In a previous article, we discussed the changes that will take place after EIP-1559 is implemented on Ethereum and the modification of the current gas fee system. As explained, the main objective of EIP-1559 remains to lower gas fees for its users so that individuals are not overpaying for their transactions to go through. While...Read More
Ethereum’s price is breaking all ceilings, with the cryptocurrency rallying by over 50% over the last 7 days, based on data from CoinMarketCap. The rally, similar to Bitcoin’s narrative, is pivoting on a drop in active supply. In fact, it is expected that the only outcome of the drop in supply will be a price...Read More
It’s been a good few weeks for the cryptocurrency market. On the back of Bitcoin climbing to one ATH after another and Ethereum going past $1000 on the price charts, the market hit yet another milestone today after the cumulative market cap of the industry hit the $1 trillion mark for the first time ever....Read More
There were significant positives for Ethereum in 2020, with the world’s largest altcoin stepping into 2021 on the right foot. Between the 1st and 3rd of January, the cryptocurrency’s value hiked from $725 to $990, with the following day seeing ETH touch a high of $1169 too. CoinMetrics’ recent report illustrated Ethereum’s maturity in the...Read More
The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeFi TVL in dollars amounted to $18.3 billion, at press time, according to DeFi pulse. Image Source: DeFi Pulse Although Bitcoin attracted several major...Read More
There was a strong surge in Ethereum price above the $900 and $1,000 levels. ETH price broke the $1,100 level and settled well above the 100 hourly simple moving average. A new multi-month high was formed near $1,160 before the price corrected lower sharply. The main resistance is now forming near $1,120, above which, ether price might rally significantly....Read More
For Bitcoin, the days that followed Christmas 2020 have been extraordinary. Since 26 December, Bitcoin has shot up by 40.74% on the price charts. One can argue that the cryptocurrency brushing past the psychological resistance levels at $25k, $30k, and climbing as high as $34.8k is a testament to the strength in Bitcoin’s bull rally....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 surged from $715 to $1,169 in a span of three days. However, the $1,168 high was momentary and the price was soon forced to retrace as Ether formed a swing failure pattern. ETH...Read More
The price of Bitcoin, the world’s largest cryptocurrency, registered a new all-time high of $34,800 on 3 January 2021. However, thanks to the exponential nature of BTC’s hike, corrections were inevitable. On 4 January, as the crypto was consolidating above $32k, it witnessed a sudden dump, with the value of the cryptocurrency plummeting from $33,374...Read More
Hot on the heels of Bitcoin’s record-breaking bullish rally over the past few weeks, it would seem that Ethereum, the world’s largest altcoin, is intent on breaking a few records of its own. On the back of a year that noted mixed fortunes for the altcoin’s community, ETH finally surged above the much-anticipated $1000-mark, a...Read More
Bitcoin’s performance has been unparalleled and as the market marvels at the performance of the world’s largest cryptocurrency, the second-largest crypto, Ethereum [ETH] has surpassed $800 and reached $851. This value of ETH was last seen in May 2018 and as the rally in the BTC market gains momentum, the alt season may kick-off with...Read More
Ethereum was strongly bullish on the charts as the dip to $700 never came, but instead, a boost to $789 was noted on the charts. Stellar Lumens slumped in the face of sellers, while FTX Token also surged and was trading at $6.38. Ethereum [ETH] Sorry: ETH/USD on TradingView Ethereum had a strongly bullish outlook...Read More
Ethereum reached a high of $759, a value ETH previously held in April 2018. Etheruem bulls would seek to hold on to the $725 and $700 levels of support over the coming days in the case of a dip. Dogecoin also saw fantastic gains over the past few days and could be set to retrace...Read More
The Ethereum [ETH] market has been seeing increased momentum that has been driving the price of the cryptocurrency in the past few months. Amid the active spot market, the active supply of Ethereum has been dropping to new lows. According to the data provider – Glassnode alerts, the active supply of ETH measured on a...Read More
Ethereum 2.0 has been touted as a transition to a better consensus mechanism, and this particular ‘transition’ has been under research for the better half of the past year. The development process was initiated in 2018 and it took a while to reach Phase 0. Over the past 18-20 months, the Ethereum Foundation dealt with...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, the king of the altcoin market, has seen a considerable surge on the price charts lately thanks to Bitcoin‘s bull run. At press time, Ethereum had hit a price level of $743, a...Read More
The past year was punctuated by a series of extreme peaks and troughs. In spite of that, however, there is an assured collective acceptance of Bitcoin, one that is palpable. 2020 particularly was dominated by numbers and growth. Here are a few highlights, Crypto’s collective market cap increased by 284% Bitcoin Year to Date spike...Read More
The Ethereum-based social network Sapien has partnered with Matic Network, Biconomy, and Torus Labs to enhance mainstream adoption of Web3 social media. The collaboration between the projects will enable gasless transactions and the automatic creation of non-custodial Ethereum wallets on the social platform. Gasless Fees On Sapien’s Ethereum Network The blockchain-based social platform describes itself...Read More
GreenPro Capital has announced its plans to set up a BTC Fund for investment. The firm confirms its belief that Bitcoin might be the next best thing and a truly reliable store of value. Another Believer In The Bitcoin Institutional Future GreenPro Capital Corp (NASDAQ listed as GRNQ) is among the latest corporations to express...Read More
Ethereum had strong bullish momentum behind it after its ascent past the $700 mark in the past week. A move above $750 could see ETH reach $800, with $819 a projected target for bulls. Ethereum Classic was unable to hold on to its gains after rising past $6 and was forced back to a level...Read More
Ethereum saw a pullback after reaching a local high of $747. Tezos broke out of a triangle pattern but was forced to revisit a level of support, while Dash witnessed increasing selling pressure in the short term. However, it formed a bullish pattern on the charts, and conviction from the bulls could see its price...Read More
Three years ago, Bitcoin prices were just cooling off from a surge to an all-time high of $20,000. The altcoins had yet to peak, but this would come in the first week of January. Fast forward three years and Bitcoin prices are just cooling off from a new all-time high of $28,400 on Sunday, December...Read More
Bitcoin’s recent performances have been challenging the rest of the market to up its game. However, this has not been possible so far. For instance, while the market’s second-largest altcoin, Ethereum, has been registering some growth, it hasn’t risen on the price charts as much as Bitcoin. What has this led to? Well, this has...Read More
Bitcoin’s latest price rally has pushed the cryptocurrency’s value higher on the price charts, with BTC briefly climbing to $25,000 as well. However, while for a time the said rally was driven primarily by institutions, with Christmas over and the rest of the festive season coming up, one might expect institutions to leave the reins...Read More
While Ethereum did move to the upside of the $615-zone, there was no breakout yet for ETH as $637 posed dogged resistance. On the contrary, IOTA traded within a range that extended from $0.288 to $0.32, while Dash showed it could be poised for a minor dip in the coming hours. Ethereum [ETH] Source: ETH/USD...Read More
After Bitcoin noted a gain in price, altcoins Ethereum, Ethereum Classic and Cardano followed suit and rose along with the broader market. Ethereum [ETH] Source: ETH/USD, TradingView ETH’s 4-hr chart showed that prices have been consolidating between $575.50 and $637.46 for the past 4 days. At press time, the world’s second-largest cryptocurrency was rising along...Read More
Khurram Shroff, Chairman of IBC, or International Blockchain Consulting Group, believed that cryptocurrencies could replace bullion in the future. Speaking about Wall Street’s “renewed interest” in crypto markets, the Dubai-based executive also believed that Bitcoin’s scarcity “helped maintain buoyancy” in such markets. Shroff said in a report: Decentralized cryptocurrencies are sparking renewed interest on Wall...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market has been trending lower over the past few days and in light of its correlation with the rest of the market, the altcoin market is dipping too. Ethereum, the world’s second-largest...Read More
United States Securities and Exchange Commission (SEC) today issued a statement and requested for comment on the issue of “custody of digital asset securities by broker-dealers.” The federal agency believed this would encourage innovation around the application of Securities Exchange Act Rule to digital asset securities. According to the Commission, a broker-dealer operating under certain...Read More
The altcoin market took a bit of a beating over the past few hours as many large-cap coins turned red on the charts. Bitcoin Dominance rose to show 68.68% at the time of writing, Ethereum saw a rejection at $640 in recent hours and was likely to test the $583 level of support. Zcash was headed...Read More
