The average transaction fee in the Ethereum ecosystem has proportionally dropped with the network activity and the market price historically.  The Ethereum average transaction fee has dropped immensely in the past year, following the notable upgrades in the past few months. According to statistical data provided by ycharts.com, the average transaction fee in the Ethereum network costs approximately $2.043 today. The figure has dropped from approximately $2.051, and $20.91 yesterday and one… Source link

Bitcoin (BTC) starts the week with a slow drag downhill towards pivotal support at $40,000. After bulls had something to celebrate last week, the current environment looks like a fresh dose of reality as BTC battles nervous stock markets, a resurgent U.S. dollar and more. The picture is, as always, mixed — while spot price may not look too impressive, under the hood, Bitcoin is stronger than ever, and network participants are doubling down on their long-term commitments. Add to that the slow… Source link

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Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent at $2,863.29. Cryptocurrencies. (Reuters image) Prices of popular cryptocurrencies Bitcoin and Ethereun fell as the global crypto market was treading in red amid escalating tension between Russia and Ukraine, according to details on coindesk. Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent… Source link

Ethereum transaction fees have dropped to multi-month lows, indicating that the token could see a reversal in its price. The figure represents a decline of over 75% of the average fee price since November 2021. Ethereum could be preparing for a 25% climb if a key support level holds.  While Ethereum price slid lower below $3,000, the network’s median fees have dropped below $3, suggesting that demand for ETH transactions have been low. Increased scalability and… Source link

In brief Coinbase’s QR code ad proved popular enough to crash the site Despite the glitch, the ad was well received on social media Coinbase made the first big crypto splash during this year’s Super Bowl after the company aired a bold commercial that consisted of nothing but a QR code floating around the screen for 60 seconds. The ad also quickly flashed a Coinbase URL at the end, leading to a website displaying a promotion for $15 in free Bitcoin for new customers who sign up in the next… Source link

The relative strength index (RSI) on the daily chart approached oversold territory on Wednesday, which preceded the recent downturn in price. On the weekly chart, however, the RSI is rising from oversold levels similar to what occurred in March 2020, which could keep buyers active over the short term. Source link

The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time gas fees on Ethereum were this low, as average fees have dropped to roughly $15.13 per transfer. Ethereum Fees Slide Lower It costs less to transact on Ethereum today, than it was in mid-January 2022, when the average transaction fee on Ethereum was around $52.46 per transfer. Today, statistics indicate… Source link

It’s not been a good year for Bitcoin, the world’s largest cryptocurrency. Less than three months ago, with BTC trading close to $69,000 on the charts, many expected the crypto to hit $100k soon. Alas, that didn’t happen. In fact, Bitcoin dipped and depreciated. And, did so very significantly. While the last 10-14 days have seen BTC recover from its near-term lows close to $32,000, the cryptocurrency is still well away from touching its heights from a few months ago. Understandably,… Source link

Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has increased 2.01% to $127.16. InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos… Source link