Ethereum

The last day of the week is neutral for the cryptocurrency market, according to CoinMarketCap’s ranking. ETH/USD The price of Ethereum (ETH) has fallen by 0.18% over the last 24 hours. On the local time frame, Ethereum (ETH) is trading in a narrow range, accumulating power for the next move. A sharp rise or decline is unlikely as the price has passed most of its daily ATR. On the daily chart, the rate is trading within yesterday’s candle, which means that the coin has not decided which… Source link

Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), with $16.69 million in sales, equating to 7.998% of the $208 million in sales this week. Ethereum and Solana Lead NFT Sales Among Top 20… Source link

Input Output Global (IOG), the development team behind Ethereum (ETH) rival Cardano (ADA), is announcing the launch of a new toolkit that allows for the building of sidechains for the Cardano network. In a blog post, IOG says that the toolkit enables developers to build Ethereum virtual machine (EVM)-compatible chains with their own consensus algorithm and features. One such chain has already been created as a proof of concept, according to IOG’s announcement. “Using the… Source link

This week has been a remarkable one for cryptocurrencies, with Bitcoin and Ethereum both experiencing double-digit gains. The two largest digital assets by market capitalization have both advanced more than 20%, and the trend is likely to continue as they continue to consolidate before their next push higher. FTX, a cryptocurrency exchange that had suffered a major collapse, has managed to reclaim more than $5 billion worth of… Source link

The crypto market has been bullish this year, and most cryptocurrencies have registered a significant recovery from the December plunge. Ethereum (ETH) is one of the crypto coins that have posted impressive growth for the first two weeks of January. Ethereum had increased 27% in 2023 and had recovered most of the December losses to post a 20% upsurge for the past 30 days of this writing. However, looking at the charts and price predictions for the next few months, Ethereum still looks… Source link

A crypto strategist who correctly called Bitcoin’s 2018 bottom says the floor for the BTC bear market is already in. Pseudonymous analyst Smart Contracter tells his 281,500 Twitter followers that Bitcoin has managed to take out two diagonal resistances that have kept BTC in a downtrend for over a year. “This weekly BTC candle is solid AF breaking very key trendlines and low timeframe momentum is still going strong.”  Source: Smart Contracter/Twitter Looking at Smart… Source link

A popular trader known for staying steadily bearish throughout 2022 says the latest rallies mean nothing and another leg down is imminent. Pseudonymous trader Capo tells his 703,000 Twitter followers that his bearish outlook hasn’t been invalidated by the market’s big bounce, which has seen Bitcoin (BTC) rally 21%, Ethereum (ETH) 23% and many altcoins explode 30% or more in the past seven days. According to Capo, BTC is still unsuccessful in breaking its most critical… Source link

One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as nonfungible tokens (NFTs) or cryptocurrencies while enjoying the best of two or more platforms to save on fees, for example, or transact faster. The Avalanche blockchain is an interoperable, versatile platform and cryptocurrency network that addresses scalability,… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) The second week of the new year has been a heady week for the coins, with Bitcoin, Ethereum, and Solana racking up serious gains. Zooming in closer, however, the market’s biggest winners are none other than liquid staking tokens, also called “liquid staking derivatives” (LSD). The tokens behind projects like Lido Finance (up 50.3%) and Rocket Pool (up 23.3%) have absolutely soared over the last few days. The reason?… Source link

SINGAPORE, Jan. 14, 2023 /PRNewswire/ — Additional incentives from Multichain: Several Defi activities built on multiBTC offer competitive APY at leading yield platforms on Ethereum. Multichain also launched a boost bribe for LPs, offering further rewards in $MULTI. The bribe was live for two weeks till 5th January 2023, which increased the liquidity of the pools over $2 million. Second session has been launched on stakeDAO. Do not miss out this voting (Jan 12–19) and claim the juicy… Source link