December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Parachain Polkadot Phala votes to fully transition to Ethereum L2
The Phala parachain network of Polkadot will transition to become a Layer 2 on Ethereum after the community approves the proposal to expand computing capacity for enterprise customers. According to the announcement, Phala token holders (PHA) will receive a new ERC-20 version at a 1:1 ratio, with the conversion process starting before November 20. Staking, rewards, and governance activities will continue seamlessly on the new platform.
Phala, a decentralized cloud computing network supporting AI, stated that transitioning to Ethereum would enhance scalability, security, and leverage a more robust EVM ecosystem. This proposal was submitted on September 27, arguing that maintaining a parachain on Polkadot would hinder development and consume many resources. Currently, the PHALA token has a market capitalization of approximately 80.6 million USD, ranking among the top 50 largest AI-related cryptocurrencies, according to data from CoinGecko.