Category Archives: Ethereum
Bitcoin and Ethereum: Apple and Coinbase help crypto higher – Proactive Investors UK
Bitcoin (BTC) added 2.5% on Friday morning to bring the worlds largest cryptocurrency close to the US$29,100 mark against the greenback.
Bitcoins strong performance in the Asia trading hours was helped in part by Apple Inc's (NASDAQ:AAPL)better-than-expected earnings result, with revenues coming in at around US$95bn for the iPhone maker.
Apple shares have surged 2.5% in pre-market trades on Nasdaq.
Nasdaq-listed cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) also posted decent results, managing to limit losses in the first quarter through cost-cutting measures and diversified revenue lines, sending shares over 9% higher in post-bell trades.
Apple and Coinbases solid market performance has likely stirred interest in other tech-adjacent equities and asset classes including bitcoin.
At a more macro level, analysts are noting concerns about trading volumes, with Edward Moya, senior market analyst at OANDA stating that bitcoin isnt seeing the same amount of flows as it did early during all the banking drama with Silicon Valley Bank.
Lower volumes may be contributing to bitcoins inability to break above 30k again, barring a brief stint in April.
Instead, the BTC/USDT pair appear anchored to the 28k to 29k range, and could remain that way barring a strong catalysing event.
Bitcoin (BTC) appears anchored below 30k for the time being Source: currency.com
Binances order book shows strong selling pressure at 30k, while open interest on the futures market shows a dead-even split between buy- and sell-side orders
Ethereum was0.9% higher this morning, just failing to break above US$1,900, which has been acting as the bears defensive positive position for the past two weeks.
Ethereums open interest is also evenly split between buyers and sellers.
Bitcoin and ether are both down around 1.5% over the past seven days.
One thing for certain is that interest in the cryptocurrency markets is heavily skewed toward bitcoin, ether and a handful of others.
Of the top 50 performing cryptocurrencies over the past 90 days, 40 have given investors negative returns.
Only bitcoin, ether, Ripple (XRP), Tron (TRX), and a handful of small-cap outliers remain in the green, with bitcoin adding 22% and ether adding 10%.
Ripple (XRP) was boosted by promising news emerging from its SEC ligitation Source: blockchaincenter.net
Cryptocurrency investors are likely engaging in a flight to quality while avoiding unstable and volatile altcoins without a proven track record of returns.
However, an easing of monetary policy from the major central banks could see an increasing appetite for riskier assets in the near to mid-term.
For the time being, global cryptocurrency market capitalisation currently stands at US$1.19tn after dipping 0.15% overnight, while total value locked in the decentralised finance (DeFi) space added 0.12% to edge above US$49bn overnight.
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Bitcoin and Ethereum: Apple and Coinbase help crypto higher - Proactive Investors UK
Theyre Printing TrillionsCrypto Now Braced For A $20 Trillion Black Swan After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana…
05/1 update below. This post was originally published on April 29
BitcoinBTC, ethereum and other major cryptocurrencies have rocketed higher so far this year (despite a stark warning that China, Joe Biden and the Federal Reserve could "destroy all value of bitcoin").
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The bitcoin price has doubled from its late 2022 lows to around $30,000 per bitcoin while ethereum and other top ten cryptocurrencies BNBBNB, XRPXRP, cardano, dogecoin, polygon and solana have added a combined $200 billion to the crypto marketfueling hopes "crypto winter" could finally be over.
Now, technology investor Balaji Srinivasan has explained the rationale behind his $1 million bitcoin price bet, telling a bitcoin and crypto conference that he's "burning a million to tell you they're printing trillions."
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Srinivasan, an early bitcoin investor and former chief technology officer at crypto exchange Coinbase, made headlines in March when he predicted the U.S. dollar would enter a hyperinflationary death spiral and the bitcoin price would climb to $1 million by June 16an increase of over 3,000% from its current level that would give bitcoin a market capitalization of around $20 trillion.
However, he's now dialed that back but remains highly skeptical of the U.S. financial system due to the proliferation of money printing by the government to prop up fragile banks, calling his bet a "directional signal" to "raise awareness of the fiat crisis."
05/1 update: Srinivasan has denied he's "backtracking" on this bitcoin bet, posting to Twitter: "I said 10% chance fiat crisis happens in months, 70% chance in years, 19% chance in decades, 1% in centuries. But 10% is very high, and worth drawing attention to. Others also believe the probability of sovereign default is at all time highs."
The U.S. government is currently approaching a debt ceiling, with the deadline to raise the $31.4 trillion limit fast approaching and causing concern for investors.
Srinivasan also said he'd give an update to his bet "soon," adding: "Markets also put the probability of U.S. sovereign default at all time highs. And that's just debt-ceiling-driven explicit default. Doesn't include all the routes to monetizing debt."
"I dont know how many monthsyearswe have," Balaji said during Coindesk's Consensus conference this week. "If you think like a trader, you think that too early is the same as being wrong. If you think like a prepper, hell is truth seen too late."
Just to quantify it, I think we have a 10% chance of a very serious issue in months, 70% in years, 19% in decades, and 1% it takes a century or so on," Balaji said, referring to a so-called "black swan"-style event. "Could it be that it takes 900 days or even 90 months? It's possible, I don't have a 100% probability on it. I may be wrong, but I'm burning a million to tell you they're printing trillions."
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This week, the banking crisis that saw the demise of Silicon Valley Bank, Credit Suisse and crypto-friendly banks Signature and Silvergate earlier this year has hit San Francisco-based First Republic.
Government officials and agencies are in talks to rescue First Republic after it suffered $100 billion of outflows and its share price crashed by 98% this year while interest ratesthat have rocketed at a historical pace over the last 12 monthshave heavily weighed on the value of the bank's mortgage book and other assets.
"Trust the Fed, end up dead," Balaji added. "Fed lied, banks died."
Fresh concerns swirling around the U.S. banking system have pushed the bitcoin price higher this week, reflecting a similar bitcoin, ethereum, BNB, XRP, polygon, dogecoin and solana price boom earlier this year during the Silicon Valley Bank banking crisis.
"The revelation of First Republic Banks fragile business condition has fueled bitcoins rally through $29,000, however, the price was rejected at the $30,000 psychological level on Wednesday and has been struggling to break past that level ever since," Yuya Hasegawa, bitcoin and crypto market analyst at Toky0-based Bitbank, said in an emailed note.
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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Cardano bulls struggle to push ADA higher despite developments in Ethereum-killer token – FXStreet
Cardano blockchains on-chain activity is on the rise. Despite a spike in daily active addresses and high transaction volume, ADA bulls are struggling to fuel the assets recovery.
There is a significant decline in whale holdings of the Ethereum-killer token, signaling a shift in sentiment among large wallet investors.
Also read: Bitcoin traders watch US Feds interest rate decision to plot likely return to $30,000
Djed Alliance announced the new deployment of the stablecoin on the Ethereum-compatible sidechain of Cardano. Milkomeda-C1. The development could act as a catalyst for the Ethereum-killer tokens recovery.
Cardanos builders at Input Output Global announced the progress in the development of Hydra, Cardanos Layer-2 scalability solution. The team is gearing up for the 0.10.0 release and resolving challenges in the test suites. These developments can act as bullish catalysts for Cardano in the long-term, driving the assets recovery.
Large wallet investors on the Cardano network have shed more than 2 billion ADA tokens since April 19, based on data from crypto intelligence tracker Santiment. There is a steep decline in whale wallet holdings of ADA, and this implies a shift in sentiment among holders.
Cardano whale wallet ADA holdings decline
Typically, a decline in the asset held by large wallet investors is bearish for the altcoin. Whales in all three segments together shed more than 2 billion ADA worth upwards of 773 million.
Interestingly, other on-chain metrics like the count of daily active addresses on the ADA network and the transaction volume have continued to increase, despite the shifting whale activity.
Based on data from Santiment, the number of daily active addresses on the Ethereum-killer blockchain, and the transaction volume have maintained their consistency, despite shifting allegiances seen in whales.
Cardano on-chain activity
The on-chain activity in the chart above signals the last spike in transaction volume was seen on April 27, since then there has been consistency in trade volume on ADA. Similarly, daily active address count is nearly the same level as seen throughout April 2023. ADA holders are active on the Cardano blockchain, awaiting a recovery in the assets price.
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Cardano bulls struggle to push ADA higher despite developments in Ethereum-killer token - FXStreet
As Ethereum price dips, we explore the next big Crypto – Cyprus Mail
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As Ethereum price dips, we explore the next big Crypto - Cyprus Mail
3 Best Cryptos to Buy Now as Bitcoin and Ethereum Hit New Highs – InvestorPlace
Cryptocurrencies have been gaining popularity in recent years. With Bitcoin (BTC-USD) and Ethereum (ETH-USD) hitting new highs, investors are increasingly interested in identifying the best cryptos to buy. The sentiment sharply contrasts with 2022, when the crypto market experienced a steep decline. However, it now looks like crypto winter might soon be over.
Notably, the New York-based investment bank H.C. Wainwright has bestowed a buy rating on Coinbase (NASDAQ:COIN), the largest cryptocurrency exchange in the U.S. The rating comes despite the recent high degree of regulations imposed on the industry.
According to the bank, the company is in a great position to gain from the explosive growth of the worldwide digital asset economy as the slump period known as the crypto winter concludes.
The investment banks view is shared by other key players in the industry, as evidenced by a report from Standard Chartered analyst Geoff Kendrick on Monday.
According to Kendrick, the recent failures of mid-sized financial institutions in the U.S., such as Silicon Valley Bank (OTCMKTS:SIVBQ), are helping to make the case for Bitcoin.
In addition, he refers to the stabilization of risk assets and rumors of further monetary easing by the Federal Reserve, potentially paving the way for Bitcoin to reach the $100,000 mark.
However, cryptocurrencies are daunting, especially for those new to the space. Despite the recent positive momentum, not everyone is comfortable with trading cryptos. With so many digital assets, knowing which ones to buy cannot be easy.
That is where this list comes in handy.
And once you are done with this list, please check out these two articles. They offer more advice from my side for those looking to navigate the tricky waters of crypto. Once you finish those, check out this more expansive list from my colleague Josh.
Happy investing!
Source: Stanslavs / Shutterstock
Charles Hoskinson, a co-founder of Ethereum, established Cardano (ADA-USD) as a proof-of-stake blockchain in 2017. The blockchain prioritizes energy efficiency and is a developer-friendly ecosystem for decentralized applications (dapps).
Cardanos Ouroboros proof-of-stake algorithm gives more mining power based on coin ownership. POS is a less risky alternative to proof-of-work. Cardano aims to improve upon Bitcoin and Ethereum, addressing issues like POW.
Regarded as one of the most sophisticated blockchains, Cardano can handle up to a million transactions per second due to its speed and technological advancements.
Cardano can be understood by breaking it down into layers. Transactions have two components: sending tokens and the conditions. The settlement layer allows sending and receiving ADA coins. The computation layer enables creating and entering smart contracts.
Due to energy efficiency, Cardanos smaller footprint is appealing to investors for faster and cheaper transactions. In 2021, a hard fork enabled smart contract deployment, and a Vasil hard fork in September 2022 aims to improve scalability.
AdaSwap, a Cardano platform for decentralized finance apps, recently launched a test version. AdaSwap could enhance Cardanos Web3 network status and increase its coin value.
According to CoinDesk data, ADA, the native token for Cardano, is up almost 66% this year. As crypto winter fades into the background, the time to take advantage is now.
Source: Zeedign.com / Shutterstock.com
Polkadot (DOT-USD) is a blockchain interoperability protocol. It connects different chains, exchanges data, and processes transactions for parachains securely. Polkadots security also enables developers to create their blockchains.
Ethereums core founder Gavin Wood created Polkadot with a constantly circulating token supply. Polkadot is a rising cryptocurrency, threatening high-ranking coins like Ethereum and gaining popularity. Despite this, Bitcoin remains at the top of the list.
Polkadots native token operates on its blockchain, storing data like a permanent, uneditable record. The blockchain ensures transparency and decentralization, making it more secure than a single bank or entitys control.
Polkadot is seen as a progression for blockchain technology, with scalability and growth potential.
Developers released a roadmap for scalability, parachain development, cross-chain communication, and more, boosting growth and value.
Polkadots interactivity attracts investors with the ability to link and create blockchains. Developers interest catches investors attention.
Bitcoin and Ethereums value requires buying fractions of coins, while Polkadot at under $6 is more affordable and enticing.
Source: Stanslavs / Shutterstock.com
Chainlink (LINK-USD) is a decentralized oracle network that provides input on external data sources. Smart contracts help it respond to input, which Bitcoin and older blockchains struggle with.
Chainlink launched on Ethereum but is blockchain agnostic, able to work with other blockchains. Its role in the real-world implementation of blockchain tech is significant.
The blockchain is secure for transactions but cant take input from off-chain sources. Decentralized oracles, like Chainlink, can provide smart contract input from off-chain data like fiat currencies, weather, and sports scores.
Smart contracts respond to input. Bitcoin processes a limited range of input, while Ethereum supports programmable smart contracts.
Similar to Bitcoin and Ethereum, Chainlinks native token LINK is utilized to fund project growth and serves as an incentive for users to participate in mining.
The LINK token was introduced in 2017 and remained below $1 until 2019. Subsequently, the price increased from under $2 in 2020 to $36 in February 2021. Nevertheless, the value of LINK has since declined from its peak and has yet to recover to that level.
On the bright side, the recent price momentum is solid. The LINK token has been up almost 30% since the start of the year. Despite the increase, the token still trades at an affordable price point for you to jump on.
On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
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3 Best Cryptos to Buy Now as Bitcoin and Ethereum Hit New Highs - InvestorPlace
Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum – CoinDesk
Vertex, a decentralized exchange (DEX) for the spot and derivatives trading of digital assets, has gone live on Arbitrum (ARB), a popular network built atop the Ethereum blockchain.
Vertex, which had been operating on a test network, combines an off-chain order book layered on top of an on-chain automated market maker on a decentralized, self-custodial exchange. The firm, which has bases in Singapore and the Cayman Islands, counts Jane Street, Dexterity Capital, Hudson River Trading, GSR, Collab+Currency, JST Capital, Big Brain and Lunatic Capital among its early backers.
The messy collapse of FTX and other centralized trading platform blowups last year has fueled a shift toward decentralized exchanges and self-custody. Ethereum layer 2 system Arbitrum is now the fastest-growing blockchain in total value locked and has surpassed Ethereum in daily transaction volume.
The Vertex team has been working on the protocol for about a year. Co-founder Darius Tabatabai said the platform has drawn interest from institutional traders and from retail traders who use Arbitrum.
We built all the smart contracting ourselves, so were not forking anything, Tabatabai said in an interview with CoinDesk. The [automated market maker] is quite conventional, but we have a bunch of tech under the surface that enables you to do leveraged AMMs, to do looping, and we have an inbuilt money market. So you can think of it as a combination of Aave, dYdX and Uniswap, with an order book.
Building Vertex on Arbitrum and using an off-chain sequencer for the order book has enabled the venue to process between 10,000 and 15,000 transactions per second with the ability to match orders in 10 to 30 milliseconds, a speed that rivals leading centralized venues and surpasses that on other decentralized exchanges, Tabatabai added.
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Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum - CoinDesk
Bitcoin, Ethereum Technical Analysis: BTC Moves Back Above $29000, After Customers Withdraw $100 Billion From … – Bitcoin News
Bitcoin was back above $29,000 on Wednesday, as markets continued to react to concerns over First Republic Bank. It was reported that customers withdrew around $100 billion in deposits from First Republic in March. Ethereum was also higher on the news, climbing back above $1,900.
Bitcoin (BTC) rebounded strongly on Wednesday, as markets reacted to the news that deposits in First Republic Bank fell by $100 billion last month.
BTC/USD surged to a peak of $29,121.97 earlier in todays session, following a low of $27,217.17 the day before.
This move has pushed bitcoin to its highest point in the last seven-days, when it was trading above $30,000.
Overall, the surge in price comes as bulls rejected a breakout below a long-term support point at $27,000 on Tuesday.
The relative strength index (RSI) also bounced from a floor of its own at the 44.00 mark, and is now tracking at 54.09.
A ceiling of 55.00 will likely act as a checkpoint for bulls, and should they move beyond this, there is a strong possibility that BTC climbs to $30,000.
In addition to BTC, ethereum (ETH) was also in the green, as prices snapped a three-day losing streak.
Following a low of $1,805.32 on Tuesday, ETH/USD jumped to a peak at $1,919.72 earlier in the day.
As a result of this move, ethereum has hit a five-day high, with price now hovering around a resistance point at $1,915.
The last time ETH bulls broke this ceiling was on April 13, and on the occasion the price went on to reach an 11-month high above $2,100.
In order for something similar to happen this go round, the RSI would need to overcome a hurdle at the 53.00 level.
At the time of writing, the index is tracking at 51.64.
Register your email here to get weekly price analysis updates sent to your inbox:
Should the banking crisis worsen, could we see ethereum hit $3,000 in May? Leave your thoughts in the comments below.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 in this article.
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Bitcoin’s Energy Use is a ‘Skyscraper’, Ethereum a ‘Raspberry … – Watcher Guru
Proof of Stake related models uses significantly less energy when compared to their Proof of Work counterparts. Proponents batting for sustainability have time and again debated about why protocols need to shift to the former. The Merge upgrade marked the onset of Ethereums PoS consensus mechanism era. Ethereums energy consumption has drastically dropped after the PoS shift. The University of Cambridges Centre for Alternative Finance [CCAF] uniquely contextualized the same.
According to the study, if Bitcoins energy use is assumed to be Kuala Lumpurs Merdeka building, the second-highest in the world [679 meters], then EthereumsPoW consensus system would stand around the height of the London Eye [135 meters]. However now, with the shift to the PoS model, Ethereum has reportedly shrunk to the size of a raspberry.
Also Read: Bitcoin: WEF Video Showcases Mining, But Omits B Word
Alexander Neumller, Research Lead for Digital Assets and Energy Consumption at CCAF, said in a recent interview,
If I go out on the street now and ask, Hey, what is 100 terawatt hours? What is six-gigawatt hours? people dont know. So we have tried to contextualize it in the form of pictures, specifically with the buildings and, of course, the raspberry. This makes these magnitudes very clear without an understanding of energy notations.
According to CCAFs calculations, Ethereum will now consume about 6.56 GWh of electricity per year. It is interesting to note here that the annual electricity consumption of the Eiffel Tower is 6.70 GWh. On the other hand, keeping the lights turned on at the British Museum would need around 14.48 GWh of power.
As reported in an article recently, the Bitcoin mining industry consumed an aggregate of 161 TWh of electricity last year. Notably, the power consumption was higher than in countries like Sweden. In fact, the network consumed 1,738 kWh of electrical energy on average for every transaction processed on the blockchain. To contextualize, the same amount of electricity could power an average U.S. household for two months.
According to the CCAF,Ethereums energy consumption for mining summed up to 58.26 TWh between 2015 and the Merge. Conversely, Switzerlands yearly electricity consumption stands a bit lower at 54.88 TWh.
Also Read: Bitcoin Mining Industry Consumed More Power Than Sweden In 2022
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Bitcoin's Energy Use is a 'Skyscraper', Ethereum a 'Raspberry ... - Watcher Guru
Is It Too Soon to Be Talking About Ethereum at $3,000? – The Motley Fool
In mid-April, Ethereum (ETH -0.00%) completed its highly anticipated Shapella upgrade. This marked the first major upgrade to the Ethereum blockchain since The Merge took place last September. Ethereum is now up almost 60% for the year and recently broke through the $2,000 mark before retreating a bit.
But Ethereum is still well below its 52-week high of $3,026, so there's work to be done. The next major catalyst for Ethereum could be another planned tech upgrade, tentatively scheduled for early 2024. So what are the chances of Ethereum breaking through the $3,000 level before that happens?
Ethereum's transformation from a proof-of-work to a proof-of-stake blockchain due to The Merge last year was a titanic technological accomplishment. Consequently, many investors anticipated that this transformation would greatly boost Ethereum's overall performance. So far, reviews have been mixed.
That's why I think the next upgrade cycle for Ethereum is so important. The last upgrade primarily focused on one aspect of Ethereum: crypto staking, whereas this next upgrade will focus on scalability and performance.
Image source: Getty Images.
The two performance metrics investors care most about are transaction processing speeds and transaction fees. Obviously, transaction processing speeds should be as high as possible, and transaction fees should be as low as feasible. Ethereum has always trailed blockchain rivals in these two metrics, and so this is one area where The Merge was really supposed to make a difference.
Remember -- Ethereum once promised speeds of as many as 100,000 transactions per second, and we are currently nowhere close to this number on the main Ethereum blockchain. Even more worrisome, Ethereum co-founder Vitalik Buterin recently warned about the potential for $500 transaction fees in the near future if Ethereum's scalability issues are not resolved.
Given blockchain technology's openness and transparency, tracking the cost of doing business on the Ethereum blockchain is very easy. The number to focus on here is the "gas fee" (i.e., transaction fee) for using Ethereum. This is the cost paid to add a new transaction to the Ethereum blockchain.
Theoretically, Ethereum gas fees should decline over time due to The Merge. But is that really the case? Recently, there has been a 10-month spike in Ethereum gas prices, and the average gas price for Ethereum has been on the increase for months now. The concern is that in a bull market rally, demand for Ethereum could spike and lead to even higher gas prices. If you look at the last bull market rally, for example, there were some incredible spikes in gas prices when Ethereum became almost unusable for average users.
Think about the way the cost of gas works in real life. The greater the demand for gas, the higher the price tends to go. This is basic supply and demand. During the peak summer driving season, for instance, gas prices tend to rise.Well, the same thing happens in the blockchain and crypto world. The greater the demand for Ethereum, the higher its gas prices tend to go. And in a crypto bull market rally -- the equivalent of peak summer driving season -- blockchain gas fees can skyrocket.
That's why scalability is such a priority for Ethereum. Gas fees must be under control before the next big crypto rally, or people could decide to abandon Ethereum for cheaper blockchains. Sky-high Ethereum gas fees are much like experiencing sticker shock at the pump. This sort of sticker shock has been a problem in the past with Ethereum when non-fungible token (NFT) gas fees were sometimes higher than the cost of the underlying NFT.
If Ethereum is going to skyrocket to $3,000 -- a gain of more than 60% increase from today's prices -- investors will want to see real performance upgrades in the works. Right now, Ethereum depends heavily on Layer 2 scaling solutions to work effectively, and I think that has blinded investors to the underlying performance issues with the core Ethereum blockchain.
As for me, I'm watching several key factors. Gas fees and transaction processing speeds are on the list because they affect the usability of the blockchain so heavily. And I'm also watching updates to Ethereum's official roadmap. If the next tech upgrade gets pushed back to mid- or late-2024, I'm going to be concerned.
That said, I'm still bullish on Ethereum long term. I have confidence in the Ethereum roadmap, and I'm especially pleased that Vitalik Buterin has made performance and scalability such major priorities. This is the key to Ethereum remaining the world's premier Layer 1 blockchain.
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Is It Too Soon to Be Talking About Ethereum at $3,000? - The Motley Fool
Rising Stars of Crypto: Solana, Ethereum, and Dogetti Expected to … – Analytics Insight
As more and more people become inspired to invest in cryptocurrency, many crypto community members are trying to determine which currencies are worth investing in. As Bitcoins dominance begins to wane, investors are looking for which cryptocurrency will be the one to outshine this red giant before it collapses in on itself. Three strong contenders in the current market are Solana (SOL), Ethereum (ETH), and Dogetti (DETI), three altcoins that offer different benefits to their users.
Solana (SOL) is a proof of history based currency that has astoundingly quick transaction speeds while being conscious of their energy consumption and carbon footprint. SOL have just launched a carbon tracker to enable users to view what the energy usage of the currency amounts to, showing a willingness to adapt to the current demand for cryptocurrencies to take responsibility for their effects on the environment. Like other cryptocurrencies, SOL is decentralised, meaning that the crypto community can have an influence on the course that the currency takes in the future, and people who traditionally have not been able to be involved in banking can be a part of the financial system.
Ethereum (ETH) has shown impressive gains in the past few weeks, following its Shanghai, or Shapella upgrade, moving from a proof of work mechanism to the much more environmentally conscious proof of stake. Investors have recognised the potential of ETH, and have contributed to its rise in price following this transition into a more sustainable system. The transaction speed of ETH is 20 transactions per second, compared to Solanas (SOL) 50,000, which raises concerns about ETHs scalability in the future, but as it continues to rise in popularity for now it paves a clear route for more promising altcoins to continue the acceleration in the market.
Dogetti (DETI) is a newcomer to the crypto market, still flourishing in its presale stage which is due to end on the 20th of June. DETI operates on the Ethereum (ETH) blockchain, and the success of its presale is projecting great things for the coin. It offers stability to investors by sending 2% of every transaction to dedicated liquidity and burn wallets while sending another 2% to community-selected charities to increase altruism within crypto. A third 2% is redistributed amongst token holders, meaning that simply by owning DETI you can increase your holdings. DETI aims to be a secure, consistent, and decentralised cryptocurrency driven by the community and, in return, aims to reward its Dogetti Family.
While altcoins are experiencing their moment in the sun, Solana (SOL), Ethereum (ETH), and Dogetti (DETI) are receiving lots of attention from crypto enthusiasts and investors alike. As the crypto market progresses and many analysts speculate about which way it will turn, the recent successes and innovations shown by SOL, ETH, and DETI could result in cryptos biggest supernova.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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Rising Stars of Crypto: Solana, Ethereum, and Dogetti Expected to ... - Analytics Insight