Ethereum

Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized application (DApp) developers due to its flexibility, the vast range of developer tools available and… Source link

Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized application (DApp) developers due to its flexibility, the vast range of developer tools available and… Source link

Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethereum developers and influencers stepped in to conclude the situation, calling it FUD. Recent price corrections triggered by the collapse of FTX exacerbated fears and uncertainty within the already-rocky cryptocurrency industry. Speculation can inject further anxiety, as is the case here.  An… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto prices were a mixed bag this week. But as of Saturday morning, only a couple of the top 20 coins by market cap are not in the green over the past seven days. That begs the question: have the brutal effects of the recent FTX disaster subsided? Bitcoin (BTC) remains virtually unchanged since seven days ago. It’s down 0.30% from a week ago, according to CoinGecko data, and currently trades at $16,592. Earlier in the week, it… Source link

Ethereum (ETH 2.31%) has followed the same path as the general cryptocurrency market this year. And that’s downward. The general market fell to about $800 billion in value from more than $3 trillion a year ago. Ethereum, the world’s second-biggest cryptocurrency player, is heading for a 68% annual decline. This has been tough on Ethereum investors. But the good news is this performance isn’t a reflection of the top cryptocurrency’s potential. In market downturns, investors tend to favor the… Source link

Ethereum’s market cap fell below stablecoins’ market cap  The number of transfers and fees declined The FUD (fear, uncertainty, and doubt) surrounding the crypto market is the reason why the community has been looking for “stability” over the last few days. In a tweet posted by Glassnode, it was revealed that Ethereum’s market cap fell below the overall stablecoin market cap in the last few days. During the chaos of the last few weeks, the #Ethereum market cap… Source link

Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200. Bitcoin Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday. Following a high of $16,641.32 on… Source link

The latest update for ConsenSys’ Infura API tool has caused a big outcry in the Ethereum community. As was announced yesterday, Infura will start collecting and assigning IP and Ethereum addresses of MetaMask users with immediate effect. ConsenSys had informed about this on November 23. However, in a blog post, the company downplayed the changes. It said that only “clarity in relation to the information collected by Infura when users use Infura as their default RPC provider in… Source link

Ethereum started a decent recovery wave above $1,180 against the US Dollar. ETH could start a fresh decline if it stays below the $1,250 resistance. Ethereum struggled to gain pace for a move above the $1,230 resistance level. The price is now trading above $1,170 and the 100 hourly simple moving average. There is a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if there is no clear… Source link

Arman Shirinyan Second biggest cryptocurrency’s volatility should return to normal thanks to these factors Contents Three sources of action Bitcoin might face some selling pressure Ethereum has been stagnating on the market in the last 12 days, most likely because of nonexistent derivatives open interest and a high level of fear among retail traders and investors. However, things may change next week, and here’s why. Three sources of action The first factor that investors should… Source link