KEYTAKEAWAYS
Ethereum Developers Plan Pectra Mainnet Upgrade in March
Early-Stage Investments Grow by 20.6% in 2024
XRP's Google Search Popularity Surpasses BTC Again
CONTENT
ETHEREUM DEVELOPERS PLAN PECTRA MAINNET UPGRADE IN MARCH
Ethereum developers plan to launch the Pectra upgrade for the network in March 2025, with specific milestones set before the mainnet fork.
According to the latest core developer call, new clients for the Ethereum testnets Sepolia and Holesky are expected to be released in February. If the testnet forks proceed as planned, the mainnet will launch in March.
Analysis:
The Pectra upgrade marks a significant step in Ethereum’s ongoing optimization and expansion, expected to enhance network performance and scalability. The upgrade plan includes hard forks and client updates for testnets, paving the way for the mainnet upgrade.
Successful testing will boost confidence in the mainnet upgrade and strengthen community and developer support.From a market perspective, the Pectra upgrade could bring technical improvements to Ethereum, further solidifying its position in the decentralized application (dApp) and smart contract platform markets.
However, any uncertainties or technical issues during the upgrade process may cause short-term market volatility. Investors should monitor the progress of the testnet forks.
EARLY-STAGE INVESTMENTS GROW BY 20.6% IN 2024
RootData released the “2024 Web3 Industry Investment Research Report,” showing that early-stage investments (below $5 million) still dominate, with 627 funding events in 2024, a 20.6% increase from 520 projects in 2023.
Analysis:
For the cryptocurrency sector, this trend indicates that more capital will flow into decentralized platforms and blockchain technology application development, particularly in areas like decentralized finance (DeFi), NFTs, and DAOs.
As investor confidence in the Web3 industry grows, this could lead to greater market activity and potentially drive demand for related cryptocurrencies.
XRP’S GOOGLE SEARCH POPULARITY SURPASSES BTC AGAIN
According to Google Trends data, XRP (Ripple) has recently surpassed BTC (Bitcoin) in search popularity. This marks the second time XRP’s search popularity has exceeded BTC since early last month, when XRP’s price also hit a record high.
Analysis:
The rise in XRP’s search popularity typically indicates increased market attention, reflecting growing investor interest in XRP.
This fluctuation may be directly related to XRP’s recent market performance, such as its price hitting new highs or significant news and developments driving market focus. In contrast, Bitcoin (BTC), as the market leader, tends to have more stable search popularity.
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