Dogecoin (DOGE) $1 Target Faces Skepticism as Little Pepe (LILPEPE) Gains Attention With 45x Potential

PANews reported on September 29th that according to The Block, Jump Crypto's Firedancer team is building a high-performance client for Solana. Their SIMD-0370 proposal proposes removing the current fixed limit of 60 million CUs per block (a previous proposal had raised this limit to 100 million) after Solana's major Alpenglow upgrade, scheduled for testing later this year. Without a fixed limit, block size would adjust based on the transaction volume accommodated by high-performance validators, while weaker validators would automatically abstain from voting on oversized blocks by skipping the voting mechanism. The proposal argues that removing the limit would encourage well-funded block producers to upgrade their hardware and add more transactions to increase revenue, incentivizing others to follow suit, creating a "flywheel effect" and increasing the average capacity of validator clients. Roger Wattenhofer, head of research at Anza and a driving force behind Solana's Alpenglow upgrade, supports removing the limit but also expresses concerns about potential centralization and network stability risks. He stated that these issues are solvable and that he has been a staunch supporter of removing the limit.

PANews reported on September 29th that according to Cointelegraph, market analyst Jordi Visser stated that while the fourth quarter is often a buoyant period for crypto asset prices, Bitcoin's path to a record high of $112,046 is subject to corrections of 20% or more, and the fourth quarter is no exception. He compared Bitcoin to Nvidia, which has become the world's most valuable company and the first to reach $4 trillion, noting that in less than three years since the launch of ChatGPT, Nvidia's stock price has risen by over 1,000%, with five corrections of over 20% before reaching new all-time highs. This trend is expected to be true for Bitcoin. Visser predicts that the development of artificial intelligence will erode traditional companies and make stocks obsolete, leading investors to turn to Bitcoin, making it the best store of value in the digital age. Currently, while gold and stocks are reaching new highs, Bitcoin is trading around $110,000, down approximately 11% from its all-time high. Investors are divided on whether Bitcoin can reach new highs in the fourth quarter. Regulatory hurdles and the slow progress of the US's strategic Bitcoin reserve have tempered the expectations of some analysts, who previously believed that government purchases of Bitcoin would be the primary catalyst for Bitcoin's price by 2025.

The crypto market is at a turning point. The Digital Asset Market Structure Clarity (CLARITY) Act is a new trigger in Washington as price action swings on technicals and ETF speculation. Recently proposed by the House Financial Services Committee, the bill might change U.S. digital asset regulation. This push yields a clear takeaway for investors: [...]]]>