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  • Top 5 ways to deploy Parallel EVM Layer 2

    The deployment of a Parallel EVM Layer 2 refers to a scaling solution designed to enhance the Ethereum network’s throughput and efficiency. Here are the key points about this technology:

    1. Parallel Execution: Unlike traditional Layer 2 solutions that process transactions sequentially, a Parallel EVM Layer 2 enables simultaneous execution of multiple transactions. This significantly increases transaction speeds and reduces congestion on the main Ethereum network.
    2. Compatibility: The Layer 2 solution maintains compatibility with Ethereum’s existing infrastructure, allowing developers to easily migrate their decentralized applications (dApps) without extensive modifications.
    3. Cost Efficiency: By offloading transactions from the main chain, users can benefit from lower fees, making it more economical to conduct transactions and interact with dApps.
    4. Security: Security models can vary, but many Layer 2 solutions leverage the security of the Ethereum main chain while implementing additional measures to safeguard user assets and transactions.
    5. Use Cases: This type of solution is particularly useful for applications that require high throughput, such as decentralized finance (DeFi) platforms, gaming, and NFT marketplaces.

    Overall, the deployment of a Parallel EVM Layer 2 enhances the Ethereum ecosystem’s scalability and usability, making it more accessible for a broader audience.

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  • Crypto Report Shows Ethereum takes lead in September

    The crypto market has performed dismally over the past week, with most altcoins recording massive losses. However, a recent crypto report has revealed that tokens attached to Ethereum DEXs like Aave (AAVE) and RCO Finance (RCOF) will take over the market in September.

    Why are Aave (AAVE) and RCO Finance (RCOF) the top Ethereum DEXs to invest in September? Let’s find out!

    Aave (AAVE) Gains 8% in a Week: Will Bulls Persist?

    AAVE has performed laudably over the past week. On August 28, AAVE was changing hands at around $124.90. After days of range-bound trading, AAVE gained traction on September 3. 

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    This bullish momentum came after Aave rolled out Sky Aave Force, an initiative to bridge the gap between DeFi and TradFi. 

    This development saw AAVE jump as high as $138.17 on September 4 before stabilizing at around $137.20. This price means AAVE has gained 8% in a week. Moreover, the 24-hour AAVE trading volume is up 157%, indicating a massive buying force. 

    Based on this enormous buying force and the recent launch of Sky Aave Force, experts expect AAVE will continue pumping in September. This explains why Aave is one of the best Ethereum DEXs to invest in. 

    RCO Finance Outshines Ethereum DEXs With Its Crypto AI Features!

    With most crypto market bleeding, RCO Finance has seen hordes of investors flock to its platform. Investors are embracing RCO Finance because its AI and blockchain-powered features have helped position it among the leading Ethereum DEXs in the crypto market. 

    In particular, RCO Finance’s AI-powered robo advisor has captivated investors because it is a financial expert available 24/7. 

    The robo-advisor differentiates itself from traditional financial advisors by using advanced algorithms and machine learning to offer data-based investment suggestions. 

    Specifically, the robo advisor uses algorithms and machine learning to gather actionable data from the 120,000+ crypto and TradFi assets RCO Finance supports. 

    The robo-advisor then pairs this data with an investor’s risk profile and financial goals before suggesting if the investor should enter, exit, or double down on specific positions.

    Through this approach, the robo advisor helps investors minimize risk exposure and increase chances of profitability. Furthermore, this approach enables investors to eliminate cognitive biases and emotions of fear and greed from their investment strategies. 

    The robo-advisor can also complete trades on an investor’s behalf. In doing so, the robo advisor does not need to inform the investor when an opportunity arises but instead grabs it. 

    This level of automation ensures investors take advantage of all market opportunities that match their preferences. 

    To complement the robo advisor’s next-gen capabilities, RCO Finance offers up to 1,000x leverage on some trades. This high leverage gives investors ample capital to bet on high-potential assets.

    These features explain why RCO Finance is toppling renowned Ethereum DEXs as it strives to push the DeFi sector to a new era. 

    RCOF Set To Deliver Huge Returns In September and Beyond!

    Apart from its versatile DeFi platform, RCO Finance partially attributes its swift success to its native token, RCOF. RCOF has captured investor attention because it boasts a relatively low supply cap of 800 million tokens. Also, RCOF has a deflationary to keep inflation in check. 

    Furthermore, RCO Finance offers dividends to RCOF holders. RCOF HODLers can also propose and vote on governance proposals, shaping the RCO Finance ecosystem. It is worth noting that SolidProof, a top blockchain security firm, audited RCOF’s smart contract. This step helped increase investor confidence in the token. 

    As of September 4, investors can purchase RCOF at $0.0344, its Stage 2 price. This price will increase to $0.0558 when RCOF enters Stage 3. This price difference denotes a 62% surge. Interestingly, these returns are set to increase periodically as RCOF moves toward its projected listing price of between $0.4 and $0.6. 

    When RCOF soars to $0.6, Stage 2 investors will enjoy a staggering 1,644% ROI. This ROI exceeds AAVE’s historic 860% surge between Q4 2020 and Q1 2021. 

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  • Cryptocurrencies Price Prediction: BTC, ETH, Others…

    Ethereum has lost its “ultra” sound money status, faces key rectangle resistance hurdle

    Ethereum (ETH) is up 0.5% on Thursday following a recent analysis showing that the top altcoin lost its “ultra” sound money narrative. Meanwhile, ETH ETFs recorded net inflows for the first time after nine days of consecutive outflows.

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  • Ethereum Whales Buy $2.45B in ETH

    In recent weeks, Ethereum (ETH) has seen a notable surge in accumulation by large investors, commonly referred to as whales. Data indicates that these entities have acquired more than 700,000 ETH, equating to around $2.45 billion.

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  • Here’s a crypto network out-performing Ethereum this month

    I saw this and it was a big surprise to me. Imagine! TON is even bigger than Ethereum in the month of June. Wow! What can I say, when this blockchain has recorded more daily active addresses than Ether this month.

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  • Ethereum trends right now… On a Bullish run

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  • Ethereum Futures Open Interest Hits All-Time High

    Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest.

    In the midst of the dynamic activity on ethereum spot markets, ether derivatives have also seen substantial demand. Ether futures open interest has reached unprecedented levels. Concurrently, the aggregated open interest (OI) in ethereum (ETH) options has been hovering near all-time high levels. As of May 28, 2024, the total open interest in ethereum futures stands at about $17.05 billion.

    High open interest in ethereum futures and options contracts generally indicates increased trading activity and interest from both institutional and retail investors. This heightened ether open interest can lead to greater price volatility as traders actively manage their positions, potentially signaling an upcoming significant price movement. Currently, the aggregated open interest in ether options contracts is $10.99 billion.

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    Regarding futures, out of the $17.05 billion in OI, Binance leads with $6.14 billion. Bybit follows with $3.48 billion, and Okx holds $2.18 billion. In the options market, Deribit dominates with $9.77 billion of the $10.99 billion aggregate. Following Deribit are Okx, Binance, and Delta Exchange, respectively.

    On spot markets, ETH has risen 33.3% over the past two weeks, while 30-day statistics show a 16.9% gain. Although ETH recently came closer to its all-time high, it is now 20.9% below the peak of $4,878 per unit set on Nov. 10, 2021. The increase in ethereum’s value, following the approval of spot ether ETFs, has not only impacted spot markets but has also significantly boosted the derivatives segment.

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  • BlockDAG Outshines Ethereum And Render

    The cryptocurrency sector is continually evolving, with projects like BlockDAG, Ethereum, and Render capturing investors’ attention with their innovative capabilities and promising returns. While Ethereum and Render are showing signs of a strong market recovery, BlockDAG leads with a record $34.7 million presale and unique technological advancements. This review will compare the three platforms, spotlighting BlockDAG’s superior attributes and exploring why it might be the most compelling new crypto investment available.

    Ethereum’s futures have recently reached an unprecedented peak with an open interest of $16 billion, indicating a bullish uptrend spurred by a 45% spike since mid-May, culminating in a 69% year-to-date increase. The optimistic funding rate of 0.014% reflects a strong investor inclination towards long-term holdings, with expectations for the futures to consistently exceed the spot price.

    This positive sentiment is supported by Ethereum’s technical indicators; an RSI of 71.21 and a Chaikin Money Flow (CMF) of 0.22 both signal substantial capital inflows and a solid bullish outlook. With aims to retouch the $4,000 mark, these metrics present Ethereum futures as an enticing investment opportunity.

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    Render is at a crucial juncture, poised on the edge of a breakout from its ascending triangle pattern. However, Render’s current price analysis reveals potential downtrends, highlighted by bearish signs like a Parabolic SAR above the price, suggesting it may be time to sell. The negative CMF value of -0.01 reinforces this potential decline.

    Market sentiment towards Render is cautiously pessimistic, as evidenced by a weighted sentiment index of -0.29. With an MVRV ratio of 231.78%, there is a risk of significant sell-offs, putting Render in a precarious position. If Render fails to maintain its momentum, prices could drop to $10, though overcoming this resistance could push prices above $12, making its prospects uncertain.

    BlockDAG has achieved remarkable success in its ongoing presale, amassing over $34.7 million and distributing more than 10 billion coins, currently valued at $0.009 each. Now in its 15th batch, BlockDAG is on the brink of launching its X1 mobile miner app on June 1st, which will enable smartphone users to mine BDAG coins efficiently, democratizing the mining process.

    Furthermore, the recent enhancements to BlockDAG’s dashboard have significantly improved the user experience, incorporating new features such as live news feeds, a dynamic ranking system, wallet balances, and a leaderboard. 

    These updates make the platform more user-friendly and interactive, fostering greater transparency and community involvement. Users are categorized into tiers like Crab, Tortoise, Fish, Shark, and Whale, depending on their investment levels.

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  • BlockDAG’s Smart Platform, Dashboard Eclipses Bitcoin Cash Surge | Ethereum ETF Concerns With 30,000x ROI Potential

    In the dynamic world of cryptocurrencies, innovation is key to attracting sustained investor interest. While Ethereum faces regulatory hurdles with ETF approvals and Bitcoin Cash experiences a price surge, BlockDAG steals the spotlight. With its latest dashboard improvements and an innovative low-code/no-code smart contracts platform, BlockDAG is redefining ease of access in the crypto world, positioning itself as the leading investment for 2024 with potential returns of up to 30,000x.

    Ethereum ETF Approval Faces Challenges

    Despite high hopes following the approval of Bitcoin ETFs, the outlook for Ethereum ETFs is growing dimmer. Nate Geraci, ETF Store president, points out that for an Ethereum ETF to launch, the U.S. SEC must approve not just the registration statement but also trading rule changes. With the SEC’s current focus on reviewing Ethereum-based ETF applications and the lengthy statutory decision period of 45 to 240 days, it appears unlikely that approval will come by the expected May 23 deadline, casting doubt on the immediate availability of Ethereum ETFs.

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    Modest Optimism for Bitcoin Cash Price Increase

    Bitcoin Cash (BCH) has shown some life with a recent peak at $478, though it lags behind competitors like Solana. Despite a 15.8% increase over three days, driven by a spike in large transactions suggesting a potential breakout, caution remains as the price hovers around $472. While there’s institutional interest potentially pushing the price toward the $500 mark, resistance near $491 could lead to a pullback to around $450.

    BlockDAG’s innovative dashboard is revolutionizing how investors interact with cryptocurrency. With a recent surge raising $32.9 million from over 9.8 billion BDAG coins sold, the presale price has already jumped by 800%, with forecasts suggesting it could reach $1 by year-end. The dashboard’s user-friendly design includes features that enhance transparency and user engagement:

    • Activity Tracking: Investors can monitor their actions alongside others, promoting a community-driven environment.
    • Trending News: Users receive the latest updates directly on their dashboard, keeping them informed on vital developments.
    • Comprehensive Wallet: This feature allows for streamlined purchases, balance checks, and transaction management.
    • Leaderboard: Displaying the top 30 investors encourages a competitive atmosphere, motivating users to increase their investments.
    • Transaction History: This page provides a detailed record of user transactions, fostering greater transparency and trust in the platform.

    Moreover, BlockDAG’s smart contract platform offers templates for NFTs, meme coins, and utility tokens, making it easier for those without deep coding knowledge to participate in and benefit from the crypto economy.

    As Ethereum struggles with ETF approvals and Bitcoin Cash aims for modest gains, BlockDAG sets itself apart with a powerful suite of tools that make investing both accessible and potentially highly lucrative. With its state-of-the-art dashboard and smart contracts platform, BlockDAG is not just participating in the crypto market; it’s leading it, promising substantial 30,000x returns for those who engage early.

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  • Why Bitcoin, Ethereum, and Dogecoin Surged Higher Recently

    It’s been a wild ride in the cryptocurrency world this week, but it’s mostly been a ride higher for investors in the largest blockchain projects. Bitcoin (BTC -3.73%), Ethereum (ETH -3.09%) and Dogecoin (DOGE -3.04%) have seen some remarkable moves higher over the past week, surging 3.3%, 28.7% and 5% over the past week, as of noon ET on Thursday.

    The story this week that appears to be providing the rising tide lifting the boats of all large-cap digital assets is the expectation that a ruling should be forthcoming this week as to whether the Securities and Exchange Commission (SEC) will approve spot Ethereum ETFs.

    Bitcoin went on a run heading into the ultimate approval of spot ETFs for that crypto, and there was a flood of capital into this asset. This is a clear and meaningful catalyst for the overall sector and could lead to other similar products down the line.

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    Let’s dive into each of these tokens and what to watch in the week ahead.

    Are spot Ethereum ETFs coming?

    Some level of uncertainty remains on the ultimate decision from regulators for both the VanEck spot Ethereum application (due sometime later today) and the ARK 21Shares ETF application due tomorrow. Earlier this week, expectations were that we wouldn’t hear anything until next week at the soonest. Accordingly, with the timeline moved up, investors will soon see whether these bullish bets were correct.

    Potential capital flow into Ethereum could disrupt inflows into Bitcoin-focused spot ETF funds. Thus, the price action we’re seeing with Bitcoin heading into this announcement isn’t surprising. Ethereum’s gain should (at least somewhat) be Bitcoin’s loss, though it’s worth noting that Bitcoin has still trended positively on this news, since it’s good for the broader sector.

    Dogecoin’s price action appears to be relatively detached from the top two cryptocurrencies by market capitalization. That said, expectations of greater liquidity in this space courtesy of institutional investors have traders ramping up on more-speculative bets to capture the maximum amount of upside today.

    Where to go from here

    Personally, I think the safest place to be right now when it comes to these top digital assets is on the sidelines. Yes, there’s some major upside potential should the SEC rule in favor of spot Ethereum ETFs. But I think the downside risk of a “no” could outweigh any future gains (and to be sure, a lot has already been priced in).

    Various regulators have displayed different levels of enthusiasm for these spot Ethereum ETF products, so the outcome remains uncertain. Until we have an approval on the books, this is a catalyst I don’t think is worth trading on right now.

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