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Vitalik Buterin Advizes Using The Tech to Avoid Crypto Weariness

On December 4, Vitalik Buterin answered a question from a member of the community who stated that they were tired of scammers and fraudsters in cryptocurrency after nine years.

Crypto can be used as a vehicle to speculate at the moment and is where fraudsters thrive. The FTX meltdown was caused in part by bank runs that were fueled by excessive lending and overleveraging.

Buterin recommended focusing on technology and application rather than trading and investing.

“I’d recommend increasing your distance from trading/investing circles, and getting closer to the tech and application ecosystem.”

I recommend reducing your involvement in trading/investing circles and getting more involved with the technology and application ecosystem. You can learn more about ZK-SNARKs and visit a Latin American meetup. Listen to All Core Devs calls, read the notes, and memorize all the …

EIP numbers.

— vitalik.eth (@VitalikButerin) December 3, 2022

Vitalik – Learn More About The Tech

He said that crypto-fools should be educated about the underlying technology such as zk SNARKs.

Zk–SNARK is an acronym for “Zero Knowledge Succinct Non Interactive Argument of Knowledge.” This cryptographic proof allows one party to show that it has certain information, but not reveal what information.

Ethereum’s co-founder also suggested attending crypto and developer meetups, listening to core developer calls, and even memorizing all of the EIP (Ethereum Improvement Protocol) numbers.

Changpeng Zhao,

Binance boss, also offered his support with the words “keep building.” Stani Kulechov, Aave founder, also recommended that we avoid being too closely involved in crypto’s financial side.

“I’d recommend to look into non-financial use-cases and contribute there, its a fresh breath from all financial activity.”

This is the default fallback option for crypto industry professionals in a bear markets .. The only way to keep your faith and belief in the technology and the industry strong is to sell panic (often at a loss) and then get dejected.

Anthony Sassano,

Ethereum advocate, agreed. He added that the bear market was the best opportunity to do this. He said that the tech side was more exciting than markets.

Ethereum price Outlook

The focus on tech comes as crypto asset prices are at the bottom of a long-running winter cycle. The collapse of large platforms like Terra/Luna and FTX has made their already fragile prices even more difficult.

Ethereum has gained 2.6% on the day to reach $1,290 at the time of writing, according to CoinGecko. ETH is approaching its highest price level for almost a month, but there is a lot of resistance at $1,300.

The asset remains down 73.5% from its all-time high, but that is not as deep as some of the other altcoins.


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Arthur Hayes Says Cardano Is A ‘Shitcoin’ – Here’s Why

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes.

“Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday.

Cardano Is A Shitcoin, Says Hayes

Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be irrelevant,” he said.

Typically, the popular crypto essayist and trader is well known as one of the loudest long-term Bitcoin (BTC) and Ethereum (ETH) bulls, and often expresses interest in small-cap cryptos for short-term trading.

During the same interview, Hayes even expressed interest in the memecoin “dogwifhat” calling it the “best dog money of this bull cycle.

“I love Rare Pepe’s… I think we’re going to see a resurgence of NFT trading volumes,” he added.

The writer’s unique callout of Cardano ruffled some feathers online – especially with the network’s founder, Charles Hoskinson. On Tuesday, Hoskinson asked Hayes why he was “throwing shade” at Cardano.

“Cause your coin is a piece of shit man,” Hayes replied. “Just buy some ETH and chill.”

What Makes Cardano Unique?

Much like Ethereum, Cardano is a smart contract platform for developing decentralized applications. It also popularized as one of the first well-developed proof-of-stake cryptocurrencies, which use crypto rather than energy to secure its network.

However, many popular blockchains today now use the same mechanism, with Ethereum undergoing a massive upgrade in 2022 to adopt proof of stake. In terms of both market size and DeFi TVL, Cardano is still outsized by competitors like Ethereum, Solana, and Binance Smart Chain (BSC).

On Tuesday, Hayes published a list of the world’s most popular Dapps, and asked which of them had originated or grown most popular on the Cardano blockchain.

“From my very limited knowledge, it looks like none of them do,” he said. “That’s why ADA is dog shit.”

On Bitcoin, however, Hayes remains a bull, expecting strong money printing from the Federal Reserve to drive the asset’s price up soon.

“When printing money happens and you debase the value of time and human labor, we rejoice and say great, fuck you, we’re gonna take Bitcoin to a million,” he told Coin Bureau.

Late last year, Hayes predicted that Bitcoin would reach between $750,000 and $1 million by the end of 2026.


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Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend

On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday…
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Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes

Ethereum started Monday with its price hitting $2,934 per unit, marking a week filled with a strong 14.9% increase. Over the preceding fortnight, the second-leading crypto asset by market cap witnessed a substantial 25.9% upswing. Kicking off this week, ether’s trading volume over the past 24 hours has hovered around $24.74 billion…
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