Goldilocks’ Comments and Global Economic News Tuesday 3-19-2024
Good evening
“User-Ready Mainnet
Phase 2 marks the deployment of a user-ready Mainnet where anyone can deploy and interact with smart contracts. In this phase, the network is ready for more extensive smart contract utilization, so it’s the practical beginning of smart contracts on the Stellar network.”
At the time of this writing, we are just a couple of hours away from the use of digital currencies going to mainnet.
It will be a transition from testnet interactions with cryptocurrencies to actual deployment and use of cryptocurrencies used on a main server.
Here, actual transactions can be made on a blockchain server between companies and countries going forward.
This will begin increasing demand on our new digital economy and new price pressures based on real values.
This does not change paper currency values just yet, but new liquidation of digital assets such as Stablecoins that represent them will provide new price pressures on them over time. Coin Telegraph
© Goldilocks
PHASE 2
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Cryptos are currently in what is called a retracement. This happens before a major price trend changes such as a Bitcoin halving.
This time is different. We have a temporary price reversal taking place within a larger trend.
The larger trend is the movement of money inside a digital economy. This time will give more people an opportunity to buy into cryptos at a lower price.
It can and will lead to a broader adoption inside the new digital asset-based trading system.
Welcome to the expansion of our new economy.
© Goldilocks
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Stellar Lumens Challenges Ethereum: Ripple Rival Expands Reach with Smart Contracts – XLM Poised to Dominate The World | Crypto News Flash
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Investors are about to find out whether Fed still expects 3 rate cuts in 2024 | Finance Yahoo
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Federal Reserve’s interest rate decision ends markets’ long resistance | CryptoPolitan
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CFTC’s Market Risk Advisory Committee to Meet.
The CFTC’s Market Risk Advisory Committee (MRAC) will meet on April 9 at 9:30 am ET. The MRAC will consider current topics and developments in the areas of central counterparty risk and governance, market structure, climate-related risk, and emerging technologies affecting derivatives and related financial markets. Gibson Dunn
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Expert Says It’s Not Crazy If XRP Soars 1,500% to $10 | Crypto Base
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Stellar will invest $100M in Soroban smart contract apps in bid to beat Ethereum | VentureBeat
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Banks place client transition readiness under increasing scrutiny | Responsible Investor
