Tag: 10X

Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024. During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitcoin and its ecosystem over the next four to five years. In response, Saylor initially gave a rundown on the period between 2020 and 2024, noting that Bitcoin went from being seen as a “offshore unregulated asset” to an…

Michael Saylor Says Bitcoin Will 10x from Unprecedented Demand amid Institutional Involvement

boss

According to Michael Saylor, Bitcoin will pump significantly after the SEC approves a spot ETF and demand for the king coin spikes. MicroStrategy Inc (NASDAQ: MSTR) Executive Chairman and Co-Founder Michael Saylor recently said he believes that Bitcoin will spike in an unprecedented way. Saylor, a popular Bitcoin bull, reiterated his support for the world’s largest cryptocurrency by market cap. Saylor’s prediction has it that the king coin will 10x. His argument is a series of Bitcoin events, including the upcoming halving expected in April next year. The halving is a network event…

Bitcoin Price (BTC) Could 10X From Here: MicroStrategy’s Michael Saylor

boss

First among them is what’s soon be a sizable reduction in supply coming alongside a surge in demand. Bitcoin miners, said Saylor, need to sell bitcoin in order to keep the lights on, and he noted those sales are currently running at about $1 billion per month. The halving – expected to occur in April 2024 – however, means miners will soon have only half of that available to sell. Original

Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?

boss

Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months.  DOT Is Down Over 90% The dip follows the crypto winter in 2022. However, the upcoming upgrade might catalyze demand, even supporting DOT, the native currency. DOT is changing hands at $4 at spot rates, down by over 90% when…

Ethereum’s proto-danksharding to make rollups 10x cheaper — Consensys zkEVM Linea head

boss

Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon. Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times. Proto-danksharding, also known by its Ethereum Improvement Proposal (EIP) identifier EIP-4844, is aimed at reducing the cost of rollups, which typically batch transactions and data off-chain and submit computational proof to the Ethereum blockchain. The…

Binance launches Arkham token sale, launch price to be 10X higher

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 17, the world’s largest crypto exchange by trading volume, Binance, announced the launch of the arkham (ARKM) token sale on its launchpad, making it the 35th project on the platform. However, ARKM’s launch will be different since there will be mechanisms to “protect investors from volatility.” At the same time, Binance said the launch of the ARKM will be set at $0.50 — 10 times the public sale price — for the first five…

IoTeX releases W3bstream’s Devnet, reducing development time and cost by 10X 

IoTeX has unveiled W3bstream’s Devnet, providing developers with tools and infrastructure to build Decentralized Physical Infrastructure Networks (DePIN) applications.  This release reduces development costs and go-to-market time, enabling developers to connect smart devices to any smart contract, benefiting users. With W3bstream, developers can create mobility, energy, sensor, artificial intelligence (AI) computing, and wireless networks, among other data-driven dapps.  IoTeX is a web3 project offering services that empower developers to build social-impact DePIN dapps, rewarding users for their actions or incentivizing specific behaviors.  W3bstream boosts the DePIN sector, poised to reach around…

Republican crypto bill a ‘10x improvement’ on all others: Messari CEO

boss

Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States Congress so far. The “Digital Asset Market Structure” (DAMS) bill, introduced on June 1, proposes to establish a framework to fill the gaps in the regulatory process between the U.S. Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC) on activities related to crypto-assets. Speaking at a Coinbase-hosted event on Twitter Spaces on June 7, Selkis explained that U.S. Representatives Patrick…

Algorithmic stablecoin market share dropped by 10x from ATH: Report

boss

The notorious failure of the Terra USD (UST) stablecoin affected the crypto market, but the algorithmic stablecoins took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank almost tenfold.  According to a new report from CryptoCompare, the current market share of algorithmic stablecoins stands at 1.71%, while its all-time high record in April 2022 reached 12.4% of the whole crypto market. Before its crash, Terra USD accounted for 79.8% of the algorithmic stablecoin’s market share. The stablecoin market is generally suffering, with January…

SushiSwap’s new DEX aggregator will ‘10x our market share’ — Head Chef

boss

Just a month after warning of a “significant deficit” in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform, which it says is intended to “10x” its market share in 2023. Sushi CEO Jared Grey laid out the plans for the decentralized finance (DeFi) platform in a Jan. 16 Medium post, saying it will focus on its product stack in line with prior plans to make Sushi more sustainable. “Sushi commands ~2% of the AMM market & 0% of the aggregation market.…