Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Menu
200% Bonus
Track your PortfolioTrack your Portfolio Track your arrow
Price Analysis
Top 8 Altcoins That Will Benefit From Bitcoin’s Advent to $50K, Analyst Says ‘Stack Now’
Author: Nidhi Kolhapur

Feb 14, 2024 11:01
news-image
Bitcoin & altcoin bounce back
Crypto analyst Altcoin Daily recently weighed in on Michael Saylor’s prediction that Bitcoin is on the verge of surpassing its all-time highs and potentially reaching $100,000. Altcoin Daily pointed out the significant demand for Bitcoin through ETFs, far outweighing the natural supply from miners.

Advertisement
first-banner-ad
This surge in demand and the upcoming halving event is expected to drive a substantial influx of capital into the crypto industry. In addition to Bitcoin, Altcoin Daily discussed potential opportunities in other cryptocurrencies, particularly Ethereum.

Ethereum: Getting Stronger
Ethereum is like Bitcoin’s cousin. It’s also getting more popular, especially because big investment companies are interested in it. They want to make it easier for regular people to invest in Ethereum, just like they can with stocks. This could make Ethereum prices go up a lot.

Solana: A Rising Star
Solana emerges as a standout contender, drawing attention as a potential star of the current cycle. With its impressive performance metrics and user-friendly ecosystem, Solana is drawing the interest of investors and developers alike, solidifying its position as a major player in the crypto arena.

Cardano & Polkadot: Doing Things Differently
Cardano and Polkadot shine for their innovative approaches to blockchain technology. While Cardano utilizes Polkadot’s SDK, both projects showcase unique features and applications within the crypto market. As Polkadot gears up for its highly anticipated 2.0 upgrade, investors eagerly anticipate transformative changes that could propel its growth trajectory.

Also Read: Will Bitcoin Price Stay Above the $50K Levels for Only 144 Days? Analyst Says FOMO Is Kicking In

Tezos: Making Bitcoin Better
Tezos is touted as a scalable solution for Bitcoin, offering swift transactions and minimal fees. With its Layer 1 smart contract blockchain, Tezos provides a decentralized and privacy-centric alternative, catering to the increasing demands of the crypto community for efficient and secure transaction solutions.

Privacy Coins & Chainlink: Changing How We Handle Money
Privacy-centric coins like Monero and Zcash, alongside projects such as Chainlink, play crucial roles in reshaping asset management. With Chainlink’s wide array of services enabling seamless integration of real-world assets into blockchain ecosystems, a new era of finance characterized by tokenization and widespread adoption is on the horizon.

AIT Protocol: Using AI to Make Things Better
AIT Protocol is a new kind of cryptocurrency that uses artificial intelligence (AI) to do special things. It’s trying to make the internet smarter and create new jobs.

Altcoins Price Analysis
Facebook X LinkedIn Tumblr Pinterest Reddit
Was this writing helpful?
No Yes
Related Articles
Bitcoin Price Prediction: BTC Price Poised To Hit $700K, Crypto Expert Reveals Timeline
February 15, 2024
Bitcoin and Ethereum Price Prediction: Record-Breaking Highs Set For 2024
February 15, 2024
Bitcoin Price Hits $52K for the First Time Since December 3rd, 2021
February 15, 2024
Top Altcoins to Stack For 20x Returns As AltSeason 2024 Begins
February 15, 2024
Advertisement ×

Recent News
blockchain-life-dubai
Blockchain Life 2024 in Dubai – Waiting for ToTheMoon
February 15, 2024
Bitcoin, Expects New All-Time High
Bitcoin Price To Hit All-Time High By March End: Predicts QCP Capital
February 15, 2024
tron
100x Your Money with Scorpion Casino as Tron and Stellar Stale
February 15, 2024
Bonk Emerges as Meme Coin Contender
BONK Price Surge After Revolut Eyes Listing: Will This Ignite Memecoin Rally?
February 15, 2024
sol-pullix
Trader Who Made Millions On Solana (SOL) Meme Season Is Betting Big On This Altcoin
February 15, 2024
solana
More $SOL FUD as Questions Arise Over Transaction Speeds – Could the Sun Set on Solana? And Who Would Take Its Place?
February 15, 2024
crypto-analyst
Crypto Analyst Predicts Parabolic Price Rise for XLM and KangaMoon (KANG), XRP Validates Potential Rally
February 15, 2024
Bitcoin Price Analysis
Bitcoin Price Prediction: BTC Price Poised To Hit $700K, Crypto Expert Reveals Timeline
February 15, 2024
everlodge
BNB and IMX Rides the Bullish Wave, Everlodge (ELDG) for Massive Gains in the RWA Market
February 15, 2024
dai
DAI investors diversify into DeeStream (DST) crypto streaming platform as ICP drops in value
February 15, 2024
cp-logo
Cp-Organization
Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World.
DMCA.com Protection Status
Follow Us
rssFacebookTwitterPinterestLinkedinInstagramMediumTelegramSteemitQuoraSubstackGettr
© Copyright 2024, All Rights Reserved | Coinpedia
About UsAdvertisePartnersAuthorsPrivacy PolicyTerms and ConditionsEditorial PolicyFeedback
×sticky-ad
Facebook
X
WhatsApp
Telegram
Viber
Back to top button
home iconHomenews-categoryLive Newsfooter-logomarket-iconMarketportfolioPortfolio
search

The Defiant
Join DeFi Alpha

Chainlink Strikes Partnership To Enable Smart Contract Interactions With Telecom Networks

Chainlink Labs will enable Polygon-based smart contracts to query Telefonica's mobile operators.

By: Samuel Haig • 5 hours ago

Chainlink Strikes Partnership To Enable Smart Contract Interactions With Telecom Networks
Chainlink Labs has teamed up with Telefonica, a Spain-based multinational telecommunications firm, to facilitate Polygon-based smart contract interactions with its telecom networks.

The partnership was announced on Feb. 14, allowing Polygon-based smart contracts to query information from Telefonica and its subsidiaries via the Global System for Mobile Communications (GSMA) Open Gateway APIs.

“Our collaboration with Telefónica on the Open Gateway initiative extends the ways in which the industry-standard Chainlink platform underpins security across the blockchain ecosystem,” said Johann Eid, chief business officer at Chainlink Labs. “Bringing Telefónica’s Open Gateway APIs on-chain with Chainlink Functions unlocks novel use cases and greater security for our industry.”

GSMA Open Gateway comprises a suite of standardized telecommunications AIPs designed to expand the functionality of mobile networks, including integrations with web3. Telefonica said the APIs facilitate secure account creation, advanced fraud detection, and enhanced privacy.

Ads by HypeLab
Telefonica’s Brazilian subsidiary will be the first telecoms company to commercialize the integration. The company will leverage the GSMA Sim Swap API to protect against fraud, particularly SIM-swaps and similar “takeover attacks.”

The GSMA Open Gateway initiative was rolled out by leading mobile operators in Spain on Feb. 6, with Telefonica, Vodafone, and Orange supporting two of the eight APIs. GSMA said 39 telecommunications operators spanning 228 mobile networks currently support the APIs globally, including Amazon Web Services, Microsoft Azure, and Nokia.

“This collaboration marks a significant step in integrating telco capabilities into the blockchain industry and demonstrates the need for secure oracle networks to deliver real-world data on-chain,” Telefonica said. “This interconnected ecosystem enhances the functionality and security of Web3 applications, contributing to a more robust and verifiable digital landscape.”

GSMA is an industry association and lobby organization representing more than 1,000 mobile operators worldwide.

The rise of DePIN
The news comes amid increasing buzz surrounding web3’s nascent Decentralized Physical Infrastructure Networks (DePIN) sector.

Examples include the recent success of Helium’s mobile services — including Telefonica teaming up with the project to launch Helium mobile hotspots in Mexico last month, mapping networks like Hivemapper and DIMO, energy networks like React or Energy Web, and decentralized cloud computing projects like Filecoin.

DeFi Alpha
Premium Content
Start for free
Last month, Messari estimated the addressable market cap for DePIN projects is $2.2T, with the potential to rise to $3.5T by 2028.

Subscribe to DeFi Daily Newsletter and Get Smarter on DeFi & Web3.

Enter your email
Subscribe
80k+ investors informed every day.