Ethereum (ETH) Price Breaks Through $3,100, Bullish Potential in Sight?

Ethereum's price has broken through $3,100, sparking bullish potential as it approaches new highs. Explore the factors driving Ethereum’s growth, including its diverse ecosystem, technical indicators, and upcoming network upgrades. Is Ethereum on track for $4,000? Find out in this analysis.

Ethereum, the world's second-largest cryptocurrency by market capitalization, has been making significant strides in recent times. Despite experiencing a recent pullback, the underlying fundamentals and technical indicators suggest a promising future for the Ethereum ecosystem.

Today, Ethereum's price is even stronger again. The increase of almost 2% occurred with a promising price. Will Ethereum's bullish potential bring it to a new ATH? Or is the hope of $ 4,000 just a dream?

The Ethereum Ecosystem

The Ethereum ecosystem is vast and diverse, encompassing a wide range of projects and applications. Some of the most prominent include:

1. DeFi Protocols: Platforms like Uniswap, Aave, and Curve Finance have transformed the way people interact with financial services.

2. NFTs: Ethereum is the leading platform for NFTs, with marketplaces like OpenSea facilitating the buying and selling of unique digital assets.

3. DApps: Decentralized applications built on Ethereum provide a wide range of services, from gaming to social media.

A Resilient Network

One of the key factors driving Ethereum's resilience is its robust and ever-evolving network. The Ethereum community is constantly working on upgrades and innovations to enhance the platform's scalability, security, and user experience.

The upcoming Shanghai upgrade, which will enable the withdrawal of staked ETH, is a significant milestone that could further bolster the network's strength.

Ethereum’s Bullish Outlook

Technical analysis indicates a potential bullish trend for Ethereum. The recent price correction has provided an opportunity for investors to accumulate ETH at a relatively lower price. As the market recovers, Ethereum could experience a significant upward movement.

On-chain data also supports a bullish outlook. The increasing accumulation of ETH on exchanges suggests that investors are preparing for a potential price surge. Additionally, the growing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs) on the Ethereum network is driving demand for the cryptocurrency.

Looking at the data from the chart above, when this article was written on November 18, Ethereum experienced an increase of 0.42% and was trading at $3,112. However, the ETH RSI value is actually below 50, which means that the selling trend is still dominant compared to the buying flow. The MACD line has also decreased because it is currently sloping. 

Conclusion: The Road Ahead

While the future of Ethereum is promising, it's important to acknowledge the challenges that lie ahead. The competition from other blockchain platforms and the potential for regulatory hurdles could impact the cryptocurrency's growth.

However, with a strong community, innovative technology, and a growing ecosystem, Ethereum is well-positioned to maintain its dominance in the blockchain industry.

As an investor, it's crucial to conduct thorough research and consider the risks involved before investing in cryptocurrencies. While Ethereum has shown significant potential, the market remains highly volatile, and prices can fluctuate rapidly.

By staying informed about the latest developments in the cryptocurrency market and making informed decisions, investors can navigate the complexities of the crypto landscape and potentially reap the rewards of long-term investment in Ethereum.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

DOST to unveil Filipino Inventions at SIIF 2024 in South Korea

 

Wazzup Pilipinas!?

The Department of Science and Technology—Technology Application and Promotion Institute (DOST-TAPI) strengthens its internationalization campaign for technology promotion by showcasing the ingenuity of Filipino inventors and innovators at the Seoul International Invention Fair (SIIF) 2024, to be held in Seoul, South Korea, from November 27 to 30, 2024.

 The Seoul International Invention Fair – SIIF 2024’s Official Cover Page (Photo reference from this website: https://ifia.com/event/siif/

This participation reflects DOST-TAPI's continuous commitment to advancing technology transfer programs, fostering global market penetration, and supporting Filipino inventors through strengthening and expanding its international linkages. The Seoul International Invention Fair (SIIF) 2024 is a premier global event that promotes innovation and invention. Hosted by the Korean Intellectual Property Office (KIPO) and organized by the Korea Invention Promotion Association (KIPA), SIIF has been showcasing world-class inventions since 2002. The fair brings together inventors, researchers, manufacturers, investors, and distributors from over 30 countries, offering a platform for networking and collaboration.

Here are the homegrown inventions that will represent and raise the Philippine Flag at SIIF 2024:

1. MAKE-roscope

Inventor: Engr. Jeremy C. De Leon

This compact device transforms smartphones or tablets into portable microscopes, offering magnifications up to 400 times. It’s an affordable alternative for students and schools that may not have access to individual microscopes.

2. Multifunctional School Furniture / Silyang Pinoy

Technology Owner: DOST - Forest Products Research and Development Institute (FPRDI)

Inventors: Engr. Edward Paul S. Marasigan, Loreto A. Novicio, Chris Johnniel France Rana, Victor G. Revilleza, Precious Lynne S. Payuan. Calixto T. Calulo. Rafael D. Sungcaya, and Eduardo M. Atienza

A multifunctional desk made of engineered bamboo, designed to serve as a desk, chair, and even a bed during emergencies in evacuation centers.

3. Smarter and Integrated Local Health Information System (SMILHIS) – eHATID

Technology Owner: Ateneo de Manila University

Inventors: Jaztine Calderon, Dennis B. Batangan, Andrei D. Coronel, Ma. Regina Justina E. Estuar, Marita Concepcion C. Guevara, Maria Elissa J. Lao, Romel John B. Santos, Rose Ann Camille C. Caliso, Michelle D. Macalintal, Jann Alfred A. Quinto, Patria Luwalhati D. Garcia, Jan Jacob B. Carpio, Vincent Cristopher A. Santiago, and Anna Christine M. Amarra

The eHATID system digitizes patient records to streamline data management and reporting, featuring an offline mode for remote access and analytics. Specifically designed for local health government units with limited resources, it aims to enhance public health services and outcomes.

4. DEBCC Cream for Skin Cancer & DEGEN Cream for External Genital Warts

Inventors: Lelalee Dela Cruz-Alonte, Lorena Dela Cruz-Chiu, Richard Dela Cruz, and Rommel Dela Cruz

DEBCC Cream is a herbal cream made from cashew nut extract and other local ingredients designed as a potential solution for basal cell carcinoma (BCC), a form of skin cancer.

Meanwhile, DEGEN Cream is a topical cream made from natural ingredients aimed at treating external genital warts, providing an alternative to surgical treatments.

5. Smart Helmet: The Head Covering Emergency Alarm System

Inventors: Peter John R. Bacani, Miraleih S. Jaime. Roldan Guiuo, and Wendilyn Cabanilla

A smart helmet equipped with AI and sensors to monitor rider safety, detecting over-speeding, and fatigue, and sending emergency alerts in case of danger or accident.

6. i-POND

Technology Owner: DOST-Metals Industry Research and Development Center (DOST-MIRDC)

Inventors: Glen D. Espeña, Ernest Jerome N. Mojica, Ronie S. Alamon, Maybelyn D. Rivera, Franz Joseph D. Libao, Nicole Ann Portia U. De Luna, Von Jansen G. Comedia, & Isidro D. Millo

A real-time water monitoring system for shrimp farming, which measures critical parameters like temperature, pH, and salinity to optimize farming conditions.

7. HormoGroe® Nanoformulated Plant Growth Regulator

Technology Owner: University of the Philippines Los Baños (UPLB)

Inventors: Lilia M. Fernando, Erlinda S. Paterno, Herald Nygel F. Bautista, Juan Miguel K. Parami, Teofila DC Villar, and Florina E. Merca.

HormoGroe® is a natural plant growth regulator, encapsulated in tiny particles for controlled release, which helps prevent soil degradation. Derived mainly from plant-based sources, it promotes sustainable farming by supporting plant growth in an eco-friendly way.

8. Wastewater Treatment System for Wet-type Finishing Spray Booths

Technology Owner: DOST - Forest Products Research and Development Institute (FPRDI)

Inventors: Engr. Edward Paul S. Marasigan, Aralyn L. Quintos-Cortiguerra, Benjo S. Salvatiera, Jeremiah Vi R. Dumalaon, Jason P. Esguerra, and Liza P. Patacsil

The Equipment System and Process for Treating Wastewater from Wet-type Finishing Spray booths addresses toxic chemicals observed in wastewater from furniture-manufacturing companies by controlling the spread of excess varnish or paint. This technology helps reduce the release of poisonous substances into the environment.

9. Turbo Rice Steamer

Inventor: Mr. Francisco H. Gecosala

The Turbo Rice Steamer can cook large quantities of rice, reducing the number of batches needed to supply fast-food restaurants and catering services. Also, it could be powered by various fuel sources, including wood, charcoal, rice husk, and liquefied petroleum gas (LPG).

10. Development and Field Testing of Retort Foods as Food Ration for Men in Uniform during Combat and High-Risk Operations

Technology Owner: Technology Owner: DOST-Industrial Technology Development Institute (DOST-ITDI)

Inventors: Floridel V. Loberiano, Grace D. Noceja, Ermin S. Orendain, Vicente P. Casas, & Allan B. Quirante

Under the brand “Pack of Duty,” this Ready-to-Eat meal offers safe, stable food rations with nutritional value in sealed containers or pouches. With a one-year shelf life, it provides convenience for people with demanding jobs, outdoor activities, and emergency needs.

11. IET Pro: The Impulse Excitation Technique Prototype

Inventors: Beatrice V. Bayan, Jose Mario A. Diaz, & Geoffrey Matthew Tan

The IET Pro is an affordable, non-damaging tool for measuring how materials bend and stretch, compared to commercially available IET tools. It consists of a mainframe, USB microphone, and impulse or mallet, making it essential for small-scale research and helping engineers select suitable project materials.

12. Covert Security Yarns for Anti-Counterfeiting

Technology Owner: DOST-Philippine Textile Research Institute (DOST-PTRI)

Inventors: Dr. Julius L. Leaño, Jr., Jenneli E. Caya, Gabriel Nicolo A. De Guzman, Jeff Ryan S. Magalong, Danielle Marie D. Magpantay, & Michael Raymond T. Samson

The Covert Security Yarn technology embeds glow-in-the-dark materials into textile fibers to distinguish imitated textiles from authentic ones, enhancing security features. The textile markings emit colors when exposed to UV radiation, allowing traceability of the fabric’s origin.

13. Bamboo Textile Fiber Technology

Technology Owner: DOST-Philippine Textile Research Institute (DOST-PTRI)

Inventors: Dr. Julius L. Leaño, Jr., Eduardo M. Marin, & Lucila E. Yap

Bamboo Textile Fiber Technology offers an eco-friendly method of extracting bamboo fibers to produce fabrics using alkaline solutions which is less damaging to the environment. Unlike the traditional, expensive process, this approach aligns with global trends toward sustainability and eco-friendly practices.

14. Pili Seal®

Inventor: Engr. Mark Kennedy E. Bantugon

The Pili Seal, derived from discarded Pili tree resin, provides a sustainable, dual-purpose solution both as an adhesive and sealant, minimizing environmental risks compared to synthetic alternatives. Its ability to adhere to a wide range of materials, including metal, glass, wood, ceramics, and more, makes it suitable for industries like aviation, construction, and roofing.

Strengthening International Partnerships for Filipino Inventors

DOST-TAPI’s participation in SIIF 2024 exemplifies the growth of the Philippines in the global innovation ecosystem. Through its engagement at this fair, DOST-TAPI not only highlights the inventive prowess and ingenuity of Filipino inventors but also seeks to forge valuable partnerships with international markets. These collaborations open doors for Filipino inventions to be recognized globally, facilitating cross-border technology transfer, investment opportunities, and partnerships with foreign industry leaders.

Potential Expansion of Philippine Inventions in the Global Market

With the spotlight on Filipino inventions at SIIF 2024, DOST-TAPI is also focused on boosting the global competitiveness of local inventions. Through its participation, the Institute aims to expand the reach of these inventions to international markets, ensuring they are recognized for their practical applications, sustainability, and relevance to global challenges. This strategic move is key to positioning the Philippines as a hub for innovation, with local inventions making a significant impact in various industries worldwide.

As DOST-TAPI strengthens its role in advancing Filipino innovations, events like SIIF 2024 reflect the institute’s commitment to nurturing Filipino inventors, amplifying their voices, and championing their advocacies for Filipino innovation worldwide.

** This article is part of the "SPICE: Science and Technology Promotion for International Contest and Exhibits" campaign for the Seoul International Invention Fair – SIIF 2024. For more information and event updates, visit the DOST-TAPI website at www.tapi.dost.gov.ph.**

By Heherson Valdez

ASUENE’s Executive Officer CPO, Watase takes the stage at the "COP29 Japan Pavilion" in Azerbaijan.

  

ASUENE’s Executive OfficerCPO, Takehiro Watase, participated in "COP29" held in Baku, Azerbaijan. On November 20 , he participated as a panelist in the Japan Pavilion seminar organized by the Ministry of the Environment, titled "Climate-related Disclosure in Asia - Present and Future of Promoting Transparency of SMEs -," where he engaged in a panel discussion with environmental policy officials from various countries.

Participated as a speaker at the Japan Pavilion Seminar

At the Japan Pavilion Seminar organized by the Ministry of the Environment, the theme was "Climate-related Disclosure in Asia - Present and Future of Promoting Transparency of SMEs -." The seminar brought together influential leaders in climate change policy, including Japan’s Minister of the Environment, Keiichiro Asao, and Singapore’s Minister for the Environment and Water Resources, Grace Fu, among other leaders from various countries.Watase participated as a panelist and shared insights on the challenges and solutions regarding climate change and decarbonization efforts from a global perspective as a company supporting these initiatives.

He further referred to the realization of a sustainable society from a global perspective by supporting corporate decarbonization and ESG management through our “ASUENE”, a carbon accounting platform and "ASUENE ESG" evaluation cloud service.

ASUENE will leverage the latest information gained from participating in "COP29" to further strengthen its business expansion and globally promote support for companies' decarbonization and ESG management.

Takehiro Watase, Executive Officer CPO of Asuene Inc. Comment comments:

"ASUENE is participating in COP for the third time and we have gained significant insights from the international discussions. In the area of climate change-related disclosure, we recognize the importance of involving not only large enterprises but also all companies, both in ASEAN and Japan. While strengthening decarbonization support, we will provide comprehensive assistance, ranging from software support to knowledge, education, and guarantees. Moving forward, we will continue to work globally across the entire supply chain."