Ethereum is currently one of the top-performing high capitalization crypto assets with a surge of 11.5% on the day to reach a five-month high of $270. ETH on a Tear The move was initiated a few hours ago following weeks oscillating between $225 and $245. A minor pullback has occurred as trading begins in Asia,...Read More
It is impossible to keep Ethereum out of the headlines at the moment. The anticipation surrounding Ethereum 2.0 was keeping the largest altcoin omnipresent but currently, the immense growth of DeFi is doing the trick. According to Coinmetrics’ recent State of the Network report, DeFi is currently assisting Ethereum to register new highs with regards...Read More
The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels. Median BTC Transfer Volume up 100 Percent Since 2020 Beginning As...Read More
The continuous growth of the most widely utilized stablecoin Tether (USDT) has pushed its total market capitalization above the coveted $10 billion mark. On a monthly scale, the rise is even more impressive as it has doubled since March 2020. Tether Takes Over $10B Market Cap Tether, or as it was initially named – Realcoin,...Read More
The Ethereum derivatives market, like its spot market, was lying low. The last time the Options market witnessed increased activity was on 26 June, wherein a bulk of contract expiry was supposed to take place. According to data provider Skew, the Open Interest [OI] on 26 June was close to $170 million, which shrunk close...Read More
The Ethereum ecosystem has had quite a few developments taking place on Decentralized Finance [DeFi] and with regard to the stablecoins based on its platform. As the market gathers interest, the launch of Ethereum 2.0 is much-awaited. According to the pioneer of ETH 2.0 multi-client testnet, Afri Schoedon the launch may take place by November...Read More
Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this. Higher Transactions Fees Vs. Block Reward Encourage Malicious Mining In a recent tweet, Buterin said that the...Read More
Disclaimer: The following price prediction should materialize in the next 7-days or less. Ethereum’s sideways movement below the upper resistance of $250 and consistent movement above and below $233-$227-$216 has been fairly evident since the start of June 2020. The last significant rally was witnessed during the end of May and since then, similar to...Read More
Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network. Ethereum Beats Bitcoin on Economic Activity Messari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity...Read More
Disclaimer: The findings of the following analysis attempt to study the price trend evolving in the Ethereum market Ethereum, the world’s largest altcoin, was priced at $238 at the time of writing, with ETH testing the $240 level, but with no luck. Trading in a strong sideways channel since May, the top altcoin followed in...Read More
Proof of Work, a consensus mechanism, has proved to be the backbone of some of the leading and widely-adopted blockchain networks. These include Ethereum, Litecoin, and, of course, Bitcoin. Many from the blockchain industry have wondered how come Proof of Work (PoW) remained so resilient over all these years. Some are even baffled by its...Read More
The Ethereum network has been among one of the few major projects flourishing in the time of a dull market. Even though the price has been unreactive, the ecosystem has been noticing a faster-moving network, due to an increase in the gas limit. According to the data, the Ethereum gas limit has reached a new...Read More
The cryptocurrency market has been noting varying price action across the spectrum of coins in the past few weeks. Bitcoin – the world’s largest cryptocurrency continues to be stuck in a sideways movement with a trading price of $9136 and a 24-hour trading volume of $4.1 billion. Source: CoinStats For altcoin’s like VeChain and Dogecoin,...Read More
Disclaimer: The following price prediction analyses the emerging price trend in the market and its impact. Ethereum’s price was able to breach past the resistance at $226 and reach $249, however, with the resistance so close at $250, the coin retracted. The second-largest digital currency has been bouncing around $227 and $250 for the past...Read More
A lot has been said about Ethereum 2.0 over the past few months, and with the growing anticipation, its functionality and economics have been under scrutiny but a concrete evaluation hasn’t been conducted yet, until now. After receiving significant funding from MolockDAO, Consensys’s Tanner Hoban and Tom Borgers have combined their effort to review the...Read More
With Ethereum’s imminent move to Ethereum 2.0, the process of staking will be introduced by the blockchain network, and the $26 billion worth of Ethereum will all be convertible into yield-bearing assets. Now, Stefan Coolican, President of Ether Capital recently explained that the eventual shift to staking would potentially transform Ethereum into a digital bond,...Read More
By Pete Kim At Coinbase, our mission is to build an open financial system. We strongly believe that increasing economic freedom will make the world a better place. Decentralized Finance, or DeFi for short — an open, borderless, and programmable version of finance — is an inseparable part of that vision. Smart Contracts DeFi is...Read More
Ethereum was noting a lot of downward pressure on the charts, with its price collapsing from $238.34 to $229.77 within an hour. While at the time of writing, ETH’s price had recovered somewhat, trading at $232.53, the pressure from the sellers continued to linger in the market. Irrespective of the price of the coin, however,...Read More
Many of the market’s altcoins shared a brief period of correction on the charts, with Ethereum, IOTA, and Dash all noting a minor decline in price over the past 24-hours. While the latest crypto-giveaway scam on Twitter, one involving Bitcoin and a host of famous personalities, brought a little bit of attention to cryptocurrencies, it...Read More
A common topic of discussion over the past couple of months has been the stalling price of Bitcoin. After its halving in May, the major asset repeatedly failed to breach $10,000, and other than short-term consolidation above the resistance, BTC was unable to sustain a higher position. Source: CryptoCompare London-based data service CryptoCompare revealed in...Read More
The continuous rise of institutional interest towards the cryptocurrency industry is exemplified by Grayscale Investments’ record Q2 2020 earnings report. The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record. Grayscale’s Best Quarter To date The company,...Read More
Ethereum is currently undervalued and is poised to increase in the long-term, potentially reaching market cap parity with Bitcoin, some analysts claim. Ethereum Might Be Bullish In the Long-Term As Ethereum is getting closer to its 5th anniversary, some market onlookers are waiting for its revival, especially amid the context of the awakening altcoin season....Read More
Disclaimer: The following price prediction should materialize over the next two weeks. On May 28th, when Ethereum surged by 8.75 percent, the 2nd largest digital asset breached above the resistance of $226. Now over the past five weeks, the asset has been able to maintain consolidation between $227 and $250 albeit a minor decline on...Read More
Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD. Ethereum Outperforms BTC In New Active Addresses According to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has...Read More
Binance Coin least profitable exchange token, OKB most for Q2 Now, it seems like every exchange has issued its own token. From Binance Coin to FTX token, the top-coins on Coinmarketcap are littered with several exchange tokens, many of which have been issued in the past 12-months. As far as their recent performance goes, they...Read More
Among Ethereum Classic, Tezos, and Monero, only the last coin looks confidently bullish while the other two have been met with resistance. With altcoins surging in the past week or two, there is hope for all the coins to surge higher. Ethereum Classic From the above chart, it is clear that ETC is still respecting...Read More
The crypto market has noted unexpected price action in the past week. While Bitcoin continues to struggle to go close to $10K, many altcoins saw their price surge independent of the king coin. Ethereum too reported a strong market sentiment, as its ecosystem saw a lot of growth with a surge in active addresses. However,...Read More
Bitcoin – Correlated at the hip? Proponents of Bitcoin, the world’s premier cryptocurrency, have long claimed that the king coin is far from correlated with traditional financial markets, especially the S&P500. However, this claim has lost a lot of its footing over the past few months, with the COVID-19 pandemic affecting each and every market....Read More
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
