Today, Ethereum has $180 billion in DeFi TVL, but its dominance has fallen still further to 66.5%. I would argue that the dominance number is less important in the short term, as Ethereum looks to scale tremendously with the help of Arbitrum, Optimism, Polygon and more. The idea that these other chains are “Ethereum killers” appears to be false, as Ethereum TVL grew almost 9x, while its native token only grew 5.9x. Source link

When you look at cryptocurrencies trading at only a few dollars — or even a few cents — a token, it’s hard to imagine them becoming the next Bitcoin (CRYPTO:BTC). After all, that cryptocurrency star recently surpassed $60,000 a coin. But it’s important to remember where Bitcoin started. The world’s first cryptocurrency was only worth only about eight cents when it debuted in 2010. That means it’s entirely possible newer players with low valuations… Source link

The price of Ethereum (CRYPTO:ETH) has been on an upward swing lately, as it recently reached a record high of around $4,800 per token — an increase of more than 900% over the past 12 months. While there’s no way of knowing for certain how Ethereum will perform in the future, there’s a chance it could surpass $5,000 per token in the relatively near future. Does that mean it’s time to invest now? Here’s what you need to know. Image source: Getty… Source link

A representation of the virtual cryptocurrency bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo HONG KONG/SINGAPORE, Nov 17 (Reuters) – Bitcoin and ether, the world’s two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if breached. Bitcoin last traded around $59,000, down 1% on the day, and off about 12% from the record high of $69,000 set on Nov. 10, while ether was… Source link

Litecoin price at the monthly chart is trading near its critical support zone and now struggling near its short-term moving averages of 20-day lines.    The crypto asset trades above vital moving averages of 50, 100, and 200-day lines, with a substantial higher-level pullback.  The pair of LTC/BTC is trading at 0.003779 BTC with an intraday dip of -6.86%, and the ratio of LTC/ETH is CMP at 0.05385 ETH with a 24-hour change of -4.58%.  Litecoin price at the monthly chart is heading to… Source link

Ethereum Ethereum slid by 7.77% on Tuesday. Following a 1.33% loss on Monday, Ethereum ended the day at $4,209.5. A bearish day saw Ethereum slide from an early morning intraday high $4,564.98 to a late morning intraday low $4,108.00. The extended reversal saw Ethereum fall through the day’s major support levels before finding support. Through the 2nd half of the day, Ethereum broke back through the third major support level at $4,167 to end the day at $4,200 levels. At the time of writing,… Source link

Ether (ETH) traders might have a few reasons to panic after today’s 13% drop down to $4,100. The swift pullback appears to have broken a 55-day ascending channel that had a target at $5,500. Ether/USD price at FTX. Source: TradingView Those not worried about technical analysis will understand that the cryptocurrency’s 3.4% daily volatility justifies the 10% negative price swing. Still, one should not disregard externalities such as the United States infrastructure bill approval on Monday. The… Source link

Despite Jamie Dimon blasting Bitcoin as ‘worthless,’ JPMorgan just set a new price target for the crypto of $146,000 — here’s how to jump in JPMorgan, the nation’s largest bank, has a rather ambivalent view of Bitcoin. Its CEO, Jamie Dimon, isn’t exactly a big believer in the world’s biggest cryptocurrency. “I personally think that Bitcoin is worthless,” he said at a conference last month. But the bank’s investment strategists have a very different opinion, recently renewing their… Source link

advertisement The Ethereum Foundation, a non-profit organization supporting Ethereum and other blockchain technology, which is separate from Ethereum tech development, is setting aside $1 million USD for grants designed for Ethereum and blockchain tech education and advocacy.  According to a blog post published on Tuesday, the Ethereum Foundation will split the million-dollar grant pool into two halves: $500,000 for Coin Center, Electronic Frontier Foundation and Fight for the Future —… Source link

What happened  The explosion of cryptocurrency prices seems to have come to an abrupt halt late on Monday night as a broad crypto sell-off commenced. As of 11 a.m. EST on Tuesday, every major cryptocurrency was down big, with some trading 10% lower in the past 24 hours.  Bitcoin (CRYPTO:BTC) is the biggest and most notable move in the world of cryptocurrency, falling 5.8% in the past 24 hours. After peaking at about $69,000 last week, the value of a… Source link