Kategorie: Ethereum News

• zkLink has unveiled Nexus, a Layer-3 platform for seamless Ethereum Layer-2 integration.
• Nexus ensures security with zk-SNARKs, adaptive liquidity rebalancing, and a unified SDK for easy dApp deployment.
• Nexus was unveiled at the Layer-3 Summit during Devconnect in Istanbul, Turkey.

Blockchain solutions developer zkLink has unveiled Nexus, a groundbreaking Layer-3 (L3) platform designed to enhance the Ethereum ecosystem’s scalability, reduce gas costs, and provide unparalleled customizability for decentralized applications (dApps).

This development addresses the persistent challenge of liquidity fragmentation within different zk-Rollup Layer-2 (L2) ecosystems.

Bridging the gap in Layer-2 ecosystems

Nexus serves as a vital infrastructure layer, offering a unified trading layer for Ethereum’s Layer-2 protocols. Developed to seamlessly integrate with popular L2 solutions like zkSync, StarkNet, and Polygon zkEVM, the platform allows dApp developers to deploy their products across multiple Layer-2 protocols effortlessly. This eliminates the need for separate integrations, simplifying the process for developers.

Nexus boasts features such as security inherited from Ethereum through zk-SNARKs, adaptive liquidity rebalancing, and a developer-friendly interface with a unified software development kit (SDK). The platform introduces cross-L3 composability, enabling token transfers between different zkLink Rollup instances. Noteworthy is the efficient proof systems without a trusted setup, ensuring faster and more cost-effective solutions.

zkLink specializes in zero-knowledge powered blockchain solutions, with its flagship Layer-3 platform, Nexus, designed to address liquidity fragmentation, enhance security, and improve scalability in the Ethereum ecosystem.

As developers continue to seek efficient and customizable solutions for decentralized applications, Nexus emerges as a significant player in bridging the gap among different Layer-2 ecosystems.

The post zkLink launches Nexus, a Layer-3 solution for seamless Ethereum Layer-2 integration appeared first on CoinJournal.

The cryptocurrency space has been dominated recently by Ethereum, and it’s not difficult to understand why. ‘Uptober’ eventually lived up to its reputation as Ethereum led the crypto market out of bearish terrains. Now, in November, traditionally Ethereum’s most fruitful month, the token is regularly setting new annual highs.

As experts steer towards a likely $4k milestone for Ethereum, a related project – ETH20 – is making strides during its presale. Before we delve into Ethereum’s outstanding performance, let’s explore the blossoming potential of the ETH20 token.

ETH20 Token – Capitalizing on Ethereum’s ETF Progress

November 9th witnessed an unusual 12% surge in Ethereum’s price within 24 hours. This significant jump, the most significant in over half a year, was prompted by a small progression in BlackRock’s Ethereum ETF application. The ticker for BlackRock’s spot Ethereum ETF simply got listed on the Depository Trust & Clearing Corporation’s website, enough to trigger a considerable price pump for Ethereum.

The ETH20 token seems well-positioned to capitalize on these gains. If this small news could trigger such a pump for Ethereum, it’s exciting to imagine what it could do for a token like ETH20. As every bit of progress is made with BlackRock, or any Wall Street company’s Ethereum ETF application, ETH20 is likely to benefit. The token’s presale, still in its early stages, has already raised over $2.5 million, indicating rising interest.

Buy ETH20 Token Now

Ethereum Alternatives: ETH20’s Added Utility

While ETH20’s success appears closely tied to Ethereum, it has put in place mechanisms to become a valuable token in its own right. Staking forms the core of the ETH20 ecosystem, promising potential passive income for investors. An impressive 65% of the total allocation of ETH20 is dedicated to staking, allowing investors to start immediately upon purchasing their tokens.

The project also cleverly leverages scarcity, a characteristic that becomes increasingly valuable in the crypto market over the years. As the project reaches various milestones, a certain proportion of the tokens will be bought back and burn until the goal is attained. The project also includes ETH20 Avatar NFT rewards, offering free minting for early investors who purchase $200 worth of tokens, an enticing passive income opportunity.

Buy ETH20 Token

Ethereum’s Promising Outlook

Ethereum’s price performance over the last 30 days has been nothing short of phenomenal, delighting not just its investors but the entire crypto community. Given that we’re midway through November, traditionally Ethereum’s most profitable month, it’s reasonable to expect Ethereum breaking the $4k mark.

With Bitcoin’s next halving event just a few months away, it seems plausible that $4k may just be a stepping stone for Ethereum on its path to achieving a new record high. Some experts even believe that Ethereum might experience such a massive breakout that it enters the mainstream consciousness – a prediction that we find compelling.

Conclusion

Ethereum’s outlook appears more promising than ever, and its related project, ETH20, mirrors this positive trend. ETH20 has excelled in its presale and looks set to deliver substantial returns for investors upon its listing. As Ethereum continues to dominate the crypto space, projects like ETH20 that leverage its progress and offer additional utility shine brightly, hinting at a prosperous future for investors.

Visit ETH20 Presale

The post ETH20 Thrives in Presale As Ethereum Is Forecast to Soar to $4k, Say Experts appeared first on CoinJournal.

Grayscale’s Chainlink Trust Shares recently appreciated by 200%, igniting a buying trend among LINK bulls. Also, Blackrock’s spot Ethereum filing triggered a surge in the price of Ethereum (ETH). 

Meanwhile, BorroeFinance ($ROE) leads top DeFi projects with a remarkable presale performance.

Let’s find out which is the best cryptocurrency to invest in.

Grayscale’s Chainlink Trust hits $44: can LINK touch $20?

On November 9, Grayscale revealed a significant development in its Chainlink Trust Shares via its official website. According to the company, its Chainlink Trust Shares increased by a 200% premium. This comes as Chainlink (LINK) makes remarkable chart upside moves.

ChainLinkGod, a LINK fan and X user commented on the development around the Chainlink Trust. He said the commodity is the first security whose movement aligns with LINK and draws strength from the token. 

The Chainlink Trust Shares’ connection to LINK makes it possible for investors to invest in LINK without making an actual purchase.

Lately, Chainlink (LINK) has been in an uptrend, gaining 24.36% between November 6 and November 10. This rally saw LINK rise from $12.23 to $15.21. Meanwhile, experts remain bullish on Chainlink, with their recent prediction seeing LINK attain the $25.00 region in the long run.

This projection indicates an anticipated 9.79% increase in the price of LINK.

Ethereum rises 10% amid Blackrock Spot Ethereum ETF news

On November 9, ETF analyst James Seyffart called attention to a recent spot Ethereum ETF filing by Blackrock. 

James noted on the X platform that the firm confirmed the ETF application with Nasdaq, bearing serial number 19b-4. The news traversed the crypto community, sparking excitement among Ethereum (ETH) users.

This development tipped Ethereum (ETH) into a rally. Ethereum (ETH) experienced a value surge between November 6 and November 10, bouncing from $1891.71 to $2085.14. This jump portends a 10.23% boost in the market value of Ethereum (ETH).

Another factor behind this surge is a recent network development. According to on-chain analytic firm Santiment, small addresses holding 0.1 ETH and less had risen to 100,000 for the first time. Likewise, wallets holding from 10 to 10,000 ETH also went up.

Experts noted in their Ethereum price prediction that ETH could push further to $2,500, moving at its current pace. This suggests a potential 4.82% rally in the price of ETH.

BorroeFinance outperforms leading cryptocurrencies in its presale

BorroeFinance ($ROE) has been making waves on the crypto scene since its birth. The new DeFi project caught the eyes of institutional investors with its remarkable growth potential and presale performance. While in its presale phase, BorroeFinance ($ROE) has outperformed top crypto coins, simultaneously amassing substantial gains for investors.

BorroeFinance ($ROE) is an AI-driven funding marketplace empowering content creators and Web3 participants to swiftly generate cash flow by selling future earnings, including subscriptions, royalties, and invoices, to supportive communities. 

Content creators leverage BorroeFinance to mint NFTs representing their future or outstanding invoices, discounted and traded on the marketplace to generate funds. BorroeFinance ($ROE) enhances buyer convenience by facilitating automatic repayments on its platform.

$ROE, the native cryptocurrency of BorroeFinance, is a Polygon-compatible deflationary token. It was developed to facilitate activities on BorroeFinance, including payment of transaction fees. This function makes $ROE a utility token whose value tends to grow over time.

Currently priced at $0.015 in the second stage of its public presale, $ROE aims for a 167% surge to reach its target price of $0.040. This projection positions BorroeFinance as a promising DeFi project in the market.

To learn more about BorroeFinance ($ROE) Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter.

The post Trading frenzy hits Chainlink as Ethereum builds momentum and BorroeFinance presale shines appeared first on CoinJournal.

• Ethereum is looking to break above a key resistance level at $2,150.
• Crypto analyst Michael van de Poppe says ETH price could jump to between $3,100  and $3,600 if a breakout happens.
• Catalyst for the market include a spot Bitcoin ETF approval and developments on Ether spot ETF applications.

Ethereum (ETH) traded to highs of $2,136 last week, before giving up some of the gains over the weekend to touch $2,016.

The top altcoin has however seen an uptick on Monday, rising to change hands around $2,120 as buyers looked for a first green candle in three days.

Various market observers see a potential approval for a spot Bitcoin ETF as a catalyst that could catapult both BTC and ETH. While many experts opine that the most likely period for approval is early January, there’s a window for the SEC to greenlight the first spot Bitcoin ETF for the US market. 

This window is open until November 17.

Reminder: There is currently a window open this week for an early approval of the $BTC etf through the 17th.

in addition last week blackrock filed for a spot $ETH etf

If the BTC etf is approved, expect both to fly pic.twitter.com/DbWWa68UAj

— Pentoshi 🐧 euroPeng 🇪🇺 (@Pentosh1) November 13, 2023

Analyst on what next for ETH if resistance breaks

For one top analyst, ETH/USD faces a major hurdle near $2,150 – break this and the price of the world’s second largest cryptocurrency by market cap could surge to the next supply zone around $3,100. Above this would be the key resistance at $3,600.

The prediction thus forecasts a 44%-67% price jump for Ethereum if bulls break higher.

According to Michael van de Poppe, the highlighted resistance at $2,150 is comparable to the massive wall that rebuffed numerous bullish attempts for Bitcoin (BTC) at $30,000. Sharing his prediction with more than 672k followers on X, the founder and CEO of crypto trading group MN Trading wrote:

“Ethereum faces the final resistance. Breaking above $2,150 marks the end of the bear market, as this level is comparable to the $30,000 barrier of Bitcoin. If it breaks, then we’re likely seeing a run towards $3,100-3,600.”

Van de Poppe shared a price chart for Ethereum showing an ascending triangle pattern, which in technical analysis, signals a potential bullish breakout. The chart marks the two anticipated primary resistance zones as shown below.

#Ethereum faces the final resistance.

Breaking above $2,150 marks the end of the bear market, as this level is comparable to the $30,000 barrier of #Bitcoin.

If it breaks, then we’re likely seeing a run towards $3,100-3,600. pic.twitter.com/i91ULBRtLz

— Michaël van de Poppe (@CryptoMichNL) November 13, 2023

Ether was trading around $2,093 on Monday evening, 2.4% up in the past 24 hours. The cryptocurrency’s value shows an 11% and 35% surge in the past week and 30 days respectively.

The post Analyst says ETH could spike to $3,100 if key resistance breaks appeared first on CoinJournal.

Key takeaways

• Ether has crossed the $2,100 level for the first time in months as the crypto market continues to rally.

• Shiba Memu’s presale is now closing in on the $4.5 million mark.

The cryptocurrency market has been on a bullish run over the past few days, with the prices of most coins up by over 5%. Ether is one of the best performers in the market and is now trading above the $2,100 level.

Shiba Memu continues to set new milestones for its presale and will soon reach the $4.5 million mark

Ether hits the $2k mark 

Ether, the second-largest cryptocurrency by market cap, is trading above the $2,100 level for the first time in months. The rally comes as the broader cryptocurrency market recorded excellent gains over the last few days.

The positive performance also comes after the BlackRock iShares Ethereum Trust was registered in Delaware earlier this week. Investors are optimistic that the world’s biggest asset management firm will file for a spot Ether ETF soon.

What is Shiba Memu?

Shiba Memu is a Web3 project that continues to attract investors within the cryptocurrency space and beyond. The project is combining the powers of blockchain technology and artificial intelligence to make it easier for individuals and entities to carry out market campaigns.

According to the development team, Shiba Memu will have a wide range of use cases for marketers within the crypto space and beyond. Shiba Memu will handle various activities, including content creation, marketing, social media advertisement, and creative advertisement. 

Shiba Memu will leverage AI to identify the best creative adverts and improve on them to provide superior content marketing services to users. 

The project is launching as a meme token as it seeks to take advantage of the recent surge in the popularity of meme coins. Over the last two years, meme coins saw their market caps grow from practically $0 to $35 billion in 2023. 

Shiba Memu differs from thousands of meme coins in the market because it offers users real-world use cases. It would allow users to create marketing strategies, roll out PR schedules, and promote campaigns on relevant forums and social media platforms. At the moment, the project is available on the Ethereum and BNBChain blockchains. 

Shiba Memu’s presale closes in on the $4.5 milestone

The crypto market has been on a rally over the last few weeks, with most coins trading in the green zone. 

Shiba Memu has continued its excellent presale performance, and the team has now raised roughly $4.5 million. 

The team would use the funds to develop its various products and services. The Shiba Memu team has revealed that most of the funds would be used to develop its AI technology. 

Its platform will also have a robotastic dashboard, allowing users to interact with the AI, provide feedback, make suggestions, ask questions, and more.

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

Although altcoins have been rallying over the last few weeks, it is hard to accurately predict Shiba Memu’s price in the near term since the project is still in its presale stage. However, at the moment,  1 SHMU = 0.039925 USDT USDT. The token’s price increases every day at 6 pm GMT and is set to trade at 0.040150 USDT per token in a few hours. 

During the first presale stage, SHMU was trading at $0.011125, and it has seen a remarkable increase in price since then. The SHMU token can be purchased using Ethereum, USDT, BNB and BUSD

Should you buy Shiba Memu today?

The cryptocurrency market is having an excellent end to the year and investors might be looking at fresh projects to invest their funds in. Shiba Memu has the potential to become one of the top meme projects in the world, thanks to its utility in the market industry. Leveraging AI and blockchain technologies could see Shiba Memu gain massive adoption in the marketing world. 

At the moment, Shiba Memu’s SHMU is going for a discount price as the project is still in its presale stage. The token could experience a massive surge in price once it lists on cryptocurrency exchanges and gains adoption. 

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