Bitcoin (BTC) Soars Toward $30K, Solana (SOL) Skyrockets 13% Daily (Market Watch)
After a few days of trading sideways, bitcoin went on the offensive hard in the past 12 hours or so and shot up to nearly $30,000.
The altcoins have also turned green, with SOL, BCH, XRP, XLM, and MNT skyrocketing by up to 12%.
BTC Eyes $30K
The start of the business week was quite positive for the primary cryptocurrency, which pumped to $28,000 after a boring weekend. Monday saw another mindblowing price surge when a fake report in regards to the SEC approving a spot BTC ETF pushed the asset north by around two grand to a multi-month peak of just under $30,000.
However, the subsequent rebuttal of the report resulted in a similar price drop that erased all gains. The bulls tried to drive the cryptocurrency north in the following days but to almost no success. That changed in the past day or so, though.
BTC shot up to $29,400 late on Thursday before soaring even more to its current price point of $29,800. Being so close to the $30,000 milestone means that its market cap has increased to over $580 billion.
Its dominance over the altcoins, which has been on a steady rise in the past week or so, is now up to 51.7%.
SOL Steals the Show
The altcoins have also followed BTC’s upward trajectory. Ethereum has gained about 4% on the day and sits above $1,600. BNB, Cardano, Dogecoin, Tron, Toncoin, Polygon, Polkadot, and Litecoin have soared by similar percentages.
Ripple is up by 7% now following the latest positive developments in the company’s legal case against the SEC.
Solana, though, has stolen the show from the larger-cap landscape with a massive 13% daily surge. Consequently, SOL sits at a multi-week high at $27.
More impressive gains come from the likes of Bitcoin Cash, Avalanche, XLM, MNT, and OP. Bitcoin SV and Stacks have skyrocketed the most from the mid-cap alts, by 30% and 20%, respectively.
The total crypto market cap has added over $40 billion daily and sits well above $1.2 trillion on CMC.
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Embracing Web3: Unlocking the Future of the Internet
Introduction
In the ever-evolving landscape of the internet, a new era is dawning — Web3. This groundbreaking technology promises to revolutionize the way we interact, transact, and create value online.
In this article, we will explore what exactly Web3 is, its key differences from its predecessors, and why it is crucial for everyone to embrace it early. We will also delve into some exciting ways for ordinary internet users to get involved in Web3, including an innovative platform-XWORLD, which offers a safe and rewarding Web3 experience.
So, fasten your seatbelts and get ready to embark on a journey into the future of the internet!
Evolution from Web1 to Web3
To understand the significance of Web3, let’s first take a brief look at its predecessors. Web1, also known as the “read-only” web, was characterized by static websites and limited user interaction. Then came Web2, the era of social media, e-commerce, and user-generated content. While Web2 brought about significant advancements, it also introduced issues like data privacy concerns and centralized control. Now, Web3 emerges as the next evolutionary step, offering decentralized, trustless, and user-centric experiences.
Key Differences and Real-World Examples
Web3 stands out from its predecessors in several ways. Firstly, it leverages blockchain technology, which ensures transparency, immutability, and security. This enables peer-to-peer transactions without intermediaries, empowering individuals to have full control over their data and digital assets. Real-world examples of Web3 applications include decentralized finance (DeFi) platforms like Compound and Uniswap, where users can lend, borrow, and trade cryptocurrencies directly, without relying on traditional financial institutions.
The Unstoppable Future of Web3
Web3 is not just a passing trend; it is the future of the internet. By embracing Web3 early, individuals can position themselves at the forefront of this technological revolution. Web3 offers opportunities for financial inclusion, creative expression, and community-driven decision-making. Moreover, it challenges the existing power structures and promotes a more equitable and decentralized internet. By being an early adopter, you can shape the future and reap the benefits of this unstoppable wave.
Getting Involved in Web3
Now that you understand the importance of Web3, you might be wondering how to get started. Here are some main ways for ordinary internet users to dive into the world of Web3:
1.Educate Yourself: Familiarize yourself with the concepts of blockchain, cryptocurrencies, and decentralized applications (dApps). Explore online resources, attend webinars, and join communities to expand your knowledge.
2. Experiment with dApps: Start using decentralized applications to experience the power of Web3 firsthand.
3. Invest in Cryptocurrencies: Consider investing in cryptocurrencies like Bitcoin, Ethereum, or other promising tokens. This not only allows you to participate in the digital economy but also positions you to benefit from the potential growth of Web3.
4. Support Web3 Projects: Engage with and support Web3 projects that align with your interests and values. Contribute to open-source development, participate in governance, or become an early user of innovative platforms.
5. Experience XWORLD: Your Gateway to Web3: One platform that stands out in the Web3 landscape is XWORLD. It offers a pioneering, safe, and trustable Web3 App Store, providing users with a seamless and rewarding Web3 experience. XWORLD rewards users’ time and attention with high-value assets like Bitcoin, creating an ecosystem where users are incentivized to explore and engage with Web3 applications.
Visit the XWORLD website (www.xworld.pro) and follow Twitter (https://twitter.com/xworld_pro) to learn more about this exciting platform and embark on your Web3 journey today!
Conclusion
Web3 is not just a buzzword; it represents a paradigm shift in how we interact with the internet. By embracing Web3 early, ordinary internet users can become active participants in shaping the future of the digital world. Whether it’s exploring decentralized finance, investing in cryptocurrencies, or supporting Web3 projects, there are numerous ways to get involved.
References
What Is Web3?
What is web3? (Published 2022)
Web3 - Wikipedia
What Is Web3?
XWORLD, a pioneering Web3 App Store, provides a safe and trustworthy platform for users to explore a wide range of dApps and discover the treasure trove of Web3.
So, don’t wait any longer — join the Web3 revolution and unlock the limitless possibilities of the internet’s future!
If you’re an Internet user interested in the future of Information Tech, follow XWORLD on Twitter at https://twitter.com/xworld_pro to stay updated on the latest developments in Web3 games, NFTs, and tokenomics.
Download: https://play.google.com/store/apps/details?id=pro.xworld.app
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BTC will break $32K soon?Vitalik is heading for AI | Web3 News
BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’
Bitcoin( $29,691) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.
In an optimistic longer-timeframe view, trading team Stockmoney Lizards predicted that resistance immediately above $30,000 would soon crack.
Updating a chart fractal comparing BTC/USD in 2023 to its 2020 breakout, analysts argued that the time for significant upside is now. An approval of the United States’ first Bitcoin spot price exchange-traded fund (ETF) would form the clinching factor.
“31/32k will break soon,” part of accompanying commentary read.
“P.S.: Many of you will once more say: ‘But 2020 was after halving, here we are before’ — answer: doesn’t matter. This year mass adoption / ETF approval will be THE driver.”
Ethereum Cofounder Vitalik Buterin Confirms Plans for AI
Ethereum cofounder Vitalik Buterin has shared new revelations that show a possible integration with artificial intelligence (AI) in the mid- to long term. Responding to community members in an ask-me-anything (AMA) session hosted on the decentralized social protocol Warpcast, Buterin said AI remains one of the thoughts that has filled his mind for the past two weeks.
While Vitalik Buterin was not detailed about the specific things he thought about, he said he is considering the ways in which the Ethereum community could productively engage on AI-related issues. Some of the issues he highlighted include X-risk, a concept that showcases how humanity can be harmed on a massive global scale.
In recent times, proponents have been citing how possible Blockchain technology can coexist with AI. Drawing on the revolutionary technology underpinning both concepts, a combination of AI and blockchain has been tipped as a futuristic solution to some of the world’s biggest challenges to date.
While there are a number of crypto projects exploring AI solutions to date, Buterin’s assertion of the concept lends another perspective, considering the role he plays in the broader digital currency ecosystem. The possible timeline of any potential engagement was not revealed, and from his actions, we might expect a detailed blog post in this regard in the future.
‘Magic: The Gathering’ creator’s crypto game lands on Epic Game Store
“Magic: The Gathering” creator Richard Garfield has helped design a blockchain game, and it is launching on the Epic Game Store.
The Dungeons & Dragons-style fantasy card game Garfield created became a massive hit, fostering an ecosystem of players who for years actively bought, sold and traded the game’s physical cards. Garfield is now hoping his digital card game “Brawlers” will also capture gamers’ imaginations.
The player-vs-player game was co-designed by Garfield and developed by fledgling web3 gaming firm Tyranno Studios, which focuses on creating titles on the WAX blockchain.
“Just like traditional physical card games, Brawlers allows people to purchase card sets and use them to play with others, simultaneously retaining full ownership and control over their assets to easily trade or exchange them,” Garfield said in a statement. “This opens up many new opportunities for developers to build successful web3 games with living and breathing economies where each player is a full-fledged participant and avoids all the pitfalls of exploitative microtransactions.”
Refik Anadol NFT collab with Brazilian tribe yields $3.9 million in a week
Cutting-edge artist Refik Anadol’s latest digital art collection dubbed “Winds of Yawanawa” may be the one lone bright spot in an otherwise dim NFT market.
The project, a collection of “data paintings,” has generated $3.9 million (2,493 ether) in sales over the past week, according to OpenSea data. The eruption of interest in Winds of Yawanawa, a collaboration between the Brazilian indigenous community Yawanawa and Anadol, comes amid a broader NFT market downturn that has seen trading volumes plummet by more than 90% since a bull run bolstered by excitement for mostly low-resolution picture-for-profile NFT collections like Bored Ape Yacht Club and CryptoPunks.
One popular NFT watcher took to X to highlight both the success of Winds of Yawanawa and how large of a portion of overall trading the collection accounted for in a day’s worth of trading.
“Winds of Yawanawa did 451 ETH of volume on OpenSea yesterday, about 25% of the total ETH volume on OpenSea,” posted @punk9059, director of research at Proof Collective, an organization that supports blockchain-powered art. “What’s striking is partially how much [Winds of Yawanawa] is doing, but also how little else is trading.”
Magic Eden’s Tokenized Collections Program Debuts with 100 Physically-Backed Pokémon Cards
Last week, the renowned cross-chain NFT platform, Magic Eden, introduced its groundbreaking Tokenized Collections Program in collaboration with Collector Crypt, a pioneer in bringing physical collectibles to the Web3 space. The program’s inaugural drop, featuring 100 graded Pokémon cards, is set to launch today, Wednesday, October 18, exclusively on the Magic Eden Launchpad.
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