1 days ago

Justin Sun’s Grand Strategy For Ethereum Price: $10,000 Target

As the Ethereum price lingers below its all-time highs (ATHs), TRON founder Justin Sun has emerged with a bold vision aimed at revitalizing the altcoin’s value. Sun’s Vision For The Ethereum Price In a recent social post on X (formerly Twitter), Sun proposed a plan that he believes could propel the Ethereum price to unprecedented heights, targeting a price of $10,000. Sun’s strategy hinges on a radical overhaul of the Ethereum Foundation (EF) and the Ethereum protocol itself. Related Reading: US Bitcoin Reserve: Eric Trump’s Deleted Tweet Raises Eyebrows The TRON founder asserts that under his leadership, immediate and decisive actions could almost double the current price peak for ETH. One of his primary proposals is to halt the sale of ETH for a minimum of three years. By doing so, Sun aims to stabilize the currency’s supply and bolster market confidence. To cover operational costs during this period, Sun suggests leveraging Aave (AAVE) lending, staking yields, and stablecoin borrowing, thereby ensuring that the ETH supply remains intact while aligning with deflationary goals. In addition to halting sales, Sun proposes imposing significant taxes on Layer 2 (L2) projects. He believes this move could generate at least $5 billion annually for Ethereum, either in stablecoins or tokens. The revenue from these taxes would be utilized to repurchase and burn ETH in a decentralized manner, further enhancing scarcity and potentially driving up demand. Major Staff Cuts To Transform Ethereum Foundation Into Meritocracy In his social media post, Sun also emphasized the need to streamline operations within the Ethereum Foundation. He suggests a significant reduction in staff, retaining only the most capable team members. Those who remain would receive substantial salary increases, transitioning the Ethereum Foundation into a merit-based organization that rewards high performance. Furthermore, the TRON founder calls for adjustments in node rewards and a stronger focus on fee-burning mechanisms. By reducing node rewards, Sun believes Ethereum can solidify its deflationary status, reinforcing its position as a store of value. Related Reading: Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details The focus, according to Sun, would shift exclusively toward Layer 1 (L1) development, prioritizing scalability, security, and broader adoption. Sun is confident that these initiatives could lead the Ethereum price to surpass $4,500 within the first week of implementation, laying the groundwork for long-term success. While this only represents Sun’s vision for the Ethereum price, any of these proposals, if viable for driving another leg up of the altcoin, could ultimately be adopted by the co-founders or the developers of the platform. As of this writing, the Ethereum price hovers around the $3,200 mark, reflecting a loss of 4% over the past 24 hours. This decline has widened the gap between the current price and its ATH of $4,878, representing a difference of 34.5%. Featured image from DALL-E, chart from TradingView.com

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Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Russia and Indonesia are moving toward ruble-rupiah trade settlements as sanctions and Russia’s SWIFT exclusion drive efforts to establish sustainable, dollar-free financial systems. Indonesia-Russia Trade Sees Shift to Ruble and Rupiah Settlements The global trend of reducing dependence on the U.S. dollar in international trade is gaining momentum, with nations increasingly exploring alternatives. Indonesia and NewsBTC

ION Mining helps you earn $20000 a day ,providing free cloud mining

ION Mining , a trailblazer in the cryptocurrency space, has announced the launch of its groundbreaking cloud mining platform, which offers users the opportunity to earn up to $20,000 per day. This innovative platform is set to redefine the cryptocurrency mining landscape by combining accessibility, efficiency, and profitability for both seasoned investors and newcomers alike. The ION Mining platform provides free cloud mining services, eliminating the need for expensive hardware or technical expertise. By leveraging cutting-edge technology and optimized mining algorithms, users can effortlessly participate in cryptocurrency mining from anywhere in the world. The company’s goal is to democratize access to crypto mining and empower individuals to take advantage of the booming digital economy. ION Mining Registration and Earning Process Step 1: Register Your Account To begin earning with ION Mining, visit their official website. Look for the “Sign Up” or “Register” button on the homepage. Sign up and get $15 instantly Step 2: Purchase a Mining Contract Currently, ION Mining also offers a variety of mining contract options, such as $100, $500 and $1,000 contracts. Each contract has a unique ROI and a specific contract term. ION Mining Contract Plan: Contract Price Contract Duration Daily Interest Rate Total income (principal + profit) $15 1 day 5% $15+$0.75 $100 2 day 3.5% $100+$7+$20referral rewards $300 5 day 1.83% $300+$27.3 $1000 15 day 2.16% $1000+$356.4 $5000 10 day 2.31% $5000+$1155 $12000 30 day 2.46% $12000+$8856 Step 3: Start Free Cloud Mining ION Mining offers free cloud mining services, which means you don’t need to invest in expensive hardware or software. On your dashboard, locate the “Start Mining” button and activate the free mining process. The platform utilizes cloud technology to mine cryptocurrencies on your behalf. Step 4: Monitor Your Earnings As mining progresses, you can monitor your daily earnings directly from the dashboard. Step 5: Withdraw Your Earnings Once you’ve accumulated a sufficient balance in your account, proceed to withdraw your earnings. Step 6: Referral Program (Optional) ION Mining also offers a referral program where you can earn additional income by inviting others to join the platform. Share your unique referral link with friends and family. For every successful registration and mining activity through your referral link, you’ll receive a commission credited to your account. The platform boasts user-friendly features, including real-time earnings tracking, secure withdrawals, and 24/7 customer support. ION Mining ensures that users can start mining immediately after signing up, with no upfront costs or hidden fees. Additionally, the company emphasizes transparency and security, employing advanced encryption technologies to safeguard user data and earnings. As the cryptocurrency market continues to grow, ION Mining’s free cloud mining platform provides an unparalleled opportunity for individuals to capitalize on this dynamic industry. By offering potential daily earnings of up to $20,000, the platform sets a new standard for profitability in the cloud mining sector. About ION Mining ION Mining is a leading provider of cloud-based cryptocurrency mining solutions. Dedicated to innovation and accessibility, the company offers state-of-the-art tools that enable users to mine cryptocurrencies effortlessly and profitably. With a commitment to transparency and customer satisfaction, ION Mining is paving the way for a more inclusive digital economy. Company Name: ION Mining Investment Company Company email: info@ionmining.com Company official website: https://ionmining.com/ Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post ION Mining helps you earn $20000 a day ,providing free cloud mining appeared first on Times Tabloid . NewsBTC