While Bitcoin is regarded as the king of cryptocurrency, it doesn’t beat out Ethereum in every metric. With a robust ecosystem of decentralized finance (DeFi) protocols, play-to-earn blockchain games, and NFTs, Ethereum’s blockchain handles about 5 times the daily volume of Bitcoin. As a metric of success, generating fees is a double-edged sword. For one, fees show the demand for a blockchain network. If the network were to have less active users, it’d generate less fees. There’s also… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin has been drawing a lot of attention from retail investors of late. The alt’s on-chain metrics appear to be healthy and it has also been making inroads on the development front. Spurred by the recent popularity of smart contract applications and NFTs, Litecoin released plans to venture into new territory via OmniLite. However, on the charts, a wider… Source link

A historical technical level offers ETH buyers a good entry point. Ethereum acts as a perfect buy-the-dip asset. Expect further upside for the altcoin towards $4,000. Ethereum (ETH) stayed the course of other cryptocurrencies, under pressure from Bitcoin earlier this week. But with this dip comes the opportunity for buyers to pick up Ethereum and add to the portfolio.  Buyers scratched their heads after seeing the price action in Ethereum on September 7. Not a real clean entry point… Source link

Bitcoin and other cryptocurrencies can be among the most volatile securities trading today. A safer way to invest in cryptos and blockchain-technology companies is through exchange traded funds. The Amplify Transformational Data Sharing ETF BLOK is, by far, the largest ETF focused on cryptocurrencies and companies that use or develop blockchain technology. It has $1.3 billion in assets and is actively managed. The second-biggest ETF in the space is the Siren Nasdaq NexGen Economy… Source link

Solana has been a trending topic due to the successive weeks of price increases seen by its SOL token. At the time of writing, SOL traded at around $207, which is an 11,400% surge from less than $2 back in January. At its present worth, Solana sits among the top 10 cryptocurrencies by market capitalization with about $60 billion, claiming the sixth spot from Dogecoin (DOGE), according to Cointelegraph Markets. One of the likely catalysts of this bullish momentum is funding from investors led… Source link

Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say. Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time in six weeks on Wednesday. SOPR says “buy the dip” A classic buy signal, negative SOPR implies that sellers have been dumping BTC at a loss, and the oversold market, therefore, is ripe for longer-term hodlers to profit from cheap coins. The last time SOPR went negative was July 20,… Source link

With Bitcoin’s price recovering slightly and standing above $46k at press time, many altcoins rebounded on the charts. DASH appreciated by 4.9% and successfully managed to trade above its month-low price point. Compound rose by 4.8% while eyeing a break over its one-week low price of $456.76. On the contrary, Monero lost 4.3% of its value and inched towards the nearest price floor of $252.32.  Monero [XMR] XMR/USD, TradingView Monero was down by 4.3% and was trading at $262.18. The… Source link

A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high. The SOL/USD exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in history. The pair’s ability to sustain bearish pressure underscored investors’ growing interest in Solana’s blockchain as an emerging rival to Ethereum, a public ledger currently… Source link

Whales moved more than $1 billion in Ethereum (ETH) across 21 separate transactions this week amid a widespread market correction, according to crypto tracker Whale Alert. Whale Alert notes an unknown wallet sent Binance a whopping 99,990 ETH on Tuesday, worth more than $343 million, the largest of the tracked transactions.   Other large transactions include an unknown wallet that sent 46,470 ETH worth more than $159.4 million. Two other sizable transactions moved 43,654 Ethereum… Source link

A sharp sell-off across the cryptocurrency market on Tuesday — that saw top tokens Bitcoin (BTC), Ether (ETH), Cardano (ADA) and Solana (SOL) fall by double-digital percentages — created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one dollar-peg and offering sufficient liquidity to traders who looked for a safety net during the market… Source link