Blockchain
Vitalik Buterin reveals three “huge” cryptocurrency opportunities in 2023
Ethereum co-founder Vitalik Buterin shared three “huge” yet-to-be-realized opportunities in the cryptocurrency space: wallet mass adoption, inflation-resistant stablecoins, and Ethereum-backed website logins.
during interview Buterin shared with David Hoffman, co-owner of Bankless, his outlook for the crypto industry in 2023, in response to Hoffman’s growing concern that the “adoption wave” of decentralized applications is now over and that there is “less chance” of For developers to enter and build new decentralized applications.
Instead, Buterin brushed off the “limit period” that Hoffman had eluded, initially stating that more developments should be made on the wallet infrastructure to make it easier for ordinary people to use cryptocurrencies and ensure it can accommodate billions of users.
“If you can build a wallet that will be used by a billion people – that is a huge opportunity,” said the co-founder of Ethereum.
Secondly, Buterin said that the creation of A.I An inflation-proof and globally accessible stablecoin It can withstand all kinds of conditions – whether at the chain level or in the broader macro economy – it would be revolutionary for the industry:
“If you can create a stablecoin that can actually survive even, including, USD hyperinflation […] This is also a great opportunity if you can create something that seems to be a lifeline for everyone who is in this situation.”
Buterin, you haven’t made any technical suggestions on how to achieve this.
Finally, Buterin said that any technical developments that contribute to Ethereum pulling logging powers away from Facebook, Google, Twitter and other centralized monopolies will eventually enable Ethereum to seize more market dominance for Internet-based applications:
“If you can log in with Ethereum for work and if you can dethrone Facebook, Google and Twitter as the login moguls of the internet, that in itself is a huge opportunity, right?”
But Buterin stated that the opportunity to fill market gaps is becoming less clear due to increased competition and market maturity.
Related: What are DApps? All there is to know about decentralized applications
The Ethereum co-founder seems to have spent the past few weeks sharing what he has learned and advice about the cryptocurrency space, including his optimism about the years ahead for the industry.
Buterin stated on December 5 that blockchain-based identity, decentralized autonomous organizations (DAOs) and hybrid applications are also Raise it up about the future of Ethereum and decentralized technologies.
A few days ago, on December 3, the co-founder of Ethereum reiterated the importance of traders taking a long-term view Focusing more on technical developments rather than price.
After the collapse of FTX, Buterin advised traders and investors on November 21 to consider the level of human influence that can be exerted on the protocol and Putting more trust in open and transparent code than in humans.
join us cable A channel to stay up to date on breaking news coverage The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside. Key levels: Resistance levels: $300, $310, $320 Support levels: $130, $120, $110 BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel. According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal. However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively. Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below. However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel. But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million. Dash 2 Tadawul – High Potential Pre-Selling
join us cable A channel to stay up to date on breaking news coverage join us cable A channel to stay up to date on breaking news coverage Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel. Key levels: Resistance levels: $2.00, $2.20, $2.40 Support levels: $0.50, $0.30, $0.10 DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency. the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart. Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14). Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below. Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone. But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million. Dash 2 Tadawul – High Potential Pre-Selling
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Bancor Prediction Statistics Data:
BNT/USD market
Bancor Price Prediction: Bancor is preparing for an upward movement
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dYdX prediction stats data:
DYDX/USD Market
dYdX Price Prediction: DYDX is ready for an uptrend
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