Ethereum

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. It’s been a bad week for the crypto market. For investors, the big question is how low will crypto prices go? After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse… Source link

But ether changing to proof of stake will reduce ETH’s similarity to (and substitutability for) BTC, while simultaneously increasing its similarity to (and substitutability for) various major proof-of-stake assets such as Cardano, Solana, Tron, Avalanche, Algorand and others. Source link

Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per token a day after it rebounded by 23% after dropping to almost $1,000, its worst level since January 2021. The ETH/USD pair’s upside move, followed by a sharp correction, appeared in tandem with U.S. stocks, confirming that it traded… Source link

Cryptocurrencies have rallied following the announcement of a 75 basis point hike by the U.S. Federal Reserve. With inflation in the U.S. soaring past 8.6% in May 2022, the Fed made the the most aggressive rate hike in 28 years yesterday. Bitcoin (BTC), the largest cryptocurrency by market cap, is up 5.7% over the past 24 hours and is currently hovering around $21,400, according to data from CoinMarketCap. Ethereum (ETH), the second-largest cryptocurrency, has gained 10.9% in the last 24… Source link

The global crypto market cap has dropped by $369 billion in the past week. Ethereum [ETH], as it stands, took the biggest hit during the past week among the top 10 cryptocurrencies. But the question is- What conspired against ETH as it plunged to new lows on 15 June? Welcome to the carnage For most cryptocurrencies, the bear market has signaled a period to adopt stop-gap measures and “wait and watch”. However, some major cryptos have been hit hard during these bearish… Source link

OpenSea has moved to the “Seaport Protocol,” a new smart contract that the NFT marketplace says will allow its 1.8 million users to save money on Ethereum gas fees. With the Seaport contract, users will be able to save roughly 35% on gas, the company said. And new accounts will no longer require that one-time “setup fee” OpenSea previously charged. NFTs are blockchain-based tokens that show ownership over digital or physical assets. Gas fees are essentially transaction fees, and they… Source link

Web3 infrastructure provider Ankr has been accredited as a Remote Procedure Call provider to Ethereum Layer-2 scaling solution Optimism. This alliance names Ankr as an RPC provider that enables various applications to interact with 17 blockchains including Ethereum, BNB Chain, Solana, and Avalanche. Running RPC node infrastructure helps expand Optimism’s public RPC resources where significant hardware investments and technical proficiency are often seen as barriers to getting started…. Source link

A popular analyst is digging into the charts to set price targets for four crypto assets as the markets tumble. The pseudonymous trader known as Altcoin Sherpa tells his 177,300 Twitter followers that he’s looking at leading smart contract platform Ethereum with one-week candles, and that the $500 to $800 range a possibility if ETH capitulates at $1,000. “Some 1-week targets here. I think $1,000 is a solid short-term bottom for obvious reasons. $800 would be the next area up,… Source link

Analyst who predicted the bear market of 2018 believes Bitcoin and Ethereum prices are very close to their bottom.  Kevin O’Leary of Shark Tank detailed his crypto holdings include Ethereum and scaling solution MATIC.  Analysts argue that a drop below $1,070 could push Ethereum prices lower.  The cryptocurrency analyst known for accurately predicting crypto bear markets believes Ethereum is close to printing cycle lows. Analysts believe Ethereum price could… Source link

While there are literally thousands of cryptocurrencies, when it comes to the big dogs, there are really only two: Bitcoin and Ethereum. Bitcoin is the original crypto, created in 2009, and Ethereum was created as a “Bitcoin killer” in 2015. Together, the two comprise nearly two-thirds of crypto’s $1.3… Source link