Tomorrow, October 9, Dogs (DOGS) and Notcoin (NOT) will jointly burn $4 million worth of tokens that have remained unclaimed since both projects distributed tokens in Telegram airdrops.
This event has sparked speculation about the potential impact on their respective prices.
In the first quarter of 2024, Cardano’s (ADA) price surged from $0.46 to $0.80 in under three months. This performance hinted at a run toward the $1 mark. However, since then, the altcoin has been in freefall, showing little to no signs of repeating that performance.
Web3 has a “fundamental” privacy problem that needs to be solved for it to achieve mass adoption, Shahaf Bar-Geffen, CEO of confidential computing platform COTI, told Decrypt.
While blockchain advocates have long celebrated the technology’s transparency, that feature is also a bug, Bar-Geffen said.