Ethereum

The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback.  After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback. The deep correction in Ether comes as a surprise because of the Ethereum 2.0 network upgrade launch. On Dec. 1, the Eth2 Beacon Chain released on the mainnet, marking an important… Source link

The first stage of the next-generation proof-of-stake (PoS) Ethereum 2.0 is now live as of 12:00 UTC Tuesday, according to Beaconcha.in. A generalized blockchain for decentralizing computer-based applications – from iPhone games to government bonds – Eth 2.0 has been under construction since the genesis of the current proof-of-work (PoW) network in 2015. Tuesday’s launch concludes the opening act, or “phase 0,” of Ethereum’s consensus mechanism transition, which will see the… Source link

TORONTO–(BUSINESS WIRE)–Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO:ETHC) announces that it has begun participating in staking on the newly launched Ethereum 2.0 network and has committed to running a validator node on the network. Ether Capital’s validator has been running since Ethereum 2.0’s genesis block which was confirmed at approximately 7:00am ET on December 1, 2020. Ethereum has begun the transition to a “proof of stake” protocol,… Source link

Ethereum 2.0 genesis stakers have pushed the total number of Ethereum nodes past the number of Bitcoin nodes for the second time this year. According to Ethernodes.org, 11,259 Ethereum nodes are currently active, giving it a roughly 1% lead over Bitcoin’s 11,136. Ethereum’s node count last surpassed Bitcoin’s in early September. The number of Ethereum nodes has increased by more than 50% in the past two weeks or so, spiking from 8,086 on Nov. 15 — 11 days after the Eth2 deposit… Source link

12:00:23 GMT, December 1, 2020. This is the time and date set aside for Ethereum 2.0’s genesis block – representing the biggest upgrade to Ethereum’s network since its inception, and possibly the largest for any established cryptocurrency. But what does the arrival of 2.0 mean for investors? In early November, the Ethereum Foundation commenced the first process of the long-awaited Ethereum 2.0 upgrade specifications, detailing the rules of the genesis phase 0. The phase… Source link

Source: Inked Pixels – Shutterstock Analyst Lark Davis predicts, that Ethereum, XRP, AAVE, AXS and Polkadot will rise in december. The DeFi market and all protocols could see a strong growing adoption in the next months. With the crypto market looking to recapture the momentum it lost towards the end of last week, investors are on the prowl for profit opportunities to pounce on. Lark Davis, a crypto influencer and analyst, has revealed some top digital assets for investors to watch as 2020… Source link

Why Crypto: Valuation by Productivity Traditionally stocks are evaluated through discounted cash flows, or by comparing PE ratios from different sectors. This works well for some “first-derivative” value stocks when you have a reasonable idea of top and bottom line trajectory. Another way you can calculate value is by looking at the total market size and predicting market share. For example, assuming the EV market is $160B and it grows at a CAGR 22.6% for the next 5 years, you can… Source link

Why Crypto: Valuation by Productivity Traditionally stocks are evaluated through discounted cash flows, or by comparing PE ratios from different sectors. This works well for some “first-derivative” value stocks when you have a reasonable idea of top and bottom line trajectory. Another way you can calculate value is by looking at the total market size and predicting market share. For example, assuming the EV market is $160B and it grows at a CAGR 22.6% for the next 5 years, you can… Source link

Director of DTC Capital has presented 8 fundamentals that indicate the beginning of a bull market for Ethereum (ETH). The number of Ethereum whales, owning more than 10,000 ETH, has reached an 3-month high of 1,062.  The upcoming week will host one of the most important events for Ethereum ever. On December 1st, the beginning of phase 0 of the Ethereum 2.0 will take place. The event could push ETH to new all-time highs and for now, analysts are highly bullish about it and the strong… Source link

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly coming to a close and the digital asset of Ethereum (ETH) is once again above $500. At the time of writing, Etheruem is trading… Source link