Long-term investors in bitcoin are adding to their stashes as prices decline, despite the generally bleak macroeconomic outlook, with some models suggesting the world’s largest cryptocurrency could be undervalued at the current price range of $20,000-$21,000. The Puell Multiple, a tool that measures one-year revenue growth among bitcoin miners, indicates there’s buying interest among investors and, with a reading of 0.5, places bitcoin in a so-called green zone for those looking to build… Source link

There are thousands of cryptocurrencies out there, but few can match the ecosystem or activity of Ethereum (ETH 0.68%). With a market cap approaching $190 billion, Ethereum trails only Bitcoin (CRYPTO: BTC) in terms of market value, and it is by far the largest smart contract platform in the world. Here are three top reasons all investors should consider getting some exposure to Ethereum.  Image source: Getty Images. Ethereum has a deep ecosystem  Neil Patel: Launched in… Source link

Arman Shirinyan Everyone knows about it, but almost no one knows how to take advantage Almost every cryptocurrency market participant has heard about the upcoming Ethereum upgrade designed to change the network completely, but far too many people are missing out on the ways to take advantage of one of the biggest events in the cryptocurrency industry. Bobby Ong explains how. PoW tokens If you have some ETH tokens, you automatically become eligible for an Ethereum PoW token airdrop. If… Source link

The Bitcoin [BTC] narrative that has prevailed in the last few weeks is that it was still trading at a discount between the $20,000-$22,000 price range. Despite this, it still experienced a lot of selling pressure which pushed the king coin below $20,000. Bitcoin’s inability to stay above $20,000 suggests that there was incoming sell pressure that overwhelmed the prevailing demand. It turns out that some of the selling pressure was due to outflows from miner… Source link

Bitcoin (BTC) starts the second week of September still trying to cement $20,000 as support as bears clinch control. The largest cryptocurrency emerges from a sideways weekend with a weekly close almost exactly at the $20,000 mark — but that significant psychological level is already struggling. Expectations already favored further downside during this month — the so-called “Septembear” phenomenon which normally sees BTC price lose ground in September — and so far, there has been… Source link

Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it… Source link

Ethereum is edging closer to the Merge right now, with the launch scheduled for 15 September. The Merge has already given a sharp boost to Ethereum [ETH] trading over the past month. According to data from Coin Glass, the number of Ether contracts that have not been settled has doubled to just over $8.43 billion. In September alone, the total derivatives volume for Ether was close to $87 billion, compared to over $67 billion for Bitcoin. This reflects on the growing sentiment… Source link

A popular analyst says he has his radar locked on a number of altcoins that are high on his list for accumulation including Ethereum (ETH) and Polkadot (DOT). Crypto strategist Michaël van de Poppe tells his 624,700 Twitter followers that he believes the crypto markets are giving long-term bulls the opportunity to accumulate digital assets at deeply discounted prices. In addition to leading smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe says… Source link

On September 1, Vitalik Buterin conducted an interview with the economics author Noah Smith and the co-founder of Ethereum spoke an awful lot about Bitcoin and the network’s long-term security. Buterin also discussed the crypto economy’s crash and said he was “surprised that the crash did not happen earlier.” Buterin: Bitcoin Is ‘Not Succeeding at Getting the Level of Fee Revenue Required to Secure What Could Be a Multi-Trillion-Dollar System’ Ethereum’s co-founder… Source link

Bitcoin [BTC] is looking to add to traders’ woes in September, despite two major upgrades across the crypto-industry. Furthermore, Ethereum is set release the Merge on 15 September while Cardano is set to launch Vasil a week later. These long-awaited upgrades are expected to alter trader sentiment across the industry. However, recent data shows a different story as long as Bitcoin is concerned. CryptoQuant analyst ‘Maartunn’ recently shared his briefing about a highly… Source link