Ethereum

At the outset, everyone should understand that cryptocurrencies fundamentally differ from stocks. Stocks have intrinsic value — they represent a real piece of a physical business. In the short term, stocks can swing up and down for no apparent reason, but long-term, as a company’s intrinsic value increases or… Source link

Ethereum Ethereum rose by 0.86% on Thursday. Following an 8.30% rally from Wednesday, Ethereum ended the day at $643.37. A mixed start to the day saw Ethereum fall to an early morning low $634.02 before making a move. Steering well clear of the first major support level at $599.60, Ethereum surged to a late afternoon intraday high and a new swing hi $677.05. Ethereum broke through the first major resistance level at $657.97. Coming within range of the second major resistance level at $677.96,… Source link

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Benzinga Watch Out, Elon Musk. These EV Startups Are Trying To Take On Tesla With a $145.9 billion fortune at press time Elon Musk, the founder of the electric car manufacturer Tesla Inc (NASDAQ: TSLA), has added more than $100 billion to his net worth since January 2020. Tesla’s shares have been going up, beating every analyst’s expectations and common sense, while its market capitalization reached $600 billion on Dec. 7. The company is aiming to sell 500,000 battery-powered vehicles by the… Source link

Ethereum Ethereum rallied by 8.30% on Wednesday. Following on from a 0.46% gain on Tuesday, Ethereum ended the day at $637.98. A bearish start to the day saw Ethereum fall to a mid-morning intraday low $581.21 before making a move. Steering clear of the first major support level at $579.81, Ethereum surged to a late intraday high and a new swing hi $639.58. Ethereum broke through the day’s major resistance levels and the previous current year’s high of $636.53. In spite of a partial pullback,… Source link

The year 2020 has been nothing short of spectacular for Ethereum. Between Ethereum 2.0 and the quest for scalability, the decentralized finance explosion, and the successes of interoperability and money settlement — just to name a few — the richness of narratives underpinning Ethereum has arguably surpassed Bitcoin itself. Whereas Bitcoin is the reliable, stoic uncle, Ethereum can be described as the maverick cousin of the crypto world. But of course, a volatile environment hits hard both… Source link

Leading cryptocurrency bitcoin has been getting most of the headlines lately, but it isn’t the only one that has been rallying in 2020. Ethereum (ETH), the second largest cryptocurrency, has also performed extremely well. In fact, Ethereum has performed even better than bitcoin in 2020. While bitcoin’s value is… Source link

Three weeks into its launch, Ethereum 2.0 is close to tripling its initial deposit threshold of 524,288 ETH. These deposits made in increments of 32 ETH represent the stake of active or soon-to-be active validators on the network.  Data as of Dec. 15 @19:31 UTCSource: Dune Analytics and BeaconScan In order for Eth 2.0 to progress to its next phase of development, the new, recommended minimum number of validators is 262,144, which multiplied by a stake of 32 ETH would also mean a minimum… Source link

Ethereum has many fundamental catalysts that could push its value upwards in the short term. Eth2, the strength of the decentralized finance (DeFi) market, and high decentralized exchange (DEX) usage are some positive factors. But, against Bitcoin on the ETH/BTC chart, ETH is showing signs of short-term struggle. Why ETH Could Stagnate Against Bitcoin, Not Against The Dollar Some high-net-worth investors in the cryptocurrency market prefer to denominate their holdings in Bitcoin.  As… Source link

Ethereum address creation hit a 35-month high on December 14 when 177,000 new addresses were added to the network according to analysts from Santiment. The analytics provider reported that its network growth metric showed Ethereum adding 177,500 addresses in a single-day on Saturday, Dec. 12. The amount of new #Ethereum addresses hit a single-day, 35-month high Saturday. Our network growth metric picked up $ETH reaching 177.5k addresses created. Notably more addresses interacting on an… Source link