Daily Crypto: October 1st, 2024

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Welcome to the OLE777 Daily Crypto! This week would be exciting for the Ethereum community or those who hold an ETH, Vitalik Buterin proposed creating alignment and ETH is predicted to reach $10,000. Therefore, in Southeast Asia, the Indonesian post office launched the first NFT stamp series with a signature design of the Cendrawasih bird, the symbol of Papua Province.

Let’s read more about the exciting news this week!

Vitalik Buterin Proposed Creating Alignment for the Ethereum Ecosystem 

Ethereum co-founder Vitalik Buterin recently proposed creating metrics to assess how well projects align with Ethereum’s core values. He highlighted in his blog on September 28th, the challenge of ensuring that various teams—developers, researchers, and communities—are working toward a unified Ethereum ecosystem. 

He emphasized the importance of open-source projects for security and improvement, as well as interoperability with other applications. Buterin also suggested measuring decentralization and security by considering if a project could survive without its team or resist internal attacks, aiming to foster collaboration within the Ethereum community.

This proposal will have a positive impact on the strongest Ethereum. What do you think guys? Do you agree with Buterin’s proposal?

Ethereum (ETH) Predicted to Reach $10,000 in The Next Bull Market

Good news for ETH holders, this coin predicted will reach to $10,000! ETH’s price action from 2023 to 2024 resembles a past fractal pattern where the price surged after a consolidation period. Ethereum could see a breakout toward $10,000 if the current movement follows the same path.

Therefore, Fibonacci retracement analysis suggests that if ETH mirrors its previous bull runs, the 1.618 and 2.618 Fibonacci extensions could push its price to $6,978 and $10,623, respectively.

Other analyses, based on macroeconomic trends, particularly global M2 money supply growth, may support ETH’s price increase. Historically, periods of rising M2 supply have coincided with Bitcoin and Ethereum’s price growth, indicating that easing monetary policies could benefit crypto markets.

Indonesian Post Office Launches NFT Stamp Series

Indonesian Post Office (PT Pos Indonesia) has officially introduced the signature Art Mural Cendrawasih NFT stamp series. These special stamps combine both physical and digital elements using blockchain technology. Collectors around the world can easily trade and transfer them through the blockchain system, making them accessible globally.

These NFT stamps are seen as valuable collectibles, with their prices expected to rise over time. Faizal Rochmad Djoemadi, the Director of PT Pos Indonesia, emphasized that the stamps are designed for collectors who are looking for items that appreciate in value.

Indonesia is the third country in Southeast Asia, after Thailand and Malaysia, to launch NFT stamps. The Cenderawasih bird, a symbol of Papua, was chosen as the main design, popular among international collectors.