From the outside, there’s just one cryptocurrency worth any mention, Bitcoin. The king coin holding over 62 percent of the market capitalization of the entire coin market will take some beating, and according to its opposers, the coin that has the best shot at dethroning the king is Ethereum. The second-largest cryptocurrency in the market,...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24 hours The top cryptocurrencies have been following the price trends in the Bitcoin market, however, with a price consolidation taking place in the BTC market, other alts have also been witnessing a reduced movement. The price of Ethereum recently saw a sudden...Read More
Can Ethereum lead the altseason? Another day, and another altcoin that can supposedly lead the altcoin season. Ethereum is in the news again after noted trader and analyst Peter Brandt claimed that ETH is in a great position to do so after he observed a breakout on the ETH-BTC charts. “Most alts should gain on...Read More
The cryptocurrency world has moved past the largest crypto, Bitcoin, and has been recently paying attention to other important projects. Ethereum has been witnessing strong growth in its ecosystem despite a stalled price. The value of Ether at press time was $244.83, but the anticipation of ETH 2.0 has brought an increased interest in the ecosystem....Read More
There is no doubt that the hottest thing in the crypto industry at the moment is decentralized finance. However, Ethereum as its foundation still hasn’t caught up. Another day has heralded another all-time high for the total dollar value of collateral locked up in DeFi markets. That milestone has just hit $2.15 billion as more...Read More
As the Bitcoin network indicated signs of a bullish rally in the market, the second-largest crypto, Ethereum, was not far behind in indicating signs of an upward trending market. The Etheruem network has been highlighting the strength of the ecosystem, not just with the coin’s position in the market, but along with its extended ecosystem....Read More
While Dash and ETH are seemingly bullish, BAT is eying for a retracement to its immediate support. This comes at a time when altcoins are surging while Bitcoin heads down. Ethereum [ETH] Ethereum has seen a small pump leading to the breach of the resistance at $234.43. A retest of this seems plausible but the...Read More
For years the top-3 coins in the cryptocurrency market have not changed. Tether might’ve spoiled the three-wheel party of Bitcoin, Ethereum and XRP by intruding, but it’s less a cryptocurrency, and more a trading tool. These three coins are regarded as the elite in their own fields – currency, network, and institutions, yet in terms...Read More
The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a...Read More
Most altcoins do not have two legs to stand on. Non-specialized altcoins rarely brush the limelight with isolated pumps and dumps, while others rely on the price movement of Bitcoin. And when the king coin volatility runs dry, investors dilute their alt-bags. Such is the case for most altcoins, but not for the largest one...Read More
During a quarter that began with Bitcoin recovering from its biggest single-day drop in seven years, punctuated with the halving and ended with a two-month stable run, one would think that altcoins would have a leg up. Well, that wasn’t the case. At least not for all the altcoins, but the biggest one of the...Read More
Yes, crypto-tribalism is a big problem; Not Nazi Germany big! Tribalism is rife in the crypto-community. Ten years ago, there was Bitcoin. Today, there is Bitcoin and everything else, the latter popularly known as altcoins. The foremost among these altcoins is Ethereum. However, for long, Ethereum has been the target of ridicule and criticism, with...Read More
Bitcoin’s efforts to breach its immediate resistance on the charts and head towards $10,000 continue to be in vain, with BTC falling on the charts again over the past 24-hours. While the world’s largest cryptocurrency didn’t fall by a huge or a very significant margin, its effects were felt by the market and its altcoins,...Read More
Altcoins, without any organic developments of their own, often find it very hard to move away from the influence Bitcoin’s price has on their own fortunes. While some like Cardano off-late have done so with a slew of major announcements, others haven’t been so lucky, with the likes of Ethereum, EOS, and DASH still far...Read More
Justin Sun appears keen to see Tron make a splash in the emerging decentralized finance (DeFi) scene. Sun Eyes Tron-based DeFi Expansion Tweeting on Friday (July 3, 2020), the Tron CEO announced three new DeFi products, namely; JUST Lend, JUST Swap, and JUST BTC. According to Sun, the JUST (JST) token will serve as the...Read More
What would Vitalik Biterin do differently? With Ethereum 2.0 and the phased transition to Proof of Stake looming, many in the community are hyped for what they expect will be critical to the future of Ethereum. However, ETH 2.0 will follow months of project delays, something that was acknowledged by Ethereum Co-founder Vitalik Buterin on...Read More
Disclaimer: The findings of the following analysis look into Ethereum’s bearish breakout and the recovery effort that followed. The emerging trend, at the time of writing, was bullish in nature since it seemed that the cryptocurrency’s support levels were holding up on the charts The Bitcoin market noted a sudden depreciation in its price on...Read More
Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem. DeFi: The Quickest Growing Sector in Crypto The recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the...Read More
Will ‘Project Catalyst’ catalyze Cardano? The 2020 edition of the Cardano Virtual Summit was expected by many to have in store many major announcements for the ecosystem. And it didn’t disappoint. Among a slew of other announcements, perhaps the most crucial one was the launch of Project Catalyst, “an experimental fund and toolset designed ultimately...Read More
A year after the famous Hollywood actor William Shatner tweeted that Elon Musk and Vitalik Buterin were deciding what to build on Ethereum, the Tesla CEO refuted the rumor but said that he had nothing against the network. Musk: Not Building On Ethereum The Canadian actor, arguably most well-known for his role as Captain Kirk...Read More
Median transaction fees on Ethereum just hit their highest point in almost two years, as the network struggles under heavy congestion. Meanwhile, Ethereum creator Vitalik Buterin confirmed on June 30 that the network would have to make do with current off-chain scaling solutions for the next two years. That’s until the planned scaling capabilities of...Read More
Over the past few weeks, Ethereum has undergone several major downside corrections. Along with its peer altcoins, Ethereum too noted a rather flat month, with respect to price action. However, that hasn’t been the case when several other on-chain metrics are taken into consideration. In a recent development for the world’s largest altcoin, Ethereum noted...Read More
Disclaimer: The conclusions of the following article attempt to foresee Ethereum’s price movement, leading up to a potential breakout in the first week of July. Ethereum noted a sharp decline in value over the past week, a decline that followed a brief upswing that saw the token going close to $250. The latest pullback in...Read More
The cryptocurrency world continues to lack regulations that can help it function efficiently and this has been a hurdle not just for transacting in virtual currency but also when it comes to holding it. The United States Internal Revenue Service [IRS] recently announced that it was preparing to make another move towards taxing cryptocurrencies. However,...Read More
Bitcoin and Ethereum are two of the world’s largest cryptocurrencies by market cap and several BTC-backed ERC20 tokens have continued to increase and thrive on Bitcoin’s rival network. Over the past couple of years, the market for Bitcoin on the Ethereum network has grown significantly, and currently, the latter has become one of the most...Read More
Ethereum has shed 12% in the last 3 days and it currently stands at $222.91 contending with the daily moving average. The total market cap of ETH stands tall at $24 billion and has a 24-hour volume of $6.3 billion. Ethereum – 1 Day Source: ETHUSD TradingView The daily chart showed the sideways movement of...Read More
Bitcoin as a financial asset has drastically grown in popularity in the past few years. As adoption continues to grow and fiat on-ramps and off-ramps become easily accessible, Bitcoin’s user base has grown and diversified significantly. The past few years saw greater institutional interest. While the Hodl culture within the community continues to be dominant,...Read More
Compound (COMP) could be nearing a local price top, soon after the Ethereum-based decentralized finance (DeFi) token recorded a 258% growth in ten days. And while “yield farming” has driven much of that growth, the Compound community has passed through a development proposal that would see incentives taken away from would-farmers. Local COMP Top Incoming?...Read More
Ethereum and the ecosystem it hosts have been on a ride this last week, particularly the DeFi ecosystem. This was mainly due to the recent hype around yield/liquidity farming. Interestingly, all of this is happening at a time when ETH is transitioning into PoS. Regardless, ETH is still the second-largest cryptocurrency in the market, one...Read More
Ethereum facing the heat? It would seem that the group behind the PlusToken, one of the industry’s biggest scams, is becoming more active by the day. Just a few days after PlusToken moved over $65M in EOS between wallets, an ETH transfer worth $186M was initiated. While the said transaction was, briefly, stuck in a...Read More
