Ethereum

Ethereum network fees have fallen to their lowest levels this year as the crypto markets continue to consolidate. One of the few advantages of a down-trending market is a decline in demand for Ethereum and the resultant drop in gas fees. According to BitInfoCharts, the average transaction fee on the Ethereum network has fallen to $3.70 — its lowest level since the end of December 2020. The gas slump comes less than a month after average fees for transactions hit an all-time high of $70. This… Source link

Tesla TSLA billionaire Elon Musk, after helping the bitcoin price reach never-before-seen highs this year with a $1.5 billion bet on bitcoin, appears to have abandoned the cryptocurrency for ethereum and meme-based dogecoin. “I pretty much agree with Vitalik,” Musk posted to Twitter this week, replying to a wide-ranging YouTube interview with the ethereum cofounder Vitalik Buterin by AI researcher and podcaster Lex Fridman. In the interview with ethereum’s de facto leader, Fridman… Source link

It’s the world’s second-biggest cryptocurrency, and it could be the one with the most potential. If you’ve been looking for cryptocurrencies besides Bitcoin to invest in, then Ethereum has probably been on your radar. Technically, Ethereum is a programmable blockchain, and its cryptocurrency is called Ether. People often refer to the cryptocurrency as Ethereum, though. Regardless of the term you use, Ethereum is one of the most exciting cryptocurrency projects. It offers quite a bit that… Source link

By Yasin Ebrahim Investing.com – is still well below its May highs, but a hotly anticipated update expected in the coming weeks could pit it against bitcoin as a destination for institutional dollars seeking a hedge against inflation. “The main goal of the 1559 Ethereum improvement proposal, or the London fork [expected to kick off July] is to change how users make transactions on Ethereum, and we believe that it should be very positive for the price of ETH,” Amber Ghaddar, PhD,… Source link

After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%. DeFi growth supports higher… Source link

Key Takeaways Crypto prices plummeted Thursday after Elon Musk posted a tweet suggesting he’d broken up with Bitcoin. Bitcoin, Ethereum, and various DeFi tokens are in the red. The crash liquidated $600 million worth of futures positions in the crypto derivates market. Share this article The cryptocurrency market slumped Friday morning after Elon Musk called an end to his love for Bitcoin.  Elon Musk Shakes Bitcoin Price  Bitcoin’s price dropped 7.6% from yesterday’s $39,250… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Show Support: It’s Not Too Late To Nominate Your Favorite… Source link

Bitcoin and cryptocurrency prices have fallen sharply over the last month, with the combined cryptocurrency market losing around $1 trillion in value. The bitcoin price dropped from over $60,000 per bitcoin to under $35,000 from mid-April through to mid-May. Ethereum, the second-largest cryptocurrency by value after bitcoin, lost half its value in just two weeks as its price tanked in the aftermath of the bitcoin sell-off while ethereum rivals cardano and Binance’s BNB also crashed. … Source link

Ethereum Classic (CRYPTO:ETC) is the original version of Ethereum (CRYPTO:ETH) that uses the proof of work platform. This is slightly different from the new version of Ethereum that runs on a proof of stake platform. Ethereum Classic now runs as an altcoin on the Ethereum chain. Ethereum Classic was up 0.20% at $68.43 at last check. Below is a technical analysis of Ethereum Classic’s chart. Ethereum Classic Daily Chart Analysis: Ethereum Classic… Source link

A common critique of Bitcoin (CRYPTO:BTC) is that it is outdated technology in the fast-moving world of cryptocurrency and it will eventually be replaced by something better. There are different versions of this theory, with some saying another decentralized cryptocurrency will overtake bitcoin as the best crypto money and others saying bitcoin will eventually be made obsolete by central bank digital currencies (CBDCs). Let’s focus on the former… Source link