Ethereum faces scalability issues and high gas fees, but is transitioning to Ethereum 2.0 for solutions.IOTA prioritizes scalability, offering feeless transactions and enhanced speed, beneficial for microtransaction-heavy applications.
The IOTA Smart Contract framework, known as IOTAevm, aims to provide an advanced experience for users seeking smart contract functionality. It offers features comparable to the best Ethereum Virtual Machine (EVM) experiences available in the cryptocurrency sphere.
At its core, IOTAevm operates on a base layer (DAG) that eliminates fees for token holders, ensuring cost-effective transactions. This framework also supports tokens and NFTs on its base layer, enhancing its utility for users. Additionally, it boasts high scalability, capable of handling up to 700 transactions per second (tps), making it suitable for a wide range of applications.

One of the standout features of IOTAevm is its support for appchains, which enables near-infinite scalability. These appchains can be deployed quickly and easily through @SPYCE_5, facilitating seamless integration into various platforms.

Furthermore, all assets on Layer 2 (L2), including NFTs and coins, can be transferred between different layers without the need for bridges or third-party intermediaries, minimizing risk.

Ethereum vs. IOTA: Technological Foundations
The comparison between the IOTA EVM and Ethereum focuses on the technological and operational disparities of both platforms:
Smart Contracts: A Comparative Analysis
In terms of underlying technology, Ethereum utilizes blockchain technology, appending each transaction to a block and linking them in a chain. It’s known for executing DApps via EVM.
In contrast, IOTA employs a different technology called Tangle, a type of directed acyclic graph (DAG), tailored for scalability and efficiency, particularly for the Internet of Things (IoT).
Regarding smart contracts, Ethereum’s EVM executes intricate smart contracts and is Turing-complete. Conversely, the IOTA EVM aims to support Ethereum’s smart contracts, allowing developers to deploy contracts written in Solidity on the IOTA network and Shimmer.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#IOTA #ETH

Cardano (ADA) had substantial market swings in April 2024, including a sharp decline and subsequent rise, underscoring its erratic character.To improve peer-sharing and prepare for post-Conway era improvements, Cardano just updated to node version 8.9.2, demonstrating continuous network optimization and development.
In April 2024, Cardano (ADA) experienced a wild ride that included a precipitous drop and a promising rebound. The altcoin first had a 38% decline between April 1st and April 13th, from $0.65 to a year low of $0.40, its lowest price since December 2023.

Rebound During Crypto Recovery
The second part of April, though, has seen a noticeable improvement. At the time of the most recent check, ADA’s price on CMC was $0.4719, down 5.38% from the previous day but still on a positive bull trend of 6.47%.

This rebound is consistent with a more general upswing in the cryptocurrency market, especially in the wake of the Bitcoin halving event, which has historically generated bullish momentum in all directions.
Particularly intriguing have been the ADA market dynamics. Other well-known cryptocurrencies, such as Solana (SOL) and Ethereum (ETH), have also regained significant barrier levels, with SOL reaching $150 and ETH reaching $3,200.
Based on on-chain data from IntoTheBlock, which shows buy orders exceeding sell orders by 30 million ADA on prominent exchanges like Binance and Coinbase, Cardano looks ready for a similar breakout.

Due to the surplus demand, it is possible that ADA prices may soon correct upward, with a goal of stabilizing above $0.50 and perhaps even moving up to $0.60 as investors try to make up for their earlier-month losses.
Technology Updates: Improving Cardano’s Ecosystem
To add to the technological background, ETHNews previously reported that Cardano recently released node version 8.9.2, which enhances peer sharing and prepares for improvements once the Conway era ends.
This advancement in technology has the potential to improve the network’s usability and attractiveness, drawing additional users and investors into the Cardano ecosystem.
With a cautious degree of optimism, market sentiment for ADA is still present. The level of active Cardano buy and sell orders across ten well-known crypto exchanges is displayed in the aggregate exchange order books chart.
This suggests that the buying pressure may, in fact, cause bid prices to rise as traders compete to fill their orders as quickly as possible.
Should the forecasted events come to pass, ADA might provide a stable base of support over $0.50, offering a strong basis for further increases.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano #ADA

XRP’s recent fluctuation into the $0.4 price region has triggered a wave of buying activity among crypto whales.
In a post on X, market analyst Ali Martinez points to data from the intelligence platform Santiment, which reveals the amount of XRP accumulated when the price dropped to $0.4 region.
Ali Martinez noted, “$XRP dropped from $0.62 to $0.41, and #crypto whales took notice. They’ve bought over 31 million #XRP in just the past week!” 

Whale Activity and Market Impact
The accumulation of XRP by whales demonstrates market confidence during periods of price correction. This estimated $16 million capital injection bolsters investor sentiment.
Earlier in the month, Times Tabloid reported an even more substantial whale purchase where a total of 452 Million XRP was moved to three top exchanges amid a downward trend triggered by the conflict between Iran and Israel.
At the time of writing, XRP is trading at $0.5288. While this represents a gain of 5% over the past week, the relatively static 24-hour price action has left some market participants feeling underwhelmed.
Historical Trends and Future Potential
Market analysts highlight a positive correlation between price dips and whale activity. Historically, such dips have signaled buying opportunities for these large holders. Their significant XRP accumulations indicate an expectation of future price appreciation, potentially setting the stage for a bullish market.
XRP Wallet Growth: A Key Indicator
Santiment has also observed a parallel trend that reinforces the positive market outlook. Wallets holding a minimum of one million XRP have been steadily growing. Their numbers have climbed by 3.1% over the past six weeks, reaching a current count of 2,013.
This figure is closely approaching the all-time high of 2,014 recorded in June 2023, when XRP attained significant recognition due to its clear regulatory status within the United States.
Community Sentiment and Outlook
Whale accumulation and increased wallet counts could be considered positive signals of investor confidence, strengthening the potential for continued growth within the XRP market.
While the community response to the recent whale activity has been mixed, many remain optimistic about XRP’s prospects. Some analysts like Mikybull, predict a potential price target as high as $3.1.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

The recent market recovery, with Bitcoin surpassing $64,000, has fueled optimism for SHIB’s future value. Notably, SHIB surpassed the $0.000025 mark, breaching the 50-day EMA, indicating a potential bullish trend.
This positive momentum has prompted speculation about ambitious price targets for SHIB. Some analysts envision SHIB reaching prices as high as $0.002 and even $0.02 in the long term.
Changelly’s Projections for SHIB’s Price Growth
Cryptocurrency exchange platform Changelly has updated its report outlining potential timelines for SHIB to reach specific price points. Their analysts believe SHIB has the potential to reach $0.002 by 2040, predicting an average price of $0.00202 for that month. SHIB is trading at $0.0000257, and a surge to $0.00202 represents a 7,759.9% climb.
Changelly’s analysts believe SHIB will maintain a steady upward trajectory. Changelly believes SHIB will reach $0.02 by December 2050, where its analysts predict a maximum price of $0.0211.
This surge represents an 82,001.1% surge for the meme coin. This target requires a significant climb, but other analysts have predicted that SHIB can reach $0.001 and beyond, suggesting the meme coin has the potential for massive growth.
Alternative Perspectives on SHIB’s Price Future
To gain a broader perspective, we consulted AI models for their insights on SHIB’s potential price trajectory. Google’s AI, Gemini, acknowledged the uncertainty in price predictions but offered its hypothetical scenarios.
Gemini suggested that SHIB could reach $0.002 by 2030, much shorter than Changelly’s prediction, and believes SHIB will reach $0.02 by 2035. However, Gemini pointed out that reaching these targets would require widespread adoption in the financial sector.
We also consulted ChatGPT, asking it to evaluate the plausibility of these targets. Using the JamesGPT prompt, ChatGPT evaluated Gemini’s predictions and assigned a 15% chance for SHIB to reach $0.002 by 2030 and an 11% for SHIB to reach $0.02 by 2035.
After analyzing Changelly’s predictions, ChatGPT showed more confidence in SHIB’s trajectory. It set a 40% chance for SHIB to reach $0.002 by January 2040 and a 35% for the meme coin to reach $0.02 by December 2050.
Shiba Inu’s lead developer has revealed that there’s much in store for the community, and it is only a matter of time before SHIB shocks the world.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB

According to a recent report by Santiment, the digital token XRP has experienced a remarkable surge in the number of addresses holding a minimum of one million tokens.
This increase has resulted in XRP reaching an all-time high in millionaire addresses, which is very bullish for the embattled cryptocurrency. It also coincides with the mild recovery recently recorded by the digital asset.
On the 22nd of April, XRP reached a price of $0.5715, marking a notable increase. However, a more intriguing aspect lies in the on-chain data. The number of wallets holding at least one million XRP has reached 2,013, nearing the previous peak recorded in June 2023.
As of the time of the report, according to Santiment, only one additional wallet is needed to surpass the prior record of 2,014 millionaire addresses.

Historical Correlation Suggests Potential Rally
An analysis of historical data reveals a potential correlation between the rise in XRP millionaire addresses and subsequent price rallies. In June 2023, a surge in millionaire addresses coincided with a significant price increase for XRP.
The token’s value nearly doubled to around $1 within a month, following news of a favorable court ruling in the SEC v. Ripple lawsuit, where the judge did not classify XRP as a security.
Investor Confidence and Market Dynamics
The recent increase in millionaire addresses for XRP could be interpreted as a sign of growing investor confidence. Large investors holding substantial amounts of XRP may be signaling their belief in the long-term potential of the token. This, in turn, could attract further investment and contribute to a price increase.
Uncertainties and Market Observation
While a definitive causal link between rising millionaire addresses and XRP price rallies cannot be established, the historical similarities warrant close observation. The actions of major investors, XRP price movements, and historical trends suggest that the XRP market will likely undergo careful monitoring in the coming weeks and months.
Further developments in the ongoing SEC v. Ripple lawsuits and overall market conditions will likely play a significant role in shaping the trajectory of XRP. Investors and market analysts will likely pay close attention to the number of millionaire addresses and its potential influence on XRP’s price.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

Bitcoin (BTC) has dipped below the $65,000 support level amidst a decrease in market risk appetite. Experts suggest that Bitcoin must maintain a price above $65,000 post-halving to potentially reach a new all-time high.
However, trading analyst Alan Santana predicts further correction for BTC as market frustration grows due to prolonged consolidation. Santana highlights $51,000 to $53,000 as the next significant support level to monitor, according to a TradingView post on April 25.
Bitcoin Faces Significant Correction Amidst Market Frustration
Market Analysis: Despite briefly touching the $57,000 mark, analysts believe this price level lacks significance and is unlikely to hold. Instead, a swift downward movement is anticipated due to Bitcoin’s prolonged consolidation phase lasting over a month.

Projected Correction: Analysts predict that Bitcoin could drop as low as $40,000, representing a correction of about 37% from its current value. The market sentiment suggests impatience and readiness for a decisive move forward.
Market Sentiment: “The market is ready and the market is fed up,” stated trading expert Alan Santana. He emphasized the need to accept short-term declines while remaining confident in Bitcoin’s long-term growth trajectory.
Future Outlook: Despite short-term fluctuations, Santana remains bullish on Bitcoin’s prospects, predicting a potential price surge to $250,000 by 2025. He advises newcomers to view price drops as opportunities to enter the market.
Bitcoin Faces Sell Signals Amidst Market Uncertainty
Analyst Ali Martinez has highlighted potential sell signals for Bitcoin, including the TD Sequential and a death cross chart pattern. With this pressure, Bitcoin is expected to drop below the $60,000 level.

Despite the correction, many view Bitcoin’s current price movement as a post-halving retracement typical of historical patterns. Amidst this sentiment, the consensus remains bullish on Bitcoin’s long-term potential, with projections suggesting a rally to $150,000 following the halving, according to Standard Chartered Bank.
Bitcoin’s recent dip below $64,000 has put the market on edge, with attention focused on its subsequent trajectory. Breaking out from the extended consolidation phase will be crucial for the digital asset’s future performance. At the time of writing, BTC traded at $63,970, with daily losses nearing 4% but showing over 2% gains on the weekly timeframe.
The ongoing struggle between Bitcoin bulls and bears intensifies as they aim to sustain the cryptocurrency’s value above the critical $60,000 mark.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Bitcoin #BTC

Following a significant announcement on X (formerly known as Twitter) by a Shiba Inu representative, the SHIB burn rate experienced a remarkable increase, as reported by data from the Shibburn explorer.
This surge reflects the Shiba Inu community’s active participation, resulting in the disposal of a substantial amount of the meme coin.
Shibburn Records Surge in SHIB Burn Rate
Significant Increase in Burn Activity: Shibburn’s data reveals a substantial rise in the burn rate of Shiba Inu’s meme coin, SHIB, over the past 24 hours. During this period, the community disposed of a total of 40,067,872 SHIB tokens, indicating a noteworthy surge in burn activity.
Key Burn Events: The most notable burns occurred recently, with the largest one taking place around 14 hours ago, resulting in the destruction of 20,000,000 SHIB tokens. Following closely, another significant burn occurred approximately two hours ago, where 1,693,629 SHIB tokens were disposed of into an unspendable blockchain wallet. Interestingly, Wednesday also witnessed a notable increase in the SHIB burn rate, reaching 2,211.89%.
Surge in Burn Rate: Despite the absolute number of tokens burned not being exceptionally high, the surge in burn rate saw a remarkable increase of 2,076% compared to previous levels. This spike indicates heightened activity and engagement within the Shiba Inu community, contributing to the ongoing disposal of SHIB tokens.

Shibarium Unveils Ambitious Upgrade Plans
1. Upcoming Features: Lucie, Shiba Inu’s marketing lead, disclosed a roadmap for Shibarium, outlining several upgrades scheduled for release between this year and 2025. Notable additions include the SHIB Metaverse, a new version of the Shiba Eternity game, and the rollout of ShibaSwap DEX 1.75, with version 2.0 to follow.
2. New Projects: Shibarium’s expansion plans extend beyond existing features, with upcoming projects including the introduction of a layer-3 testnet and the launch of the TREAT token. The TREAT token will serve as the primary currency for the new blockchain running atop Shibarium.
3. Fundraising Success: To kickstart the development of the layer-3 solution, the SHIB team recently secured a substantial $12 million investment from major backers. This funding injection will facilitate the implementation of ambitious upgrades and innovations within the Shibarium ecosystem.
4. Global Presence: Shytoshi Kusama, the enigmatic lead behind SHIB, has been making waves across various global locations. Known for his frequent changes in location on social media platforms like X (formerly known as Twitter), Kusama has been spotted in Dubai, Hong Kong, the Maldives, and several U.S. cities, including New York. These movements hint at the project’s expanding reach and growing influence on the global stage.
Mixed Fortunes for SHIB Price Amid Positive Developments
Despite Positive News: Despite positive developments such as the surge in the burn rate and successful fundraising efforts, meme coin SHIB has faced challenges in terms of price performance.
Price Decline: Over the past 24 hours, SHIB, the second largest meme cryptocurrency, has experienced a notable decline of approximately 10.39%. As of the latest data, SHIB is currently trading at $0.00002458.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIBburn

Bonk’s price is going up as it forms a Golden Cross, suggesting it might keep rising. Also, the funding rate turned positive from negative in the last four days, which could make bearish investors less worried. This shift might ease concerns for bears who saw $2 million worth of liquidations.
Bonk (BONK), a popular meme coin in the Solana ecosystem, recently experienced a significant surge in value within just four days. The holders of BONK coins have become more active, which could push the meme coin’s price even higher.
Bonk (BONK) Price Dynamics and Market Analysis
Recently, Bonk’s price has been caught in a downtrend, slipping below $0.000024 in the past few days. However, this trend is likely to shift as bearish investors may retreat after the recent losses.
Over the last four days, short positions totaling over $2 million were liquidated. As prices surged, short contracts anticipating further declines in the altcoin’s value were settled and sold off. This trend is expected to deter bears from betting against Bonk’s price rise.
The funding rate of Bonk, which remained negative for most of the past month, has now turned positive. This rate reflects the fee paid from one trading party to another in perpetual futures contracts, aiming to balance market demand. The shift to positive rates indicates a dominance of long contracts in the Futures market, suggesting a potential rise in prices for Bonk.
Bonk (BONK) Price Rally and Potential Outlook
Bonk’s price recently surged by 80% within just four days, igniting optimism among investors. This rally is attributed to two key factors that indicate further potential for growth.
One factor contributing to the positive outlook is the formation of a Golden Cross. In technical analysis, this bullish signal occurs when a short-term 50-day Exponential Moving Average (EMA) surpasses a long-term 200-day EMA. This suggests a potential upward market momentum for Bonk.

The Golden Cross could assist Bonk in breaking through the resistance level marked at $0.0000284, providing momentum to rally beyond $0.00003. However, if bearish market signals prevail, Bonk’s price may retreat to $0.00002153. A breach of this level could invalidate the bullish thesis, potentially pushing BONK below $0.00002.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BONK #BonkToken

VeChain’s VeBetterDAO is all about encouraging people to do things that help the environment. They offer different activities and rewards to motivate users to be eco-friendly.
When users take part in these activities through VeBetterDAO, they earn rewards, which helps them develop sustainable habits and make a positive impact on the world.
VeChain’s VeBetterDAO: Revolutionizing Sustainable Behavior Rewards
VeChain, a prominent blockchain platform, is changing the game with its VeBetterDAO initiative, which aims to reward sustainable behavior. Through a series of mini initiatives, VeBetterDAO encourages positive daily choices that benefit both individuals and the environment.

At the heart of VeBetterDAO is its distinct dApp/DAO structure, providing users with a range of opportunities to improve their personal lives while contributing to global sustainability efforts. To join in, users are urged to download the VeWorld wallet, granting easy access to VeBetterDAO’s diverse array of dApps.
One of the initiatives under VeBetterDAO is Mugshot, where users are encouraged to showcase their reusable coffee mugs, promoting sustainability in everyday habits. By simply submitting a photo, users interact with Mugshot’s AI barista and earn rewards in the form of B3TR tokens.
Another initiative, Cleanify, motivates users to tidy up their local environments by properly disposing of trash. Users can engage through the DailyActions tab or organize community clean-up campaigns, fostering collective action for a cleaner world.
VeChain Innovates for Sustainable Living
The Non Fungible Book Club offers audiobook streaming as a sustainable option for reading, aiming to reduce waste from physical book production. The Green Ambassador Challenge turns learning about environmental issues into a game, encouraging users to become advocates for sustainability.
Vyvo combines blockchain, smartwatches, and AI to help users manage their health and earn rewards for healthy habits. VeBetterDAO makes sustainable living easy by offering incentives and opportunities for eco-friendly choices, contributing to a greener society. With ongoing innovation, VeChain is driving positive change for a better world.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#VeChain #VETUSDT

Toncoin (TON) is getting ready for a possible jump in price, driven by a change in how investors feel and good signs from the market.
Even though the price went down recently, experts think it could go up again, maybe reaching $7.8. That would be a rise of about 17.77%.
Toncoin (TON) Enhances Affordability and Accessibility
The Open Network recently implemented a significant reduction in transaction fees, making Toncoin more accessible to users. The fee has been slashed by 2.5 times, aiming to improve network scalability and draw in new users.
Toncoin transactions are now priced according to their dollar value. Initial transactions cost $0.06, while subsequent ones are priced at $0.04, allowing for more cost-effective usage of the network.
In a move to further stimulate interest among investors, the TON Foundation distributed 20,630 TON tokens to JVT holders and ANON traders through an airdrop. This distribution has contributed to a heightened sense of enthusiasm within the Toncoin community.
Toncoin (TON) Holding Behavior Indicates Growing Confidence
Toncoin’s mean coin age, a metric reflecting investors’ holding behavior, has been on the rise. This suggests that investors are increasingly opting to hold onto their TON investments, indicating a growing sense of confidence in the cryptocurrency.
An analysis of the disparity between daily average addresses (DAA) and market valuation unveils a potential buying opportunity. This indicates that despite the current market valuation, there may be room for further growth and investment in Toncoin.
Toncoin is presently trading at $5.5, but there are indications of a potential breakout above the $7.0 resistance level. If this breakout occurs, it could lead to a significant price increase, with a target of $7.8 in the near future.
Despite positive indicators, there are risks of Toncoin’s price falling back down to $5.4 if it fails to surpass the resistance level. A decline below $5.4 could further result in a drop to $5.2. Investors should consider these factors when making investment decisions regarding Toncoin.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Toncoin #TON

The Terra Luna Classic community has given the green light to a proposal to increase the minimum commission for validators. This decision could potentially help boost the prices of LUNC and USTC above crucial levels, aiding in their recovery.
Terra Luna Classic has agreed to raise the minimum commission to 2.5% to support small validators and enhance the infrastructure they operate on. This move also aims to safeguard against spam attacks on the chain. Despite a decrease in trading volumes, prices of tokens in the Terra Classic ecosystem, including LUNC, have remained above support levels, with LUNC showing a 12% increase over the past week.
Terra Luna Classic Proposal to Increase Minimum Commission Underway
Proposal 12097, titled “Minimum Commission 2.5%,” is currently undergoing voting procedures within the Terra Luna Classic community. As of now, the proposal is passing, having reached both the quorum and pass threshold. The primary objective behind this proposal is to elevate the minimum commission for validators from 0% to 2.5%. The intent is to provide support to validators by enhancing the infrastructure they rely on to operate effectively.
With over 35 “Yes” votes received, the proposal has garnered significant support from the community. However, it’s essential to note that there have been some dissensions. Notably, 7 validators, including prominent entities like Allnodes and JesusisLord, have cast “No” votes. Allnodes expressed concern over the impact on validator performance, citing a potential decrease in voting power from the implementation of dynamic commission adjustments.
The rationale behind the proposal underscores the need for competitiveness among validators while maintaining the integrity of the network. The proposal seeks to strike a balance between incentivizing validators and ensuring the sustainability of the ecosystem. A previous proposal aiming for a 5% commission was voted down due to concerns about diminishing the flexibility of dynamic commission adjustments. Consequently, the proposal for a 2.5% commission is proposed as a compromise to address these considerations effectively.
LUNC and USTC Prices Experience Declines Amidst Reduced Trading Activity
LUNC Token: The price of LUNC has witnessed a 2% decline over the past 24 hours, following a notable 15% surge throughout the week. Presently, the token is trading at $0.000111, with its 24-hour low and high recorded at $0.000110 and $0.000114, respectively. However, trading volume has dwindled by 39% during this period, signaling a waning interest among traders in LUNC.
USTC Token: Similarly, the price of USTC has also seen a slight decrease of over 1%, currently standing at $0.01985. Despite experiencing a significant 20% increase in price last week, USTC has faced a decline in trading volume, leading to a loss of momentum. The 24-hour low and high for USTC are recorded at $0.01963 and $0.02039, respectively.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC

With the XRP lawsuit seemingly approaching its end, the community is eager to know how the digital asset will perform. Many expect short-term gains, and we decided to ask ChatGPT, a powerful AI-powered chatbot from OpenAI, for its opinion on XRP’s short-term future, specifically, its potential price on May 1, 2024.
According to ChatGPT’s analysis, XRP might climb 8.81% to reach $0.6 by the target date. At the time of writing, XRP is trading at $0.5514, with a 1.24% price upsurge in the last 24 hours. The chatbot expects the digital asset to climb steadily over the next few days and settle around $0.6 by May 1.
Is ChatGPT’s Prediction Accurate?
It is important to note that ChatGPT’s prediction, while based on historical analysis and XRP’s technical signals, does not guarantee future performance. The cryptocurrency market is highly volatile and susceptible to factors that can influence price movements.
A notable one is the regulatory landscape. Luckily for the XRP community, it has the most regulatory clarity in the altcoin market. However, its major distributor, Ripple, is still in a legal battle with the U.S. Securities and Exchange Commission (SEC). Although the lawsuit has favored Ripple, the SEC might appeal the decisions surrounding XRP’s clarity after the case, potentially causing problems for investors.
Market sentiment towards cryptocurrency can also affect the price of XRP. Positive sentiment across the cryptocurrency market can lead to increased demand for XRP, driving the price up. Conversely, negative sentiment can lead to a decrease in demand and a corresponding drop in price.
Additionally, basic principles of supply and demand also dictate the price of XRP. If the supply of XRP remains constant while demand increases, it will likely impact its price positively. Conversely, if demand for XRP decreases, the price could fall.
Finally, the overall utility and adoption of XRP within the financial technology sector can influence its price. Increased use cases for XRP could lead to higher demand and a subsequent price increase.
XRP’s Current Performance
Despite the ongoing legal case, XRP has shown signs of positive performance in recent weeks. Although many believe XRP is not moving, the digital asset is up over 20% in the past year. Investors are also showing interest in the digital asset, as its trading volume is up 24.52%, and whales are moving around the ecosystem.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

In a major development for the Terra Classic ecosystem, the community has decisively approved a proposal to restore the Inter-Blockchain Communication (IBC) connection with Kujira. This move is set to unlock frozen funds and bolster liquidity for the network.
 IBC Upgrade Approved
Proposal 12099, spearheaded by the RakoffToken team, sought to re-enable the IBC client 07-tendermint-178 between Terra Classic and Kujira.
The restoration of the IBC link with Kujira is a critical step in revitalizing the Terra Classic network. IBC technology enables secure interaction between different blockchains, enhancing the potential for asset transfers and greater interoperability.
The proposal received overwhelming support with 99.99% of the votes cast in favor. To achieve this restoration, the IBC client will be upgraded from 07-tendermint-178 to 07-tendermint-246.
The restoration proposal also had unanimous backing from validators, demonstrating the decentralized nature of the project and its commitment to continuous improvement.
Notable validators supporting the move include Interstellar Lounge, Allnodes, Luna Station 88, and HappyCattyCrypto, amongst others, making them 36.
Security Considerations
While the IBC restoration is a positive step, the Terra Classic community is also actively seeking comprehensive solutions to mitigate potential risks from peer-to-peer storm attacks. As an initial security safeguard, a proposal by Genuine Labs aims to reduce the maximum block size from 5MB to 2MB.
Market Impact on LUNC and USTC
The revitalization of the IBC has had a positive effect on the price performance of Terra Classic’s native tokens. According to data from CoinMarketCap, over the past 24 hours, the price of LUNC has risen by 2.79% extending to a promising 10.55% weekly gain. Currently, LUNC trades at $0.0001115, with further bullish sentiment buoyed by the community’s aspiration for the coin to reach $1.
Similarly, the price of USTC has also experienced an upward trend, rising 0.5% in the past day. This follows a 17.41% surge in the previous week, with its current value hovering at $0.01981.
The Terra Classic community’s approval of the IBC restoration underscores their determination to revive the project. This decision, intended to improve network liquidity and release frozen funds, highlights the collaborative spirit driving efforts toward Terra Classic’s resurgence.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC

The bug posed a risk of a reentrancy attack, potentially allowing unauthorized token minting across IBC-connected chains.No funds were lost due to the prompt action taken, preventing exploitation of the vulnerability by malicious actors.
Cosmos developers recently addressed a severe security flaw in their Inter-Blockchain Communication (IBC) protocol, successfully averting a potential theft of approximately $126 million. This vulnerability in the IBC protocol, integral to Cosmos’ functionality for enabling transactions across different blockchains, was reported by the blockchain security firm Asymmetric Research.
On April 23, Asymmetric Research announced that they had confidentially reported the flaw through the Cosmos HackerOne Bug Bounty program, leading to a swift resolution. “No malicious exploitation took place and no funds were lost,” the firm assured, indicating effective preventive action.
The nature of the bug could have permitted a reentrancy attack, which involves a hacker making recursive calls to a function in a smart contract, potentially allowing them to mint unlimited tokens on networks linked through the IBC, such as Osmosis and various decentralized finance platforms operating on Cosmos.
Asymmetric Research explained that the flaw had been present in the ibc-go, the high-level programming language used for implementing IBC since its inception in 2021. The vulnerability became a threat with the introduction of new third-party application software called IBC middleware.

This software expanded the IBC’s capabilities by enabling tokens adhering to the ICS20 interchain token standard to be transferred across different chains, inadvertently increasing the risk of exploits.
“This incident underlines the fragile nature of trust assumptions in blockchain networks and the potential risks introduced by new features,” Asymmetric stated, emphasizing the importance of thorough security measures and the need for ongoing research into cross-chain security to safeguard the interconnected blockchain environment.

By utilizing IBC hooks, CosmWasm contract calls can be initiated from the Acknowledgement and Timeout handlers. This allows entry into CosmWasm via IBC hooks. Subsequently, CosmWasm can generate submessages to execute arbitrary Cosmos messages, creating a recursive call scenario. This vulnerability could potentially lead to a multi-spend scenario, posing a significant risk to the security of the Cosmos network.
The exploitation process begins with deploying a smart contract that complies with IBC hooks callback for timeouts. Then, IBC tokens are sent back to the native chain with an expired timeout. Malicious relayers intercept the transfer, facilitating the preparation and execution of messages for a single CosmWasm execute() call. 

These messages, such as MsgUpdateClient and MsgTimeout, are stored in the smart contract for future reentrant calls.
Following execution, the process entails the successful completion of MsgUpdateClient and MsgTimeout messages. This is followed by triggering MsgTimeout again via another submessage in the CosmWasm contract. This sequence repeats until all funds for a given token are stolen or the desired amount of IBC tokens are minted.
The bug was rectified by Cosmos developer Carlos Rodríguez approximately three weeks ago, as indicated by a GitHub commit. This proactive approach reflects Cosmos’ commitment to security and the efficacy of their response systems.
This incident was not the first time a critical vulnerability was discovered in the IBC protocol; another serious issue was identified and fixed in October 2022 before it could be exploited.
Together, these incidents highlight the ongoing challenges and essential vigilance required to secure complex blockchain ecosystems like Cosmos.
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#Cosmos #ATOM

Factors such as Elon Musk’s influence and community sentiment may impact Dogecoin’s price trajectory.Despite recent gains, Dogecoin faces challenges including potential sell-offs and competition from other memecoins.
Dogecoin, a cryptocurrency adorned with a Shiba Inu dog mascot, faces scrutiny over its potential to reach the $1 mark this cycle. Analysts hold diverse viewpoints on this matter.

Currently priced at $0.15, reaching $1 would signify a 525% increase. Recent data shows a modest 2.58% gain for DOGE over the last week, trailing behind other memecoins, which experienced notable upside price action.

Rekt Capital, suggests Dogecoin’s cyclical nature and established chart patterns hint at a likelihood of reaching the $1 target. He emphasizes the cryptocurrency’s “historical heritage” and its predictable cycles, frequently discussed among traders on social media.
Pav Hundal, lead analyst for Australian crypto exchange Swyftx, adopts a more cautious stance. While acknowledging Dogecoin’s large user community, he highlights the potential for sell-offs if the price experiences sharp spikes, particularly impacting long-term holders facing paper losses.
Hundal describes the situation as uncertain, indicating the decision-making of millions of investors who bought DOGE during previous cycles will play a crucial role in determining whether the cryptocurrency reaches $1.
One influencing factor could be the behavior of influential figures like Elon Musk. The billionaire entrepreneur has a history of tweeting about Dogecoin, which often leads to price fluctuations.
Despite Musk’s recent statement suggesting a diminished interest in cryptocurrency, traders remain attentive to any potential endorsements or remarks from him.
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#Dogecoin‬⁩ #DOGE

XRP has had a minor recent decrease, but it has had a large weekly increase while significant legal actions are anticipated to affect its future worth.Experts predict a significant surge in XRP, bolstered by robust technical indicators and possible legal wins.
When it comes to price projections and market activity, Ripple’s XRP stands out. According to the most recent data from CoinMarketCap, the price of XRP has slightly decreased by 0.37% over the past day to stay at $0.5463. Notwithstanding this small setback, the currency has appreciated by 9.10% during the last week, exhibiting a bullish trend.

Major cryptocurrencies such as Bitcoin and Ethereum have been exhibiting little to no notable price changes, until this rise. But XRP’s recent rise is drawing attention from analysts and investors alike, pointing to a potentially explosive future for the virtual currency.
Analysts Predict a Bullish Future  
Many cryptocurrency analysts think that XRP is about to make a big breakthrough, among them is Dark Defender. Dark Defender claims that XRP is in a critical position that may allow it to redefine its place in the market.

One of the main points of its current legal arguments is that they further contend that XRP should not be categorized as a security.
Technical data supports the positive prognosis for Ripple coin. According to technical analysis, the euro has created a “double bottom,” a powerful bullish indicator that suggests future upward movement.
EGRAG CRYPTO, another popular analyst, pointed out that XRP’s consolidation zone has changed into a supply zone, which might signal the start of a big market push.

Furthermore, using “Fibonacci levels” to suggest possible highs of up to $20 in the near future, analysts have set aggressive price goals for XRP. The market is feeling more optimistic as a result of a well-known trader named Mikybull Crypto expressing confidence that XRP is poised for a “explosive rally.”
Ripple vs. SEC Showdown 
This market optimism is framed by the ongoing legal dispute between the Securities and Exchange Commission (SEC) of the United States and Ripple. The SEC’s claims of XRP sales breaches are at the heart of the dispute, which has now moved into its last phase with a trial that started on April 23.
The company contended that the punishment should be limited to $10 million, but the SEC had earlier this year proposed a hefty $2 billion charge against Ripple.
Stuart Alderoty, chief legal officer of Ripple, expressed optimism that the trial would be fairly resolved, which might have a big impact on XRP’s market performance.
On the other hand, Ripple’s CTO projected that XRP’s price may rise by 1500% if the case is won, a scenario that many prominent analysts think might spark a huge post-resolution rally.
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#XRP #Ripple

Despite recent setbacks and a difficult regulatory climate, Grayscale and BlackRock are moving forward with their Ethereum ETF applications.Ethereum’s price is optimistic right now, indicating confidence even in the unlikely event that an ETF is approved.
Both BlackRock and Grayscale Investments are continuously updating their applications for a spot Ethereum ETF. These actions coincide with reluctance on the part of the Securities and Exchange Commission (SEC) and a general assumption of denial.
Grayscale and BlackRock Move Forward: Updates on Their Ethereum ETF Applications
The first cryptocurrency fund manager, Grayscale, just submitted an S-3 registration statement on April 23. In order to transform its current Grayscale Ethereum Trust into a spot exchange-traded fund (ETF), this filing is a crucial first step.
In keeping with Grayscale’s intention for a mini Bitcoin ETF, they have also filed for an S-1 registration for a mini Ethereum ETF. Still awaiting SEC approval, though, are these cutting-edge financial products, in line with what ETHNews previously disclosed.
NYSE Arca has been actively supporting Grayscale’s goals at the same time, as seen in its previous Form 19b-4 filing. This collaborative effort demonstrates the industry’s commitment to integrating Ethereum more centrally into the trading space.
BlackRock has also been working on another front. The financial titan made changes to its iShares Ethereum Trust Nasdaq registration. In contrast to conventional in-kind procedures, the amendment proposes cash-based creation and redemption processes.
By aligning the fund with other Ethereum ETF applications and previously approved spot Bitcoin ETFs, this strategic move seeks to potentially establish a new benchmark for cryptocurrency ETF operations.
Even with these developments, public opinion toward Ethereum ETF approval is still largely negative.
Due to doubts regarding the ETF’s short-term viability in the U.S. market, Bloomberg ETF analyst Eric Balchunas recently lowered the likelihood of approval to a startling 25%.
Furthermore, by May 31st, the betting platform Polymarket predicts an 11% likelihood of SEC approval.
The Most Recent Price Trends for Ethereum
The Bitcoin market is reflecting this cautious mindset. The ETH price is currently $3,251.17, according to the most recent data from CoinMarketCap. It has increased by 2.82% over the previous day.
With a 5.46% increase over the last week, Ethereum has demonstrated a positive tendency. This illustrates the market’s tenacious confidence in the face of regulatory uncertainty.

It’s interesting to note that the CEO of Coin Bureau believes there may be benefits to the delays in ETF licensing.
The argument is based on the traditional banking sector’s lackluster interest in cryptocurrencies, which suggests that a more gradual and methodical approach could prevent the market from becoming oversaturated too soon.
The public and investors are keeping a tight eye on the SEC as it prepares to reach a decision in May.
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#EthereumETF #ETH

The Solana network successfully resolves its congestion and block production problems, marking a significant improvement in its performance. Additionally, financial analyst Raoul Pal has provided an optimistic prediction for the price of SOL.
Solana’s price has risen by more than 2% today, indicating renewed investor confidence in the cryptocurrency. This surge aligns with the resolution of long-standing congestion issues on the Solana network, promising smoother transactions and improved network performance.
Solana Resolves Congestion: Instant Confirmations
The Solana community celebrates a major victory as SolanaFloor announces the successful resolution of long-standing congestion issues plaguing the Solana network. After grappling with repeated instances of congestion causing transaction failures and user dissatisfaction, SOL’s block production has returned to normalcy, with transactions now confirming in under two seconds.
This achievement marks a significant turnaround for Solana, which had been grappling with mounting challenges in recent months due to persistent network congestion, leading to project delays and investor frustration.
The journey to resolving SOL’s congestion woes has been challenging, characterized by numerous attempts and solutions from the Solana development team and community contributors. Despite initial efforts, such as solutions proposed by developers like Anza and upgrades like Stake Weighted Quality of Service (SWQOS), network congestion persisted.
However, with the latest breakthrough, involving intensive technical refinements, Solana is poised to reclaim its status as a high-performance blockchain capable of processing thousands of transactions per second (TPS).
Raoul Pal Bullish on Solana Price: Predicts $800 to $1200 Range
Real Vision CEO Raoul Pal has shared optimistic forecasts for Solana’s price in the near future. In a recent interview, Pal projected a price range of $800 to $1200 for Solana, expressing confidence in its growth potential. He even speculated a surge to $2000 during a full bubble cycle, emphasizing the significant opportunity presented by SOL. Pal’s bullish outlook mirrors broader market sentiment, with investors anticipating a positive trajectory for Solana following its recent breakthrough.

Amidst these developments, Solana’s price has risen by 2.37% to reach $157.92 at the time of writing. Its trading volume over the last 24 hours has surged by 24.17% to $3.13 billion. Notably, the cryptocurrency has recorded a 24-hour high of $159.94 and a low of $153.74, indicating dynamic market activity surrounding SOL.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #SOL

ADA has experienced a surge in activity recently, particularly in the number of large transactions. In just 24 hours, an astounding 25 billion ADA tokens were transferred.
This notable on-chain activity correlates with ADA’s price movements, prompting a closer examination of the on-chain metrics and their potential implications for the asset’s future.
Analyzing On-Chain Data: Surge in Large Transactions for ADA
Delving into the on-chain data reveals a significant uptick in the number of large transactions involving Cardano (ADA). Such spikes often indicate substantial movements of wallets by whales or institutional players, signaling potential preparation for market shifts, whether bullish or bearish. The volume of large transactions, reaching a peak of 27.67 billion ADA recently, underscores the magnitude of this activity.

Simultaneously, ADA’s price chart tells a compelling story. Following a period of decline, ADA has been making efforts to recover, hovering around the 50-day Exponential Moving Average (EMA) situated at approximately $0.5. However, it has struggled to achieve a decisive breakthrough, reflecting the ongoing uncertainty in the market.
ADA at Critical Juncture: Testing Key Resistance Levels
As ADA hovers just below the crucial 50-day Exponential Moving Average (EMA), all eyes are on whether it can muster the momentum to surpass this critical level. A successful breakthrough could pave the way for ADA to encounter the next resistance at around $0.55, aligning with the heightened on-chain activity observed.
Conversely, failure to breach the 50 EMA barrier may prompt ADA to revisit the support near $0.49, representing a recent low that could serve as a launching pad for another upward move.
The trajectory of ADA’s future hinges on the interplay between on-chain activity and market sentiment. However, the current market appears to be taking a pause before resuming its upward trajectory. There’s hope that the decrease in liquidity and volatility as the weekend approaches won’t result in a significant price downturn.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Cardano #ADA