Ethereum [ETH] has been on the receiving end of a lot of sell pressure, especially post the Merge. However, even after Ethereum’s decline in prices, validator interest and revenue had a different picture to convey. ____________________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Ethereum for 2022-2023. ____________________________________________________________________________________________ It should be noted that… Source link

Given the variety of benefits one receives, including inflation-proof returns, data privacy, and a lack of third-party intervention, cryptocurrencies are an excellent investment option for individuals of all income levels and ages. Furthermore, thanks to developments in blockchain technology, people can now use cryptocurrencies for purposes other than simple trading. Users can directly engage in various activities while receiving incentives in the form of… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Considering the carnage in U.S. stocks on Friday, perhaps crypto investors should feel lucky to escape the week with Bitcoin and Ethereum basically flat. It was the second consecutive week of flat crypto prices. Bitcoin rose just 1.2% over the past seven days, while Ethereum inched up 0.3%, according to CoinMarketCap.  Bitcoin in particular had a volatile week. On Monday, research by Kaiko found that the correlation between… Source link

Bitcoin was trading lower on Saturday, as cryptocurrency prices continued to trade in the red following the latest U.S. nonfarm payrolls (NFP) report. The token dropped for a fourth consecutive day, moving closer to a key support point in the process. Ethereum was also in the red, hitting a five-day low in the process. Bitcoin Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report. Following the… Source link

The Ethereum whale investors have maintained an influence on ETH price. This is because they use their holdings to create their desired trend in the ETH market. But their impact is raising more brows as per the data from CryptoQuant. In the crypto space, the whales are persons or entities with higher investment holding of a particular asset. Holding a significant amount of cryptocurrency makes it easy for whales to manipulate and influence the crypto price. Over… Source link

Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Reportedly, Ethereum recorded $1.96 billion in net revenue in the second quarter (Q2). Unfortunately, the third quarter was a paltry $274.12 million. Source: Token Terminal Since this was the case, the Merge, which took place on 15 September, was not vital to revive the ETH network. As per the status of… Source link

Ethereum has been following the general trend in the crypto market, giving back its profit obtained over the past week. The cryptocurrency was moving in tandem with Bitcoin and large cryptocurrencies, but now ETH’s price is reacting to new economic data published in the United States. At the time of writing, Ethereum trades at $1,300 with a 2% loss and sideways movement in the last week. Other cryptocurrencies in the top 10 by market capitalization record… Source link

“The labor market demand is still outpacing supply,” Cleveland Fed Chair Loretta Mester said in an interview with CNBC last week. “We’ve got to moderate both the labor market and product markets if we’re going to get inflation back down. At some point, once we get real rates up and we see more of that moderation in demand, […] then there’s some tradeoffs and then you need to be concerned, have you gone too far or is this a good place to stop? We’re not at that point yet.” Source link

Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release. Bitcoin Bitcoin (BTC) was back below $20,000 on Friday, as traders continued to anticipate this afternoon’s nonfarm payrolls (NFP) report. September’s payrolls are expected to come in at… Source link

Ethereum (ETH -2.50%), the second most valuable cryptocurrency by market cap, now trades at a price of about $1,360. Getting to the $5,000 level would imply a gain of more than 375%. That might sound overly optimistic, especially given the current market environment for cryptocurrency, but it’s certainly not out of the realm of possibility. After all, less than 12 months ago, Ethereum touched an all-time-high of $4,892. For Ethereum to retrace the path back to $5,000, a few key things will… Source link