Category Archives: Ethereum
Ether Locked for Staking Reaches All-Time High – Bitfinex blog – Bitfinex
12 May Ether Locked for Staking Reaches All-Time HighPosted at 18:29hin Educationbyadmin
Despite fears that Ethereums Shapella upgrade would cause a massive sell-off as staked coins became accessible for the first time since prior to the Merge, staked ETH has reached a new All-Time High. It seems the ability to withdraw has reassured investors who sat on the sidelines during the initial staking rush, and they are now comfortable staking their Ether.
Last month in April, Ethereum implemented its Shapella upgrade, which added several improvements to the protocol. Shapella is an amalgamation of the names of the Shanghai and Capella upgrades, which were enacted at the same time. Shanghai was a set of improvements to Ethereums execution layer, while Capella added fixes to Ethereums consensus layer.
Among the improvements was the ability to unstake and withdrawal previously staked Ether, which had been locked and inaccessible to Ethereum stakers, for months in the prior run up to the Merge, when Ethereum switch from a Proof of Work (PoW) consensus to Proof of Stake (PoS).
Check out our article about the Shapella upgrade to learn more.
In anticipation of the consensus switch, many exchanges and staking pools allowed Ether holders to stake their tokens, before the Merge took place. Staking officially went live on December 1st 2020, and some users have patiently waited years until Shapella was activated on the Ethereum mainnet, to access staked ETH and the corresponding earned rewards.
Users were able to stake and earn staking rewards ahead of the Merge, although the caveat was that both the original staked Ether, as well as the earned staking rewards, would be caught in limbo at least until the Shanghai upgrade, which was still quite a ways off, at the time the Ether was staked.
This meant that last months Shapella upgrade would give everyone access to their staked ETH at once, causing fears of a massive ETH selloff that could have potentially crashed the Ethereum market. Before the Shapella upgrade, Ethereum users had staked about 14 percent of Ethereums total supply of ETH, or around 16 million coins, with some estimates as high as 18 million Ether.
Immediately after Shapella, all staking rewards accrued for the last two years were immediately available to ETH stakers. This amounted to roughly around one percent of the total supply of Ether, or an estimated one million ETH.
Along with those coins, users had the option to withdraw their 32 originally staked Ethereum, but there was a bottleneck in the networks ability to process withdrawal requests, so it was predicted to possibly take weeks or even months, hopefully limiting the impact on downward price pressure, to an extent.
In the days around Shapella and immediately after, Ethers price continued to rise, hitting a high of $2,120 four days after, on April 16th. Despite the excitement and the initial pump, there was a considerable backlog for withdrawals with a two week wait for both full and partial withdrawals.
Coindesk reported that around a 1000 validators immediately exited and processed full withdrawals within 24 hours of Shapella, with another 17,000 validators waiting on requests to be processed. Validators processing full withdrawals and exiting the beacon chain made up only around four percent of the 567,000 validators at the time. The impact to on-chain security was minimal.
While ETH prices have been on the decline since the April 16th high of $2,120, it has not been the massive selloff predicted in the days before the ability to unstake and withdraw Ether went into play with the upgrade. ETH currently sits at $1,771, it certainly hasnt been the crash many feared.
An interesting thing to note, it seems that after withdrawing, some node operators began restaking just days after. Its not clear how many of the original nodes which left the network after Shapella have restaked, but there has been a marked increase in staking.
The total impact of Shapellas unlocking of staked ETH has been minimal on ETH prices. Ethereum users appear to have taken some profits and enjoyed some of their rewards, but staking has also seen a large wave of growth as the amount of Ether locked has reached record levels.
The amount of Ethereum locked has reached 19,321,757 ETH. This sum includes ETH considered out of circulation, a label referring to ETH staked on the Beacon chain, ETH thats been deposited to the Beacon contract which is not yet validating, and Ether which has been rewarded on the Beacon chain.
The amount of locked Ether is a metric which is somewhat analogous to the hash rate in a PoW blockchain. Its incredibly bullish to see this metric increasing as it means that the Ethereum blockchain becomes more secure and shows that Ethereum holders are confident in their ability to park value in staking and passively accrue rewards, regardless of withdrawals being live, or of Ether price.
With Shapella smoothly enabled, Ethereum developers have not slowed their pace in planning the next upgrade. Currently known by the clunky name Dencun, which like Shapella, combines the names of two upgrades, Deneb and Cancun.
This new Ethereum upgrade will enable Proto Dank Sharding an improvement for scaling Ethereum and which could lower fees on layer two Zk Rollups. Dencub would add the improvements set forth in Ethereum Improvement Proposals (EIPs) 4844, 6780, 6475 and 1153.
See the article here:
Ether Locked for Staking Reaches All-Time High - Bitfinex blog - Bitfinex
Binance Launches Bitcoin, Ethereum Daily Options To Increase Liquidity – CoinGape
Crypto exchange Binance making several efforts to increase liquidity in the crypto market. Low liquidity appears to be having a negative impact on Bitcoin and Ethereum prices, with BTC price briefly falling to the key 200-WMA.
Binance on Friday announces that it will launch additional BTCUSDT and ETHUSDT daily options from May 15. It will help bring some liquidity by increasing Bitcoin and Ethereum trading, especially against USDT pairs.
According to an official announcement on May 12, Binance revealed that it plans to launch additional BTCUSDT and ETHUSDT daily options in the Binance Option product. Users will be able to trade options daily on the exchange from May 15 08:00 UTC onwards.
These daily options will be European-style options contracts. It will be T+3 BTCUSDT and ETHUSDT daily options, which will be listed every day. However, Binance will not list T+3 BTCUSDT and ETHUSDT daily options if it coincides with BTCUSDT and ETHUSDT weekly, monthly, or quarterly options contract expiry day.
BTCUSDT and ETHUSDT daily options will have a trading duration of three days and expire at 08:00 UTC. This effort will increase liquidity in the market due to a rise in trading.
On Thursday, Binance announced two other efforts to increase liquidity. Users who add liquidity to the WBTC/BTC and WBTC/ETH liquidity pools will receive WBTC Combo Rewards in addition to BNB Rewards and Pool Rewards. The activity is only available from May 11 to June 10.
Moreover, Binance will update the tick size (the minimum change in the unit price) for some spot trading pairs from May 18. This will further increase market liquidity and improve the trading experience.
Also Read: South Korea Prepares for Terra Co-Founder Trial, Do Kwon Extradition
Leading market makers including Jump Crypto and Jane Street exiting the U.S. and regulatory crackdown in the US has caused liquidity issues for exchanges such as Binance and Coinbase.
In fact, Bloomberg reported that Binances spot-trading volumes share fell to 51% in May from 73% in March. While the market shares of Huobi, OKX, and South Korean exchanges have increased. US regulatory crackdown led to users worrying about the safety of their funds, causing them to diversify into other centralized exchanges.
In fact, Coinbase and Binance are witnessing less liquidity as compared to earlier quarters.
Also Read: Who Will Be Twitters New CEO? Here Are Most Potential Candidates
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
Read more here:
Binance Launches Bitcoin, Ethereum Daily Options To Increase Liquidity - CoinGape
Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April – Decrypt
Cryptocurrency prices rose on Wednesday after a widely-watched inflation gauge in the U.S. suggested the Federal Reserves fight against soaring prices is making progress.
The Consumer Price Index rose 4.9% in the 12 months through April, the Bureau of Labor Statistics (BLS) said Wednesday, coming in slightly below economists' estimates of 5%.
On a month-to-month basis, the index, which tracks price movements across a broad range of goods and services, rose 0.4% in April compared to a 0.1% bump in March and a 0.4% increase in February.
Bitcoin was up 1.4% over the past day, chipping away at weekly losses of 1.8% at around $27,900, according to CoinGecko. Ethereum was also in the green, notching a 1.6% daily increase and reversing a weekly downtrend at $1,870. Meanwhile, the global crypto market capitalization was sitting at $1.2 trillionup 0.8% from the previous day.
In terms of the impact that Wednesdays CPI print had on crypto markets, Managing Director at Wave Digital Assets Nauman Sheikh toldDecrypta lack of liquidity is likely at play, pointing to market makers like Jane Street and Jump who havescaled back.
Liquidity just fell off a cliff, so any market impact on the way up on the way down will be a little bit more exaggerated, he said. There's no depth to the market, which means any slight pressure on either side is just going to be exasperated.
The indexs increase in April was largely fueled by a jump in housing prices, which grew 0.4% month-to-month, the BLS said. But the measure represented a notable decline compared to a monthly increase of 0.6% in March and 0.8% in February.
The report indicated that core inflation, which strips out volatile food and energy costs, rose 5.5% in the 12 months through April, edging down from 5.6% in March.
For the most part, inflation has steadily cooled over the past several months, down significantly from a sweltering 9.1% clip last June. Still, the latest report showed annual inflation remains far above the Feds target of 2%. And the U.S. central bank has jacked interest rates aggressively in response to rising prices. Its lifted interest rates to their highest levels since 2007, delivering its 10th consecutive rate hike last week.
Higher interest rates cool down the economy because of their ripple effect, impacting costs associated with credit cards and mortgages. They also weigh on stocks and other risk assets, such as crypto, making yields on cash reserves and U.S. Treasury Bills comparatively more attractive.
The Fed risks tipping the U.S. economy into a recession if it raises rates too quickly. And signs of stress emerged in the financial system when several banks collapsed in March. The tumult continued when First Republic Bank failed last week. Now a potential debt ceiling crisis looms.
When the Fed decided to raise interest rates last week, Chair Jerome Powell indicated there could be a potential pause. But he said the central bank would wait and see how the economy performed before making a decision at the Feds next meeting in June.
The fact that [inflation] is within expectations, a bit better for the annual rate, it means the Fed will likely pause, Kaiko analyst Dessislava Aubert toldDecrypt, Because the current banking turmoil in the U.S. is basically making traditional tightening less necessarybanks are already tightening lending standards.
More:
Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April - Decrypt
Chiliz (CHZ)-Ethereum Bridge Officially Goes Live, Here’s What to Know – U.Today
Tomiwabold Olajide
Chiliz Chain mainnet, first-of-its-kind blockchain infrastructure for sports, now live
Read U.TODAY on
Google News
In recent hours, Chiliz, a blockchain provider for the sports industry, has made two significant announcements.
First, the Chiliz Ethereum Bridge, which would enable users to transfer their CHZ tokens from the Ethereum mainnet (ERC-20) to the Chiliz Chain (CAP-20), is now live.
To use the Chiliz Ethereum bridge, users would need to have CHZ tokens on at least either of the networks, enough ETH to cover the gas fee if bridging from Ethereum, or enough CHZ to cover the gas fee if bridging from the Chiliz Chain.
In a major announcement, the Chiliz Chain mainnet, the first-of-its-kind blockchain infrastructure for sports and entertainment, is now live, marking a significant milestone for the world of blockchain and sports.
The public mainnet of Chiliz Chain has officially launched, ushering in the next stage of Chiliz's mission to improve relationships between fans, communities and their favorite sports teams and companies through blockchain technology.
Chiliz Chain is a Layer 1, EVM-compatible, proof-of-stake authority (PoSA) blockchain, marking the next phase in the Chiliz project. It is expected to deliver infrastructure for sports teams and brands to build Web3 products that encourage more direct engagement with their communities.
The EVM-compatible interoperable ecosystem will introduce a system of 11 active proof-of-stake authority (PoSA) node validators, which will include some of the most respected names in blockchain and eventually leading sports properties.
All fees on the Chiliz Chain will be paid using the Chiliz native token (CHZ), which acts as the network enabler of the new ecosystem. The new blockchain (2.0) will be known as the Chiliz Chain, whereas the old blockchain (1.0) will now be referred to as the Chiliz Legacy Chain.
The Chiliz team highlights that MetaMask is the only self-custody wallet currently available on the Chiliz Chain. The company also says that it will routinely launch new validators, products and services that will join the ecosystem and that it has more interesting upgrades planned for the coming weeks.
Read more here:
Chiliz (CHZ)-Ethereum Bridge Officially Goes Live, Here's What to Know - U.Today
Ethereum L2 Arbitrum (ARB) Records Sudden Price Uptick, Here’s Possible Reason – U.Today
Godfrey Benjamin
Arbitrum DAO is on track to reward its members with ETH rewards, positive push for ARB
Read U.TODAY on
Google News
Arbitrum (ARB), one of the most functional Ethereum-based Layer 2 scaling solutions, has shared an insight into its adopted mechanism for managing the fees generated on its platform. Taking to its official Twitter handle, Arbitrum said it is the "only rollup that sends all surplus revenue generated by transaction fees to their respective DAO."
According to the insights shared by the protocol, all users on Arbitrum One pay a fee when transacting on the network. This fee is split into two components, including L1 fees for covering transactions on Ethereum and L2 fees for Arbitrum fees. Of these generated fees, it said surplus tokens are accumulated before it is sent to the DAO.
While L1 fees are not expended immediately as the Sequencer covers the cost upfront before it is recovered later, a large portion of the L1 fee is reserved for the Sequencer.
At present, Arbitrum revealed that the total funds billed for the Sequencer are pegged at 5,954 ETH worth approximately $10.9 million. The surplus on this comes in at 582 ETH, which can be sent to the DAO.
Arbitrum also revealed that the L2 fees accumulated thus far come in at a total of 2770 ETH. As revealed, a total of 3,352 ETH is billed to be sent to the DAO as a reward after the Sequencer is refunded 5,954 ETH.
With the Arbitrum protocol promising to trigger a call that will push for the collection of the accumulated Ether tokens by the DAO, the price of ARB recorded a bullish uptick with more than 3% growth to $1.1229 at the time of writing.
Members of the Arbitrum community DAO will be the beneficiaries of this reward distribution when it is finally made. This can notably trigger an intense buy-up of ARB to open access for users to gain good rewards. This event has further extended the positive outlook of Arbitrum as a viable scaling tool on Ethereum.
See the rest here:
Ethereum L2 Arbitrum (ARB) Records Sudden Price Uptick, Here's Possible Reason - U.Today
Ethereum [ETH]: Assessing the withdrawal patterns on centralized exchanges since Shapella – AMBCrypto News
Almost a month has passed since the much-awaited launch of the Shapella Upgrade, a significant milestone which allowed stakers to withdraw their locked Ethereum [ETH]. Blockchain analytics firm Nansen published a report on 9 May which provides an overview of the network post-Shapella.
ReadEthereums [ETH] Price Prediction2023-24
As per the analysis, the amount of ETH staked on the Beacon chain increased from what it was during the time of the Shapella update on 12 April, demonstrating that deposits on the proof-of-stake (PoS) chain have only grown.
As per the Nansen dashboard, Ethereums smart contracts held 19.4 million ETH at the time of writing.
Nansens report also shared some interesting observations on the withdrawal patterns. Centralized crypto exchanges (CEXs) took the lead in withdrawals, accounting for nearly 73% of the withdrawals as of 8 May.
However, contrary to fears of a mass sell-off, most of the ETH getting unstaked was for the exchanges internal operations.
For instance, Kraken, which accounted for nearly 25% of all principal ETH withdrawals since the upgrade, was doing so because of the regulatory action by the U.S. Securities and Exchange Commission (SEC) which resulted in Kraken ending its crypto staking services in the U.S.
Similarly, Coinbase, which received a Wells Notice from SEC over its staking offerings, was the second-largest entity in terms of withdrawal volume, capturing a 14% share.
Moreover, the idea that the majority of the withdrawn ETH was not intended for sale was strengthened by the fact that 89% of all transfers classified as CEX were CEXs redistributing among their wallets.
ETH jumped 13% in the first week after the upgrade, breaking past the $2000 level. However, broader market conditions cut the rally short and dragged it to $1841.82 at the time of writing, data from CoinMarketCap revealed.
Is your portfolio green? Check out theEthereum Profit Calculator
Nevertheless, the sentiment for ETH still looked bullish. The supply outside of exchanges continued to grow in the month of May, in contrast to the depleting supply on exchanges. This implied that ETHs long-term bulls were optimistic on the second-largest crypto by market cap.
To the contrary, the number of long positions taken for ETH in the futures market decreased when compared to the bearish short-term positions. This was demonstrated by the Longs/Shorts Ratio from Coinglass.
More here:
RenQ Finance: Better Option than ETH – The Cryptonomist
SPONSORED POST*
The year 2023 is shaping up to be an exciting one for the cryptocurrency market, with Ethereum (ETH) predicted to experience a significant price surge. However, some experts believe that there is a better option in the form of RenQ Finance, a rising star in the DeFi space. Lets take a closer look at why this project is being touted as a potential Ethereum rival in 2023.
RenQ Finance is a decentralized DeFi platform that offers a unified platform to the decentralized world. It was created to provide a fun and lighthearted approach to the world of cryptocurrency, while also addressing some of the major challenges faced by traditional finance systems.
One of the main features of RenQ Finance is its ability to solve the liquidity problem in decentralized markets. The platform weaves together several different decentralized markets and instruments to create a comprehensive solution that is accessible to all types of traders, from novices to seasoned professionals.
RenQ Finance is a community-driven organization that seeks to provide a wide variety of network effects to address the liquidity problem, unlike other solutions that provide incremental progress. The platform does not restrict itself to a single solution, which makes it more flexible and adaptable to market changes.
The RenQ Wallet is the gateway to the platform, and it allows users to store, manage, and exchange cryptocurrencies securely. The wallet provides full custody of the users assets, which means that users have full control and ownership of their digital assets.
RenQ Finance also offers a no-tax policy, which means that there are no fees for using the platform. Instead, the platform utilizes a redistributive system that rewards long-term stakers and a burning mechanism that maintains the scarcity of the RENQ token.
One of the most attractive features of this project is its strong community support. The platform has more than 25,000 holders, and this number continues to grow. The community is active in promoting the platform and providing support to new users.
While Ethereum is the current leader in the DeFi space, RenQ Finance is quickly gaining momentum and could potentially overtake Ethereum in the coming years. Here are some reasons why RenQ Finance is being touted as a potential Ethereum rival in 2023:
While Ethereum is still the leader in the DeFi space, RenQ Finance is quickly gaining ground and could potentially overtake Ethereum in the coming years. With its innovative features, strong community support, and growth potential, RenQ Finance is an attractive option for investors looking to get involved in the DeFi space.As the cryptocurrency market continues to evolve, it will be interesting to see how RenQ Finance performs and whether it can live up to its potential as a potential Ethereum rival in 2023.
Click Here to Buy RenQ Finance Tokens.
Visit the links below for more information about RenQ Finance:
Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf
*This article was paid for Cryptonomist did not write the article or test the platform.
Related postsMore from author
View original post here:
2024 U.S. Presidential Elections Will Have an Effect on Crypto … – Crypto News Flash
As the 2024 U.S. presidential elections loom, the cryptocurrency industry finds itself on the precipice of potential transformation. With the advent of blockchain technology, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have emerged as global financial disruptors. However, the outcome of the upcoming elections could significantly impact the trajectory of this thriving sector and affect new cryptos like PAT WARS (PAWS). In this article, we explore the potential ramifications of the 2024 U.S. presidential elections on the cryptocurrency industry.
Since taking office in 2021, President Joe Biden has expressed interest in regulating the cryptocurrency market to protect consumers and maintain financial stability. Although Bidens administration has yet to announce specific policies targeting the industry, it is anticipated that increased regulatory scrutiny will be a focal point. This regulatory environment could bring both challenges and opportunities for the crypto industry.
One potential challenge that Bitcoin and Ethereum could face is the introduction of stricter regulations aimed at combating money laundering and illicit activities. While these regulations are necessary for consumer protection, they could impose burdensome compliance requirements on crypto businesses, exchanges, and users. Additionally, heightened scrutiny may lead to increased volatility in the market, as regulatory announcements often have a profound impact on cryptocurrency prices.
Furthermore, if the Biden administration pursues a more centralized approach to digital currencies, it may inadvertently undermine the decentralization and transparency that cryptocurrencies have sought to achieve. Such a move could create uncertainty and cause investors to question the long-term viability of Bitcoin and Ethereum.
The political uncertainty could affect new cryptocurrencies like PAT WARS too. A new coin playfully drawing from Star Wars, it could find its reach in the U.S. stunted by a new federal insistence on pursuing a more centralized approach with cryptocurrencies.
Why would this affect something like PAT WARS? It espouses a belief in a decentralized and inclusive financial future driven by a sense of community. The new project is owned by its users, who participate in its decision-making process. This bears hallmarks to meme coins that preceded it.
Its ecosystem comprises two significant components: NFTs and PATWARS DAO, the latter being the function that enables users to have a key contribution to the decision-making process of the new crypto project.
What this shows is that being decentralized is the underpinning hallmark of cryptocurrency, especially community-owned crypto projects like PAT WARS. A new federal framework of regulations around cryptocurrency has to explore ways in which this is not curtailed.
Follow us for the latest crypto news!
On the other hand, the 2024 U.S. presidential elections could also bring opportunities for the cryptocurrency industry. Bidens administration has shown interest in supporting emerging technologies, such as blockchain, to drive innovation and economic growth. This sentiment opens the door for collaborations between the government and crypto companies to explore practical use cases and promote wider adoption.
Moreover, Bidens administration may take steps to provide clarity on the regulatory landscape for cryptocurrencies. Clear guidelines and frameworks could attract institutional investors and traditional financial institutions, thus boosting confidence in the market. Increased institutional adoption would likely lead to greater liquidity and stability, further solidifying PAT WARS, Bitcoin, and Ethereum as legitimate investment options.
For more information on PAT WARS please see below:
PatWars:
Website: https://www.patwars.com
No spam, no lies, only insights. You can unsubscribe at any time.
Twitter: https://twitter.com/PATWARSOfficial
Telegram: https://t.me/PATWARSOfficial
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Go here to see the original:
2024 U.S. Presidential Elections Will Have an Effect on Crypto ... - Crypto News Flash
TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro – Ethereum World News
Summary:
TerraUSD creator Do Kwon will be released in Montenegro after a court in the countrys capital granted his bail request.
Kwons lawyers proposed a bail of $437,000 or the equivalent of 400,000 during a court hearing on Thursday. The charges claim that Do Kwon traveled with forged documents after his arrest in March.
Local prosecutors argued that the two suspects have the financial means to escape Montenegro and have zero interest in staying in the country, an argument seemingly insufficient for the court.
A Basic Court in Podgorica will allow Kwon to stay at his apartment after he pays the bail. Han, a Terra executive detained alongside Kwon, will pay the same amount. Both defendants cannot leave their apartment or Montenegro and must answer all court summons per the terms of Fridays bail ruling.
Do Kwon who was about to board a private jet bound for Dubai before his arrest could spend years in a Montenegrin prison cell if convicted. Another court hearing is scheduled for June 16 as authorities prepare to prosecute the Terraform Labs founder for forging travel papers.
Even if Kwon is cleared in a Montenegro court, possible extradition awaits for the crypto entrepreneur whose company obliterated $40 billion from the market last May.
Its unclear how prosecution in Montenegro will affect extradition requests from South Korea and the U.S. Both jurisdictions hope to arraign Do Kwon, although investigators in South Korea argue that trying him in his home country is the best option.
The U.S. Securities and Exchange Commission (SEC) already filed civil fraud charges against the Terraform Labs founder.
Read the original:
TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro - Ethereum World News
Ethereum And Monero Look Strong While Big Eyes Coin’s End Of … – Analytics Insight
One of the biggest presales over the last year is finally coming to an end. Big Eyes Coin a popular meme coin that is known for its iconic cat designs will end its presale on the 3rd of June this year, marking a milestone for the meme coin.
Meme coins have always been an important part of the crypto industry. Known for their mascots and extensive communities, meme coins are usually swayed by the endorsements of celebrities. One instance of this is DogeCoins price being swayed by Elon Musks comments on Twitter.
Now you can find multiple meme coins in the market, each one embedded with a unique set of features.
This meme coin has raised $34 million to date and is still available for investment from those who want to join the revolution. Big Eyes Coins token comes with a Defi ecosystem with NFTs, Lootboxes, and a constantly developing environment for crypto enthusiasts.
If you have bought Big Eyes Coin, you will also be able to take part in regular charity initiatives since the team behind the meme coin regularly makes donations to organizations such as Orca Network, Fruit Tree Planting Organization, and AHBAP charity.
The coin is currently in its 13th stage of funding, giving investors a very short window before the presale is over. After the presale concludes, Big Eyes Coin will be listed on Uniswap for public trading.
Ethereum has held on to the position of being the second-largest cryptocurrency in terms of market capitalization despite the highs and lows of the crypto market.
Created by Vitalki Buterin in 2015, Ethereum started out strong by offering a virtual environment for development to anyone who wishes to build decentralized applications on the network.
Today, Ethereum is only behind Bitcoin in terms of popularity and has some of the worlds most widely used cryptocurrencies and their applications running on its blockchain.
Its trademark ERC-720 token is responsible for most of the NFTs you see today. Likewise, the ERC-20 token was used to create some of the most technically sound cryptocurrencies being traded in the market right now.
Created in 2014, Monero is an open-sourced cryptocurrency that is known for its enhanced blockchain privacy. Its blockchain makes transaction details, the identity of senders, and the transaction amount by disguising the addresses.
Monero operates differently from Bitcoin when it comes to transaction history. Bitcoins transactions are publicly stored on the blockchain, allowing people to trace and verify payments if they want to.
Monero has a non-traceable transaction history, giving participants a much safer network to make their payments on.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Opensea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
See the original post here:
Ethereum And Monero Look Strong While Big Eyes Coin's End Of ... - Analytics Insight