Analog , an innovator that has been leading when it comes to blockchain interoperability, has recently launched its mainnet setting a new benchmark for multi-chain technology. The platform, which will go live today, December 23, 2024, will work to empower developers to create next-generation decentralized applications (dApps) that will be capable of operating across several blockchain ecosystems. According to Analog, the initial rollout will feature a Proof of Authority (PoA) consensus mechanism which will provide a solid foundation for the upcoming advancements in the space. The launch will go on and build on the successes of Analog’s capabilities as showcased on the testnet. Looking at the figures, the platform was able to amass more than 345,000 accounts as well as generate 1.9 million cross-chain datasets. As one would expect, having such figures would cement Analog’s reputation as a leader and that is exactly what it has done, with over 50 different projects already being committed to building on its ecosystem proving the same. At its core, Analog’s mainnet will serve as a powerful interoperability hub that has been designed to smoothen the creation of cross-chain applications. As such, the developers will be in a position to make use of the tools that are available to build applications that respond to events occurring across multiple chains in real time. So, while the current PoA setup lays the groundwork, Analog has plans to integrate other features such as the Nominated Proof of Stake (NPoS) consensus, advanced cross-chain messaging, and dynamic data querying which will gradually roll out, culminating in full implementation by the Token Generation Event (TGE). The transition to mainnet saw Analog being put under an extensive three-phase testnet to optimize its functionalities. And, it is noteworthy to mention that the results were nothing short of impressive since they generated significant engagement, which includes 12 million website visits and the creation of over 290,000 smart contracts. It doesn’t end there since the Proof of Humanity (PoH) verification process authenticated over 42,000 real users who will be there to ensure that the mainnet has a community that is ready to engage with the mainnet right from day one. As of today, the ecosystem already boasts an array of projects that are already leveraging Analog’s technology. For instance, StationX has employed Analog’s automation workflows to revolutionize multi-chain DAO operations. A move that simplifies tasks such as fund distribution and event-triggered actions; Parami Protocol uses Analog to enable decentralized AI agents to connect with communities across different chains; Frax Finance uses Analog for real-time Oracle data and multi-chain governance to enhance the stability of its stablecoin ecosystem; XYO takes advantage of Analog’s cross-chain tools to offer seamless access to blockchain-powered location data and Vemo Network as well, which utilizes Analog to transform locked assets into tradable NFTs that represent cross-chain value. When it comes to the developer ecosystem, Analog has itself bolstered by a comprehensive toolkit which includes Analog watch – a cross-chain data indexing platform akin to The Graph but tailored for multi-chain environments. By having such tools at one’s disposal, the development process becomes much simpler for the developers as they will be able to focus on innovation as Analog handles the interoperability bit of it. In conclusion, Analog is redefining interoperability by providing a framework for dApps to operate across blockchains. Doing so positions it as a key enabler of the decentralized future while paving the way for a new era of innovation in the multi-chain space and blockchain as a whole.
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Over 372M Qubetics Tokens Sold as XRP and SUI Prepare for Explosive Growth
Best Cryptos to Buy Now With Over 372M Qubetics Tokens Sold at $0.0377 While XRP Targets $3–$7.5 and SUI Surges 231% The crypto market is buzzing with activity as December 2024 unfolds. XRP, Ripple’s native token, has seen significant whale activity, suggesting a major price move ahead. Large-scale purchases by whales indicate growing confidence in XRP’s future, with potential price targets of $3 to $7.5 by 2025. Similarly, SUI, the native token of the Sui Network, has experienced a remarkable surge, with its price pumping 231% over the past year. Dubbed the “Solana killer,” SUI’s growth is attracting attention from investors seeking the next big opportunity in crypto. Amidst these developments, Qubetics ($TICS) is making waves by addressing challenges that earlier cryptocurrencies have struggled to overcome. By focusing on user-friendly solutions and seamless integration with existing financial systems, Qubetics aims to make cryptocurrency transactions as straightforward as traditional payment methods. This approach not only simplifies the user experience but also bridges the gap between digital and fiat currencies, fostering broader adoption among businesses and individuals. Qubetics ($TICS): Revolutionizing Digital Transactions Qubetics is on a mission to streamline digital asset management with its Non-Custodial Multi chain Wallet. This innovative wallet integrates seamlessly with major financial platforms like Apple Pay and Google Pay, making crypto transactions as simple as swiping a card. By eliminating the complexities often associated with digital assets, Qubetics is paving the way for everyday use of cryptocurrencies. Imagine a freelancer working with clients worldwide. With Qubetics, they can receive payments in various cryptocurrencies, which are automatically converted into their preferred fiat currency at the point of sale. This feature protects them from market volatility and ensures they receive the exact amount expected, without the need to manually convert or worry about fluctuating exchange rates. As of now, Qubetics is in its 14th presale stage, having sold over 372 million tokens to more than 11,500 holders, raising upwards of $7.5 million. Tokens are currently priced at $0.0377, with a 10% price increase anticipated in the upcoming 15th stage this weekend. This presents a timely opportunity for investors to join before the next price surge. Ripple (XRP): Whale Activity Signals Potential Surge XRP, the digital asset associated with Ripple, has recently garnered significant attention due to increased whale activity. Large investors have accumulated substantial amounts of XRP, indicating a bullish sentiment and the potential for a significant price movement. For instance, consider a scenario where a major financial institution decides to adopt Ripple’s technology for cross-border payments. This move could streamline their operations, reduce transaction costs, and expedite processing times. Such real-world applications highlight XRP’s utility and its potential to revolutionize traditional financial systems. Market analysts have responded to this whale activity with optimistic forecasts for XRP’s future. Predictions suggest potential price targets of $3 to $7.5 by 2025, based on current accumulation trends and investor confidence. SUI (SUI): A Rising Star in the Crypto Space SUI, the native token of the Sui Network, has been making significant strides in the cryptocurrency market. Over the past year, SUI’s price has surged by 231%, reflecting growing interest and investment in the platform. Imagine a tech startup looking to develop a decentralized application (dApp) with high throughput and low latency. By building on the Sui Network, they can leverage its scalable infrastructure to deliver a seamless user experience, accommodating a growing user base without compromising performance. Analysts are optimistic about SUI’s future, with some predicting that the token could reach new all-time highs in the coming months. This positive outlook is supported by the network’s expanding ecosystem and increasing adoption. Wrapping It Up The cryptocurrency landscape in December 2024 presents a variety of promising opportunities. Qubetics is simplifying digital transactions with its user-friendly wallet, XRP is showing potential for significant growth due to increased whale activity, and SUI is emerging as a strong contender in the crypto market with its impressive price surge. Based on the latest research, we recommend considering Qubetics ($TICS), Ripple (XRP), and SUI (SUI) as some of the best cryptos to buy in December 2024. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . CryptoIntelligence
Bitcoin Price on Thin Ice: Could a Major Drop Be Next?
Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level. Bitcoin started a fresh decline below the $95,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $92,000 support zone. Bitcoin Price Revisits Support Bitcoin price failed to start another increase and extended losses below the $98,000 zone. BTC gained bearish momentum below the $96,500 and $95,500 levels. The price even spiked below $92,500. A low was formed at $92,417 and the price is now consolidating losses. There was a minor increase above the $94,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average . There is also a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $95,000 level. The first key resistance is near the $96,000 level or the 50% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. A clear move above the $96,000 resistance might send the price higher. The next key resistance could be $96,800. A close above the $96,800 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,000 level. More Downsides In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $92,400 level. The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $92,500, followed by $91,200. Major Resistance Levels – $95,000 and $96,000. CryptoIntelligence