Ethereum

A widely followed cryptocurrency trader is urging traders to be cautious about an altcoin that has skyrocketed to a new all-time high this year. Despite Aptos’ (APT) “absolutely insane” triple-digit percentage point increase over the last two weeks, the pseudonymous analyst Kaleo tells his 559,500 Twitter followers that the smart contract-enabled blockchain is likely to sell off against the US dollar. According to Kaleo, Aptos is also likely to sell off heavily when paired… Source link

Polygon’s native MATIC token has soared 8.3% overnight to $1.08, as per CoinGecko data, while the overall crypto market cap has held steady above the key $1 trillion mark.  This makes Polygon the tenth-most valuable cryptocurrency with an overall market capitalization of $9.6 billion, above Solana with $745 million, but below Dogecoin with $11.8 billion.  Polygon is a collection of scaling technologies built to improve Ethereum’s scalability.  Prior to its rebrand, Matic Network focused… Source link

NAB, the 2nd largest bank in Australia, is launching a stablecoin on Ethereum (ETH) that will be used to facilitate payments and other financial transactions. Elsewhere in the industry, Bitcoin (BTC) is showing promising price increases in the midst of a bear market which is hopefully showing signs of ending whilst Orbeon Protocol (ORBN) is pushing forward with its presale, where millions of tokens have already been purchased. >>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum… Source link

Ethereum scaling tool Polygon’sMATIC token has surged 12% over the past 24 hours, continuing its strong momentum this year. MATIC was recently trading at $1.11. It is up 48% since Dec. 31 amid a spike in daily transactions that have made the blockchain the second largest for daily active users (DAU), according to data from Token Terminal. The rally comes amid a January upturn in the crypto market that has seen Aptos’ APT token skyrocketing more than 400%, Fantom’s FTM jumping about 145%… Source link

“We are seeing mass TVL increases for riskier projects and early stage applications,” Storry said. “In a bear market investors are more conservative and don’t want to take on huge risk, but now prices have picked up a little, they are more open to newer and riskier ecosystems like Polygon.” Source link

Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is in for some tough days ahead despite its price surge this month. Cowen tells his 783,000 YouTube subscribers that he believes it is likely ETH will drop to the $600-800 range, a roughly 50-60% fall from current prices. Ethereum is trading at $1,579 at time of writing. The second-ranked crypto asset by market cap is down by more than 2% in the past 24 hours but up nearly 4% in the past week. Cowen says ETH’s price… Source link

Crypto markets are in the red today, but not for Polygon, whose MATIC coin is surging. It has now flipped Solana for a crypto top ten position.   Polygon is now a top ten crypto asset in terms of market capitalization, which is $9.7 billion. The Ethereum layer-2 scaling network has gone from strength to strength this year. According to Token Terminal, daily active users on Polygon have surpassed those on Ethereum. BNB Chain is the top blockchain for daily active users, with almost 800,000,… Source link

Aave Stablecoin Expected to Boost Revenue Aave, the largest decentralized lending protocol, is expected to launch on Friday the latest version of its software on Ethereum, a move that will pave the way for its stablecoin, GHO. AAVE token holders must approve the move in a vote that ends Wednesday at 5 p.m. New York time, though the measure is expected to pass. Fewer than a tenth of one percent of votes cast were in opposition on Tuesday evening. Kuchelov Interview In an interview with The… Source link

What happened The crypto market has taken a breather after a nice rally this year, with the price of the world’s largest cryptocurrency, Bitcoin (BTC -1.10%), falling back to roughly $22,500 after briefly topping $23,000 earlier this week. Since late afternoon yesterday, the price of the second-largest cryptocurrency, Ethereum (ETH -4.12%), traded roughly 4.5% lower as of 10:56 a.m. ET today. Meanwhile, the price of the large meme tokens Shiba Inu (SHIB -5.55%) and Dogecoin (DOGE -4.49%)… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link