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- Josh_Josh_
  ·2021-11-08
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  Inflation data, US eases travel restrictions: What to know this week
  Traders this week will receive another batch of economic data focused on inflation, helping to show whether price pressures have continued further during the economic recovery. Separately, some travel restrictions are set to lift for those coming into the U.S. this week, offering a potential boost to a host of travel-related companies.Wall Street has been closely monitoring the incoming data on inflation during the reopening. Companies have struggled to meet a surge in demand as consumer mobilit
  Inflation data, US eases travel restrictions: What to know this week
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- Josh_Josh_
  ·2021-11-08
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Separately, some travel restrictions are set to lift for those coming into the U.S. this week, offering a potential boost to a host of travel-related companies.Wall Street has been closely monitoring the incoming data on inflation during the reopening. Companies have struggled to meet a surge in demand as consumer mobilit","content":"<p><img src=\"https://static.tigerbbs.com/1d007acac6b3eac907b55cc31c798ff1\" tg-width=\"1878\" tg-height=\"2940\" width=\"100%\" height=\"auto\"></p>\n<p>Traders this week will receive another batch of economic data focused on inflation, helping to show whether price pressures have continued further during the economic recovery. Separately, some travel restrictions are set to lift for those coming into the U.S. this week, offering a potential boost to a host of travel-related companies.</p>\n<p>Wall Street has been closely monitoring the incoming data on inflation during the reopening. Companies have struggled to meet a surge in demand as consumer mobility picked up, leading to shortages and a slew of supply-chain related disruptions, which have in turn contributed to rising prices.</p>\n<p>The Bureau of Labor Statistics' Consumer Price Index (CPI) due for release on Wednesday is expected to show that elevated inflation continued into October, with a variety of goods and services for consumers posting ongoing price increases.</p>\n<p>Consensus economists expect that the CPI rose 5.8% in October over last year, accelerating from September's 5.4% annual rate to reach the fastest rise since 1990. And on a month-over-month basis, the CPI likely rose 0.5% in October to pick up from September's 0.4% rate.</p>\n<p>“We will be watching for signs that the inflation problem is peaking,\" wrote David Donabedian, chief investment officer of CIBC Private Wealth U.S., in an email on Friday. \"But our expectation is for continued elevated readings, and we expect to be talking about high inflation six months from now. It is not going away.”</p>\n<p>Excluding more volatile food and energy prices, consensus economists are also expecting a pick-up in core categories. Over last year, the core CPI likely picked up to a 4.3% rate in October, up from September's 4.0% year-on-year increase. That would come in just below July's 4.5% year-over-year increase, which had been the biggest rise in the core rate since 1991.</p>\n<p>Some of the reopening-related categories that had seen a surge in prices earlier in the summer had cooled slightly in September, with the latest Delta variant wave of the pandemic dampening consumer demand for travel and related activities. But expect to see a rebound in October, some economists said.</p>\n<p>\"The acceleration in core CPI is likely to be led by services, with real activity starting to turn higher amid easing COVID concerns. Airline fares were still down nearly 25% from pre-pandemic levels in the September report, and we believe there will be scope for a sharp rebound this month,\" wrote <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> economist Michelle Meyer in a note. \"Transportation services should also be supported by a rebound in car and truck rental prices, and a modest increase in motor vehicle insurance prices. Lodging will be another beneficiary of the increase in travel.\"</p>\n<p><img src=\"https://static.tigerbbs.com/b43701be1303941a051c63d2badfe537\" tg-width=\"6630\" tg-height=\"4353\" referrerpolicy=\"no-referrer\">LOS ANGELES, CA - OCTOBER 21: Shoppers exit <a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> at The Grove on Thursday, Oct. 21, 2021 in Los Angeles, CA. Shoppers are enjoying the beautiful fall day. (Francine Orr / Los Angeles Times via <a href=\"https://laohu8.com/S/GTY\">Getty</a> Images)Francine Orr via Getty Images</p>\n<p>In terms of goods, however, Meyer noted that housing and furnishing, apparel and other supplies retailers may have cut prices in October to help pull forward holiday shopping, which could lead to softer overall gains in prices for these categories in Wednesday's CPI report.</p>\n<p>Still, inflationary pressures have remained much more pronounced and longer-lasting than some economists had anticipated. Supply chain shortages and rising commodities costs have led a variety of individual companies to announce price increases. <a href=\"https://laohu8.com/S/MDLZ\">Mondelez</a> (MDLZ), the maker of Oreo cookies and Ritz Crackers, said it was implementing 7% price increases in the U.S. in order to offset rising costs. <a href=\"https://laohu8.com/S/CLX\">Clorox</a> (CLX) said during its earnings call last week it was going to hike prices across 70% of its portfolio of cleaning and housing supplies by the end of the fiscal year. And the CEOs from a broad range of companies, from cosmetics company E.L.F Beauty (ELF) to outdoor recreational supplies company <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Outdoor (VSTO), have recently discussed increasing price across their products in interviews on Yahoo Finance Live.</p>\n<p>For investors, the implications of these sustained inflationary pressures could mean tighter monetary policy and higher rates down the line. Federal Reserve officials tweaked their language on inflation in their monetary policy statement last Wednesday to show that they \"expected\" inflation to be transitory. This marked a departure from their previous assurances over the temporary nature of these price pressures.</p>\n<p>\"We said that supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases, and we said progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation,\" Federal Reserve Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said during his post-FOMC meeting press conference last week. \"So, we're trying to explain what we mean and also acknowledging more uncertainty about 'transitory.'\"</p>\n<h2>US eases travel restrictions for vaccinated travelers</h2>\n<h2></h2>\n<p>On Monday, the U.S. is set to pare back travel restrictions on international visitors who show proof of vaccination, easing what had been months' worth of limitations on international tourism and inbound travel into the U.S.</p>\n<p>Both air and land border travel will be included in the changes. These restrictions had first been put in place in the early days of the pandemic during the Trump administration in March 2020, and were upheld by the Biden administration since January. Visitors from a plethora of countries had been impacted by these travel restrictions into the U.S. since the start of the pandemic, including from much of Europe and <a href=\"https://laohu8.com/S/CAAS\">China</a>. Foreign nationals entering the U.S. under the new rules will need to show proof of vaccination, and a negative COVID-19 test taken within three days if they are traveling by air.\"</p>\n<p>The easing of these restrictions lifts a weight on a number of companies within the airline and lodging industries. And already, a number of CEOs of these companies have underscored the potential pent-up demand that this would unlock.</p>\n<p>Airbnb CEO Brian Chesky was <a href=\"https://laohu8.com/S/AONE.U\">one</a> such executive who pointed to the near-immediate reaction among consumers following the initial announcement of the easing restrictions by the White House last month.</p>\n<p>\"On Oct. 15, I believe it was that date that President Biden announced the reopening of the borders and asked the travelers come to <a href=\"https://laohu8.com/S/UBNK\">United</a> States. Within <a href=\"https://laohu8.com/S/AONE.U\">one</a> week of that announcement, we saw a 44% spike in nights booked for stays crossing borders coming into <a href=\"https://laohu8.com/S/UBCP\">United</a> States on Airbnb for stays Nov. 9 and later, which is when the borders were opened,\" said Chesky during the company's earnings call last week.</p>\n<p>This could also, however, cause some extended wait times and travel disruptions in the short-term, some executives warned.</p>\n<p>\"It's going to be a bit sloppy at first. I can assure you, there will be lines unfortunately... but we'll get it sorted out,\" Ed Bastian, CEO of Delta, reportedly said at a travel event last month.</p>\n<p>Data from the Transportation Security Administration (TSA) has showed a pick-up in the number of travelers checked in at U.S. airports over the past several months, pointing to a further jump in demand. On Nov. 4, traveler throughput was at more than 1.9 million, rising sharply from the 867,105 on the comparable day in 2020, but still coming in below the more than 2.5 million travelers counted on the comparable day of 2019.</p>\n<h2>Economic calendar</h2>\n<ul>\n <li><p><b>Monday: </b><i>No notable reports scheduled for release </i></p></li>\n <li><p><b>Tuesday: </b>NFIB Small Business Optimism index, October (99.3 expected, 99.1 in September); PPI Final Demand, month over month, October (0.6% expected, 0.5% in September); PPI excluding food and energy, month over month, October (0.5% expected, 0.2% in September); PPI Final Demand, year over year, October (8.6% expected, 8.6% in September), PPI excluding food and energy, year over year, October (6.8% expected, 6.8% in September)</p></li>\n <li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended Nov. 5 (-3.3% during prior week); Initial jobless claims, week ended Nov. 6 (265,000 expected, 269,000 during prior week); Continuing claims, week ended Oct. 30 (2.105 million during prior week); Consumer Price Index, month over month, October (0.4% expected, 0.2% in September); Consumer Price Index, year over year, October (5.8% expected, 5.4% in September); Consumer Price Index excluding food and energy, year over year, October (4.3%. expected, 4.0% in September); Wholesale Inventories, month over month, September final (1.1% expected, 1.1% in prior print); Monthly budget statement, October (-$61.5 billion in September)</p></li>\n <li><p><b>Thursday:</b> <i>No notable reports scheduled for release</i></p></li>\n <li><p><b>Friday: </b>JOLTS Job Openings, September (10.439 million in August); University of Michigan Sentiment, November preliminary (72.4 expected, 71.7 in October)</p></li>\n</ul>\n<h2>Earnings calendar</h2>\n<ul>\n <li><p><b>Monday: </b><a href=\"https://laohu8.com/S/COTY\">Coty</a> Inc. (COTY) before market open; Clover Health Investment Corp. (CLOV), <a href=\"https://laohu8.com/S/REAL\">The RealReal</a> (REAL), Lemonade (LMND), Roblox (RBLX), <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL), <a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a> Holdings (SPCE), TripAdvisors (TRIP), SmileDirectClub (SDC), <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings (AMC), <a href=\"https://laohu8.com/S/ZNGA\">Zynga</a> (ZNGA) after market close</p></li>\n <li><p><b>Tuesday: </b>Blue Apron (APRN), <a href=\"https://laohu8.com/S/WKHS\">Workhorse</a> Group (WKHS), Palantir (PLTR) before market open; DoorDash (DASH), Poshmark (POSH), Coinbase (COIN), Vroom Inc. (VRM), fuboTV (FUBO), <a href=\"https://laohu8.com/S/PLUG\">Plug Power</a> (PLUG), <a href=\"https://laohu8.com/S/WYNN\">Wynn</a> Resorts (WYNN), Nio (NIO) after market close</p></li>\n <li><p><b>Wednesday: </b>Disney (DIS), Opendoor Technologies (OPEN), Compass (COMP), Bumble (BMBL), Wish (WISH), Affirm Holdings (AFRM), <a href=\"https://laohu8.com/S/GNBC\">Green</a> Thumb Industries (GTII), SoFi Technologies (SOFI), Beyond Meat (BYND), Figs (FIGS), 23andMe Holdings (ME) after market close</p></li>\n <li><p><b>Thursday: </b>Tapestry (TPR), Yeti Holdings (YETI), Organon &amp; Co. (OGN) before market open; <a href=\"https://laohu8.com/S/BLNKW\">Blink Charging Co.</a> (BLNK) after market close</p></li>\n <li><p><b>Friday: </b>Bakkt Holdings (BKKT), Warby Parker (WRBY) before market open</p></li>\n</ul>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation data, US eases travel restrictions: What to know this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation data, US eases travel restrictions: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-08 06:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/inflation-data-us-eases-travel-restrictions-for-vaccinated-visitors-what-to-know-this-week-180012846.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders this week will receive another batch of economic data focused on inflation, helping to show whether price pressures have continued further during the economic recovery. Separately, some travel...</p>\n\n<a href=\"https://finance.yahoo.com/news/inflation-data-us-eases-travel-restrictions-for-vaccinated-visitors-what-to-know-this-week-180012846.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d3c2aece4b9a50fa60771d3a0b4727f3","relate_stocks":{"DAL":"达美航空",".DJI":"道琼斯","JBLU":"捷蓝航空","SPY.AU":"SPDR® S&P 500® ETF Trust",".IXIC":"NASDAQ Composite","LUV":"西南航空",".SPX":"S&P 500 Index","AAL":"美国航空"},"source_url":"https://finance.yahoo.com/news/inflation-data-us-eases-travel-restrictions-for-vaccinated-visitors-what-to-know-this-week-180012846.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2181238097","content_text":"Traders this week will receive another batch of economic data focused on inflation, helping to show whether price pressures have continued further during the economic recovery. Separately, some travel restrictions are set to lift for those coming into the U.S. this week, offering a potential boost to a host of travel-related companies.\nWall Street has been closely monitoring the incoming data on inflation during the reopening. Companies have struggled to meet a surge in demand as consumer mobility picked up, leading to shortages and a slew of supply-chain related disruptions, which have in turn contributed to rising prices.\nThe Bureau of Labor Statistics' Consumer Price Index (CPI) due for release on Wednesday is expected to show that elevated inflation continued into October, with a variety of goods and services for consumers posting ongoing price increases.\nConsensus economists expect that the CPI rose 5.8% in October over last year, accelerating from September's 5.4% annual rate to reach the fastest rise since 1990. And on a month-over-month basis, the CPI likely rose 0.5% in October to pick up from September's 0.4% rate.\n“We will be watching for signs that the inflation problem is peaking,\" wrote David Donabedian, chief investment officer of CIBC Private Wealth U.S., in an email on Friday. \"But our expectation is for continued elevated readings, and we expect to be talking about high inflation six months from now. It is not going away.”\nExcluding more volatile food and energy prices, consensus economists are also expecting a pick-up in core categories. Over last year, the core CPI likely picked up to a 4.3% rate in October, up from September's 4.0% year-on-year increase. That would come in just below July's 4.5% year-over-year increase, which had been the biggest rise in the core rate since 1991.\nSome of the reopening-related categories that had seen a surge in prices earlier in the summer had cooled slightly in September, with the latest Delta variant wave of the pandemic dampening consumer demand for travel and related activities. But expect to see a rebound in October, some economists said.\n\"The acceleration in core CPI is likely to be led by services, with real activity starting to turn higher amid easing COVID concerns. Airline fares were still down nearly 25% from pre-pandemic levels in the September report, and we believe there will be scope for a sharp rebound this month,\" wrote Bank of America economist Michelle Meyer in a note. \"Transportation services should also be supported by a rebound in car and truck rental prices, and a modest increase in motor vehicle insurance prices. Lodging will be another beneficiary of the increase in travel.\"\nLOS ANGELES, CA - OCTOBER 21: Shoppers exit Nordstrom at The Grove on Thursday, Oct. 21, 2021 in Los Angeles, CA. Shoppers are enjoying the beautiful fall day. (Francine Orr / Los Angeles Times via Getty Images)Francine Orr via Getty Images\nIn terms of goods, however, Meyer noted that housing and furnishing, apparel and other supplies retailers may have cut prices in October to help pull forward holiday shopping, which could lead to softer overall gains in prices for these categories in Wednesday's CPI report.\nStill, inflationary pressures have remained much more pronounced and longer-lasting than some economists had anticipated. Supply chain shortages and rising commodities costs have led a variety of individual companies to announce price increases. Mondelez (MDLZ), the maker of Oreo cookies and Ritz Crackers, said it was implementing 7% price increases in the U.S. in order to offset rising costs. Clorox (CLX) said during its earnings call last week it was going to hike prices across 70% of its portfolio of cleaning and housing supplies by the end of the fiscal year. And the CEOs from a broad range of companies, from cosmetics company E.L.F Beauty (ELF) to outdoor recreational supplies company Vista Outdoor (VSTO), have recently discussed increasing price across their products in interviews on Yahoo Finance Live.\nFor investors, the implications of these sustained inflationary pressures could mean tighter monetary policy and higher rates down the line. Federal Reserve officials tweaked their language on inflation in their monetary policy statement last Wednesday to show that they \"expected\" inflation to be transitory. This marked a departure from their previous assurances over the temporary nature of these price pressures.\n\"We said that supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases, and we said progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation,\" Federal Reserve Chair Jerome Powell said during his post-FOMC meeting press conference last week. \"So, we're trying to explain what we mean and also acknowledging more uncertainty about 'transitory.'\"\nUS eases travel restrictions for vaccinated travelers\n\nOn Monday, the U.S. is set to pare back travel restrictions on international visitors who show proof of vaccination, easing what had been months' worth of limitations on international tourism and inbound travel into the U.S.\nBoth air and land border travel will be included in the changes. These restrictions had first been put in place in the early days of the pandemic during the Trump administration in March 2020, and were upheld by the Biden administration since January. Visitors from a plethora of countries had been impacted by these travel restrictions into the U.S. since the start of the pandemic, including from much of Europe and China. Foreign nationals entering the U.S. under the new rules will need to show proof of vaccination, and a negative COVID-19 test taken within three days if they are traveling by air.\"\nThe easing of these restrictions lifts a weight on a number of companies within the airline and lodging industries. And already, a number of CEOs of these companies have underscored the potential pent-up demand that this would unlock.\nAirbnb CEO Brian Chesky was one such executive who pointed to the near-immediate reaction among consumers following the initial announcement of the easing restrictions by the White House last month.\n\"On Oct. 15, I believe it was that date that President Biden announced the reopening of the borders and asked the travelers come to United States. Within one week of that announcement, we saw a 44% spike in nights booked for stays crossing borders coming into United States on Airbnb for stays Nov. 9 and later, which is when the borders were opened,\" said Chesky during the company's earnings call last week.\nThis could also, however, cause some extended wait times and travel disruptions in the short-term, some executives warned.\n\"It's going to be a bit sloppy at first. I can assure you, there will be lines unfortunately... but we'll get it sorted out,\" Ed Bastian, CEO of Delta, reportedly said at a travel event last month.\nData from the Transportation Security Administration (TSA) has showed a pick-up in the number of travelers checked in at U.S. airports over the past several months, pointing to a further jump in demand. On Nov. 4, traveler throughput was at more than 1.9 million, rising sharply from the 867,105 on the comparable day in 2020, but still coming in below the more than 2.5 million travelers counted on the comparable day of 2019.\nEconomic calendar\n\nMonday: No notable reports scheduled for release \nTuesday: NFIB Small Business Optimism index, October (99.3 expected, 99.1 in September); PPI Final Demand, month over month, October (0.6% expected, 0.5% in September); PPI excluding food and energy, month over month, October (0.5% expected, 0.2% in September); PPI Final Demand, year over year, October (8.6% expected, 8.6% in September), PPI excluding food and energy, year over year, October (6.8% expected, 6.8% in September)\nWednesday: MBA Mortgage Applications, week ended Nov. 5 (-3.3% during prior week); Initial jobless claims, week ended Nov. 6 (265,000 expected, 269,000 during prior week); Continuing claims, week ended Oct. 30 (2.105 million during prior week); Consumer Price Index, month over month, October (0.4% expected, 0.2% in September); Consumer Price Index, year over year, October (5.8% expected, 5.4% in September); Consumer Price Index excluding food and energy, year over year, October (4.3%. expected, 4.0% in September); Wholesale Inventories, month over month, September final (1.1% expected, 1.1% in prior print); Monthly budget statement, October (-$61.5 billion in September)\nThursday: No notable reports scheduled for release\nFriday: JOLTS Job Openings, September (10.439 million in August); University of Michigan Sentiment, November preliminary (72.4 expected, 71.7 in October)\n\nEarnings calendar\n\nMonday: Coty Inc. (COTY) before market open; Clover Health Investment Corp. (CLOV), The RealReal (REAL), Lemonade (LMND), Roblox (RBLX), PayPal (PYPL), Virgin Galactic Holdings (SPCE), TripAdvisors (TRIP), SmileDirectClub (SDC), AMC Entertainment Holdings (AMC), Zynga (ZNGA) after market close\nTuesday: Blue Apron (APRN), Workhorse Group (WKHS), Palantir (PLTR) before market open; DoorDash (DASH), Poshmark (POSH), Coinbase (COIN), Vroom Inc. (VRM), fuboTV (FUBO), Plug Power (PLUG), Wynn Resorts (WYNN), Nio (NIO) after market close\nWednesday: Disney (DIS), Opendoor Technologies (OPEN), Compass (COMP), Bumble (BMBL), Wish (WISH), Affirm Holdings (AFRM), Green Thumb Industries (GTII), SoFi Technologies (SOFI), Beyond Meat (BYND), Figs (FIGS), 23andMe Holdings (ME) after market close\nThursday: Tapestry (TPR), Yeti Holdings (YETI), Organon & Co. (OGN) before market open; Blink Charging Co. (BLNK) after market close\nFriday: Bakkt Holdings (BKKT), Warby Parker (WRBY) before market open","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845242843,"gmtCreate":1636345171911,"gmtModify":1636345172014,"author":{"id":"3582275538538309","authorId":"3582275538538309","name":"Josh_","avatar":"https://static.tigerbbs.com/e2379664116f7180b3b5f0613ee40fc3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Interesting read","listText":"Interesting read","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/845242843","repostId":"2181516728","repostType":4,"repost":{"id":"2181516728","pubTimestamp":1636344580,"share":"https://www.laohu8.com/m/news/2181516728?lang=&edition=full","pubTime":"2021-11-08 12:09","market":"sh","language":"en","title":"5 Cryptocurrencies With a Brighter Future Than Shiba Inu","url":"https://stock-news.laohu8.com/highlight/detail?id=2181516728","media":"Motley Fool","summary":"Despite SHIB's mammoth 13,200,000% move higher, these digital currencies offer more long-term promise.","content":"<p>Dating back to the late 1800s, the stock market has reigned supreme. Even though other asset classes have had their moment in the sun, such as housing in the 2000s, no investment vehicle has delivered higher average annual returns over the very long run.</p>\n<p>But over the short term, it's a very different story.<img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F650245%2Fshiba-inu-shib-doge-dogecoin-token-coin-cryptocurrency-digital-blockchain-technology-invest-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"525\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>The Shiba Inu dog breed has inspired big gains for crypto investors. Image source: Getty Images.</p>\n<h2>Shiba Inu has gained more than 13,200,000%!</h2>\n<p>For the past couple of years, dozens of widely followed cryptocurrencies have lapped the broader market many times over. Leading that charge is ultra-popular meme coin, <b>Shiba Inu</b> (CRYPTO:SHIB).</p>\n<p>As of late evening on Nov. 2, a single SHIB token would set an investor back $0.00006738. That's close to seven thousandths of <a href=\"https://laohu8.com/S/AONE.U\">one</a> penny! Yet it's a far cry from where Shiba Inu traded on its debut day back at the beginning of August 2020 ($0.00000000051). In just a shade over 15 months, SHIB tokens have gained 13,211,665%. If you invested $10 on Aug. 1, 2020, and held, you're now a millionaire.</p>\n<p>Shiba Inu's historic gain is the result of multiple factors:</p>\n<ul>\n <li>A growing number of cryptocurrency exchanges are listing SHIB tokens for trade, which is increasing awareness and building up the community.</li>\n <li>The launch of decentralized exchange ShibaSwap in July allows investors to stake their tokens and more importantly encourages them to hold SHIB for a longer period of time.</li>\n <li>Elon Musk's tweets are fueling gains. Even though Musk doesn't own Shiba Inu coins, he did recently adopt a Shiba Inu puppy named Floki. Anytime Musk tweets about his dog or the breed, investors pile into SHIB.</li>\n <li>With few avenues to bet against Shiba Inu, there's a clear emotion-driven buy bias fueling this run.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h2>SHIB's dream run will eventually implode</h2>\n<p>But on the flipside, there are a laundry list of reasons to believe Shiba Inu will implode. For example, SHIB has virtually no use outside of a cryptocurrency exchange. You'd think the ninth largest cryptocurrency by market cap would be accepted by more than roughly 100 businesses, but that's just not the case.</p>\n<p>Shiba Inu also fails the sniff test when it comes to competitive advantages. This is to say that Shiba Inu doesn't stand out when it comes to its ability to process transactions. It's not even the only successful cryptocurrency to have adopted its inspiration from the Japanese Shiba Inu dog breed (<b>Dogecoin</b>&nbsp;did it, too).</p>\n<p>To add, Shiba Inu is constantly being diluted by other blockchain projects. According to CoinMarketCap.com, there are around 13,500 cryptocurrencies, and this number is growing rapidly. To be blunt, there are far more-efficient and/or cheaper payment coin options than Shiba Inu.</p>\n<p>Even history says Shiba Inu is in big trouble. Other payment coins that have had five-and-six-digit percentage runs higher all eventually lost more than 90% of their value.</p>\n<p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F650245%2Frocket-coins-calculator-financial-metrics-to-moon-crypto-invest-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h2>These cryptocurrencies have a much brighter future than Shiba Inu</h2>\n<p>Even as a cryptocurrency skeptic, I see far more potential and a brighter future for the following five digital currencies, relative to Shiba Inu.</p>\n<h2>Ethereum</h2>\n<p><b>Ethereum </b>(CRYPTO:ETH) is unquestionably the most-established cryptocurrency on this list, and also the one generating the most real-world buzz. That's because Ethereum's blockchain is the backbone of decentralized finance (DeFi). DeFi uses smart contracts on financially focused blockchain to complete transactions that might otherwise be slowed down or halted by financial institutions. These smart contracts, which are protocols designed to verify, enforce, and facilitate an agreement between two parties, are the heart and soul of what drives Ethereum.</p>\n<p>In terms of real utility, the Enterprise Ethereum Alliance (EEA) has more than 100 members, all of which are aiming to increase knowledge and use of Ethereum's blockchain. While we often think of blockchain in terms of its ability to speed up financial transactions (especially cross-border payments), it has logistical applications, too. Quite a few of the EEA members' supply chain would benefit from Ethereum's blockchain technology.</p>\n<p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F650245%2Fstellar-lumens-xlm-crypto-blockchain-bitcoin-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Stellar</h2>\n<p>Blockchain-based payment network <b>Stellar</b> (CRYPTO:XLM) is another cryptocurrency this skeptic believes has a future.</p>\n<p>Using today's infrastructure, cross-border payments can take up to a week to validate and settle. With Stellar, fiat currency can be converted to Lumens (XLM, the protocol token of the network), transferred halfway around the world, and converted back to native fiat currency in a matter of seconds. The cost to complete the transaction? Just 0.00001 XLM, which works out to $0.0000038 per transaction. It takes more than 263,000 transactions just to rack up $1 in fees.</p>\n<p>Aside from rapid, low-cost execution, Stellar has also had some real-world run. It worked with <b><a href=\"https://laohu8.com/S/IBM\">IBM</a></b>&nbsp;to test its cross-border payments platform with a dozen banks in the South Pacific region in 2017. It's also part of collaboration with <b><a href=\"https://laohu8.com/S/V\">Visa</a></b>&nbsp;and Tala to bring financial blockchain solutions to emerging markets where access to basic financial services is limited.</p>\n<p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F650245%2Fblockchain-iot-security-identity-decentralized-wireless-crypto-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Solana</h2>\n<p>Another digital currency with superior potential to Shiba Inu over the long-term is <b>Solana</b> (CRYPTO:SOL).</p>\n<p>Like Ethereum, the Solana blockchain is all about incorporating smart contracts and allowing developers to build decentralized applications (dApp). But unlike Ethereum, Solana brings a number of notable advantages to the table on the efficiency front. Solana's proof-of-history protocol, which establishes events as true without requiring validators to talk to each other, dramatically improves the speed by which transactions process. Whereas Ethereum processes around 13 transactions per second, Solana can handle 50,000 or more transactions per second.</p>\n<p>Similarly, Solana looks to have an edge on Ethereum from a fee standpoint. When Ethereum's network gets bogged down with transactions, the fees associated with payments can soar. With Solana, the fees are often around $0.00025 per transaction.&nbsp; This means it'd take approximately 4,000 transactions to reach a mere $1 in fees. If this efficiency holds true as the network scales, Solana can carve out a healthy share of dApp demand next to Ethereum.</p>\n<p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F650245%2Fcash-money-blockchain-crypto-fintech-bitcoin-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Nano</h2>\n<p>For something completely off the radar, look for <b>Nano</b> (CRYPTO:NANO) to completely outperform Shiba Inu over the long run. Nano is the 117th-largest digital currency by market cap ($820 million, as of Nov. 2).</p>\n<p>The purpose of financially focused blockchain is to speed up payment settlement times, dramatically reduce costs, and democratize the process to allow everyone to participate. This is precisely what Nano does with its block-lattice blockchain. Rather than having a single blockchain, every user on Nano has their own blockchain they can add to without having to compete with other users. This makes Nano's network scalable and highly efficient -- the average transaction is completed in under a second.</p>\n<p>Something else that stands out is Nano's fee-less transactions. Nano's consensus mechanism, Open Representative Voting (ORV), allows representatives to vote on the validity of individual blocks on the network. ORV provides differentiation, and more importantly keeps transactions free.</p>\n<p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F650245%2Fblockchain-cryptocurrency-bitcoin-ethereum-litecoin-ripple-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Cardano</h2>\n<p>Last, but certainly not least, <b>Cardano</b> (CRYPTO:ADA) looks to have a much brighter future than Shiba Inu.</p>\n<p>Although Cardano has experienced development delays (what major blockchain project hasn't?), its developers have laid out a clear vision of the steps they'll be taking to improve and grow the network. In the summer of 2020, the Shelley upgrade was released, which increased the number of nodes network participants could run. Following Shelley, the number of transactions on Cardano's blockchain have increased from around 2,000 per day to more than 100,000 per day.</p>\n<p>In September 2021, the much-anticipated Goguen update was unveiled. Goguen unleashes smart contracts on Cardano's network, which paves the way for financial and nonfinancial dApps.</p>\n<p>Assuming Cardano's network can be significantly scaled and kept secure, which is what developers are working on now, it could be a serious rival to Ethereum and Solana.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Cryptocurrencies With a Brighter Future Than Shiba Inu</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Cryptocurrencies With a Brighter Future Than Shiba Inu\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-08 12:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/07/5-cryptocurrencies-brighter-future-than-shiba-inu/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dating back to the late 1800s, the stock market has reigned supreme. Even though other asset classes have had their moment in the sun, such as housing in the 2000s, no investment vehicle has delivered...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/07/5-cryptocurrencies-brighter-future-than-shiba-inu/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUTR.UK":"FUTURE"},"source_url":"https://www.fool.com/investing/2021/11/07/5-cryptocurrencies-brighter-future-than-shiba-inu/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181516728","content_text":"Dating back to the late 1800s, the stock market has reigned supreme. Even though other asset classes have had their moment in the sun, such as housing in the 2000s, no investment vehicle has delivered higher average annual returns over the very long run.\nBut over the short term, it's a very different story.\nThe Shiba Inu dog breed has inspired big gains for crypto investors. Image source: Getty Images.\nShiba Inu has gained more than 13,200,000%!\nFor the past couple of years, dozens of widely followed cryptocurrencies have lapped the broader market many times over. Leading that charge is ultra-popular meme coin, Shiba Inu (CRYPTO:SHIB).\nAs of late evening on Nov. 2, a single SHIB token would set an investor back $0.00006738. That's close to seven thousandths of one penny! Yet it's a far cry from where Shiba Inu traded on its debut day back at the beginning of August 2020 ($0.00000000051). In just a shade over 15 months, SHIB tokens have gained 13,211,665%. If you invested $10 on Aug. 1, 2020, and held, you're now a millionaire.\nShiba Inu's historic gain is the result of multiple factors:\n\nA growing number of cryptocurrency exchanges are listing SHIB tokens for trade, which is increasing awareness and building up the community.\nThe launch of decentralized exchange ShibaSwap in July allows investors to stake their tokens and more importantly encourages them to hold SHIB for a longer period of time.\nElon Musk's tweets are fueling gains. Even though Musk doesn't own Shiba Inu coins, he did recently adopt a Shiba Inu puppy named Floki. Anytime Musk tweets about his dog or the breed, investors pile into SHIB.\nWith few avenues to bet against Shiba Inu, there's a clear emotion-driven buy bias fueling this run.\n\n\nImage source: Getty Images.\nSHIB's dream run will eventually implode\nBut on the flipside, there are a laundry list of reasons to believe Shiba Inu will implode. For example, SHIB has virtually no use outside of a cryptocurrency exchange. You'd think the ninth largest cryptocurrency by market cap would be accepted by more than roughly 100 businesses, but that's just not the case.\nShiba Inu also fails the sniff test when it comes to competitive advantages. This is to say that Shiba Inu doesn't stand out when it comes to its ability to process transactions. It's not even the only successful cryptocurrency to have adopted its inspiration from the Japanese Shiba Inu dog breed (Dogecoin did it, too).\nTo add, Shiba Inu is constantly being diluted by other blockchain projects. According to CoinMarketCap.com, there are around 13,500 cryptocurrencies, and this number is growing rapidly. To be blunt, there are far more-efficient and/or cheaper payment coin options than Shiba Inu.\nEven history says Shiba Inu is in big trouble. Other payment coins that have had five-and-six-digit percentage runs higher all eventually lost more than 90% of their value.\n\nImage source: Getty Images.\nThese cryptocurrencies have a much brighter future than Shiba Inu\nEven as a cryptocurrency skeptic, I see far more potential and a brighter future for the following five digital currencies, relative to Shiba Inu.\nEthereum\nEthereum (CRYPTO:ETH) is unquestionably the most-established cryptocurrency on this list, and also the one generating the most real-world buzz. That's because Ethereum's blockchain is the backbone of decentralized finance (DeFi). DeFi uses smart contracts on financially focused blockchain to complete transactions that might otherwise be slowed down or halted by financial institutions. These smart contracts, which are protocols designed to verify, enforce, and facilitate an agreement between two parties, are the heart and soul of what drives Ethereum.\nIn terms of real utility, the Enterprise Ethereum Alliance (EEA) has more than 100 members, all of which are aiming to increase knowledge and use of Ethereum's blockchain. While we often think of blockchain in terms of its ability to speed up financial transactions (especially cross-border payments), it has logistical applications, too. Quite a few of the EEA members' supply chain would benefit from Ethereum's blockchain technology.\n\nImage source: Getty Images.\nStellar\nBlockchain-based payment network Stellar (CRYPTO:XLM) is another cryptocurrency this skeptic believes has a future.\nUsing today's infrastructure, cross-border payments can take up to a week to validate and settle. With Stellar, fiat currency can be converted to Lumens (XLM, the protocol token of the network), transferred halfway around the world, and converted back to native fiat currency in a matter of seconds. The cost to complete the transaction? Just 0.00001 XLM, which works out to $0.0000038 per transaction. It takes more than 263,000 transactions just to rack up $1 in fees.\nAside from rapid, low-cost execution, Stellar has also had some real-world run. It worked with IBM to test its cross-border payments platform with a dozen banks in the South Pacific region in 2017. It's also part of collaboration with Visa and Tala to bring financial blockchain solutions to emerging markets where access to basic financial services is limited.\n\nImage source: Getty Images.\nSolana\nAnother digital currency with superior potential to Shiba Inu over the long-term is Solana (CRYPTO:SOL).\nLike Ethereum, the Solana blockchain is all about incorporating smart contracts and allowing developers to build decentralized applications (dApp). But unlike Ethereum, Solana brings a number of notable advantages to the table on the efficiency front. Solana's proof-of-history protocol, which establishes events as true without requiring validators to talk to each other, dramatically improves the speed by which transactions process. Whereas Ethereum processes around 13 transactions per second, Solana can handle 50,000 or more transactions per second.\nSimilarly, Solana looks to have an edge on Ethereum from a fee standpoint. When Ethereum's network gets bogged down with transactions, the fees associated with payments can soar. With Solana, the fees are often around $0.00025 per transaction.  This means it'd take approximately 4,000 transactions to reach a mere $1 in fees. If this efficiency holds true as the network scales, Solana can carve out a healthy share of dApp demand next to Ethereum.\n\nImage source: Getty Images.\nNano\nFor something completely off the radar, look for Nano (CRYPTO:NANO) to completely outperform Shiba Inu over the long run. Nano is the 117th-largest digital currency by market cap ($820 million, as of Nov. 2).\nThe purpose of financially focused blockchain is to speed up payment settlement times, dramatically reduce costs, and democratize the process to allow everyone to participate. This is precisely what Nano does with its block-lattice blockchain. Rather than having a single blockchain, every user on Nano has their own blockchain they can add to without having to compete with other users. This makes Nano's network scalable and highly efficient -- the average transaction is completed in under a second.\nSomething else that stands out is Nano's fee-less transactions. Nano's consensus mechanism, Open Representative Voting (ORV), allows representatives to vote on the validity of individual blocks on the network. ORV provides differentiation, and more importantly keeps transactions free.\n\nImage source: Getty Images.\nCardano\nLast, but certainly not least, Cardano (CRYPTO:ADA) looks to have a much brighter future than Shiba Inu.\nAlthough Cardano has experienced development delays (what major blockchain project hasn't?), its developers have laid out a clear vision of the steps they'll be taking to improve and grow the network. In the summer of 2020, the Shelley upgrade was released, which increased the number of nodes network participants could run. Following Shelley, the number of transactions on Cardano's blockchain have increased from around 2,000 per day to more than 100,000 per day.\nIn September 2021, the much-anticipated Goguen update was unveiled. Goguen unleashes smart contracts on Cardano's network, which paves the way for financial and nonfinancial dApps.\nAssuming Cardano's network can be significantly scaled and kept secure, which is what developers are working on now, it could be a serious rival to Ethereum and Solana.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}