HodlX Guest Post  Submit Your Post   Key data Average Ethereum (ETH) gas price increased by 1.8% in November. The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%. Average number of Ethereum transactions per day has been declining for more than six months now. In November, the average number of Ethereum blocks per day has changed by just 0.01%. The number of blocks per day and the block size remain almost unchanged. In November, the average… Source link

Ethereum co-founder Vitalik Buterin said in a new blog post that DAO-governed stablecoins backed by real-world assets and zero-knowledge decentralized identities would form a crucial part of Ethereum’s future. Buterin argued that the collapse of FTX has sensitized crypto users to the merits of decentralization. He also believes that a stablecoin issued by an entity with a robust decentralized government would allow many users to benefit from saving and using it as a currency.  Buterin… Source link

Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support. Bitcoin extended its upward move above $17,100 and $17,300 resistance levels. The price is trading near $17,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $17,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $16,800 support to… Source link

Ethereum price is likely to undergo a retracement to the $1,202 to $1,218 demand zone to refill bullish optimism. A bounce from this level will allow ETH to sweep the buy-stop liquidity above $1,309 and $1,350.  Invalidation of the bullish thesis will occur below the $1,195 support level.  Ethereum price shows a lack of bullish enthusiam, resulting in three failed attempts to overcome an immediate hurdle. As a result, ETH has slid lower and is likely to continue… Source link

Dec 6 (Reuters) – “I’m nearly bankrupt,” says Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression and more frustration about it.” The 45-year-old, who quit his real-estate job a year ago to focus on trading, has seen his holdings evaporate in recent months. He hasn’t slept in a week because of the stress. “I had about 40 coins and then I came down to 20 coins then I came down to 10 coins, came down to five coins and now I’m down to the… Source link

LTC’s MVRV Ratio spiked considerably over the past few days However, a few market indicators were bearish   Litecoin [LTC] managed to outperform most cryptos lately, as it registered over 9% gains in just 24 hours. This was a promising uptick that increased the possibility of a further increase in its price over the coming days. Interestingly, DYOR.net, a crypto analysis platform, recently posted a tweet that revealed that Litecoin was on the list of the top five bullish… Source link

Sabrina Martins Vieira Litecoin’s price victory over Bitcoin in November does not guarantee that altcoin will continue to rise Contents What made Litecoin soar in recent days? This rise is far from lasting While the cryptocurrency market was going through a heavy drop with the FTX collapse, Litecoin (LTC) managed to stand out on the upside. But is the cryptocurrency’s 24% monthly rally just a hoax? Let’s take a look at Litecoin to try to answer that question. First, the operation and… Source link

Data shows Litecoin has become the 12th largest crypto in the market after its 9% surge during the last 24 hours. Litecoin Continues Bullish Momentum, Registers 15% Gains In Past Week This last week has been green for much of the crypto market as many top coins have managed to get double digit gains in the period. LTC, which was already having a better time than the others, has been no different. The past 24 hours or so, especially, have been great for Litecoin as the crypto has risen by… Source link

Alex Dovbnya Canadian programmer has enumerated most exciting Ethereum-based applications in recent blog post In a lengthy blog post published earlier today, Canadian programmer Vitalik Buterin named the most exciting applications within the Ethereum ecosystem. Buterin sees money as “the first and most important” use case for the popular blockchain. He noted that the chain had become much more stable following the Merge upgrade that occurred in March. Buterin also claims that scaling… Source link

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. Crypto valuations have tanked significantly owing to a bear market run that began last year. While every cycle often comes to an end, the big question is which project will bounce back and generate significant returns once the poor run ends. BudBlockz is one project showing prospects of surpassing Litecoin and Chainlink next… Source link