Ethereum

The Ethereum price has been finding reasons to rally lately even as the broader cryptocurrency market stalls. The second-biggest cryptocurrency is up more than 3% in the last 24-hour period and has advanced by more than 10% in the last week. Investors are increasingly finding reasons to be bullish — including the launch of decentralized exchange (DEX) ShibaSwap and a bullish report out of Wall Street — and they are running with both catalysts. ShibaSwap Strengthens ETH Demand ShibaSwap was… Source link

Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest “real use potential” is Ethereum, suggesting its ETH could become the dominant digital store of value. As such, Goldman predicts the total market capitalization of ether (ETH) could overtake the total market cap for Bitcoin (BTC) in the coming years, according to a report in Business Insider.  “[Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on… Source link

Ethereum cryptocurrency owners have now staked more than $14 billion worth of their tokens on the Ethereum 2.0 network, Etherscan data shows. It marks a rise from around $13.5 billion staked on Monday, as reported by Markets Insider, which highlights the pace of the shift towards Ethereum 2.0. Ethereum 2.0 represents a fundamental change in how the Ethereum blockchain works. Staking explained In order to remain decentralized—that is, operating without a central authority—cryptocurrency… Source link

Bitcoin and ether are the two biggest cryptocurrencies. Yuriko Nakao Major upgrades to the ethereum network could help ether gain a reputation as a store of value, in a potential challenge to bitcoin, Danish investment bank Saxo has said. Developers on the ethereum network have launched an update that will change the way transaction fees work. After each transaction, part of the fee will be “burned”, destroying ether and limiting its supply. The changes, which are known as the “London… Source link

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have had a rollercoaster of a year so far. Over the past 12 months, Bitcoin’s price has surged by nearly 300%, and Ethereum is up by more than 900% — and that’s despite the massive downturn they’ve both experienced over the past few weeks. Now that cryptocurrency prices are falling, it can be a smart opportunity to “buy the dip” and invest in Bitcoin or Ethereum while they’re more affordable. But if you… Source link

Ether (ETH) could rise by almost 40% against Bitcoin in the coming trading sessions, according to one analyst.  So believes Michaël van de Poppe, an Amsterdam-based market analyst who predicts that the ETH/BTC exchange rate would climb from its current 0.05-0.06 sats range to as high as 0.07 sats soon. The technical chartist based his bullish analogy on the pair’s support level at 0.063 sats. The price floor was instrumental in maintaining ETH/BTC’s bullish bias during the mid-May 2021’s… Source link

Ether is the cryptocurrency of the ethereum network. Photothek/Getty Images Ether holders have “staked” more than $13 billion worth of the cryptocurrency on the ethereum 2.0 network, as excitement builds around the overhaul of the system and the potential growth of the staking industry. Network users have now staked more than 6.1 million ether, up from 5.3 million a month earlier. The total value of the staked ether was around $13.52 billion at Monday’s price, data from Etherscan… Source link

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Bitcoin Bitcoin, BTC to USD, rose by 1.53% in the week ending 4th July. Partially reversing a 2.55% loss from the previous week, Bitcoin ended the week at $35,276. After a mixed start to the week, Bitcoin rose to a Tuesday intraweek high $36,600.0 before hitting reverse. Falling short of the first major resistance level at $37,302, Bitcoin slid to a Friday intraweek low $32,700.0. Steering clear of the first major support level at $30,717, Bitcoin moved back through to $35,000 levels to deliver… Source link

EY, the multinational professional services network commonly known as Ernst & Young, has announced the company has contributed a set of tools for privately managing transactions on the Ethereum network. EY’s global media relations executive Joanna Hardy explained on Thursday how the company’s protocol helps ethereum transaction fees become more affordable and it enables the private transfer of ether. Professional Services Giant and Big Four Member EY… Source link