or even $17.29. Market volatility and potential regulatory actions remain risks investors should watch closely as AVAX’s rally continues.

Everything Users Can Do On BlockDAG’s Testnet: 30,000x ROI Awaits?

BlockDAG’s testnet has become a magnet for blockchain developers eager to test and build on its powerful infrastructure. With features like EVM support, real-time transaction monitoring, and a blockchain faucet, the testnet offers a complete environment for experimenting with smart contracts, NFTs, and staking. Developers can easily connect their MetaMask wallets, mint BDAG coins, and simulate complex transactions—all while accessing detailed block data via the intuitive BlockDAG Explorer.

This influx of activity has significantly fueled BlockDAG’s growth, with almost $73.5 million raised in its presale so far. In fact, 21 out of 45 presale batches are already sold out, with early holders seeing an impressive 1680% ROI. Plus, with testnet access requiring a minimum of 7,500 BDAG coins, the rush to join the presale is only growing.

This booming testnet activity has solidified two major forecasts: a $30 price by 2030 and a potential 30,000x ROI in the coming years. If BlockDAG’s price could jump from $0.001 to $0.0178 within months, hitting $30 doesn’t seem far-fetched. Holders are already taking note, with whale purchases crossing $2.5 million as they rush to secure BDAG before batch 22 sells out.

With developer interest at an all-time high, and BDAG coins becoming more coveted than KAS or AVAX, the race is on to get in before the next batch ushers in a substantial price hike. 

The Best Crypto to Buy Today!

So, what’s the takeaway from all this? KASPA is clearly on a roll, thanks to its KRC-20 smart contracts, driving an impressive price surge this year. AVAX is also looking strong, with a bullish forecast.

But BlockDAG is where things really get interesting. With its testnet attracting developers by the truckload, whales scooping up BDAG coins, and a potential 30,000x ROI on the horizon, the excitement is undeniable. If a leap from $0.001 to $0.0178 in months is any indication, the $30 price target by 2030 feels achievable. With presale batches nearly sold out, BlockDAG could just be the best crypto to buy today. 

Learn About BlockDAG – Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

The alt season is on the horizon, prompting investors to prepare as altcoins are poised for potential value surges. Amidst the growing excitement, one Ethereum token is attracting attention: RCO Finance (RCOF).

Analysts are discussing its potential to mirror the significant growth observed in past altcoin rallies. Currently priced at just $0.03, RCOF sparks interest among investors eager to take advantage of this intriguing opportunity.

Alt Season Recap

The most exciting phase in the crypto sphere has to be the alt season when Bitcoin’s dominance fades and altcoins finally surge in value. The first major alt season, from late 2017 to early 2018, was caused by the boom of the ICO market and growing curiosity about blockchain in general.

As an early mover for smart contracts, Ethereum smartly benefited from its increasing price, and EOS and Tezos saw huge gains in the market due to their very successful ICOs. Bitcoin’s market dominance decreased at this time, thus showing the change in investors’ focus on altcoins.

Another alt season took off during the COVID-19 pandemic, driven by retail investor speculation and meme coins. Designed for fun, Dogecoin surged in value, followed by Shiba Inu’s gains. Solana also grew as a popular smart contract platform, with its price rising during this period.

The dominance of Bitcoin fell considerably, and the combined market capitalization of altcoins catapulted into trillions. Such alt seasons show the dynamic, ever-changing world of crypto, a world of prospects for noteworthy gains in digital assets beyond Bitcoin.

RCO Finance (RCOF): The Ethereum Token not to Miss

This altcoin season is brimming with surprises as new tokens emerge, presenting opportunities for substantial profits. However, many of these investments may become obsolete due to a lack of utility, often labeled as get-rich-quick schemes. 

Meanwhile, RCO Finance strives to establish its presence in the DeFi space by innovatively using crypto AI.

RCO Finance (RCOF) stands out in the Ethereum landscape with a distinctive mix of advanced technology and user-friendly features within a strong ecosystem supporting investors. 

The core of RCO Finance’s charm is its clever use of artificial intelligence and blockchain technology, which offer a smooth trading experience.

One of RCO Finance’s key offerings is its unique AI-powered robo advisor tool. This cutting-edge tool uses sophisticated algorithms and machine learning to analyze vast amounts of market data, offering personalized investment strategies tailored to individual users’ financial goals and risk preferences.

RCOF’s robo-advisor works around the clock, setting itself apart from traditional trading platforms requiring constant oversight and manual decisions. It provides real-time insights, helping investors handle market shifts confidently. 

Automating processes reduces human error and improves investment results, making it user-friendly for beginners.

RCO Finance stands out with its unique approach to integrating real-world assets. Users can trade assets such as stocks, bonds, commodities, and ETFs directly using their RCOF Ethereum token holdings.

This means no more hassle converting crypto to cash, smoothing transactions, and boosting liquidity. By linking traditional finance with the crypto realm, RCOF provides previously inaccessible investment opportunities. This innovative tokenization lets people access markets requiring significant capital or complex processes.

By partnering with Fireblocks, RCO Finance provides safe platform operations. RCOF Ethereum tokens have been thoroughly audited by SolidProof, a trusted blockchain security company that guarantees robust smart contracts. RCOF’s no-KYC policy lets users trade anonymously, skipping tedious verification steps.

Why Pick RCO Finance for the Alt Season

Holding RCOF tokens offers multiple financial incentives. Token holders enjoy significant discounts on transaction fees, up to 40%, and can participate in staking opportunities that yield impressive annual percentage rates (APY), potentially reaching as high as 88%.

Furthermore, RCOF holders are entitled to dividends from the platform’s revenue, which range from 1% to 6%, depending on their RCOF Ethereum token holdings. 

These features create a compelling case for long-term investment in RCO Finance as they align the platform’s interests with those of its community.

The platform also offers high leverage options, allowing traders to amplify their positions significantly, up to 1,000x on certain trades. This feature particularly appeals to professional traders seeking to maximize their returns in volatile markets.

Early investors can purchase RCOF at $0.0344 per token in the current presale phase. Using the code RCOF50, they can receive an extra 50% in tokens. 

Once listed on exchanges, projections suggest it could increase to $0.40-$0.60, potentially offering over 1,550% gains. This alt season could see RCOF echo Bitcoin’s 2020 bull run.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

Notcoin is currently facing a tough time, with its price dipping below $0.0080 and leaving buyers feeling uneasy. On the flip side, Fantom (FTM) has just made headlines with a spectacular 50% surge! But, the big question on everyone’s mind is whether this impressive jump is here to stay or if it’s just a fleeting spike.

As the digital currency market continues to evolve, BlockDAG stands out with its recent Testnet launch, a key development that offers developers and enthusiasts the opportunity to engage with its Ethereum-compatible system. This phase introduces new tools and features, further solidifying BlockDAG’s place in the crypto landscape. With the Testnet now live, analysts are optimistic, projecting that BDAG could potentially reach a value of $20 by 2027, as increased developer engagement drives the platform’s growth. Additionally, early entrants are anticipated to benefit significantly, with market trends suggesting a potential 30,000x ROI in the future.

Notcoin Faces Challenges In the mareket

On another front, Notcoin is currently experiencing a rough patch, with its value struggling to stay above $0.00759 after dipping to a three-month low. The digital token has had a hard time pushing past the $0.0080 resistance mark, reflecting a downward trend influenced by a slow market. Technical signs, like a low RSI, suggest that Notcoin might see more declines, though there’s still a chance it could stabilize at the $0.00700 support level. The path forward for Notcoin looks a bit rocky as it navigates through these market challenges.

Fantom’s Recent Spike: A Steady Climb or a Short Uptick? 

Meanwhile, Fantom has caught the market’s attention with a notable 50% increase in its value, now trading at about $0.4846. This impressive rise has sparked a debate among market watchers: is Fantom’s surge a sign of lasting growth or just a brief peak? With resistance looming at the $0.5000 to $0.5050 range, Fantom’s ability to maintain its momentum remains uncertain. Yet, some remain hopeful, eyeing potential gains up to $0.600 in the upcoming weeks, though they caution about jumping in without waiting for potentially lower entry points.

BlockDAG’s Testnet Launch

The crypto community is buzzing as BlockDAG has officially launched its Testnet, marking a major milestone in its journey to reshape blockchain technology. This crucial step provides a hands-on preview of the platform’s innovative features, giving users and developers a glimpse of what the future holds.

The Testnet includes several exciting tools, such as a blockchain explorer for detailed transaction insights, MetaMask wallet integration for smoother operations, and a faucet feature that allows users to mint their own BDAG coins. These additions showcase BlockDAG’s capabilities while highlighting its potential to make a significant impact on the blockchain space.

The blockchain explorer, for example, provides real-time data on network activity, making it easy for users to track and analyze transactions.

Additionally, the Testnet supports smart contracts, enabling a range of activities like minting NFTs, staking coins, and burning tokens. With support for EVM-based transactions, BlockDAG is positioned to attract developers eager to build and experiment on its platform.

Amid this excitement, BlockDAG’s presale has surged, raising an impressive $73.5 million by its 22nd batch. The price of BDAG coins has jumped from $0.001 to $0.0178—a massive 1680% increase for early holders.

As the Testnet launch fuels further curiosity and anticipation, some in the crypto space are speculating that BDAG could reach the $20 mark by 2027. With a strong technological foundation and growing community support, BlockDAG is certainly a project worth watching. Moreover, market analysts predict a potential 30,000x ROI for early movers, making it an enticing opportunity in the blockchain world.

Looking Forward

As the landscape of digital currencies continues to evolve, BlockDAG stands out not just for its testnet launch but also for the strong momentum behind its presale success. This, coupled with the innovative features set to debut, positions BlockDAG for potential significant growth in the coming years.

Predictions are swirling around, with some experts suggesting that BDAG could reach as high as $20 by 2027, driven by its technological prowess and increasing interest from the crypto community. For those on the lookout for dynamic and promising crypto projects, BlockDAG offers an intriguing option worth considering. Also, market trends show a potential 30,000x ROI for early entrants in the future.

Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

iMe Smart Platform has recently addressed the iMe community about a significant security breach at BingX Exchange, which has impacted several tokens, including the platform’s $LIME token. It was reported that the breach included the loss of access to BingX’s hot wallet, which caused concerns and proactive reactions from the iMe team.

Important Announcement Regarding the Hack Attack on BingX Exchange and LIME TokenDear iMe Community!We regret to inform you that #BingX Exchange has recently experienced a security breach affecting their hot wallet. During this attack, several tokens were compromised,…

— iMe Smart Platform (@iMePlatform) September 20, 2024

iMe Plans $LIME Token Buyback to Stabilize Price After BingX Attack

The iMe team is currently in the process of negotiating with BingX to resolve this issue and fairly compensate the incurred losses. They are doing their best to address the outcomes of the attack and to guarantee that their community is safe during this period.

A suggestion from the iMe team is that they have not sold any tokens and are stressing on that point following the breach. Subsequently, upon receiving compensation from the well-known centralized exchange, the funds will be utilized for a buyback program that involves buying back $LIME tokens to help establish a more stable price for the token. This approach is to reduce fear in the community and ensure stability of the token at this time of fluctuating market prices.

iMe Commits to Community Safety and Transparency Amidst Challenges

People have been urged to be patient and supportive as the iMe team works with BingX to fix the problem. The team is willing to prove the point that BingX is willing to do all that is required to address the problem and regain people’s trust.

Besides, the iMe team also explained to users of a basic rule of storing cryptocurrency; if users have tokens in their exchange wallets, then these tokens are not fully secure. To enhance asset security, the community may utilize the iMe self-custody wallet or such staking options provided by the platform. This recommendation is to assist the users in regaining control of the tokens as well as avoid going through such data loss again.

With regards to the situation, the iMe Smart Platform is ready to protect its community members, as well as the other aspects connected with the hack. To ensure the user is involved as much as s/he can during this sensitive phase, the team has assured the user the most possible information will be provided.

In a major revelation at the Solana Breakpoint 2024 livestream, PayPal’s José Fernández announced PayPal’s move from Ethereum to Solana for their cryptocurrency payment system. This decision is a shift that changes the dynamics of digital payments and shows the strength of Solana over Ethereum in some of the critical areas that are important for mass adoption.

BREAKING: @PayPal's José Fernández states that Ethereum isn't the best solution for payments, prompting their launch on @Solana, which offers token extensions, lower costs, and can process 1,000 transactions per second, ideal for mainstream adoption.– Breakpoint 2024 pic.twitter.com/WdtBxNL8eX

— SolanaFloor (@SolanaFloor) September 20, 2024

As stated by Fernández, PayPal requires a more efficient way of handling a large number of payments, and Solana’s platform can handle up to 1000 transactions per second at a lower cost of operation and with additional token extensions.

Ethereum is one of the most well-known cryptocurrencies and is used in many applications; however, it has been critiqued for having higher transaction fees and longer processing times, especially during rush hour. Solana, which is characterized by high throughput and lower cost structure, seems to be a perfect solution to these challenges, offering a much more efficient solution for the number of transactions that PayPal processes daily.

Advancing the Future of Payments with Solana and PayPal

Solana entered the blockchain world in March at the beginning of 2020, which Anatoly Yakovenko developed. Solana is based on the approach of Proof of History (PoH). This foundational technology enables the network to facilitate up to thousands of transactions per second; thus, Solana is one of the industry’s most scalable and fast blockchains.

PayPal was founded as Confinity in 1998, and by 2001, it had become a leading online payment service. It was bought by eBay in 2002 and was a necessity for any online business. PayPal became an independent company in 2015. Over the years, it has not limited itself to the payment processing company, and it has adopted new technologies such as incorporating cryptocurrencies into its digital wallet.

This partnership aligns with the general trend of the financial industry embracing decentralized ledger technologies to improve efficiency in online transactions. Thus, using Solana’s high-performance blockchain, PayPal will be able to offer millions of users a low-cost service and become the first step in expanding the use of cryptocurrencies in everyday transactions.