Dear Readers,
As you know that the crypto market leaders BTC and ETH are leading the market are attracting the interests of the investors and traders globally.
They are having their own standards and unique features among all the presence of crypto coins in the market.
Various updates are being made and the global crypto eco systems are changing rapidly every day.
We have covered the the recent Ethereum upgrade called Dencun upgrade which is also referred as Cancun Denab. Click to have a read if you have missed it out!
This upgrade would give the scalability solutions to Ethereum and considerably increase the transactions speed and would reduce the gas fee as well.
While Ethereum upgraded from Proof of Work Mechanism to Proof of Stake Consensus as a major upgrade, the price action did not go well for the ETH.
An another interesting addition and update of ERC 404 token by ETH would definately transform the way of the block chain contracts.
The ERC 404 will be the merger of ERC-20 and ERC -721 standards and it would have a revolutionize the blockchain eco system with the characteristics of both funding and non fungible tokens with its single coin which would obviously enable the liquidity and fractionalization measures.
The introduction of ERC-404 would bridge the existing gaps of ERC-20 and ERC 721 tokens.
It works with the Ethereum blockchain and can be programmed with various aspects.
The pioneer ERC-404 token -Pandora (PANDORA), witnessed a whooping price surge.
It raised to $32,000 just within a week from just # 250.
This massive upside surge as fueled by robust demand and a limited supply of 8,000 tokens. This resulted in an impressive $76 million in trading volumes over the past 24 hours.
All are eyeing and aiming Ethereum would go to the 4000 mark USD price limits. While there are many positive news around Etherum with the Dencun upgrade, possibility of approval of the ETH Spot ETF by US SEC.
ETH would attract many users and developers back to the Ethereum Defi eco-systems again.
While we cover news around ETH, at the time of writing this article, ETH trades at USD 2528.79, a high of 0.80 from yesterday and a high of 10.04% on a weekly basis. ETH also trades with a higher volume as well.
