Ethereum

Ether underpins the affiliated Ethereum Network, the dominant blockchain used for thousands of decentralized applications. By Eric Lam and Crystal KimBloomberg Published On 29 Oct 2021 Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding the most used blockchain network. The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New York…. Source link

What happened  The value of most cryptocurrencies jumped again on Friday to end an outstanding week for the value of crypto.  Ethereum (CRYPTO:ETH) was the largest cryptocurrency to make a big move, climbing 5.9% over the last 24 hours to $4,440. Dogecoin (CRYPTO:DOGE) actually dropped 7.6% as it has fallen out of favor with meme crypto investors. Axie Infinity (CRYPTO:AXS) jumped a whopping 19.2% in a big metaverse bet by traders.  Image source:… Source link

The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460.  ETH/USDT 4-hour chart. Source: TradingView Here’s what anlaysts are saying about the market now that Bitcoin is finding support above the $60,000 level and Ether looks to enter price discovery. Bulls think BTC could hit $90,000 The bullish moves seen in BTC and Ether caused a moment of… Source link

SOPA Images/Getty Ether, the cryptocurrency minted on the Ethereum blockchain, is the… Source link

Ethereum is still far ahead in market share as it hosts 69% of DeFi applications and has a total value lock of $135.05bn. Photo: Mateusz Slodkowski/SOPA Images/Sipa USA In mid-October, the Binance Smart Chain (BSC) received a cash injection of $1bn (£725.5m) to encourage widespread engagement by both users and developers. This billion-dollar adoption drive has placed pressure on competing crypto networks, particularly Ethereum, the world’s largest and most established blockchain for… Source link

The price of Ethereum (ETH) has bounced to a new all time high (ATH) today as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexs on Coinbase and Coinmarketcap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. Coinmarketcap’s price index indicates that the previous ATH was only eight days ago, with the asset reaching a price of $4,308.48 on Oct. 21. ETH has been on a bullish tear since… Source link

Ether (ETH) has gained 950% in 2021 and from the look of things, the altcoin has no intention of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls. The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call option for Oct. monthly expiry was trading at ETH 0.082 which is equivalent to $320. Unfortunately, for the bulls,… Source link

Traders are positioning for a surge in ethereum prices, betting that Wall Street’s top securities regulator will next year give the go-ahead for a US exchange traded fund tracking the world’s second-biggest cryptocurrency. Pricing in options, tools that let investors bet on future movements in financial assets, suggest market participants are wagering that ethereum will more than treble to $15,000 by March next year. The move comes a week after the Securities and Exchange… Source link

Since EIP 1559 was implemented on Aug. 4, 620,000 ETH at a market value of $2.6 billion has been burned through transaction fees. Using that burn rate and the current network demand metrics, Ethresear.ch found that around 2.5% of ether’s circulating supply would be burnt annually. Under proof-of-work, the 2.5% burn only offsets a portion (~39%) of ether’s emission schedule. However, emissions fall drastically post-Merge, potentially even making the asset deflationary. Source link