Category Archives: Ethereum
Ethereum price could rise further as supply on exchanges nears all-time low – FXStreet
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, noted a consistent increase in the number of new addresses created per day and a consistent decline in its supply on exchanges. In the past week, data from crypto intelligence tracker Santiment shows nearly 90,000 new addresses were added per day to Ether.
At the time of writing, the Ethereum/Bitcoin ratio is up nearly 18.00% in the past week.
Also read: Bitcoin records largest transaction of 2024, $665.3 million BTC transferred on Tuesday
Ethereums recent on-chain activity suggests the altcoin could see further gains. In the past few weeks, Ethereum added over 89,400 wallets to its chain on avearge every day, as seen in the Santiment chart below. Data from the on-chain tracker reveals that 96,300 new ETH wallets were created on Tuesday.
Ethereum price dominance and supply on exchanges. Source: Santiment
The creation of new wallets on a chain is a sign of its relevance among market participants, signaling that demand for the cryptocurrency is likely on the rise. Santiment data shows that Ethereums price has surged against Bitcoin, with ETH price up nearly 18.00% in the past week.
Moreover, Ethereum supply on exchanges has hit a near all-time low at 8.06%, as seen in the chart below. ETH supply dropped from 8.97% in July 2023, and it hit a bottom of 8.05% in December 2023.
Typically, a decline in exchange supply supports ETH price gains.
ETH supply on exchanges. Source: Santiment
At the time of writing, ETHis trading at0.059 against BTC. ETH/BTC climbed nearly 18.00% in the past week and 12.23% in the past month. Ethereum price is $2,545.70 on Binance.
Excerpt from:
Ethereum price could rise further as supply on exchanges nears all-time low - FXStreet
Ethereum decouples from BTC Heres what it means for ETHs future – AMBCrypto News
Bitcoin [BTC] was in the limelight for quite some time due to anticipation around the ETF. Due to this, Ethereum [ETH] got left behind and the correlation between the two coins witnessed a decline.
According to Kaikos data, the BTC to ETH correlation has fallen below its historical average of 0.71 for the first time since 2021. In recent months, the two cryptocurrencies have demonstrated divergent price movements, with BTC benefiting from ETF-related hype and speculation, while ETH underwent a comparatively subdued rally.
Analyzing BTCs performance leading up to its ETF approval offers insights into ETHs potential trajectory. Over the past 365 days, BTC has witnessed a robust 100% increase in returns, outpacing ETHs more modest 60% returns.
However, a shift occurred on the day of BTCs approval, with BTC experiencing a decline and ETH rallying, fueled by the growing anticipation that ETH could be the next in line for such approval.
In the past week, ETH spot volume on Centralized Exchanges (CEXs) surged to its highest level since the FTX collapse.
Notably, there was a substantial disparity in volume between ETH and altcoins, favoring ETH and representing the most significant gap since March 2023.
This surge in volume suggests heightened market activity and interest in ETH, potentially indicative of a changing dynamic within the cryptocurrency landscape.
However, some factors may help generate interest in ETH in the next few months.
Apart from the potential approval of the Ethereum ETF, the new developments on the Ethereum network may also provide some hope to ETH holders.
ReadEthereums [ETH] Price Prediction2024-25
Recently, the Dencun upgrade was deployed on the Goerli testnet, further cementing the fact that the development teams progress in terms of development.
Moreover, in the recent ACD call, discussions around deploying the Dencun upgrade on other testnets also ensued.
Read more from the original source:
Ethereum decouples from BTC Heres what it means for ETHs future - AMBCrypto News
ETHEREUM CLASSIC $ETC Airdrop: Secure Your Portion of Tokens | by Kimberly Campbell | Jan, 2024 – Medium
ETHEREUM CLASSIC $ETC AIRDROP art by Jonathan Wheeler
Are you looking to get this ETHEREUM CLASSIC $ETC Airdrop using DappRadar? If so, you are in the right place. As the popularity of airdrops keeps soaring in the cryptocurrency space, its essential to understand the process of getting ETHEREUM CLASSIC $ETC airdrops with DappRadar. In this blog post, we will delve into the specifics of getting ETHEREUM CLASSIC $ETC airdrops with DappRadar and showcase the potential benefits for you as the reader. Whether youre new to airdrops or looking to expand your knowledge, this guide will provide valuable insights and step-by-step instructions. Lets begin this journey to uncover the opportunities presented by ETHEREUM CLASSIC $ETC airdrops and how DappRadar can ease the claiming process.
The ETHEREUM CLASSIC $ETC Airdrop is becoming a popular method for cryptocurrency projects to distribute tokens to a wide audience. An airdrop requires allocating tokens or coins to many wallet addresses for free or in exchange for completing simple tasks, such as participating in a social media initiative or having a certain cryptocurrency. These airdrops fulfill different purposes, such as boosting token distribution, rewarding loyal community members, and creating knowledge for the project. They allow projects to access a broad audience and incentivize engagement.
1. Go to DappRadar ETHEREUM CLASSIC $ETC Airdrop page and follow instructions.
2. Connect your wallet
Essential: Make sure to personally examine each of your wallets to guarantee the claiming of all eligible tokens.
3. After linking your wallet, validate and sign the transaction to get your tokens through the platform.
4. SUCCES! Your tokens should appear in your wallet.
DappRadar is a platform that provides data and insights for decentralized applications (dApps) on multiple blockchains. It offers crucial data and analytics, allowing cryptocurrency supporters to discover, analyze, and track dApps across many blockchains. DappRadar plays a vital role in the process of claiming ETHEREUM CLASSIC $ETC airdrops by providing users with knowledge into airdrop chances, allowing them to make educated decisions about participation.
Utilizing DappRadar to claim ETHEREUM CLASSIC $ETC airdrops presents several benefits to cryptocurrency enthusiasts. Firstly, it provides access to reliable information about upcoming airdrops, making sure users stay informed about potential token distribution opportunities. Moreover, DappRadars platform facilitates convenience in tracking airdrop opportunities, optimizing the process for users to identify and participate in airdrops applicable to their interests. Additionally, DappRadar incorporates security features for wallet integration, improving the overall safety and user experience when claiming ETHEREUM CLASSIC $ETC airdrops. By utilizing DappRadars extensive platform, individuals can increase their participation in airdrop drives, obtaining access to valuable knowledge and possibilities within the cryptocurrency space. For more information about ongoing airdrops and upcoming chances, consider exploring platforms like Airdrops.io and Coindesks Airdrop section. Stay tuned for the next section on the potential worth and impact of participating in ETHEREUM CLASSIC $ETC airdrops for users.
To get started, the first step is setting up a DappRadar account. This involves accessing the DappRadar site and selecting the Sign Up or Create Account button. Upon registering, its crucial to prioritize account security by utilizing a strong, unique password and turning on two-factor authentication. By establishing an account, users gain access to tailored airdrop recommendations based on their preferences and activity within the decentralized finance (DeFi) space.
Read the original:
Solana Primed To Outperform Ethereum by up to 5x, According to Glassnode Co-Founders Heres the Timeline – The Daily Hodl
The co-founders of the crypto analytics firm Glassnode think Solana (SOL) could outperform Ethereum (ETH) by up to 5x in the current bull run.
Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say the SOL/ETH chart suggests the SOL/ETH ratio could surge.
In other words, SOL may outperform ETH by 4-5X into the crypto top. And Ethereum is going to rally by itself also.
The chart looks at the Relative Strength Index (RSI), a widely used momentum indicator that aims to determine if an asset is overbought or oversold. The RSI indicates SOL has strong momentum, according to the Glassnode founders.
The chart also examines the moving average convergence divergence (MACD) indicator, a momentum metric that traders use to watch possible trend reversals. Happel and Allemann say SOLs MACD looks bullish.
SOL is priced at $100 at time of writing. ETH is trading at $2,539.
Happel and Allemann also say that altcoins in general are ready to fly.
We have had a period of CONSOLIDATION after the break-up of the rounding bottom formation. The next phase is ACCELERATION!
This is where the Altcoin Season sends crypto flying. The market will double and triple [in] a matter of few weeks to months.
Generated Image: Midjourney
Excerpt from:
Ethereum vs Bitcoin: Navigating the Cryptocurrency Landscape | by Reynoldsfred | Jan, 2024 – Medium
Introduction
Cryptocurrencies have revolutionized the financial landscape, with Bitcoin and Ethereum leading the charge. In this article, well delve into the intricate comparison between these two giants, exploring their histories, technologies, use cases and future outlooks.
Historical Context
Genesis of BitcoinBitcoin, introduced in 2009 by the mysterious Satoshi Nakamoto, marked the inception of decentralized digital currency. Its limited supply of 21 million coins set the stage for a unique economic model.
Emergence of EthereumEthereum, proposed by Vitalik Buterin in 2013 and launched in 2015, expanded on Bitcoins capabilities. It introduced smart contracts, self-executing contracts with coded terms.
Technology Underlying Ethereum and Bitcoin
Blockchain TechnologyBoth cryptocurrencies rely on blockchain technology, a decentralized ledger ensuring transparency and immutability.
Smart Contracts in EthereumEthereums distinctive feature is the integration of smart contracts, allowing automated and trustless execution of agreements.
Mining ProcessesWhile both use proof-of-work, Ethereum has plans to transition to a proof-of-stake consensus mechanism to address scalability concerns.
Supply Mechanism
Bitcoins Fixed SupplyBitcoins capped supply adds scarcity, often likened to gold, making it a store of value.
Ethereums Evolving SupplyEthereum, with its uncapped supply, aims to balance inflation and network security.
Use Cases and Applications
Bitcoin as Digital GoldBitcoin is often dubbed digital gold due to its store-of-value function, attracting long-term investors.
Ethereums Versatile ApplicationsEthereums blockchain serves as a platform for various applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
Real-World ImplicationsBoth cryptocurrencies impact real-world scenarios, but Ethereums applications extend beyond finance.
Transaction Speed and Scalability
Bitcoins Transaction Speed LimitationsBitcoins transaction speed is relatively slower compared to Ethereum, limiting its use for daily transactions.
Ethereums Scalability SolutionsEthereum addresses scalability challenges through ongoing upgrades, such as Ethereum 2.0.
Decentralization
Comparative Analysis of DecentralizationBitcoin and Ethereum differ in their degrees of decentralization, influencing security and resistance to censorship.
Impact on Security and Censorship ResistanceThe decentralized nature of both networks contributes to their resilience against attacks and censorship.
Development Community
Size and Influence of Bitcoins CommunityBitcoin boasts a robust community, but Ethereums community actively contributes to its continuous development.
Ethereums Vibrant Developer EcosystemEthereums open-source nature attracts developers, fostering innovation and new projects.
Market Performance
Historical Price TrendsBitcoins historical price volatility contrasts with Ethereums more dynamic price movements.
Factors Influencing Price MovementsMarket sentiment, regulatory developments, and technological upgrades influence the price of both cryptocurrencies.
Regulatory Environment
Global Regulatory Stance on BitcoinBitcoins regulatory status varies globally, with some countries embracing it and others imposing restrictions.
Challenges and Opportunities for EthereumEthereum faces challenges and opportunities within the evolving regulatory landscape.
Future Outlook
Potential Developments in BitcoinBitcoins future may involve increased institutional adoption and integration into traditional finance.
Evolution of Ethereums EcosystemEthereums journey includes the transition to Ethereum 2.0, aiming for improved scalability and sustainability.
Risks and Concerns
Security VulnerabilitiesBoth cryptocurrencies face security threats, from 51% attacks to vulnerabilities in smart contracts.
Market Volatility and RisksInvestors must navigate the inherent volatility of cryptocurrency markets and be aware of potential risks.
Accessibility and Adoption
Ease of Access for InvestorsBitcoins simplicity attracts entry-level investors, while Ethereums complexity may appeal to those seeking diverse opportunities.
Mainstream Adoption TrendsBoth cryptocurrencies strive for mainstream adoption, with varied approaches and challenges.
Community Sentiment
Public Perceptions and SentimentsPublic sentiment toward Bitcoin often revolves around its potential as a hedge against inflation, while Ethereum is appreciated for its innovation.
Online Discussions and ForumsForums and social media platforms showcase vibrant discussions and opinions about the two cryptocurrencies.
Conclusion
In conclusion, the comparison between Ethereum and Bitcoin unveils their unique strengths and weaknesses. While Bitcoin remains a stalwart store of value, Ethereums versatility and ongoing development attract a diverse range of applications. As the cryptocurrency landscape evolves, both offer distinct opportunities for investors and enthusiasts alike.
View original post here:
Ethereum vs Bitcoin: Navigating the Cryptocurrency Landscape | by Reynoldsfred | Jan, 2024 - Medium
XRP Price Analysis: Experts Agree Now is the Best Time to Rotate Bitcoin and Ethereum for XRP – Coinpedia Fintech News
XRP, the native coin for the XRPL network that is tapped by Ripple Labs to streamline global remittances and cross-border payments, is fast approaching the apex of the macro triangle consolidation that began after hitting its all-time high (ATH) in 2018.
With an inevitable violent breakout on the horizon, XRP is faced with several headwinds including the legal battle against the United States Securities and Exchange Commission (SEC) and the periodic Ripple sales that weigh heavily on secondary investors.
Since the onset of the SEC vs Ripple lawsuit, XRP price has gradually been decoupling from the rest of the crypto market. Despite the legal clarity handed over by Judge Analisa Torres in July last year, XRP price has trailed both Bitcoin and Ethereum in performance. According to Australia-based crypto enthusiast Bill Morgan, XRP FUDs can be attributed to poor performance instead of the escrow issue and the legal battles.
The Ripple and XRP community is waiting for the April trial when the fate will be determined. However, the US SEC has already lost several legal battles against the crypto industry leading to the approval of 11 spot Bitcoin ETFs. Meanwhile, the US Congress has been accused of playing double standards for not approving clear crypto regulations and still fighting the U.S. SEC Chair for using archaic laws to govern the nascent web3 industry.
Despite the weekly death cross between the 50 and 200 Moving Averages (MA), the XRP price continues to show strength for an imminent bullish breakout. Furthermore, XRP bulls have defended the support level around 54 cents and have respected a rising trend since mid-2022, which is characterized by higher highs and higher lows.
Excerpt from:
Ethereum (ETH) Staking Accounts for 24% of the Total Supply – BeInCrypto
Ethereum (ETH) has reached a significant milestone, with 24% of its total supply now staked. This development reflects a growing tendency among ETH holders to prioritize earning passive income through staking rather than selling their assets for immediate price appreciation.
This shift highlights the holders increasing confidence and commitment to the networks future. Especially, after recent advancements such as the Shapella upgrade.
One of the most anticipated features of the Shapella upgrade was the introduction of withdrawal functionality for staked Ethereum. This change allowed validators and stakers to withdraw their staked ETH along with the accrued rewards.
Before this upgrade, ETH staked on the Ethereum 2.0 Beacon Chain was locked without a mechanism for withdrawal. This is even after the transition to Proof-of-Stake in the Merge upgrade.
CryptoQuant CEO Ki Young Ju recently commented on this feature, which has added liquidity and flexibility for holders in the staking process.
I expected significant unstaking activities after the Shapella upgrade, but the staking rate is still increasing, Ju said.
Despite the new functionality allowing stakers to withdraw their tokens, Ethereums staking market cap has soared to $72.75 billion. More than 28.8 million ETH tokens are currently staked, representing 24% of the total supply. The network also boasts a robust base of 898,110 active validators.
These figures demonstrate the widespread adoption and trust in Ethereums Proof-of-Stake mechanism.
Read more:Staking Crypto: How to Stake Coins and Grow Your Income
Data from The TIE reveals that despite this substantial activity, Ethereum has managed to maintain a negative inflation rate of 0.03%, coupled with a rewarding rate of 4.23%. This unique combination of a deflationary trend and attractive staking rewards sets Ethereum apart in the cryptocurrency market.
Moreover, there is a significant disparity between the realized price for staked ETH at $2,014 and its current market price, hovering around $2,519. This difference translates to a substantial 25% profit for stakeholders, underscoring the profitability of staking ETH. Such a profit margin reflects a bullish sentiment among Ethereum investors.
Read more:10 Best Crypto Staking Platforms You Can Trust (2024 Edition)
This trend of holding and staking ETH, as opposed to trading it on exchanges, indicates a strong confidence in the long-term value of Ethereum. Investors seem to be favoring the potential for sustained returns through staking, a strategy that aligns with the growing stability and maturity of the ecosystem.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
Visit link:
Ethereum (ETH) Staking Accounts for 24% of the Total Supply - BeInCrypto
How To Make Money With Cryptocurrency: Lessons From Ethereum, Scorpion Casino And SUI – NewsBTC
Ethereum, Scorpion Casino and SUI have taught crypto investors a lot over the last year. So what are the lessons learned?
Everyone wants to make money and everyone wants to make a lot of it. Cryptocurrency has emerged as an option to reap significant rewards, as well as an opportunity to take part in a different type of financial world. One of the most commonly Googled phrases is How to Make Money With Crypto. So we compiled a few of the most important lessons learnt on how to do this safely and effectively. Lets get started.
Ethereums success in the cryptocurrency market teaches the importance of investing in platforms with multifaceted uses beyond just currency. Its combination of digital currency, smart contracts, and decentralized applications (dApps) creates a dynamic ecosystem that drives demand and increases its value. Investors in Ethereum benefit not only from its rising value but also from the ecosystems growth.
Furthermore, Ethereums shift to a proof-of-stake model introduces opportunities for earning passive income through staking. This highlights that cryptocurrencies with innovative technologies and multiple applications can offer varied and potentially more stable investment opportunities.
$SCORP Presale In Its Final Stage!
Scorpion Casinos Presale has illustrated a key lesson in cryptocurrency investment: the value of innovation and tangible rewards. Unique to their presale model is a system that allows investors to earn and withdraw rewards even before the official launch, a feature not commonly seen in other presales. Typically, investors must wait until after a launch date to realize any returns.
This pioneering approach by Scorpion Casino not only enhances the appeal of their offering but also demonstrates a commitment to providing immediate, tangible benefits to early investors. This strategy showcases how integrating innovative reward systems in a presale phase can attract investors looking for immediate returns, setting a new standard in the crypto presale market.
SUI hit its highest value at $1.83 on May 3, 2023, and is now stabilizing around a value of $1.24. However, its initial value was much lower and was available at $0.1. SUIs rise in the cryptocurrency market teaches a vital lesson about the significance of timing.
Investors who adeptly timed their involvement with SUI capitalized on its potential, underlining how crucial it is to understand market trends in the fast-evolving crypto world. SUIs story emphasizes that in cryptocurrency, making well-timed decisions is key to maximizing returns.
Ethereum demonstrates the value of a diverse platform, blending currency, contracts, and applications to drive growth. Its shift to proof-of-stake suggests lucrative, stable opportunities through innovative tech.
Scorpion Casinos presale model, offering early withdrawal rewards, underscores the effectiveness of innovation in attracting investors. SUIs rise highlights the critical role of timing in crypto investment, where understanding market trends is key to maximizing returns.
These cases collectively teach that success in crypto investing relies on leveraging unique platform features, whether through technology, timing, or novel models.
For more information, check out the links below.
Presale: https://presale.scorpion.casino/
Twitter: https://twitter.com/ScorpionCasino
Telegram: https://t.me/scorpioncasino_official
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Read the original post:
How To Make Money With Cryptocurrency: Lessons From Ethereum, Scorpion Casino And SUI - NewsBTC
Why the SEC Delayed the Approval of Fidelity Spot Ethereum ETF – BeInCrypto
The Securities and Exchange Commission (SEC) has extended the review period for the Fidelity spot Ethereum ETF. Initially set for a decision by January 20, 2024, the SEC has pushed the deadline to March 5, 2024.
This delay affects the proposal by Cboe BZX Exchange to list and trade shares of the Fidelity spot Ethereum ETF under BZX Rule 14.11(e)(4), which relates to Commodity-Based Trust Shares.
If approved, the Fidelity spot Ethereum ETF would mark a noteworthy step in integrating Ethereum-based investments into mainstream financial markets. Ethereum, known for its versatile blockchain technology, has garnered significant attention from investors and tech enthusiasts.
This proposed fund aims to offer a regulated investment vehicle for Ethereum, diversifying investment options in the cryptocurrency space. Still, Raoul Pal, CEO of Real Vision, believes spot Ethereum ETFs will not gain institutional demand.
A lot of the institutions would prefer to own ETH itself because then they can stake it and get yield. If you dont give them yield, some asset manager who launches the ETF is going to get rich. [For example,] BlackRock will make all the money because theyll get the ETH staking yield and they dont give it to the to the ETF holders, Pal said.
The SECs decision to extend the review period underscores the regulatory bodys cautious approach toward digital assets. The Commission aims to thoroughly evaluate the implications of introducing such a fund into the market. Therefore, it will consider aspects like investor protection and market integrity.
This delay provides the SEC with additional time to assess the proposed rule change and address any issues that may arise.
Disclaimer
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. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
Here is the original post:
Why the SEC Delayed the Approval of Fidelity Spot Ethereum ETF - BeInCrypto
Heres Why Ethereum Price May Outperform Bitcoin Recovery in Near-Term – CoinGape
A failed attempt to breach $2.9 resistance despite massive pump in volume activity indicated the KAVA price respect an inverted wedge pattern
Published June 1, 2022Updated June 2, 2022
On May 13th, the KAVA price bounced back from the $1.6 mark. The resulting recovery gained 82% after hitting the overhead resistance of $2.9. However, this recovery rally resonates with a rising wedge channel of the inverted flag pattern, suggesting the coin price may eventually drop back to the $1.6 mark.
Source- Tradingview
From Mid-November 2021 to early May 2022, the KAVA price bounded within a consolidating range, stretching from $5.6 to $2.93. However, the last reversal from range resistance of $5.6 aligned with the May month bloodbath accelerated the growing selling pressure.
As a result, the KAVA price breached the bottom support of $2.93 on May 9th, extending the ongoing correction phase. Thus, the post-retest fall halved the altcoin price and dumped it to a low of $1.41.
Furthermore, unlike some major cryptocurrencies, the KAVA price has sharply recovered and gained 112% within three weeks. However, on May 31st, the altcoin retest to the overhead resistance, and a long wick attached to it indicates significant supply pressure.
Moreover, the relief rally projects the formation of an inverted flag pattern which should encourage the continuation of the prevailing downtrend.
Thus, the expected downfall should reach its first target at $1.41, followed by $1.2.
A lateral walk among the trend-defining DMAs(100 and 200) accentuates a range-bound rally in KAVA. Moreover, a recent bearish crossover between the 50 and 100 supports the flag pattern fallout.
However, the steady rise of MACD and signal slope bolsters the ongoing relief rally. A potential bearish crossover between these slopes would encourage more selling in the market.
From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
See the original post here:
Heres Why Ethereum Price May Outperform Bitcoin Recovery in Near-Term - CoinGape