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BULLISH 📈 : Ethereum developers integrate AI standard for future growth
Ethereum's Integration of AI
- Developers are integrating AI use cases into Ethereum’s core, potentially setting a new AI standard in crypto.
- Introduction of ERC-8004 standard for AI agents includes three registries: identity, reputation, and validation.
- Identity registry assigns unique IDs to AI agents using an ERC-721-style token.
- Reputation registry allows feedback on agent performance, keeping data open and reusable.
- Validation registry enables independent verification of agents' work, with results stored on-chain.
Ethereum (ETH) Price Analysis
- ETH price recently rejected from the $4,000-$4,300 resistance zone.
- Currently trading around $2,940, just above key support at $2,200-$2,300.
- Maintaining trend support is crucial for bullish momentum; reclaiming $4,200 could target $10,000 next cycle.
- A break below current support may lead to correction toward $2,200-$2,000, a potential 25% drawdown.
Bitcoin Hyper Project
- Bitcoin Hyper ($HYPER) aims to enhance Bitcoin by leveraging Solana’s technology.
- Focuses on using Bitcoin as a base layer, moving execution off the main chain while maintaining finality.
- The project includes wallets, block explorer, bridges, and staking tools.
- Raised over $30 million in presale; offers staking yields near 38% APY.
