{"id":415327,"date":"2023-07-04T12:33:11","date_gmt":"2023-07-04T12:33:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=415327"},"modified":"2023-07-04T13:00:55","modified_gmt":"2023-07-04T13:00:55","slug":"from-smart-contracts-to-gig-economy-ethereum-evolution-and-deelances-disruption-unleashing-the-power-of-decentralized-opportunities","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/from-smart-contracts-to-gig-economy-ethereum-evolution-and-deelances-disruption-unleashing-the-power-of-decentralized-opportunities","title":{"rendered":"From Smart Contracts to Gig Economy: Ethereum Evolution and DeeLance’s Disruption – Unleashing the Power of Decentralized Opportunities"},"content":{"rendered":"
Ethereum<\/span> shows signs of price volatility today as its trading volume drops by 5.92% in the last 24 hours.\u00a0<\/span>Despite the current retracement, the number two ranked crypto project still maintains most of its gains from June 2023.<\/span><\/p>\n Ethereum is a decentralized open source blockchain network that hosts numerous crypto projects and executes smart contracts. <\/span>The ERC-20 compatibility standard is arguably the most widely used in the crypto community, with over 280,000 ERC-20-compliant tokens launched.\u00a0<\/span><\/p>\n ETH continues trading below the psychological resistance level of $2,000, which it attained on April 18, 2023. <\/span>It traded <\/span>between $1907<\/span><\/a> on June 1 and the $1800 price range till June 10, when the bears forced its price to decline further to $1752.<\/span><\/p>\n Also, it dropped to $1,650 on June 14 before its eventual recovery to $1,716 on June 16. By June 21, ETH traded at $1,891, briefly touching $1,900 on June 25.<\/span><\/p>\n June 26 ushered in a retracement to $1,859 before it reclaimed the $1,933 price level on June 30. ETH is trading at $1952 as it approaches the $2000 price mark.\u00a0<\/span><\/p>\n ETH is in an uptrend today, forming a green candle on the daily chart. Its price movement is subtle today, as the bears at the $2000 resistance level try to prevent a break above this price point.<\/span><\/p>\n Notably, ETH is trading above its 50-day and 200-day <\/span>Simple Moving Averages (SMA)<\/span>, a bullish sentiment for the asset in the short and long term. <\/span>It implies that the bulls still have the upper hand and hope to consolidate their gains.\u00a0<\/span><\/p>\n Also, the <\/span>Relative Strength Index (RSI)<\/span> value is 62.25, close to the overbought region of 70. However, the RSI displays neutrality as it moves sideways today.<\/span><\/p>\n ETH\u2019s <\/span>Moving Average Convergence\/Divergenc<\/span>e (MACD)<\/span> is above its signal line, a bullish sentiment for the asset. It implies that ETH will likely continue on its uptrend in the coming days.<\/span><\/p>\n However, the Histogram bars are fading on the chart today, noting a possible trend reversal ahead. ETH will likely retrace long-term if the bears sustain their charge.\u00a0\u00a0<\/span><\/p>\n ETH found critical support at the $1827.4 price level sustaining its increase to $1901.2. It is trading close to the psychological resistance level of $2000, where the bears have refused to relent since April 2023.<\/span><\/p>\n A break above this level will send ETH closer to its all-time high value of $4,891, although much of its price movement depends on several factors in the market.\u00a0<\/span>ETH will likely continue its rally in the short term and reclaim higher highs if the bulls sustain the current rally.\u00a0<\/span><\/p>\n Cryptocurrencies are volatile assets that can deviate from historical or predicted price action. Proper risk management and technical analysis are required to trade safely. Most importantly, do your research.<\/p>\n Several factors could influence the price of crypto assets. These factors might work independently or combine to affect its price action.\u00a0<\/span><\/p>\n Some factors include laws of supply and demand, macroeconomic factors such as inflation and recession, crypto regulation, and investor sentiment.<\/span><\/p>\n Also, the utility and adoption of a crypto token are vital to its overall value in the market. Notably, developmental trends within its ecosystem can influence its price positively or otherwise.\u00a0<\/span><\/p>\n Co-founder of the Callisto network, Dexaran, <\/span>announced<\/span><\/a> on Twitter that the ERC-223 standard is now officially part of Ethereum\u2019s documentation.<\/span><\/p>\n Ethereum operates with three token standards, ERC-20, ERC-777, and ERC-223. The ERC-20 token is currently a widely used standard in the crypto industry across several networks. <\/span>However, its limitations include permanent token loss in contracts not designed to receive sent tokens.<\/span><\/p>\n ERC-223<\/span> is more advanced by the ERC-20 standard. It enables tokens to become first-class value transfer assets in smart contract development.<\/span><\/p>\n Also, they are backward compatible with ERC-20 tokens. It implies that ERC-223 supports all functions of ERC-20. <\/span>This <\/span>announcement<\/span> could positively influence ETH\u2019s price if the application of the new standard is successful.<\/span><\/p>\n Ethereum’s <\/span>core developers<\/span>, on June 29, 2023, held a Zoom virtual meeting for their 112th <\/span>All Core Developers Consensus Call (ACDC).<\/span><\/p>\n Ethereum Foundation’s Researcher Danny Ryan chaired the meeting where the developers discussed and suggested changes for Ethereum’s Consensus layer.<\/span><\/p>\n This week’s discussion centered on including a <\/span>builder override flag<\/span> in the engine API and changing the maximum effective balance for validators.\u00a0<\/span><\/p>\n The Ethereum upcoming Cancun-Deneb (Dencun) Upgrade is a hard fork on the network that is vital to the network\u2019s evolution. <\/span>Dencun hopes to introduce important updates, such as security, usability, and scalability.\u00a0<\/span><\/p>\n The developers discussed the critical issues surrounding the upgrade and the results they hope to achieve. <\/span>Also, they plan to deprecate the public <\/span>Goerli test network<\/span> by the end of 2023. Its replacement is a testnet known as Holesky.<\/span><\/p>\n Additionally, they reviewed a <\/span>proposal<\/span><\/a> from an Ethereum Foundation researcher Michael Neuder to increase the effective balance of ETH validators.\u00a0<\/span><\/p>\n He <\/span>noted<\/span> that one of the main benefits of increasing this validation is to boost the maximum effective minimal balance, thereby slowing the growth of validators.<\/span><\/p>\n These upgrades aim at creating a more effective network for Ethereum users and the crypto community<\/a>. The success of these upgrades will likely improve ETH’s price.<\/span><\/p>\n On-chain analytics platform CryptoQuant <\/span>revealed<\/span><\/a> that some notable crypto exchanges had not increased their EYH reserves much in the last two years.\u00a0<\/span>According to the report, Binance, Coinbase, and Gemini were the top three exchanges with the largest <\/span>ETH reserves<\/span><\/a> in April 2021.<\/span><\/p>\n Coinbase held 24.9 billion ETH, Binance 14.5 billion ETH and Gemini 11.6 billion. However, as of May 2023, Binance held 16.6 billion ETH reserves, Coinbase 12.6 billion, and Gemini 3 billion, signifying a drop by these three exchanges.<\/span><\/p>\n Comparatively, the <\/span>Bitcoin reserves<\/span><\/a> on these exchanges increased during the same timeframe ahead of the 2024 halving event. <\/span>This drop can negatively affect Ethereum’s price action in the short and long term.\u00a0<\/span><\/p>\n Ethereum <\/span>announced<\/span><\/a> the launch of its maiden <\/span>Devconnect Scholar Program<\/span>. It will occur in Istanbul, Turkey, from November 13 to 19, 2023.<\/span><\/p>\n Based on this <\/span>announcement<\/span>, individual developers from communities will little or no representation in the ecosystem are eligible to participate. <\/span>Also, the program comes with financial support for participants covering transportation, accommodation, and visa application.\u00a0<\/span><\/p>\n However, an individual must satisfy some criteria to qualify and participate in the program. They include Web3 development, UX, privacy, crypto-economics, governance, and knowledge in protocol management.<\/span><\/p>\n This <\/span>program<\/span><\/a> shows Ethereum’s continuous efforts to encourage a community-based approach.\u00a0<\/span>Also, the programs create awareness in different regions worldwide, potentially boosting Ethereum’s adoption rate and price.<\/span><\/p>\n While Ethereum exhibits price volatility, diversity remains the watchword for crypto<\/a> investors since it reduces the chances of a total liquidation of a trading portfolio.\u00a0<\/span><\/p>\n An exciting new platform for freelancers to network and find quality work could be a reliable alternative and is currently on presale.\u00a0<\/span><\/p>\n The New Job Marketplace<\/b><\/p>\n Deelance is the new face of quality recruitment in the Web3 space. More individuals prefer remote work in the post-pandemic era due to convenience and flexibility.<\/span><\/p>\n This Web-3-enabled platform serves as a job board connecting freelancers and recruiters securely to achieve effective results.\u00a0<\/span><\/p>\n The developers hope the project becomes the number one job board worldwide based on its modern features.\u00a0<\/span><\/p>\n It is a fully decentralized platform where users can easily network and line up for quality gigs despite the growing number of freelancers.\u00a0<\/span><\/p>\n Its <\/span>Blockchain integration<\/span> provides its users with transparency and security, vital features of a quality platform. Dee Lance’s Metaverse gives users a unique and immersive experience on the platform.\u00a0<\/span><\/p>\n The project hopes to address the problem associated with recruitment sites filled with unqualified job seekers, scammers, and unsecured payment methods.<\/span><\/p>\n DeeLance Metaverse<\/b><\/p>\n The project boasts a unique Metaverse, where users showcase their skills and work in exhibitions while participating in virtual networking events.<\/span><\/p>\n Users can purchase office space in the Metaverse, buy lands, and lease office spaces for a more effective work environment.\u00a0<\/span><\/p>\n NFT Marketplace<\/b><\/p>\n Also, DeeLance grants its users access to an NFT marketplace to buy and trade NFTs securely. Work milestones are saved on the network and are collected as NFTs by users.\u00a0<\/span><\/p>\n Also, users collect royalties on their NFTs, an additional income stream for DeeLance users.<\/span><\/p>\n DeeLance Vs. Regular Job Boards<\/b><\/p>\n Most of the popular job boards are currently overcrowded with several unverified accounts that belong to scammers and bots.\u00a0<\/span><\/p>\n However, DeeLance verifies its platform users, thereby eliminating these fraudulent accounts. Also, its Escrow protection feature ensures that freelancers receive payment without delays after completing tasks.<\/span><\/p>\n Also, this platform has no withdrawal limit, and all transactions are fast and secure.<\/span><\/p>\n $DLANCE The Freelancers Token<\/b><\/p>\n $DLANCE<\/span><\/a> is the utility token that enables transactions and activities within the ecosystem.\u00a0<\/span>Investors purchase NFTs from the marketplace and lease land Metaverse plots with $DLANCE.<\/span><\/p>\n Notably, its presales are ongoing; each token is worth $0.043, and a price increase to $0.048 is coming up in the next stage. The presales are successful, raising over $1.4 million.\u00a0<\/span><\/p>\n The $DLANCE tokens can be acquired with ETH, USDT (BEP-20 or ERC-20), BNB, or direct card deposit.\u00a0<\/span>Due to its massive utility and exciting roadmap, this presale will reward early investors when it lists on exchanges.\u00a0<\/span><\/p>\n \n <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"ETH Close To $2000 Price Level Today<\/h2>\n
Ethereum Close To The $2000 Resistance Level<\/h3>\n
Ethereum Support And Resistance Levels<\/h3>\n
Factors Affecting Ethereum\u2019s Price<\/h2>\n
Recent Trends In Ethereum\u2019s Network Likely Influencing Its Price\u00a0<\/span><\/h2>\n
Ethereum\u2019s ERC-20 Added To Its Documentation\u00a0<\/span><\/h3>\n
Ethereum\u2019s Core\u00a0 Developers Hold Consensus Call<\/h3>\n
CryptoQuant Reveals Slows Growth of Eth Reserves On Exchanges<\/h3>\n
Devconnect Program Launches<\/h3>\n
Ethereum Alternative<\/h2>\n
DeeLance ($DLANCE)<\/h3>\n