Ethereum’s native cryptocurrency ether hit a high of $1905. Illustration: Reuters/Dado Ruvic/Illustration Ethereum soared 12% today following a successful test ahead of the upcoming ‘merge’, and after CPI data in the US showed inflation had slowed in July. Following the healthier inflation data from the US and the successful Ethereum proof of stake test, Ethereum’s native cryptocurrency ether hit a high of $1905. On Wednesday, the Ethereum network (ETH-USD) ran its last test before the major… Source link

Ethereum’s native asset Ether (ETH) has more than doubled in value since bottoming out at around $885 in June 2022. Now, it eyes a decisive move toward $2,500 in August per a slew of technical and fundamental indicators. Ethereum chain split means more tokens A big part of Ether’s ongoing rally has appeared due to “the Merge,” a network upgrade that will switch Ethereum’s underlying blockchain protocol from proof-of-work (PoW) to proof-of-stake (PoS) in September. Simultaneously, switching to… Source link

Today, there are more than 19,000 tokens available on CoinMarketCap. A lot of these tokens were performing well and were aiming for new heights, but the recent crypto crash caused drastic performance shifts. Almost every crypto coin is trading in red and has faced losses since the start of 2022. These cryptos include Ethereum (ETH), Cardano (ADA), and Litecoin (LTC). Researchers and analysts blame factors like policy changes, high inflation, and post-pandemic… Source link

The global crypto market has resumed its gains after facing a bout of stark bearishness. The change in the market has resulted in its leap to new highs. The value of Bitcoin, Ethereum, and others saw a speedy growth. The recent few days had brought the market to lows affecting various coins and tokens’ prices. As it has resumed gains, it will also attract investments, consolidating the coins. It is yet to be seen how long this bullishness will continue. Ripple is considering plans to buy… Source link

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Monero (XMR) gets a bullish rating from InvestorsObserver Wednesday. The crypto is up 6.65% to $167.1 while the broader crypto market is up 3.54%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

The crypto market has seen a shift in general sentiment since 9 August. This is being credited to the release of United States CPI news which will be panned out later on 10 August. There are expectations among analysts that inflation has already peaked in June with the cooling of gas prices and supply-chain issues. A survey from the New York Federal Reserve this week signaled a positive sentiment among consumers since June. According to CNBC, consumers expected inflation to… Source link

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. After a turbulent year, bitcoin and ethereum prices are looking up. But some experts aren’t quite ready to say investors are in the clear from recent price swings. The two largest cryptocurrencies are still down more than 50% from their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has added 4.59% to $61.65. InvestorsObserver is giving Litecoin a 25 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 25, placing it in the bottom 25% of cryptos… Source link