Ethereum

Arman Shirinyan Second biggest cryptocurrency on market is making serious moves The sudden move of $600 million toward Coinbase has created a strong price spike on the second biggest cryptocurrency on the market. In the last 24 hours, Ether’s price reached the $1,250 threshold, which could become a foundation for a run toward $1,300. As we mentioned previously, Ethereum has shown a lot of resilience during the FTX-fueled crash on the market and barely even touched the $1,000 support… Source link

In the wake of The Merge, Ethereum (ETH 2.47%) faces new questions about where it is headed next. Some of the much-hyped Ethereum improvements that were supposed to happen as a result of The Merge may take a lot longer to materialize than many people thought. People are realizing that The Merge was just the first stage in a multi-stage process. On Nov. 4, Ethereum co-founder Vitalik Buterin unveiled an updated roadmap and it includes a new, additional stage. As a result, the full path to… Source link

Bitcoin is down nearly 20% in seven days to trade at $16,789 as a result of the FTX bankruptcy, which has caused market chaos and risk-off sentiment. Ethereum, the second-most valuable cryptocurrency, on the other hand, has plunged over 20% in the last seven days to trade at $1,252.20. The global crypto market cap fell over 4% to $810.59 billion on the previous day, sending major cryptocurrencies into the red early on November 14…. Source link

Alex Dovbnya The Dogecoin Foundation has received another donation from Ethereum co-founder Vitalik Buterin Ethereum co-founder Vitalik Buterin has donated 20 million Dogecoin (DOGE) to the Dogecoin Community. At press time, the cryptocurrency is trading at $0.085, according to data provided by CoinGecko.  It is yet to be announced how the donation will be used by the non-profit organization.  This is not the first contribution made by Buterin. As reported by U.Today, the foundation… Source link

As the Ethereum Beacon Chain reached its second birthday in mid-September this year, Ethereum officially transitioned over to proof-of-stake (PoS) from the proof-of-work consensus model. According to recent data from the Beacon Chain, the number of active validators has reached 442,458, and the total amount of staked Ether (ETH) has exceeded 14 million. According to the Ethereum consensus mechanism design, validators who stake their ETH and perform signature tasks receive an income of around… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject In the days leading up to the beginning of 2023, the native token of Ethereum, Ether (ETH), is expected to witness a significant price increase in comparison to its primary rival, Bitcoin. The “cup-and-handle” pattern, which is well-known in technical analysis, contains the majority of the bullish… Source link

Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. According to Ultrasound Money, the annual inflation rate has fallen to -0.032/year, which indicates that the network is now burning more Ethereum than its minting. The negative inflation rate has decreased Ethereum’s net supply by 5,598 since Ethereum switched to proof-of-stake consensus on September 15.  Within a 7-day timeframe, Ethereum has burned 1,044k tokens… Source link

October was a terrific month for the second-largest cryptocurrency by market capitalization, as even during a challenging macroeconomic environment Ethereum ($ETH) saw its price surge by 18.4% after several positive developments for the cryptocurrency. According to CryptoCompare’s latest Asset Report, during the month of October, the price of Ethereum rose 18.4% while the flagship cryptocurrency Bitcoin ($BTC) rose 5.49. The S&P 500 index, meanwhile,… Source link

The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash.  Ether turns deflationary for real As of Nov. 9, more Ether tokens are being burned than created as a part of Ethereum’s fee-burning mechanism. Simply put, the more on-chain transactions, the more ETH transaction fees get burned.  On a 30-day timeframe, the… Source link

Arman Shirinyan Ethereum remains winner on market despite massive crash and devastation The FTX tragedy left multiple coins on multiple markets in the dust as the exposure the exchange had and provided could not pass unnoticed by any major cryptocurrency project. However, the reactions and behavior of Ethereum on the market is something not everyone would have expected. The nosedive the cryptocurrency market took between Nov. 7 and 9 was devastating, with most assets tanking by 20% ,… Source link