- Shimmer launches a feeless Layer 1 with customizable fee-based smart contracts, potentially revolutionizing web3 and DeFi.
- Renowned investor Raoul Pal gives insights on Solana’s rapid integration into Visa’s pilot and anticipates potential 2024 central bank policies.
Pal’s Gaze on the Crypto Horizon
Raoul Pal, a globally recognized macro investor, recently shone a light on the cryptosphere, particularly underlining the juxtaposition of stagnation and growth. Despite the crypto market’s seemingly calm demeanor, often attributed to diminished liquidity, the sector has burgeoned, reflecting a growth rate between 50-100% within this year. However, the optimism is slightly tapered due to the market’s stagnant progression since April.
1/3)🌐 Unraveling the Shimmer Enigma: Feeless vs. Fee-Empowered 🧵✨
Ever wondered why Shimmer is feeless while ShimmerEVM embraces gas fees? Let's explore the differences between #Shimmer's feeless transactions and #ShimmerEVM's gas-powered smart contracts. #IOTA #Shimmer🤔⬇️ pic.twitter.com/SXgOt60Jeb
— Collin Brown (@CollinBrownXRP) September 21, 2023
Central banks, the puppet masters of monetary policies, play an instrumental role in shaping market sentiments. Current market fluctuations hint at a potential slowing of the economy, coupled with increased unemployment rates and a decline in inflation. Drawing from these indicators, Pal postulates that 2024 might see central banks adopting a more malleable approach, pausing on rate increments, reconsidering quantitative tightening, and possibly slashing rates. Such a strategic shift could be the linchpin that alters financial dynamics in the forthcoming year.
Solana’s Accolades and Financial Trajectory
In the milieu of blockchain innovations, Solana has conspicuously marked its territory, primarily accentuated by its recent integration into Visa’s blockchain pilot program. Solana’s ascendancy in this space, according to Pal, can be credited to its agility in processing transactions and its stark differentiation from Ethereum.
Solana’s ethos, an amalgamation of collaboration and inclusivity, steered by visionaries like Tolly, has ushered in a conducive milieu for both developers and users. This symbiotic relationship has been the cornerstone of Solana’s unwavering performance, especially amidst the capricious nature of the crypto domain.
A quick price analysis of Solana (SOL) presents a vivid picture of its financial journey. Currently valued at $19.23, SOL has witnessed a tumultuous year, soaring to an apex of $32.13 in July, only to descend thereafter. The past week saw SOL plummet to a low of $18, a valuation that has recurrently served as its safety cushion, with minor exceptions. While weekly trajectories hint at a potential dip, a granular view of daily charts paints a more sanguine picture, with SOL recuperating from a consistent support line for the third consecutive time.