Ethereum Cancun-Deneb (Dencun) upgrade, explained Dencun, an amalgamation of two separate upgrades — Deneb and Cancun — tackles both Ethereum’s consensus and execution layers in a single upgrade. Technically a hard fork in blockchain terminology, the upgrade rolled out at Ethereum epoch 269,568 at 1:55 pm UTC and finalized at 2:10 pm. The upgrade is set to significantly slash the transaction fees of layer-2 solutions and boost the scalability of Ethereum.The objective of the Deneb upgrade is to augment the consensus layer, which deals with how network participants agree on the state of the blockchain. Cancun, on the other hand, improves…
Author: Web3 Daily Press Staff
PancakeSwap, a leading decentralized exchange (DEX), has announced the launch of PancakeSwap v4, marking a significant advancement in the world of Automated Market Makers (AMMs). This latest iteration, set to operate on both the Ethereum and Binance Smart Chain (BNB Chain), represents a notable milestone in the platform’s evolution.Since its inception as a simple AMM model in 2020, PancakeSwap has rapidly transformed into a prominent multichain DEX, boasting impressive achievements along the way. With a total volume reaching 711 billion, 1.8 million active users, and over 2.24 billion total value locked, PancakeSwap has solidified its position as a key player…
According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in the last 24 hours and dipped to $65,565 during trading hours. Ethereum (ETH) also retraced more than 5% to around $3,566 before recovering slightly at press time. The total crypto market fell to $2.6 trillion, down 4% on the day, per CoinMarketCap. Crypto market…
Litecoin (LTC) has witnessed a significant drop, falling below the $100 mark, stirring discussions among investors and market analysts. This decline comes after a brief period of optimism where LTC saw its value surge past $100, hitting a 10-month high on 12th March. However, with the bears seizing market control, the LTC price has retracted to an intra-day low of $84.35, where support was established before rebounding to $85.77 at press time. The 24-hour trading volume for Litecoin, up 64%, stands at a substantial $1,048,548,265, highlighting the vibrant activity surrounding this cryptocurrency. LTC/USD 24-hour price chart (source: CoinMarketCap) Concurrently, the…
Dubai, UAE, March 15, 2024 (GLOBE NEWSWIRE) — The cryptocurrency market is no stranger to intense competition and innovative disruptors. Shiba Inu (SHIB), once hailed as the “Dogecoin killer,” is now facing its own contender: Shiba Budz (BUDZ). This new rivalry has set the stage for a fascinating showdown within the meme coin sector, where both tokens vie for dominance and investor interest. Let’s delve into the unique attributes and strategies of Shiba Budz (BUDZ) and how it aims to distinguish itself from its competitor, Shiba Inu (SHIB). A Fresh Face in the Meme Coin Market: Introducing Shiba Budz (BUDZ) Shiba Budz…
The cryptocurrency market is witnessing a surge in funding and investor sentiment. Bitcoin (BTC) is leading the market with a 9% rally in the daily charts. The original cryptocurrency has reclaimed the $56k price point, a level last seen in late 2021. VeChain (VET) and other altcoins are following BTC’s trajectory. VET’s price has surged by 3.2% in the daily charts, 10.8% in the weekly charts, 56.6% in the 14-day charts, and 73.5% over the previous month. Moreover, VET’s price has risen nearly 75% since February 2023. Also Read: VeChain: How Much VET Do You Need to Make $1 Million…
Tether USDt (USDT) gets a bearish rating from InvestorsObserver Friday. The Stablecoins asset is down 0.09% to $0.9994295831 while the broader crypto market is down 7.42%. Tether USDt has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Tether USDt! The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip. Tether USDt price is trading near support. With support set around $0.998765576226377 and resistance at $1,…
SafeMoon Inu receives a weak short-term technical ranking of 2 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SMI has a superior recent technical analysis than 2% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto. InvestorsObserver is giving SafeMoon Inu a 2 Short-Term Technical Rank. Find out what this means to you and get the rest…
As the cryptocurrency market continues to evolve and gain momentum, investors are closely monitoring the performance of various digital assets, seeking opportunities for significant returns. In recent weeks, notable cryptocurrencies like Polkadot (DOT), Avalanche (AVAX) and Bitcoin (BTC) have captured the attention of traders and analysts alike with their price movements and potential for growth.Meanwhile, Polkadot (DOT) and Avalanche (AVAX) bulls eye 50X returns in Raffle Coin (RAFF) presale after Bitcoin (BTC) forms a new ATH above $72K. These happenings are creating a lot of excitement among crypto enthusiasts as they watch out for more gains.Polkadot (DOT) Holds Steady Amidst…
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