Ethereum

A popular crypto analyst says layer-2 projects built on Ethereum (ETH) will likely dominate the crypto payments space in 2023. In a new YouTube strategy session, pseudonymous Coin Bureau host Guy tells his 2.19 million subscribers that using crypto for payments will become more popular this year. “My fifth crypto prediction for 2023… that’s that crypto payments will become more common. This will again be due to a combination of better frontends, regulatory clarity increasing… Source link

Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up following the New Year’s celebrations. This comes as traders turn their attention to tomorrow’s Federal Open Market Committee (FOMC) minutes report. Ethereum also continued to trade above $1,200 in today’s session. Bitcoin Bitcoin (BTC) edged closer to the $17,000 level on Tuesday, as traders turned their attention to Wednesday’s FOMC minutes report. BTC/USD hit a high of $16,760.45… Source link

Among the countless criticisms of crypto that emerged during its rise over the last several years, the environmental footprint of major blockchains like Bitcoin and Ethereum has been a major sticking point. But for Ethereum, those concerns are no longer valid thanks to a blockchain upgrade called “the Merge” that Ethereum’s global network of developers implemented on September 15, following years of planning and delays. The Merge changed what security model Ethereum uses to process the… Source link

Vitalik Buterin, the founder of smart contract protocol Ethereum (ETH), is breaking down what he’s bullish on for 2023. The crypto pioneer says that he’s hopeful Ethereum will reach the “basic roll-up scaling” milestone in his roadmap diagram shared on Twitter. Buterin says that milestone includes rolling out Ethereum Improvement Proposal (EIP) 4844. Explains EIP-4844’s website, “EIP-4844 introduces a new kind of transaction type to Ethereum which accepts ‘blobs’… Source link

“Shorts have stacked on (in LDO) following the outperformance in hopes that early investors sell (as per on-chain evidence),” crypto hedge fund Ouroborus Capital told CoinDesk. “However, it is likely as well that shorts can be squeezed, ushering another leg up as these on-chain sellers were merely closing their perp shorts/spot longs.” Source link

The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest. According to data from Nasdaq and Ycharts shared on Reddit on Jan. 2, there were 338% more Ether (ETH) transactions in 2022 (408.5 million) Bitcoin (BTC) ones (93.1 million). ETH vs BTC transaction volumes – Nasdaq/Ycharts via Reddit The values shown in the chart are in millions of transactions, with the average… Source link

Over the past week, the crypto market has been relatively stagnant, with Bitcoin and Ethereum failing to make significant gains. However, some alternative coins have seen a steady recovery during this time. Despite ongoing market volatility and a decline from its highs, OKB has managed to hold strong above the $23 support level in the past week. However, the past few weeks have been promising for OKB, and the token saw an incredible increase. Source: CoinMarketcap OKB Chart Earlier last month,… Source link

Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance. Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a fresh decline if it stays… Source link

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