Ethereum can “Blow up even Bigger,” DCG Boss to Donate $1 million if DOGE Hits $1
Billionaire Mark Cuban: Ethereum can Blow up Even Bigger
Ethereum is concluding an impressive week, racing to over $3.8k and registering a new all-time high. However, Billionaire Mark Cuban thinks there is more upside from the popular smart contracting network.
The reason eth has a chance to blow up even bigger is that we have yet to really see business applications built on eth Smart Contracts start to happen. When they do, every company will be eth literate which will change the game. But L2s will have an important role to play too
— Mark Cuban (@mcuban) May 8, 2021
In his view, the more businesses run dApps on the decentralized ledger, the more ETH prices will pump.
Amid this, he adds that Ethereum Layer-2 solutions would play an important role.
If more dApps run on Ethereum, companies will be crypto and smart contracts-literate, a massive boost for crypto and blockchain.
Meanwhile, the shift to Layer-2 would significantly scale the Ethereum base layer. It will allow “heavy” applications to operate seamlessly without scalability troubles and high Gas fees inconveniencing users, slowing down adoption.
Already, some of Ethereum’s DeFi dApps like Synthetix plan to move to Layer-2, a game-changer.
@synthetix_io is very soon to unlock full potential on Optimism L2 allowing for decentralized synthetic spot and leveraged futures trades:
– across crypto and traditional assets
– with 0 slippage
– infinite liquidity
– negligible gas
One of the holy grail visions of DeFi https://t.co/N6EcesSgXX— kertapati (@0x_kertapati) May 5, 2021
This is not the first time Mark is commenting on Ethereum. Earlier, he commented on high Gas fees and the rise of DeFi.
Donating DOGE Profits for Crypto and Financial Education
The CEO of Digital Currency Group (DCG)—the team behind Grayscale—will donate profits from the recent DOGE rally.
In a tweet on May 8, the CEO said all monies made from the surge would go towards “financial education and bitcoin-related causes.”
Any money we make on this we're going to donate to financial education and bitcoin-related causes https://t.co/zNDCH3jPwD
— Barry Silbert (@BarrySilbert) May 8, 2021
To spice things, Barry said that if DOGE hits $1, they will donate $1 million to a charitable cause selected by the Dogecoin community.
And to make it interesting, if $DOGE hits $1 by May 31st, we'll donate $1 million to a charitable cause selected by the Dogecoin community https://t.co/Cm34dbB2XF
— Barry Silbert (@BarrySilbert) May 8, 2021
DOGE is table-topping, surging to $0.70 on Friday before collapsing on Sunday. Nonetheless, the coin is in the top-10 as traders expect further price gains in the coming days to $1.
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