Once again, for the second time in a year, the economic turmoil out of the Chinese market has threatened the prices of Bitcoin and other assets. Stay away from FUDs. Despite the downtrend throughout the week, Bitcoin millionaires remain bullish, speculation says BTC price will reach 69 thousand dollars In the next bull race!
Interestingly, Bitcoin smart contracts are in the works! Yes, you read it correctly, Bitcoin is all set to enter the world of smart contracts very soon. However, with Bitcoin, altcoins like Internet Computer (ICP), Unilayer Protocols and Flow are expecting great success with new collaborations!
Internet Computer (ICP):
The Internet Computer (ICP) is the world’s first blockchain that makes it easier for users to create dApps, websites, and other web-based services. ICP is about to achieve new milestones. The Dfinity Foundation, which owns the ICP, announced on September 22 that the protocol is integrating with Bitcoin. Yes, the network brings smart contract capabilities to the Bitcoin blockchain.
Dominic Williams, founder of the Dfinity Foundation, stated:
“Smart contracts for computers on the Internet will gain access to bitcoin’s liquidity, and bitcoin will gain powerful new smart contract functionality, without the need for insecure and cumbersome bridging services.”
What does that mean for bitcoin?
With ICP introducing the DeFi ecosystem to the Bitcoin blockchain, traders can use the most valuable currency to lend, grow yields, derivatives, liquidity pools, and more.
This update is scheduled to be released by the end of the year. Once it goes into effect, with the price of Bitcoin, the ICP has a great opportunity to reach new milestones.
The platform is a new generation decentralized trading platform built on top of Uniswap. Furthermore, the protocol recently made an exciting announcement regarding the platform’s integration with Cardano smart contracts.
Yes, this is correct! According to recent reports, Unilayer announces that the platform aims to extend all of its DeFi tools to the Cardano chain and deploy all of its smart contracts on Alonzo Hard Fork.
The platform recently released a trailer on Gaia, and Unilayer the official metaverse game ecosystem. The interesting part is that Unilayer is preparing for distribution 15 Million Gaia Tokens Via Airdrop on October 31, 2021. Check the eligibility criteria. Furthermore, the top 100 holders will be rewarded with the Gaia Elite NFT.
With many collaborations and upgrades on its way, Unilayer is one of the tokens to watch out for in the coming days!
Flow is an innovative project created as the basis for a new generation of DeFi applications and games. Dapper Labs, which owns the FLOW protocol, announced on September 22 on Twitter that the team had raised it 250 million dollars from existing investors. With this Dapper Labs it is said to reach a total $7.6 billion evaluations.
In addition, on the same day, the platform also entered into a partnership with the best Spanish football league. The move is for the launch of the NFT Football Marketplace, which will feature digital holdings from the 20 league teams.
In the coming days, these collaborations and developments are likely to drive the price of streaming to the Moon. However, persistent FUD is not new to the crypto space. These amazing technologies have a strong potential to revolutionize the ecosystem.