Vitalik Buterin calls for considering privacy as a fundamental criterion in response to a major leak of banking data, which has raised expectations for the price of the Ethereum currency due to its connection with the most notable trends of this cycle. The privacy token trend has gained significant momentum as the next turning point for the adoption of currencies like Zcash-ZEC, before fear, anxiety, and uncertainty (FUD) takes hold in the market.
Vitalik’s recent comments that “privacy is not a feature, it’s essential” have reignited interest in this area, with Ethereum this time at the center of the discussion.
This controversy follows the recent breach of customer data at major US banks such as JPMorgan, Citi and Morgan Stanley, first revealed by the New York Times. Privacy has thus acquired new importance in today’s institutionally driven market cycle, as institutional uses require infrastructure that ensures privacy, while at the same time enabling selective disclosure mechanisms.
The Ethereum Foundation launched a new privacy-focused group and in October revealed the first details of Project Kohaku, a privacy-focused browser wallet and software development kit (SDK).
This represents a step forward from the article Vitalik wrote in April, in which he presented a roadmap for Ethereum to solve the problem of structural data exposure in traditional (TradFi) and public financial networks.
Ethereum Price Forecast: Could a Privacy Coin Scenario Drive the Coin’s Price Up?
As the blockchain underlying potential privacy solutions connecting Web 2 and Web 3, new demand could help Ethereum price complete the final shoulder of a bullish head and shoulders pattern looming on the daily chart. This comes as the price recorded a strong rebound from a historic demand zone near $2,750, reinforcing the hypothesis that the price has reached a local bottom.
The relative strength index (RSI) has rebounded sharply from the oversold zone at 30 after months of continued decline, while the MACD is approaching a golden cross, a signal historically associated with the formation of local bottoms for the price of Ethereum.
A complete breakout of the trend can lead to a retracement The neckline costs around $5,500matching its highest levels ever, and entering a new phase of price discovery With an increase potential of up to 90%.
As the bull market matures, 250% Rally Could Extend to $10,000 Whether Ethereum has a larger role in the transition from the Second Web to the Third Web.
Subd Coin (SUBBD-SUBBD): the third web solution for an industry with a market capitalization of $85 billion
As regulators return their focus to the real-world uses of cryptocurrencies – such as digital representation and privacy – platforms like SUBBD are starting to gain traction; Built as an AI-powered content platform, it redefines the $85 billion subscription economy by giving content creators true ownership of their work and providing audiences with more transparent and efficient access.
By eliminating the role of middlemen, SUBBD puts control back in the hands of value creators, as they can monetize directly from their fans, while fans benefit from early releases, exclusive content and paid benefits that improve the quality of engagement.
The project is seeing growing momentum as IPO proceeds approach $1.3 million as investors support the transition to a decentralized content creator economy. Additionally, both parties will benefit from the SUBBD coin, as it allows content creators to increase their profits, and the public will come closer to them in a decentralized framework compatible with the basic principles of digital currencies.
To visit the official SABBD currency website, click here
Ethereum-ETH price forecast: Vitalik Buterin sends a worrying message after a major bank leak. Are we seeing new uses of money? appeared first on Cryptonews Arabic.
