Ethereum

Ethereum [ETH] has been on the receiving end of a lot of sell pressure, especially post the Merge. However, even after Ethereum’s decline in prices, validator interest and revenue had a different picture to convey. ____________________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Ethereum for 2022-2023. ____________________________________________________________________________________________ It should be noted that… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Considering the carnage in U.S. stocks on Friday, perhaps crypto investors should feel lucky to escape the week with Bitcoin and Ethereum basically flat. It was the second consecutive week of flat crypto prices. Bitcoin rose just 1.2% over the past seven days, while Ethereum inched up 0.3%, according to CoinMarketCap.  Bitcoin in particular had a volatile week. On Monday, research by Kaiko found that the correlation between… Source link

Bitcoin was trading lower on Saturday, as cryptocurrency prices continued to trade in the red following the latest U.S. nonfarm payrolls (NFP) report. The token dropped for a fourth consecutive day, moving closer to a key support point in the process. Ethereum was also in the red, hitting a five-day low in the process. Bitcoin Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report. Following the… Source link

The Ethereum whale investors have maintained an influence on ETH price. This is because they use their holdings to create their desired trend in the ETH market. But their impact is raising more brows as per the data from CryptoQuant. In the crypto space, the whales are persons or entities with higher investment holding of a particular asset. Holding a significant amount of cryptocurrency makes it easy for whales to manipulate and influence the crypto price. Over… Source link

Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Reportedly, Ethereum recorded $1.96 billion in net revenue in the second quarter (Q2). Unfortunately, the third quarter was a paltry $274.12 million. Source: Token Terminal Since this was the case, the Merge, which took place on 15 September, was not vital to revive the ETH network. As per the status of… Source link

Ethereum has been following the general trend in the crypto market, giving back its profit obtained over the past week. The cryptocurrency was moving in tandem with Bitcoin and large cryptocurrencies, but now ETH’s price is reacting to new economic data published in the United States. At the time of writing, Ethereum trades at $1,300 with a 2% loss and sideways movement in the last week. Other cryptocurrencies in the top 10 by market capitalization record… Source link

Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release. Bitcoin Bitcoin (BTC) was back below $20,000 on Friday, as traders continued to anticipate this afternoon’s nonfarm payrolls (NFP) report. September’s payrolls are expected to come in at… Source link

Ethereum (ETH -2.50%), the second most valuable cryptocurrency by market cap, now trades at a price of about $1,360. Getting to the $5,000 level would imply a gain of more than 375%. That might sound overly optimistic, especially given the current market environment for cryptocurrency, but it’s certainly not out of the realm of possibility. After all, less than 12 months ago, Ethereum touched an all-time-high of $4,892. For Ethereum to retrace the path back to $5,000, a few key things will… Source link

SPONSORED POST* Ethereum is the second biggest crypto after Bitcoin. An open-source blockchain, it dates back to 2013 and has rapidly increased in popularity in recent years, with plenty of people purchasing it as their first investment into crypto, and other seasoned Bitcoin purchasers using it.  As it is the second largest cryptocurrency, it’s no surprise that it used to use the second largest amount of power out of all the cryptocurrencies. In fact, it used 23 million… Source link

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers. This move, which Cake DeFi says it provides another crypto on-ramp for those looking to enter the crypto space, comes shortly after the Ethereum network’s long-promised shift from an energy-intensive proof-of-work consensus mechanism to proof of stake. The ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum… Source link