Ethereum

Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s $308 billion. The market cap figure is achieved by multiplying the last trade price by the total outstanding number of coins, regardless of whether they’ve been moved. Therefore, it seldomly reflects the average price… Source link

Feeling a twinge of regret for ignoring the crypto market until now? These numbers aren’t going to make you feel any better. Cryptocurrency is booming right now, and it seems to be all anyone in finance wants to talk about. Those of us who are just starting to pay attention now are probably kicking ourselves for ignoring the opportunity years ago — when it would have been much cheaper to dip our toes in the water. How much was ETH worth 5 years ago? Ethereum is a decentralized blockchain (a… Source link

Ethereum, the second-largest cryptocurrency after bitcoin, has shot higher this week, adding a staggering 25% to its already huge recent gains. The ethereum price, now within touching distance of $3,000 per ether, has been boosted by the European Investment Bank’s (EIB) debut digital bond sale, issued on the ethereum blockchain, and praise from Wall Street giant and bitcoin convert JPMorgan JPM . However, even as ethereum investors and developers celebrate the soaring ether price,… Source link

The biggest challenger to Bitcoin’s claim to the throne of cryptocurrency – Ethereum (ETH) – set yet another all-time high today as it charged towards $3,000. Stopping just $50 short of the hugely psychological landmark figure, Ether continues to steamroller its way towards flattening Bitcoin’s market dominance of cryptocurrency. Bitcoin, currently levelling off after an impressive return above $57,000, appears to have temporarily lost momentum after climbing sharply… Source link

As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise. Some analysts might dismiss Ether derivatives, considering CME’s future has $355 million in open interest compared to Bitcoin’s $2.4 billion. However, Ether contracts were only launched a couple of months ago. Both FTX and Deribit require 100% full-KYC for their clients, and these markets… Source link

You may have heard a lot about Ethereum, a form of cryptocurrency that’s been around since 2015 and was created as an alternative to Bitcoin. Here’s what you need to know about it in a nutshell. First, Ethereum is not actually the name of the cryptocurrency. Rather, it’s the name of a specific blockchain, a decentralized distributed electronic ledger that keeps track of all transactions in a public manner, as well as the name of a programming language to run and develop upon that blockchain.

It looks like Ethereum (CRYPTO:ETH) will continue to consolidate in the near term. Securities tend to make rapid and large moves higher after they break resistance levels. At these levels, there are large groups of sellers. If the level “breaks,” it means these sellers have finished. With this large amount of supply off the market, buyers will need to pay higher prices. This is what causes rallies. See Also: Here’s Why JPMorgan Believes Ethereum Will Continue… 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. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

Ethereum (CRYPTO:ETH) continues to power higher, hitting a new all-time high Thursday. Ethereum peaked at $2,800 and continues to have the second-highest market cap of cryptocurrencies behind Bitcoin (CRYPTO:BTC). The continued rise may be due to the potential in staking rewards for Ethereum 2.0. Below is a technical analysis of the crypto’s chart. Ethereum Daily Chart Analysis Ethereum broke out of an ascending triangle pattern and was able to retest the… Source link

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