While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.”  Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third layer on the blockchain makes sense only if it provides a different function to layer 2s, which have been… Source link

Shift to Proof of Stake Roils ETH Market But Perhaps Only for the Short Term Ever since The Merge took place on Sept. 15 investors have looked on in dismay as Ether lost a fifth of its value over the next four days.  What was going on? Many traders expected some profittaking and sell-the-news market action, but the historic upgrade was supposed to usher in a vibrant new era for Ethereum, not a spasm of bearish selling. Now, one of the causes for the selloff may be emerging — Ethereum miners… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has declined 1.42% to $52.66. InvestorsObserver is giving Litecoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 27, placing it in the bottom 27% of cryptos… Source link

Many miners paid upfront for these specially designed computer chips, and thus have an economic incentive to keep them plugged in so long as they’re profitable. That said, it’s unlikely the recent price appreciation in ETC, RVN and ETHW, coextensive with their networks’ increased hash power, is stable in the long term without meaningful user activity and development of those chains. Source link

Litecoin price analysis shows that LTC/USD is in a bearish trend. The LTC/USD has decreased by 7.13 percent since yesterday as it currently trades at $52.04. Litecoin price is facing strong resistance at $56.59 and if the bears can push the prices below this level, we can expect a further decline towards $50.43. Support for LTC/USD is present at $50.43, and if the bulls can push the prices above this level, we might see a minor rebound towards $54.23. Litecoin prices have been trading… Source link

SPONSORED POST* New cryptocurrencies in the coin market face more challenges to attain a high level of market success. This is because the market demands are greater than before. Top cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB) achieved huge success without a well-defined use case, but such a feat seems impossible to replicate in the current market.  Market analysts have noticed the paradigm shift, and crypto project developers are advised to equip their crypto assets with… Source link

Litecoin price pulled back on Monday as cryptocurrencies pulled back on Monday. It dropped to a low of $50, which was the lowest level since July 15. It has crashed by more than 23% from its highest level this month. Fed interest rate decision LTC price has been under pressure as investors refocus on the upcoming interest rate decision by the Federal Reserve. This also explains why other cryptocurrencies like BTC and ETH have pulled back in the past few days. The Fed will start its two-day… Source link

Key Takeaways Ethereum has successfully shipped the Merge after years of anticipation, but ETH is down. The number two crypto has lost 25% of its market value over the past week. Though the Merge brought several notable upgrades, it will likely take time for the market to digest the event. The weak macro environment has been a major factor weighing down ETH and other crypto assets this year. Share this article Ethereum made history when it completed “the Merge” from… Source link

Bitcoin (BTC) and Ethereum’s native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England. Bitcoin price fails to hold $20,000 On Sep. 19, BTC’s price has failed to regain the $20,000 psychological support zone. The BTC/USD pair slipped by 6.5% to around $18,250, while ETH dropped 4% to approximately $1,280. Their gloomy performance came as a part of… Source link

Bitcoin (BTC) continued its bearish price action over the weekend, with the leading cryptocurrency dropping to a new 3-month low of $18,390, according to data from CoinMarketCap. Bitcoin now changes hands at around $18,440, down 8% over the past 24 hours, despite a 64% jump in daily trading volume. BTC has lost over 17% of its value over the past week, and is down over 73% from its all-time high of $68,789.63 in November 2021. The market capitalization of Bitcoin has more than halved,… Source link