Ethereum

Ethereum network’s large wallet investors are betting on ETH price drop to the $400 level via put options.  An order has been placed for 26,000 ETH put options with a strike price of $400, the options expire on June 30, 2023.  ETH price needs to break past resistance between the $1,300 and $1,400 level to break out of its downtrend.  Ethereum, the second-largest asset by market capitalization, is at the risk of decline. Based on options data, ETH is likely to… Source link

ETC’s price has grown by 28% in the last week. Price chart readings, however, revealed that the alt is overbought.  Ethereum Classic [ETC] had a strong week, with its price increasing by 28.60%, according to data from CoinMarketCap. This made it one of the top-performing cryptocurrencies, along with Lido [LDO], which saw a price increase of 55%, and Solana [SOL], which had a rally of 35% within the same period. Read Ethereum Classic’s [ETC] Price… Source link

Yuri Molchan Massive order of ETH put options bought with strike price of $400 Chinese crypto journalist and blogger Colin Wu has tweeted that some crypto whales are believed to have bet on Ethereum to plunge to the $400 level via put options. Wu cited @Blofin_Official, the account that shared the crypto analytics data. According to their tweet, an order has been placed of 26,000 Ethereum put options. The strike price for it was set at $400, the options will expire June 30 this year. The… Source link

To say that last year was a difficult one for the cryptocurrency industry would be an understatement, as the entire market lost roughly 64% of its value in 2022. Things were little different for Ethereum (ETH 1.65%), and the popular digital asset dropped 68% during the year. Investors are wondering if things will turn around in 2023.  Based on Ethereum’s recent price of about $1,265, a $2,500 price target implies roughly a 100% gain for the world’s second-most valuable cryptocurrency by… Source link

Notorious Shiba Inu (SHIB) killer Bonk (BONK) has continued to surpass previous milestones, including surpassing the total number of transactions on the Ethereum (ETH) network, and is maintaining its stellar start as a meme coin. A tweet from the meme coin’s official account claims that in the last 14 days, the token has processed 4,623,518 transactions, which is more than twice as much as Ethereum’s 1,831.79 million transactions. As the first token on the Solana blockchain network to be… Source link

Peera_Sathawirawong/iStock via Getty Images One of the more interesting crypto tokens to explore this crypto winter might be Ethereum Name Service (ENS-USD). It is a domain protocol built on the Ethereum (ETH-USD) blockchain. In this article, we’ll look at what Ethereum Name Service is, the tokenomics of the coin, and the strength of the Ethereum Name Service DAO. What is Ethereum Name Service? Simply put, Ethereum Name Service is a domain provider built on public blockchain rails. One can… Source link

A popular crypto strategist known for selling Bitcoin (BTC) at its peak says Ethereum (ETH) is showing unprecedented strength against the king crypto. Pseudonymous analyst DonAlt tells his 449,100 Twitter followers that the smart contract platform is dominating other altcoins in its price ratio with BTC. “There has never been a coin in crypto history that has been so dominant against BTC over this kind of timeframe. I’m honestly impressed. This is the kind of dominance you… Source link

The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion. Toward the end of 2020 and early 2021, the COVID-19-induced quantitative easing across global markets was in full effect, causing a mega-bull run… Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

Grayscale Investments STAMFORD, Conn., Jan. 06, 2023 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale® DeFi Fund (OTCQB: DEFG) (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective fourth quarter 2022… Source link