Category Archives: Ethereum
Leak Reveals Secret Democrat Plan For A Game-Changing U.S. Crypto Crackdown That Could Hit The Price Of Bitcoin And Ethereum – Forbes
05/14 update below. This post was originally published on May 12
BitcoinBTC, ethereum and other major cryptocurrencies have been grappling this year with a U.S. crypto crackdown that some think could "destroy all value of bitcoin."
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The bitcoin price has climbed over the first few months of 2023 but remains far from its late 2021 all-time highs, with traders hailing a "new market regime." The fate of ethereum and other cryptocurrencies are meanwhile hanging in the balance as U.S regulatory agencies battle for control of the market.
Now, a leaked memo circulated to Democrat House financial services committee members has revealed the "key messages" lawmakers were told to stick to that could see almost all cryptocurrencies categorized as securities.
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The document, passed to committee members by the Democratic party ahead of Wednesdays joint House hearing on crypto policy, was leaked by Fox Business reporter Eleanor Terrett on Twitter. "The problem isnt ambiguityits mass non-compliance with existing laws," the memo reads. "We can't invent new accommodating regulatory structures simply because crypto companies refuse to follow clear rules of the road."
The memo calls on Democrat lawmakers to push back on Republican claims "they are working to provide clarity to the markets by carving out space for the Commodity Futures Trading Commission (CFTC) in crypto" ... "Republicans are proving that they really aren't serious about protecting investors and consumers."
Bitcoin, ethereum and cryptocurrencies have become a partisan issue over the last year, with high-profile Republicans such as Ted Cruz giving their backing to crypto while influential former Democrat presidential hopeful Elizabeth Warren embracing the idea she's "building an anti-crypto army."
05/14 update: This week, a bipartisan bill from 2022 was reintroduced to Congress by lawmakers that would require U.S. federal agencies to report on El Salvador's cybersecurity and financial stability capabilities as part of efforts to fight using cryptocurrency as legal tender, claiming bitcoin could "weaken economic and financial stability and empower malign actors."
El Salvador became the world's first country to make bitcoin legal tender in 2021, with the country's president Nayib Bukele buying almost 2,400 bitcoins as part of a plan to make bitcoin a core part of the country's economy.
"Given U.S. interest on prosperity and transparency in Central America, we must seek greater clarity on how the adoption of bitcoin as legal tender may impact El Salvadors financial and economic stability, as well as El Salvadors capacity to effectively combat money laundering and illicit finances," Jim Risch, a Republican from Idaho who announced the legislation, told the Washington Examiner.
"Never in my wildest dreams would I have thought that the U.S. government would be afraid of what we are doing here," Bukele posted to Twitter last year when the bill was first introduced.
U.S. president Joe Biden issued an executive order last year directing federal agencies to investigate how to respond to the bitcoin, ethereum and crypto boom.
Under chair Gary Gensler, the U.S. Securities and Exchange Commission (SEC) has claimed authority over the crypto market and suggested it views all cryptocurrencies other than bitcoin as unregistered securities.
"Both the SEC and CFTC are aligned on the fact that the SEC is the regulator to determine if crypto assets are securities, and the SEC has made clear that nearly all crypto assets are securities," the memo read, adding: "End of story."
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Gensler, who has attracted criticism from the crypto community for his "regulation by enforcement" approach, has repeatedly asked Congress for more resources to better police the crypto market.
"Republicans want to reverse course and tie the hands of the SEC," according to the memo. "The SEC must continue to lead the regulation of the U.S. crypto market, and Congress must do its part to provide them with the resources they need."
The bitcoin, ethereum and crypto industry has broadly criticized the memo.
"Bizarre that they put something so blatantly illegal in writing," Ari Paul, the chief investment officer of BlockTower Capital, posted to Twitter. "The SEC has no authority to determine what is and isn't a security under law. For them to do so would be a violation of the laws governing their operation."
I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.
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Crypto Braced For Stampede As Legendary Investor Issues $200 Trillion Warning After Wild Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And…
BitcoinBTC, ethereum and the wider crypto market have rocketed this year though the price rally has stalled this week as a leaked memo revealed a secret Democrat plan for a U.S. crypto crackdown.
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market roller-coaster
The bitcoin price boom has been partly fueled by the U.S. banking crisis that thrust crypto back into the limelight and boosted the ethereum price along with top ten cryptocurrencies BNBBNB, XRPXRP, cardano, dogecoin, polygon and solana.
Now, after legendary investor Stanley Druckenmiller warned of a $200 trillion U.S. debt burden, MicroStrategyMSTR founder Michael Saylor has predicted a bitcoin "stampede" due to loss of confidence in the U.S. dollar and banking system.
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"The meltdown in banks and the meltdown of currencies is driving a stampede of smart money to bitcoin," Saylor, who has led his software company in buying 140,000 bitcoin currently worth $3.7 billion over the last three years, told YouTuber David Lin.
"If you lose confidence in the currency, the banks, then you lose confidence in fiat currency as money. And therefore the money is dying," Saylor said, pointing to the struggling economic situations in Venezuela and Argentina where inflation has spiraled to triple-digit percentages.
"If I cant trust the bank, if I cant move the money cross-border and if the currency is losing value every year or every month, then I start thinking about commodity monies," such as gold and bitcoin.
Saylor's "stampede" prediction comes hot on the heels of technology investor Balaji Srinivasan failed $1 million bitcoin price bet, who admitted he'd "burned a million to tell you they're printing trillions."
Srinivasan's $1 million bitcoin price prediction was triggered by the banking crisis that's led to some of the largest banking failures in U.S. history, with fears the collapse of Silicon Valley Bank and First Republic could cascade into PacWest and other regional banks.
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Meanwhile, the U.S. hurtling toward the first-ever U.S. debt default that could happen as soon as next month as a standoff between president Joe Biden and the Republican-controlled House of Representatives continues.
Earlier this month, billionaire investor Stanley Druckenmiller warned the official $31.4 trillion debt limit could be dwarfed by the $200 trillion debt pile once future entitlement payments are factored in.
Druckenmiller compared the debt ceiling and the fiscal spending to "worrying about whether a 30-foot wave will damage the pier when you know there's a 200-foot tsunami just 10 miles out," in a speech reported by Bloomberg.
I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.
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Ethereum (ETH) Supply Down 0.285% in 240 Days Post-Merge – BeInCrypto
Today marks 240 days since an event the Ethereum community has come to know as the merge. And its effects on the total ETH supply are clear.
Arguably the most significant upgrade in its history, the merge saw the Ethereum network transition from a Proof of Work (PoW) consensus mechanism to one based on Proof of Stake (PoS). Now, eight months on from the pivotal event, the long-term consequences of the merge are becoming apparent.
According to the Ethereum analytics dashboard ultrasound.money, nearly 650,000 ETH has been burned since the merge. In the same time span, just under 424,000 new ETH have been minted. The result is a net supply change of around -226,000 ETH.
As a percentage of the total supply, the numbers represent a decrease of 0.213% or 0.285% annualized.
Had the merge not happened, ultrasound.money estimates that the total ETH supply would have increased at a rate of 3.244% per year in the same period.
Long-term Ether holders will likely welcome the news. After years of increasing supply, the higher burn rate in the past 240 days represents a deflationary trajectory. This could reward investors by pushing the price of ETH up.
Driving Ethereums post-merge supply dynamics is a technical change that saw the network replace miners with validators.Crucially, validator rewards are significantly less than the mining rewards issued under the PoW system.
This is because operating a validating node is not as economically intense as running a mining node.
According to the Ethereum Foundation, before transitioning to PoS, miners were issued around 13,000 ETH a day. Since the merge, however, the only fresh Ether issued is the roughly 1,700 ETH a day that goes to stakers.
In addition to the lower reward mechanism enacted by PoS as opposed to PoW consensus, higher burn rates are also driving ETH deflation.
In the months since the merge, the dynamics of PoS-era ETH supply have come into sharper focus. But the question of how long the network can maintain deflationary economics remains.
According to existing assumptions, then issuance as a proportion of the circulating supply will rise until it equals the rate of Ether burned. This will eventually lead to a circulating supply equilibrium where issuance equals burn rate.
Based on contemporary average staking rewards and burn rates, the creation and destruction of ETH are set to converge at around 709,000 ETH per year.
Mathematical models have placed the total circulating supply at equilibrium as between 27.3 and 49.5 million ETH.
Considering todays supply of over 120 million ETH, if current trends continue the total supply will continue shrinking. Under the above assumptions regarding equilibrium, the deflationary trajectory will thus continue for many years.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
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Ethereum (ETH) Supply Down 0.285% in 240 Days Post-Merge - BeInCrypto
Ethereum gas fees at 10-month high! Investors excited about 100x Meme Coins DigiToads and Pepe – Analytics Insight
Ethereums gas fees recently surged up to a 10-month high, mainly off the back of increased buyer demand for ER20 tokens like PEPE, which saw 21,000% gains in just a few days. While nobody wants increased gas fees, we do want gains for our portfolio, and the altcoin growth season looks to be well underway. Other tokens like DigiToads are gaining momentum and could be about to explode like PEPE. Thats why investors are licking their lips at the potential they see with the TOADS ecosystem. It could soon rival some of the bigger altcoins on the market. Heres why:
DigiToads has already been impressing industry onlookers in its early presale stages. And the good news is that theres still plenty of time left if you want to be part of TOADS top ico, with price increases built in to guarantee you profits before it officially launches thanks to a presale model thats hard to beat.
But thats not all: the TOADS ecosystem will become the go-to P2E meme coin in the crypto world thanks to multiple ways to earn as part of a fun and rewarding environment that continues to attract more investors every day. So if you want to train, battle, and win with your unique DigiToad companions as part of the swamp battle arena, look no further than TOADS. Funds to help support the TOADS model are raised via a sales tax on transactions and then paid out to competitors every season in the form of TOADS tokens. You can also stake popular NFTs as part of the ecosystem for an extra way to earn long-term passive income. Investors continue to flock to the DigiToads world, and now is the perfect time to invest if you want to enjoy all these benefits and more while TOADS becomes the biggest meme coin player in town.
>> Buy DigiToads Now <<
PEPEs recent massive surge in price shocked the market, as people havent seen this level of price gains since the likes of Doge and Shib. While increased buyer demand has caused an upswing in ETH gas fees, this is seen as a positive for the wider alt coin world, and provides a new level of confidence that we could be entering the next bull season. Pepe is perfectly placed to lead the way at the front of any bull run, but there might be more room for profits with tokens like TOADS, since it has more room to grow.
Last years merge to ETH 2.0 was supposed to fix high gas-fee issues, and while it went a long way in addressing themrecent buyer demand has shown that they can still become expensive. While ETH might not be the best investment right now when it comes to price action, its still the backbone of the defi token world and home to countless innovative projects on its blockchain. Thats why there will always be a place for ETH in the crypto world, and there should arguably always be a place for it as part of a diversified portfolio.
PEPEs rise to glory caused Ethereum fees to surge, but this was good news for the crypto world: it shows massive gains are still possible. And TOADS is perfectly placed to be the next big meme coin breakout star, which is why you should seriously consider it for your portfolio immediately. Many experts believe it could be the next big thing in the crypto space, and discounts are still available during the groundbreaking TOADS presale.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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Eigen What? How EigenLayer Is Putting $34B in Staked Ethereum Back to Work – Decrypt
Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster)
Crypto Twitter has been awash the past few weeks with talk of a strange new protocol called EigenLayer.
Some are going as far as calling it the next Ethereum Meta, while others are already whipping up speculative airdrop guides. And at least one person is doing Gods work, helping us all pronounce the projects name.
So, what in the hell is EigenLayer? Well, think of it as being like blockchain security-as-a-service.
Instead of having to gather funds, hardware, and a series of validators to keep your newly-launched crypto project from getting 51% attacked (or worse), EigenLayer wants to put staked Ethereum back to work for you.
Heres how it works.
Ethereums proof-of-stake consensus mechanism means that the network is secured by economic incentives and penalties rather than massive warehouses of mining machines. So-called validators in such a network can join and begin earning ETH-denominated yield once they stake 32 ETH to the network. If, however, their validators go down or they behave maliciously by validating incorrect transactions, theyll be penalized; a portion of that 32 Ethereum gets taken away.
For reference, theres currently 19.7 million Ethereum enlisted to keep Ethereum secure, or about $34 billion todaythats more than 16% of all Ethereum currently in circulation. Yes, its a lot.
EigenLayer takes this a step further by rehypothecating all that staked ETH to serve the same security purposes but for other, newer projects.
Rehypothecation is basically another term for using the same money twice. And because that moneys being used twice, stakers who opt-in will also enjoy an even higher yield. And the more projects that build (and gain traction), the more yield opted-in stakers can earn.
Given that the asset being staked here is also Ethereum, these other projects would also be Ethereum-based. EigenLayers white paper includes bridge technologies and oracle providers that could all use this double-dipped Ethereum.
In many ways, this will also make the developers deployment experience far easier, providing confidence that their pet project will ultimately be backed by the markets second-largest crypto network.
Its an odd, very crypto-native idea, but as mentioned, its got a lot of folks fired up. ConsenSys founder Joe Lubin said EigenLayer is at the forefront of some of the most exciting work happening in Ethereum.
And in March, the project raised $50 million in a Series A round from a host of notable investors.
Its early days, of course. For now, though, all eyes are on Eigen.
Decrypting DeFi is our DeFi newsletter, led by this essay. Subscribers to our emails get to read the essay before it goes on the site. Subscribehere.
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Eigen What? How EigenLayer Is Putting $34B in Staked Ethereum Back to Work - Decrypt
Beacon Chain Update on Ethereum Network; ETH Price Analysis – The Coin Republic
Last week, the core developers of Ethereum blockchain came with patches for Prysm Labs and Teku clients. As both of these blockchains were facing finality issues. In a tweet, a Ehereum developer has noted that the Beacon chain was having some confirming transactions issues. However, the new blocks could be proposed, while the un-identified issue prevented their finalization.
Notably, this outage continued for almost 25 minutes. Then just after that day, a similar issue once again occurred that prevented block finalization for more than an hour. Regarding the recent finality issues on the Ethereum beacon chain, the self-described Ethereum Beacon Chain community health consultant also shared a video.
Furthermore, Ben Edgington, the Founder and product Lead of the Teku ETH2 Client also noted about the issue in his tweet. As he wrote, Lots of people asking how much ETH was burned by yesterdays inactivity leak. Back of envelope (assumes 8 epoch leak, 65% validators offline): About 28 ETH (c. 0.0006 ETH/offline validator). However, attestation rewards were zero for the duration, so thats ~50 ETH not issued.
At press time, the price of Ethereum (ETH) was trading at $1803.3, with a 0.40% surge in the last 24-hours. Similar to Bitcoin (BTC), ETH also shows bearish trends in its weekly and monthly price analysis. The second most traded cryptocurrency by market cap dropped by nearly 5% in recent 7-days, while noted almost 11% decrease in 1-month, according to Tradingview.
In the last 24-hours, ETH noted its low at $1788.48 while high was at $1810.38. It has 24-hour trading volume of $4.39 Billion, and has a current market cap of $221.54 Billion.
As shown in the above chart, the current trading price of ETH is above from its 100-day EMA. As the bulls just started showing their dominance, they try to push the ETH price upside. Meanwhile, this push may take the price near to its 50-day EMA. The RSI also started traveling upside in recent hours, as bulls started showing their strength.
It must be noted that currently, most of the cryptocurrencies are showing a bearish trend. According to CoinMarketCap, the global crypto market cap is $1.12 Trillion, a 0.01% decrease over the last day. Additionally, the total crypto market volume over the last 24 hours is $20.89 Billion, which makes a 37.14% decrease.
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
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Beacon Chain Update on Ethereum Network; ETH Price Analysis - The Coin Republic
$100 Invested In AMD, Nvidia, Amazon, Bitcoin, Ethereum And Dogecoin 5 Years Ago Is Worth This Much Now – Benzinga
Investors who placed their hard-earned cash into major U.S. indices have enjoyed respectable returns over the past 5years. Despite a number ofrecent market corrections, including therecent market volatility, partially generated by the Russia-Ukraine war, and the Covid-driven stock market crash of 2020, the SPDR S&P 500 ETF SPY, Invesco QQQ Trust Series 1 QQQand SPDR Dow Jones Industrial Average ETF Trust DIAhave returned 52%, 94% and 35% respectively.
Also Read:Treasury Has Just $88B Left To Avoid A Debt Cap
As good as investors in the major U.S. indices have had it over the past fiveyears, a number of the worlds most popular consumer discretionary, tech and altcoins stocks have also provided excellent returns. Bulls that took a chance on these names were rewarded with gains that outperformed much of the broader market.
Winners Since May2018: According to data fromBenzinga Pro, heres how much $100 invested in each of the following stocks back in spring 2018would be worth today:
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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This Week in Coins: Bitcoin and Ethereum Lead Market Pullback as Dollar Rises – Decrypt
Illustration by Mitchell Preffer for Decrypt.
Despite a small midweek growth spurt on news that the U.S. Department of Labors inflation readings were lower than expected, Bitcoin (BTC) and Ethereum (ETH) entered the weekend with moderate losses over the last seven days.
Bitcoin is down 7.9% and trades for $26,817. Even the news that the Principality of Liechtenstein will soon accept it as payment for state services could not stop the biggest cryptocurrency by market capitalization from posting a larger loss than Ethereum this week.
Bitcoin has had to compete with a rising dollar this week. The cryptocurrency typically has an inverse relationship with the dollar so the latters rise over the last two days has manifested in a pullback in Bitcoins value.
The use of Bitcoin for Ordinals NFTs also appears to be slowing down, with trading volume dropping by 50% on May 11 and remaining far short of its range throughout most of May, according to the Dune dashboard of blockchain analyst Domo.
Bitcoin transaction fees also hit a brief two-year high on Tuesday when the average price hit $31.14, according to data by BitInfoCharts. That figure is now back under $10.
Ethereum dipped 5.8% over the seven days and currently changes hands at $1,800. Its one of lighter dips in a week where, broadly speaking, the damage was light across the market.
Cryptocurrencies that dipped more than 8% this week include Polygon (MATIC), which fell 11.5% to $0.856058, Avalanche (AVAX) dropped 11% to $15.01, Toncoin (TON) sank 11.8% to $1.85, and Internet Computer (ICP) dropped 9.2% to trade at $5.16.
On Monday, American crypto exchange Bittrex filed for Chapter 11 bankruptcy. The news comes weeks after the Securities and Exchange Commission (SEC) charged the company with failing to register as a broker-dealer, exchange, and clearing agency and said the agency netted at least $1.3 billion in illicit revenue between 2017 and 2022.
Back in March, Bittrex said it was winding down U.S. operations, with CEO Richie Lai citing the "current U.S. regulatory and economic environment" as reasons for the decision.
At a hearing in Washington on Wednesday, Republican and Democrat lawmakers failed to find common ground over the extent to which new regulation is needed for digital assets. Their main difficulty is deciding whether a token should be considered a security or commodity, if the former, then regulatory jurisdiction would be given to the SEC, if the latter, it would go to the Commodity Futures Trading Commission (CFTC).
That same day, Texas lawmakers voted overwhelmingly in favor of an update to the states Bill of Rights to include the right of the people to own, hold, and use digital currencies. Its still a long way from being passed though, and still has to pass one more vote in the House, one in the Senate and a peoples vote.
Finally on Thursday The U.S. Chamber of Commerce slammed the SEC for its regulation-by-enforcement approach toward the digital asset industry. It filed an amicus brief in support of Coinbase in the exchanges ongoing court petition to get the securities regulator to clarify its rules.
The SEC has deliberately muddied the waters by claiming sweeping authority over digital assets while deploying a haphazard, enforcement-based approach, the Chamber wrote. This regulatory chaos is by design, not happenstance.
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This Week in Coins: Bitcoin and Ethereum Lead Market Pullback as Dollar Rises - Decrypt
Bitcoin And Ethereum Quiver As Signuptoken.com Soars Into The … – Analytics Insight
The blockchain environment has unfolded as a captivating realm, where Bitcoin (BTC) and Ethereum (ETH) have emerged as prized jewels, serving as valuable commodities. In Argentina, amidst the tumultuous economic landscape, BTC has served as a haven for locals seeking refuge. However, the advent of Signuptoken.com (SUT), promising up-and-coming crypto with unique features, has stirred curiosity and excitement. Its emergence has sparked wonder and speculation, hinting at a potential shift in the blockchains dynamics.
In the realm of cryptocurrencies, Bitcoin continues to hold its throne as the reigning crypto king, as evidenced by its recent all-time price high in Argentinian pesos. This remarkable achievement speaks volumes about the struggling state of the fiat currency in Argentina, which has been plagued by soaring inflation since 2018. Despite the volatility in the crypto market, BTCs popularity continues to surge in Argentina, with its current trading price of approximately ARS 6,393,170.26 or $28,954.97 (at the time of this writing), maintaining a significant value compared to other cryptocurrencies.
Signuptoken.com, a new player in the crypto sphere, may face challenges in catching up with the well-established status of BTC. Although Signuptoken.com may offer unique features and enticing opportunities, it may have a hard time surpassing BTCs dominance, given its widespread adoption and recognition in the cryptocurrency world. As BTC continues to gain momentum, SUT must navigate the competitive landscape and make a distinct mark to establish its presence and potentially compete with the reigning crypto king.
Ethereum continues to reign supreme in the crypto landscape, unfazed by recent withdrawals from its staking program which has now entered its third round. Despite investor trepidations about the enormous exodus of staked Ethereum since the advent of the Shapella upgrade on April 12, the equilibrium of staked ETH remains unwavering. This may be mainly because deposits and withdrawals of this digital asset balance out.
As per the best on-chain analytics tool Nansen, over 18 million Ether are staked, valued at a staggering $35 billion this Monday, representing an impressive 15% of the total Ether supply. Also, recent data from Token Unlocks exclaims that the insatiable appetite for staking Ether persists, with nearly a million ETH deposited since April 12.
Given the established position and popularity of Ethereum in the crypto market, newcomer Signuptoken.com may find it difficult to compete with the longstanding reputation and widespread adoption of Ethereum.
Signuptoken.com, a newbie in the blockchain space, has the potential to eventually compete with established crypto leaders like Bitcoin and Ethereum.
Bitcoin and Ethereum have a dominant position in the cryptocurrency market no doubt about that. But, Signuptoken.com may have an opportunity to carve out its niche, which its starting to do via its plethora of unique offerings, from its crypto referral to its digression from usual presale tactics. Its recent commitment to dropping 100% of its token supply upon launching has also grabbed the attention of its growing user base and potential investors.
Signuptoken.com can also outrank Bitcoin and Ethereum as it has the edge of learning from the successes and failures of the crypto giants. By analyzing the shortcomings of established cryptocurrencies, Signuptoken.com could develop a more efficient, secure, or user-friendly blockchain platform.
However, recognizing that it would be difficult and take a lot of time, money, and persistent attempts to compete with Bitcoin and Ethereums market domination is also vital. In the fiercely competitive world of cryptocurrencies, Bitcoin and Ethereum have a solid foothold thanks to their substantial user bases, solid infrastructure, and well-established ecosystems.
The blockchain landscape is known for its fast-paced nature, and Signuptoken.coms potential to surpass Bitcoin and Ethereum is yet to be revealed. However, one thing is certain: Signuptoken.com is forging a path for its growing market that will provide countless prospects for financial success.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
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Bitcoin And Ethereum Quiver As Signuptoken.com Soars Into The ... - Analytics Insight
Lido begins recovery ahead of Version 2 rollout on the Ethereum blockchain, heres where LDO is headed – FXStreet
The Lido DAO is a Decentralized Autonomous Organization that has currently opened voting for Version two on the Ethereum mainnet. The voting process will end on May 15, LDO price has started its recovery.
Also read: Cardano price gears up for recovery after massive spike in social engagements
Lido DAOs token LDO started its recovery over the past week. LDO price climbed 3.2% over the past week, and the token is currently exchanging hands at $1.92, based on data from CoinGecko.
If Lidos vote passes then Lidos Version two will be implemented on the Ethereum mainnet. Lido has invited users to cast their votes in a recent tweet:
The proposal currently has 5.94% positive votes and 0% users are against the same.
Voting on Lidos proposal
The platform has $12.14 billion locked in its protocol, in Total Value Locked (TVL) based on data from DeFi Llama. The chart below shows a consistent spike in TVL of Lido, and the massive recovery since the FTX exchange collapse.
Lido TVL on DeFi Llama
The Version two rollout is key for Lido as it marks an upgrade since the protocols launch in December 2020. Whats more, users will be able to claim their staked Ether in exchange for stETH post May 15, marking a shift in the crypto landscape.
LDO is currently in a downtrend that started in March 2023, and the assets price is below the three Exponential Moving Averages (EMAs), 10, 50 and 200-day EMAs. The immediate resistance for LDO is at $2.018 and $2.132, two of three long-term EMAs.
Other key support and resistance levels in the long time frame from November 2022 is $2.289, $3.252 and $1.887.
LDO/USD 1D price chart
A decline below the support at $1.887 could invalidate the bullish thesis and the asset could nosedive to support at the Fibonacci level at $0.480.
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