Crypto analysts are discussing how two altcoin projects that have recently completed major updates and are preparing for new ones throughout 2023 can do 10x.
Altcoin Daily mentions Ethereum could do 10x in the next bull
In a new video, Youtube Altcoin Daily analysts focused on Ethereum (ETH) and the fundamentals of the project, which is very high despite the current bear market. One bullish metric for the ETH ecosystem was the number of smart contracts deployed on the Blockchain. Altcoin Daily shared that the number of smart contracts deployed on the ETH network increased by 293% in 2022.
In addition to the increase in the number of smart contracts, $4.6 billion worth of ETH has been burned since EIP-1559. This is mainly due to the number of decentralized applications (dApps) developed on the ETH Blockchain. The video showed that NFT and DeFi in the ETH network, particularly through OpenSea and Uniswap, are fueling the ETH burning fire.
Altcoin Daily believes signing in with Ethereum will be a big bullish event
A key event that the Altcoin Daily team has been up to is the launch of login with Ethereum. According to the team, logging in with Ethereum will be a “game changer”. This functionality allows users to log in using the same keys that control their Blockchain account, eliminating the need for an intermediary for the login process.
Cardano (ADA) could also be one of the rally candidates
Elsewhere, Cardano staking organization Cardano Fans (pool code CRFA) has posted stress-testing information on Twitter for a new programming language that is likely to replace Plutus in the ecosystem.
Alessandro Konrad, CEO and co-founder of the SpaceBudz collection, maker of Nami Wallet, shared that the Nebula software was recently rewritten in Aiken and tested for resource efficiency. All Aiken actions (token buying, selling, order cancellation, etc.) were up to 10x more efficient than Plutus in terms of memory usage, CPU resource consumption and network charges.
1/ @berry_ales re-wrote Nebula from PlutusTx to Aiken. Numbers are shocking.
This is not even funny. When we say that Aiken is one of Cardano's dark horse for 2023 – what we mean is not only an easier development experience (c-alike functional syntax without mutability) but also: pic.twitter.com/ZjgkVQ1Y27— $matiwinnetou | C₳rdano F₳ns (CRF₳): INDY/FRL (@matiwinnetou) January 20, 2023
Additionally, developers expect “more advanced smart contract scripts” to be deployed with Aiken. In mid-January 2023, the language will soon be released as an Alpha version. Cardano (ADA) developers have already garnered media attention last week by releasing the first iteration of Cardano (ADA) smart contracts written in the cutting-edge Pythonic programming language Eopsin. As Python is considered the programming language for beginners, this initiative will introduce Cardano (ADA) to all Python supporters.
Meanwhile, Cardano (ADA) vice president Tim Harrison shared details about a major release that will be rolled out in February. As Kriptokoin.com, we have included the details in this article. At the time of writing, Cardano is trading at $0.3813, holding its last 24-hour gain of 3.5% after Friday’s rally. It is trading slightly lower in Ethereum above $1,600.
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