Of course it's not a bragging topic. It's sad and I'm just amazed how some can deal with that and holding despite such huge loss. If you're one of those, I think you're strong and I trust you will get rewarded for that. Maybe it's an attitude: "I've lost so much I might as well…
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The world of crypto is filled with fascinating possibilities and unexpected growth. In a recent series of tweets, Adam Cochran, a partner at CEHV, sparked a wave of Ethereum discussions by presenting a compelling case for Ethereum’s token, ETH, to potentially surge to as high as $457,081. Revealing The Analysis Cochran addressed skeptics who questioned the feasibility of ETH experiencing a 20x increase, comparing it to the market capitalizations of tech giants like Apple and Amazon. He emphasized that Ethereum should not be viewed as a traditional company, but rather as a groundbreaking blockchain-based infrastructure that transcends conventional boundaries. Related Reading: Ethereum Price Faces Confluence Of Bearish Factors and At Risk of Another Decline Cochran’s analysis took inspiration from the sheer magnitude of securities processed through clearing houses, reaching an astounding $2.5 quadrillion last year. Contemplating the possibility of conducting this process on the Ethereum blockchain with a meager 0.05% gas fee, Cochran envisioned an annual burn of $1.25 trillion worth of ETH, equivalent to 5.7 times the current market cap. Building upon this foundation, he extrapolated a forward-looking multiple that projected Ethereum’s potential value to approach $35 trillion. Cochran’s projection gained more momentum as he introduced the concept of a compounding burn rate. Assuming an annual compounding burn rate of 2% or more over a 20-year period, the value per ETH could potentially skyrocket to $457,081. Moreover, Cochran acknowledged that achieving a scenario where 100% of global securities settlement occurs on Ethereum within two decades might be unlikely, but settling 10% within a decade appeared feasible. Ethereum Value And Market Reach Beyond the securities market, Cochran proposed that Ethereum could capture additional value-based markets, further propelling its growth. He argued that settling 10% of global securities and tapping into other value markets could realistically lead to a 30x-35x increase in value within the next decade, even accounting for a 33% margin of error. Notably, Cochran’s analysis sheds light on Ethereum’s potential to disrupt traditional intermediaries, offering reliable and affordable settlement solutions. With trillions of dollars in annual turnover up for grabs, the prospect of eliminating trusted intermediaries become increasingly enticing for various markets worldwide. Related Reading: Gas Crisis Averted: NFT Marketplaces Witness Dramatic Reduction in Ethereum Fees While Cochran’s projections may seem audacious, they highlight the boundless possibilities within the crypto space. Ethereum’s unique position as a blockchain infrastructure opens doors to innovation and disruption, ultimately challenging the status quo of trusted intermediaries. Meanwhile, Ethereum’s price hasn’t made any significant movement in the past week but a slight upward trend, up by 0.6%. ETH has surged from a low of $1,805 seen last Friday to trade at $1,815, at the time of writing. Ethereum market capitalization has also recorded little gains in the past seven days. ETH’s market cap has surged nearly 1% from a cap low of $217 billion to a high of $218 billion on Friday. Meanwhile, ETH’s daily trading volume has also plunged throughout the week from a high of $7 billion last Monday to $3.6 billion in the last 24 hours. -Featured image from Shutterstock, Chart from TradingView
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I have a DeFi problem that I hope some crypto project can solve. I am regularly receiving crypto income from a project on Polygon. But for tax purposes I don't want income. What I want is token appreciation. Is there a project that can convert regular income into appreciation? submitted by /u/mudgen [link]…
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Render (RNDR) has been on an upward trajectory, recording some of the biggest profits in the crypto market this past week. This show of strength by the metaverse cryptocurrency coincides with a busy week dominated by the bulls. However, it appears that the RNDR price increase is not a result of general market sentiment. So, what could be driving up the value of Render? Related Reading: Cardano Surpasses 500 Million ADA In TVL – How About Its Impact On Price? RNDR Gains 32% In One Week – Price Overview After a period of sideways movement, the price of RNDR has chosen to go upward to become one of the biggest gainers this past week. According to CoinGecko data, this coin has ballooned by more than 32% in the last seven days. It is worth noting that most of this price increase happened in two days – on the 17th and 18th of May. In an almost vertical rise, RNDR surged in value by more than 20% on Wednesday, May 17. This price rise is understood to be a reaction to the news of Apple launching its VR headset. RNDR, the utility token of the Render Network, didn’t have a great market performance in 2022, sinking as low as $0.325 at some point in the year. However, the cryptocurrency has been on an excellent recovery, gaining nearly 500% since the turn of 2023. As of this writing, the RNDR token changes hands at $2.36, with a 2.8% price increase in the past 24 hours. That said, price data reveals that the coin has not made any significant movement since Thursday, consolidating around the $2.50 price level. RNDRUSD trading at $2.367 | Source: RNDRUSD chart from TradingView How Apple’s VR Headset Will Affect RNDR Price As earlier mentioned, the price surge experienced by RNDR in the past week was primarily due to the rumors of Apple launching its highly-anticipated VR headset next month. In fact, most metaverse tokens, including MANA, ICP, SAND, etc., enjoyed a bullish run as a result of the news. The Render Network offers decentralized GPU-based rendering solutions. Meanwhile, RNDR is the utility token used to pay for motion graphics, animation, and VFX rendering on the network. The RNDR token basically powers all products released by the network’s parent company. And, with the recent release of Render’s OctaneX app on M1 and M2 iPads, there is speculation that the developers of the new VR headset will use the Render network. OctaneX is an app that offers real-time, photo-realistic 3D rendering in M1 and M2 iPads. Considering this potential development, there is rising demand for the RNDR token – and we are very likely to see a further increase in its price. Related Reading: Decentraland (MANA) Leads Crypto Market Gains, Here’s Why -Featured image from RenderToken.com, chart from TradingView
A VTuber is a virtual content creator who uses an animated avatar. To become one, create an avatar, use motion capture technology, and produce content.
