During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to do a variety of different decentralized finance (defi) techniques. Interestingly, a great deal of bridges connect to the… Source link
Read More »Ethereum price favors the bulls but ETH topside is capped at $4,000
Ethereum (ETH) came off $4,100 at the end of August and looked for support. ETH support came in the first week of September around $3,018. The correction was an excellent opportunity for buyers to step in and make future ETH price action in favor of bulls. Ethereum (ETH) hit a curb at the beginning of September. With the full retrace of the profitable price action the week before, a descending trend line formed and is limiting further expectations to the upside…. Source link
Read More »Ethereum killers or just pretenders? But Ether remains king for now
The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum network: smart contracts. Keeping this in mind, the most prominent blockchain networks by market capitalization that usually… Source link
Read More »Vitalik Buterin created a ‘fellowship of the ring’ to build ethereum. But the founders have a history of feuds and are now competing for crypto dominance.
Vitalik Buterin Vitalik Buterin dreamed up ethereum in 2013. Getty Images/John Phillips Vitalik Buterin has compared the eight founders of the ethereum blockchain to JRR Tolkien’s close-knit “fellowship of the ring”, according to the Financial Times. Yet, the story of the group is one marked by feuds and competition, with two members splintering off to create ethereum rivals cardano and polkadot. Buterin recently said choosing seven other founders “nondiscriminately” to build the… Source link
Read More »Ethereum Above $10,000 Is Already ‘Programmed Into the Matrix,’ Says Crypto Trader Lark Davis
Cryptocurrency trader and YouTube influencer Lark Davis says Ethereum (ETH) is poised for a 190% rally en route to hitting a five-figure price. In a new video, Davis tells his 431,000 YouTube subscribers that the second-largest crypto asset by market cap is preparing to appreciate to above $10,000 based on key fundamental factors. Davis says one of the reasons why Ethereum is set to more than double in price is its falling supply in exchanges. According to Davis, the supply of… Source link
Read More »Bitcoin, Ethereum, Crypto News and Price Data – Coindesk
“Cards 17, 18 and 19 were all initially misprinted, but there was a mistake that made 18 and 19 unsellable,” explained Uhrig. “Back in 2017, nobody cared that you had test code on Ethereum. We just re-deployed all three after fixing [the error]. People eventually found [card #17b] because it lives on the blockchain. The market has definitely spoken, people think of it as an essential in a full set.” Source link
Read More »Ether should be 55% lower and is facing tough competition from solana and other blockchains, JPMorgan strategist says | Currency News | Financial and Business News
The cryptocurrency ether runs on the ethereum network. Dado Ruvic/Reuters Ether’s fair value is around $1,500 based on measures of network activity, a JPMorgan strategist has said. That’s roughly 55% lower than Friday’s price of around $3,470 for ethereum’s token. Nikolaos Panigirtzoglou said ethereum is facing growing smart-contract competition from other blockchains. See more stories on Insider’s business page. Ether’s fair value is around $1,500 based on measures of… Source link
Read More »Bitcoin, Ethereum, Crypto News and Price Data – Coindesk
Analysts at Standard Chartered expect the Fed to announce the taper next week after the Federal Open Market Committee meets. “The 22 September FOMC will likely signal a tapering decision at the next meeting, providing few details. The [interest rate] dots will likely signal one 2022 hike, and two added hikes in both 2023 and 2024. The risk skew is for more rather than less hikes; the added hawkish lean in not fully priced, in our view,” the bank’s analysts noted, according to efxnews.com. Source link
Read More »Ethereum options data suggests the battle for $4K ETH is at least a week away
For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel. Ether price at Bitstamp in USD. Source: TradingView In August, nonfungible tokens posted record-breaking transactions, clogging the Ethereum network and causing average transaction fees to surpass $40 in early September. Although NFT trading volume… Source link
Read More »Ethereum eyes $6.5K bullish target as ETH price chart paints ‘Cup and Handle’
Ethereum blockchain’s native asset Ether (ETH) faces the prospect of exploding towards $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “Cup and Handle.” In detail, a Cup and Handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.” The move follows a… Source link
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