Ethereum is trading at the $1300 level and the price is up nearly 5.7% in the past week. After hitting $1426 on Jan 29, 2021, the price dropped without hitting $1500, which is to a certain extent comparable to what happened to Bitcoin. Though Ethereum’s chart shows volatility at the current price level, it has...Read More
Even though Bitcoin moved closer to the $34,000 level and saw some positive movement on the charts, some altcoins remained cautious and awaited stronger cues for a more definitive move. Such was the case with ETH and TRX, both of which were moving sideways at the time of writing. On the other hand, SUSHI showed...Read More
The Grayscale Ethereum Trust, which offers its institutional and accredited investors to take advantage of private placements on several occasions throughout the year, has reopened the initiative of its shares. Grayscale announced resuming the Ethereum Trust private placement earlier, thus enabling accredited investors to allocate funds into the company’s product following the second-largest cryptocurrency. Private...Read More
Grayscale, one of the world’s largest digital asset managers, has reopened its Ethereum trust to investors. At 4 PM EST, an announcement confirmed that the Grayscale Ethereum Trust had resumed the private placement of its shares. As of 4 pm EST today, Grayscale Ethereum Trust resumed the private placement of its shares. The Trust’s private...Read More
Ethereum’s price, at press time, was hovering around the $1,300-level, with the altcoin under a lot of selling pressure since hitting the $1,472-level. At the time, the altcoin was 11.6% below its ATH, with the market capitalization dropping to under $150 billion. Curiously, according to some, the drop in Ethereum’s price might be blamed on...Read More
The off-chain decentralized computation platform Cartesi has launched a layer-2 solution to work on top of the Ethereum blockchain. The so-called Optimistic Rollups aims to decrease the high transaction fees by orders of magnitude and support scaling by taking computational demands off-chain. Cartesi’s Optimistic Rollups For The ETH Network The Ethereum network, arguably the most...Read More
With Ethereum working towards transitioning to a complete PoS Layer 2 network, many in the community are concerned about when mass adoption may be incoming. This question was recently answered by Anthony Sassano, Founder of The Daily Gwei, during a recent interview when he said that it will be “soon incoming.” In an interview with...Read More
Ethereum registered a lot of bullish momentum on the charts as 2020 came to a close. On the back of Bitcoin’s bull run, 2021 has also been very promising for the cryptocurrency. In fact, even as Bitcoin struggled to maintain the $32,000-price level, Ethereum ended up securing its latest ATH. However, since then, the situation...Read More
The giant social media platform Reddit has doubled-down on its blockchain and cryptocurrency involvement with a new partnership with the Ethereum Foundation. As a result, Reddit plans to utilize the Ethereum network to create larger-scale applications like the Community Points introduced last year. Reddit Doubles-Down On Blockchain CryptoPotato reported last year that the San Francisco,...Read More
Popular social media platform Reddit is in the news today after it announced a partnership with the Ethereum Foundation, with the development establishing Reddit’s first-ever blockchain partnership. The goal behind the same is to accelerate the scaling process and resources for the Ethereum ecosystem and bring the value of blockchain technology to Reddit’s community of...Read More
An interesting observation was put forward by Quantum Economics’ Mati Greenspan yesterday. The popular analyst observed that after Bitcoin touched its latest ATH at $42,000, Ethereum registered three new ones in the same timeframe. Albeit the press time corrections, Ethereum has been performing really well in 2021. With its valuation continuing to consolidate near its...Read More
Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees. The Booming DeFi Space...Read More
Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35.4B in January 2021. On the contrary, DeFi projects’ TVL hiked by over 2500% from June 2020 to January 2021. Now, though DeFi projects’...Read More
United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. ...Read More
Coinbase ‘Year in Review’ 2020 report stated that there was a growing institutional demand for Ether, amid increasing corporate investments in Bitcoin. According to researchers at Coinbase Institutional, while the exchange’s clients predominantly bought Bitcoin last year, a growing number also took positions in Ethereum. Source: Coinbase Most institutional clients at Coinbase think of Ethereum...Read More
The collective crypto ecosystem exhibited a significant decline on the 21st of January. Bitcoin dropped down to $28,880 and after registering a new all-time high, Ethereum dropped down to $1081. However, while Ethereum and other altcoins have managed to recoup higher levels in the charts, Bitcoin is still struggling below its immediate resistance range. At...Read More
With Ethereum’s price retesting its ATH levels, it is time to either blast-off or crash for the coin. Regardless of what happens, ETH seems to be setting itself up to come out on the top for a new leg of the rally. As bulls recuperate their momentum, it is a ‘make or break’ moment for...Read More
Ethereum price hit a new ATH of $1476 on Monday after recently testing the previous ATH a few days ago. While ETH’s resurgence is bullish in the short-term it is yet to determine how the long-term outlook will evolve. At press time, there are conflicting long-term outlooks but the short-term scenario seems bearish for the...Read More
Ethereum broke its ATH and showed signs of bullishness as it projected a target of $1632 to achieve over the next week. Tezos was in an uptrend but faced some resistance above the $3 region and Uniswap surged to $12.5 but could witness a pullback. Ethereum [ETH] Source: ETH/USD on TradingView For the move from...Read More
Hot on the heels of Bitcoin, the world’s largest cryptocurrency, registering its own ATH a few weeks ago, it would seem that the world’s largest altcoin is intent on replicating BTC’s performance as well. Ether has now breached its previous ATH and registered a new high at $1476 in the early hours of 25 Jan....Read More
Ethereum prices reached their highest ever levels during Monday morning’s Asian trading session, coming just shy of $1,500. Bigger price predictions have been made by some of the industry’s top players. A few hours ago, several exchanges including Binance reported their highest ETH prices at around $1,475 but the asset has retreated a little since...Read More
Ethereum rose above $1250 and was trading at $1326 with the likelihood of testing $1440 on the back of demand from buyers. Aave continued to surge and targeted $260, and Algorand broke above an important region of supply and looked to flip that region into one of demand. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum’s price registered a new ATH on the charts recently. However, despite corrections setting in and its high correlation with Bitcoin, ETH managed to keep its losses to a minimum over the past...Read More
Soon after Ethereum’s price went past the crucial $1400-level a few days back, it fell down the charts. However, despite the scale of price corrections, the cryptocurrency was continuing to trade close to its ATH with a trading price of $1,255, at press time. Over the past few days, two of Ethereum’s key metrics also...Read More
After reaching all-time highs, both Bitcoin and Ether have faced a wave of correction; while the former seems to be stagnated, the latter slid further. Experts believe the current dip in prices is a temporary setback and even a healthy pullback before Bitcoin and Ether reach higher ranges. However, a popular trader and crypto analyst...Read More
Bitcoin failed to recover in the past seven days, and it marked a further decline of about 8%. This has its current price hovering around $32,000, and its dominance has declined to 64.1%. But before we take a look at what this means for the altcoin market, let’s see what happened with BTC. The cryptocurrency...Read More
When stories of Bitcoin millionaires began to emerge alongside the asset’s rally, Ether’s users also had a tale or two to share. An anonymous hodler who bought Ether, when it was trading at $2, is apparently “fully out of the game.” The trader who goes by the handle “u/FollowMe22” on Reddit apparently sold Ether recently....Read More
Grayscale Investments have one of the largest total-assets under management in the cryptocurrency industry. With the likes of Bitcoin, Ethereum, and other major assets under their belt, their net AUM on 13th January was reportedly worth close to $25 billion. With GBTC or Grayscale Bitcoin Trust being the most popular among other products, Grayscale’s Ethereum...Read More
Is Ethereum recovering from the correction post the new ATH or approaching a sell-off? This is a burning question for many retail traders as the bloodbath across the altcoin market continues. Ethereum was ranking #1 in terms of transaction volume, though the asset beat Bitcoin to it, the top driving factor was the social volume...Read More
Over $3 billion worth of ETH is now staked in ETH 2.0, representing 2% of the total supply of ETH in existence. Vitalik Buterin called this the ‘ultimate bet on progress’ as over 4800 users have now deposited 32 ETH or more. However, data from etherscan reveals that 31.2% of deposits come from Exchanges and...Read More
