BRC-20 Marketplace, Creator Take Opposing Positions on Proposed Network Upgrade
A potential conflict emerged in the Bitcoin developer community on Tuesday after UniSat, one of the largest marketplaces for BRC-20 tokens, said it will follow a proposed change in the standard that's opposed by Domo, its pseudonymous creator.
UniSat will "follow the Ordinals Jubilee upgrade, to confirm that BRC-20 is still on Ordinals without splitting into an isolated protocol," it said in a post on X (formerly Twitter).
BRC-20 is a token standard on the Bitcoin network introduced last April that allows users to issue transferrable tokens in the form of inscriptions on small denominations of BTC. The tokens, also known as inscriptions, function on the Ordinals Protocol.
UniSat's stance could lead to conflicting BRC-20 standards. In October, Domo suggested BRC-20 should not follow the upgrade of the Ordinals protocol, but be frozen at version 0.9.
In response to UniSat, Domo said: "I believe rushing these updates in BRC20 is reckless, disregards their peer indexers, and could potentially harm the broader community of BRC20 users."
Recognizing the serious implications and valuations involved, I believe rushing these updates in BRC20 is reckless, disregards their peer indexers, and could potentially harm the broader community of BRC20 users. The 0.8/0.9 incident highlighted the complexities of integrating… https://t.co/RccP7bYdVY
— domo (@domodata) January 2, 2024
Unisat said its actions would constitute not a fork, but a "split."
"A 'split' here refers to that A (brc-20 freezed at 0.9) & B (Ordinals Jubilee) are splitting into different sets with different rules, but still residing in a same physical blockchain, intertwined with each other," the marketplace posted on X.
A split is "much more hard to deal with than a 'fork,'" it said. With a split, the two forms can become "intertwined with each other, which open the Pandora’s box of numerous cross-affecting cases."
Read More: Bitcoin Ordinals Token Ecosystem Emerges as Latest Crypto Play, Led by ORDI Hype
In today's article, we will focus on why the technology on #Arbitrum is so exceptional and why so many projects are being built on it. It can be expected that Arbitrum has a truly great future ahead, and we will look at the main reasons why this is the case. Arbitrum is a blockchain technology designed to improve the scalability and efficiency of #Ethereum , a leading platform for smart contracts. Arbitrum achieves its goals through a technique called "rollups," which allows transactions to be processed off the main Ethereum blockchain ("off-chain") and then submits only summarized data back to the main network ("on-chain"). Here's how it works: 1. Off-Chain Computations: Transactions and computations are carried out off the main Ethereum blockchain in an "off-chain" layer. This means that instead of every transaction being processed and verified by all participants of the Ethereum network, these steps are carried out off the main network. 2. Rollups: The rollup technique summarizes the results of these transactions into a single data packet, which is then sent back to the Ethereum blockchain. This significantly reduces the amount of data that needs to be processed and stored on the main network, increasing its scalability and efficiency. 3. Security and Consensus: Although most transactions occur off-chain, the security of #ARB rollups is still ensured by the security of the Ethereum blockchain. This means that even though transactions are carried out off-chain, the final consensus and confirmation still depend on the Ethereum network. 4. Interoperability with Ethereum: Arbitrum is designed to be fully compatible with Ethereum. This means that developers can easily migrate existing smart contracts from Ethereum to Arbitrum without needing significant code modifications. 5. Price prediction: With Michaël van de Poppe’s bullish perspective and Arbitrum’s current trajectory, the crypto community keenly observes the token’s progress. The anticipation revolves around whether Arbitrum can sustain its growth and achieve the projected $2 milestone in short term. Arbitrum’s recent surge and the projections by Michaël van de Poppe highlight a moment in the cryptocurrency market. Near term target $5 and 2024 target $10-15. Thanks to these features, Arbitrum enables faster and cheaper transactions without compromising the security and decentralization provided by the Ethereum network. This makes it an attractive choice for developers and users looking for more efficient solutions for executing smart contracts and blockchain-based applications. 💥If this article caught your interest, don't forget to follow us and give a like. Throughout this year, we will bring you the most interesting analyses and tips to help you get rich🐳
What Happened When the Price of Tellor (TRB) Crushed by 150% Shocked the Market
Tellor (TRB) has been on a rollercoaster ride over the past twenty-four hours, with its price seeing a rise and a dip that is akin to that of price manipulation. As a consequence of this, the cryptocurrency had a meteoric rise to more over $600 in the late hours of 2023 before plummeting to $137. Data from CoinGlass indicates that over this time period, TRB had a greater number of liquidated holdings than any other cryptocurrency. Whales exited both long and short positions in response to rumors of manipulation being spread about the cryptocurrency. Transactions in the TRB Price and Liquidation Since the beginning of the month, TRB has been seeing a consistent increase in rate of pricing. According to data provided by Coinmarketcap, this spike was most pronounced on December 31, when it caused the cryptocurrency to reach a new all-time high of $602 and a 1000% increase in trading volume. The price of TRB, on the other hand, dropped to $139, indicating that this price rise did not endure for more than a few hours. TRB was the market leader in terms of liquidations on both long and short positions as a result of the price volatility we experienced. CoinGlass reports that the cryptocurrency market experienced a total of $227 million in liquidated positions during the course of the previous twenty-four hours. TRB led the pack with $73.93 million, which is rather remarkable for an altcoin with such a little market value. Ethereum and Bitcoin came in second and third, respectively, with liquidated holdings valued $24.7 million and $22.74 million. The following drop has been linked to price manipulation on the part of the Tellor team, despite the fact that the reason for the spectacular price surge is yet unknown. Lookonchain made a message on X (which was formerly known as Twitter) stating that the Tellor team deposited 4,211 TRB on Coinbase, which is equivalent to nearly $2.4 million, as the price of the cryptocurrency surged. In the previous twenty-four hours, the price of $TRB has fluctuated between $600 and $137, resulting in the liquidation of $68 million worth of assets. This makes it the token that has been liquidated the most. After the price of TRB surged, we learned that the #Tellor team had deposited 4,211 TRB, which is equivalent to $2.4 million. When it comes to the cryptocurrency sector, price manipulation is certainly not a new phenomena, particularly among cryptocurrencies with little market capitalization. Due to the fact that TRB had a drop in the hours following the transfer into Coinbase, investors are now questioning whether or not the team would engage in a selloff. With that being said, this is still a matter of conjecture at this moment. Tellor is a decentralized oracle network that feeds blockchain-based smart contracts with real-world data. The utility token for Tellor is called TRB. A significant portion of the year was spent with TRB trading at or below $15. During the month of September, things began to heat up as the cryptocurrency began to display a very high amount of volatility at this point in time. By the middle of September, TRB had already begun a persistent price climb, which culminated in the cryptocurrency reaching $140 on November 9th. Following the occurrence of this milestone, the price saw a decline throughout the month, culminating in a price of around $77 at the end of November. There was a shift in momentum throughout the month of December, with price action showing a consistent increase from the beginning of the month was seen. As this article is being written, TRB is trading at $191, which is still a 143% increase over a period of thirty days. #TRB #crypto2024 #koinmilyoner $TRB
Top 3 Cryptocurrencies Under $2 That Could Reach $25 in 2024
The cryptocurrency market seems to be facing a slight correction right now. However, this may soon change as we enter the new year. Many investors and analysts believe 2024 will be a lucrative year for the crypto market. Some even say we may enter a 2021-like bull run, given that the US SEC (Securities and Exchange Commission) approves a spot Bitcoin (BTC) ETF (Exchange Traded Fund). Moreover, BTC will undergo its next halving cycle in April, which may further push the asset’s price. BTC reaching a new high could potentially bring forth another bull run. If we enter another bull run, other cryptocurrencies may also hit new all-time highs.Without further ado, let’s look at three cryptocurrencies under $2 that could reach $25 next year.Top 3 cryptocurrencies under $2 that could hit $25Polygon (MATIC):Source: MediumPolygon (MATIC) recently surpassed the $1 mark for the first time since April. However, the asset’s price has fallen below $1 again. Despite the correction, MATIC is still up by over 30% over the last month.MATIC is one of the most popular networks out there. If we enter a bull run in 2024, the asset may surge to new highs and breach the $25 mark.XRP:Source – Bitcoin.comRipple’s XRP is one of the most popular cryptocurrencies in the market. However, the asset’s legal status remains uncertain, given that its lawsuit with the SEC has entered the US high court. Ripple received a favorable verdict in the district court, and many anticipate a similar ruling from the high court.If Ripple wins in the high court, XRP’s price may skyrocket. Moreover, a bull market will push the token even further.Cardano (ADA):Source – R7Cardano is another popular cryptocurrency that could surge to new highs in 2024. The project is known for its developmental activity and is a strong contender to Ethereum (ETH). There is a possibility that ADA will breach the $25 mark if we enter a bull run in 2024.#BTC #crypto2024SpaceCatch
Segundo alguns especialistas, as três criptomoedas com maior potencial de crescimento para 2024, além do BTC e ETH, são:
1. Solana (SOL): uma criptomoeda que se destaca pela sua alta velocidade, baixo custo e escalabilidade, capaz de processar milhares de transações por segundo.
2. Polygon (MATIC): uma criptomoeda que oferece uma solução para os problemas de congestionamento e custos da rede Ethereum, permitindo a criação de aplicações descentralizadas (dApps) mais acessíveis e eficientes.
3. Cardano (ADA): uma criptomoeda que se baseia em uma abordagem científica e acadêmica para desenvolver sua plataforma, buscando ser mais sustentável, escalável e interoperável.
Essas são algumas das criptomoedas que podem ter uma boa performance em 2024, mas lembre-se que o mercado de criptomoedas é volátil e sujeito a riscos. Antes de investir, faça sua própria pesquisa e avalie seus objetivos e perfil de investidor.
3 Most Promising Altcoins to Buy in 2024 for 300% Gains
As 2023 draws to a close, the crypto market is witnessing significant gains: Bitcoin has surpassed the $43,000 mark, while Ethereum remains stable. This upward trend is driven by positive market sentiments, spurred on by the anticipation of a Bitcoin spot exchange-traded fund in 2024 and the possibility of interest rate cuts – both are adding to the optimism. Analysts are upbeat, predicting a strong uptick not just for Bitcoin but for the entire digital asset landscape as we edge into 2024.
In this dynamic environment, four alternative cryptocurrencies – Maverick Protocol (MAV), Sei (SEI), Polygon (MATIC) and ScapesMania – are gaining attention for their potential to yield significant returns by 2024. Each altcoin stands out with its own cool features, and because they're showing promise to grow big, traders who want to mix things up in their portfolio are eyeing them as smart picks.
Ride The Wave Of Innovation With ScapesMania
While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal.
Presale is Live Now – Join Now for a Chance to Benefit with MANIA
Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.
Maverick Protocol (MAV), operating as a decentralized exchange (DEX) that leverages an automated market maker (AMM), has significantly expanded its reach across the Ethereum mainnet, zkSync, and BNB Chain – this expansion is highlighted by the impressive growth of its Dynamic Distribution AMM which has seen trading volumes surpass $2.5 billion.
Currently, Maverick Protocol’s (MAV) price fluctuates between $0.294 and $0.449. The 10-day moving average stands at $0.398, while the 100-day moving average is at $0.351. Critical support levels are identified at $0.054 and $0.209 and resistance levels are at $0.519 and $0.674.
Maverick Protocol's (MAV) fresh take on decentralized finance (DeFi) is turning heads, but to really spike its value, they'll need to stay ahead of the tough market trends and fierce competition in their sector.
Sei (SEI): Capturing the Altcoin Spotlight with a Significant Surge
Recently, Sei (SEI) experienced a notable surge, increasing by 50% and outshining many leading cryptocurrencies, which has brought it into the spotlight, indicated strong market interest, and hinted at the possibility of further expansion.
As of now, Sei (SEI) is trading within a price range of $0.361 to $0.403. Its 10-day moving average stands at $0.366, closely followed by the 100-day moving average at $0.367. The support levels for Sei (SEI) are currently at $0.304 and $0.346, while it faces resistance at $0.43 and $0.471.
The recent market trends reinforce the upward trend of Sei (SEI) – maintaining this positive momentum could lead to additional increases in its value. However, one should remember that all cryptocurrencies, including Sei (SEI), are subject to risks such as market volatility and potential regulatory changes that could affect their future growth.
Polygon (MATIC): Navigating the Impact of Whale Movements
Polygon (MATIC) has experienced significant fluctuations due to whale activities, most notably a major transaction where 26 million MATIC tokens were transferred to Coinbase.
Currently, the price of Polygon (MATIC) moves between $0.592 and $0.957. The average price over the last 10 days stands at $0.825, while the 100-day moving average is $0.683. Key support levels are set at $0.057 and $0.422, with resistance levels at $1.151 and $1.516.
Considering the large-scale transactions and the market's overall sentiment, Polygon (MATIC) shows potential for price growth; however, the market's unpredictability, fueled by whale activities and inherent volatility, makes future price trends uncertain. The future trajectory of Polygon's (MATIC) price will be influenced significantly by market sentiment and ongoing technological developments within the platform.
Conclusion
Bitcoin and Ether are paving the way for a potentially bullish 2024, highlighting Maverick Protocol (MAV), Sei (SEI), Polygon (MATIC) and ScapesMania as standout altcoins with significant promise. These cryptocurrencies stand out, each bringing their own flair of innovation and knack for riding the waves of market trends: MAV is revolutionizing the DEX space with its groundbreaking approach, while ScapesMania is charting new territory with bold innovations; SEI has recently captured attention with its impressive surge, and MATIC adeptly navigates the challenges of significant market fluctuations. Peering into 2024, it's possible these cryptos could hit a massive 300% growth, reflecting a wave of investor trust and the dynamic advances shaping the crypto landscape.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
✅Tokens for AI: three cryptocurrencies that you can buy on Binance and that can rise 100 X faster✅
🧠The Graph (GRT)
🔎Blockchain data indexing protocol Graph is open-source. Developers may search and access Ethereum, IPFS, and other blockchain data using it. Its decentralized and scalable blockchain data access infrastructure makes the Graph stand out in many sectors.
🧠Ocean Protocol (OCEAN)
🔎Ocean Protocol, another potential AI crypto coin, aims to decentralize data sharing. It enables data providers to monetise their data while protecting privacy and security to make it more accessible and useful. Ocean Protocol leverages blockchain and AI to create intelligent data markets and safe and transparent data sharing. The protocol lets users manage data access and earn tokens by sharing their data.
🧠SingularityNET (AGIX)
🔎SingularityNET is a decentralized AI marketplace that connects developers, corporations, and users. It seeks to democratize AI by making it more accessible and facilitating the production of AI-powered applications that benefit society. Blockchain and AI technologies enable transparent and secure transactions and decentralized intelligent agent interaction in SingularityNET.
🤖AI crypto tokens might transform businesses by offering new capabilities and solutions. AI crypto assets like The Graph, Ocean Protocol, and SingularityNET offer distinct selling factors and growth potential.
✅Tokens for AI: three cryptocurrencies that you can buy on Binance and that can rise 100 X faster✅
🧠The Graph (GRT)
🔎Blockchain data indexing protocol Graph is open-source. Developers may search and access Ethereum, IPFS, and other blockchain data using it. Its decentralized and scalable blockchain data access infrastructure makes the Graph stand out in many sectors.
🧠Ocean Protocol (OCEAN)
🔎Ocean Protocol, another potential AI crypto coin, aims to decentralize data sharing. It enables data providers to monetise their data while protecting privacy and security to make it more accessible and useful. Ocean Protocol leverages blockchain and AI to create intelligent data markets and safe and transparent data sharing. The protocol lets users manage data access and earn tokens by sharing their data.
🧠SingularityNET (AGIX)
🔎SingularityNET is a decentralized AI marketplace that connects developers, corporations, and users. It seeks to democratize AI by making it more accessible and facilitating the production of AI-powered applications that benefit society. Blockchain and AI technologies enable transparent and secure transactions and decentralized intelligent agent interaction in SingularityNET.
🤖AI crypto tokens might transform businesses by offering new capabilities and solutions. AI crypto assets like The Graph, Ocean Protocol, and SingularityNET offer distinct selling factors and growth potential.
💵With 6 Altcoins on Binance, you can catch 50x in the Bull Run💵
🚀I believe the crypto market cycle has moved past incredulity and into the “hope” phase in recent months. Investors are finally recovering from bear market PTSD, and anticipation for another bull run is rising.
Chainlink Initial Call: $6.50, Current: $15.00 (+135%), M/C $8.5B Link is crypto's premier infrastructure play with significant interconnections. High return, little risk. Their CCIP interoperability protocol will transform blockchain communication.
Polygon Initial Call: $0.87, Current: $0.85 (-2.5%), M/C $8B Markets underestimated Polygon 2.0. Since its early year run-up, MATIC's price movement has been underwhelming. I shifted some winnings from other bets into MATIC in expectation of an ETH and L2 rebound with Polygon 2.0. Strong support for a prudent 10–15X bull run.
Fantom [$0.37, $0.49 (+30%), $1.3B M/C] Fantom has one of the greatest tech stacks of any EVM chain, however the Multichain bridge hack hampered it. After a setback, it rebounded and is showing signs of recovery. Fantom might grow 20X if it gains traction.
IMX (Initial $0.76, Current $2.25 (+193%), M/C $1.3B) The premier gaming infrastructure currency that has advanced rapidly toward broad acceptance. Their IMX zkEVM with Polygon will revolutionize crypto-game integration. I've made some minor profits on this one to fund private sales, but I'm mostly in it for the long term. Looking for 10–15X from here.
Polkadot (Legacy hold, $4.60, Current $7.96 (+73%), M/C $10.5B) I have been waiting for a crowdfunding-locked chance to lower my legacy DOT position. After the recent DOT inscription frenzy, I'll need to re-research before making a decision before the tokens appear in January. On hold.
Near Protocol | Initial $1.67, Current $3.40 (+103%) | M/C $3.4B The promise of NEAR as a cheap and fast Layer 1 replacement is emerging. DAU and TVL are growing swiftly, and native sharding, Javascript development, and fast finality and transaction speed are amazing. Target 10–15X
Those who picked right alts early in last bull run made a fortune:$BNB +30,000%$DOGE +40,000%$MATIC +45,000%$SOL +50,000%Don't wanna miss 500X this bull run?Here're 10 rules to spot next gems 🧵1/➮ Avoid tokens with frequent unlocks and low cirrculating supply:Simple rule of economics: price is determined by balance between supply and demand...Increasing supply without a corresponding increase in demand clearly leads to a price decrease.2/➮ Avoid tokens where entry price for VCs/angels is significantly lower than yours:If investors' tokens unlock is approaching and token is trading at 100X from their entry point, it's evident they will sell their bags, dumping the price, so it's not the best token to buy.3/➮ During bull run, participate in ICOs:Buying tokens pre-listed, while price hasn't been established yet, often results in many Xs on green market.Few cases:$NEO ICO - $0.03, Peak price: $180$NTX ICO - $0.0000168, Peak price: $2.1$ETH ICO - $0.31, Peak price: u know4/➮ Always check the market cap and compare it with others:If MC is too big, token won't give many gains, $DOGE, for example can't hit x200 cause it'd make its MC $2+ trillionTo figure out what MC's big, go to website and compare token with others.5/➮ First, predict the narrative, then choose the token:In crypto, when smth grows it's the entire narrative that rises, not just one tokenSo, prioritize predicting the narrative first, and then pick tokens from within it6/➮ Evaluate the VCs behind a project:VCs influence token prices, and they can either boost it or bring it down.Look for tokens mainly invested in by Tier 1 VCs.7/➮ Don't buy old altcoins; new bull run = new alts:Old altcoins have already peaked, settled at a high market cap, and have lived their cycle; faith in them is lost, and they've become outdated.$DOGE definitely won't give 100X, but some new memecoin - definitely.8/➮ Evaluate utility; don't buy just a ticker:Understand the practical value of the token you're investing in; confirm its merits and potential for ecosystem or community expansion.If it's merely an inflated ticker without substance, it'll burst as quickly as it inflated.9/➮ Always check the price history and chart:If a token has already experienced a significant pump and has settled down, the chances of it delivering substantial gains again are lower compared to a token that hasn't pumped/dumped much or hasn't been listed yet.10/➮ Explore and utilize helpful tools:Various tools can simplify ur work significantly.#BinanceTournament #BTC #safu #Web3Wallet #etf $BTC
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