Ethereum

As the cryptocurrency sector navigates through a bear market, different projects appear unfazed by the conditions accelerating development activities on their respective blockchains. Notably, some projects within the space are standing out in a bid to meet the demands of the community. In particular, Ethereum (ETH) ranks top among the projects with the most development activity in the last 30 days at 401, according to data provided by blockchain analytics platform Santiment on August… Source link

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Ethereum has been leading the charge on the rebound of crypto after a monstrous crash in the markets. Ethereum outperformed many different cryptocurrencies, including the first ever cryptocurrency – Bitcoin. This has been driven by the long-awaited “merge” which has been proposed by the lead developers of the Ethereum blockchain for years. But what is “the merge”? It is essentially a software update to the protocols on which the  Ethereum blockchain runs. The current system runs… Source link

After being in a consistent uptrend, Ethereum recently registered a downtrend along with several other cryptocurrencies. After hitting the lowest mark of $911 in mid-June, ETH gained strong upward momentum and even crossed $2,000. This gave hope to investors of brighter days ahead.  Source: CoinMarketCap However, things took a U-turn on 14 August as a trend reversal kicked in. With a negative 19% 7-day growth, the king of altcoins traded at $16,180 with a market… Source link

Crypto analyst Benjamin Cowen is laying out what he thinks could be the worst-case scenario for Ethereum (ETH) in terms of price action. In a new strategy session, Cowen says that a potential dip down to the range between $400 and $800 is the worst thing we could see for ETH, but that it would also present the opportunity of a lifetime for bulls. “Some people have asked me what is my worst-case scenario on Ethereum. For me, I would look at the logarithmic regression band and say… Source link

The cryptocurrency market is neither bullish nor bearish, according to CoinMarketCap. ETH/USD The rate of Ethereum (ETH) has gone down by 18.23% over the last week. On the local time frame, Ethereum (ETH) has bounced off the $1,628 level. If buyers can’t seize the initiative, there is a high chance to see a test of the $1,600 mark by the end of the day. On the daily chart, Ethereum (ETH) is located in the middle of the narrow range between the support at $1,524 and the resistance at… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a very red week for crypto, with most leading cryptocurrencies depreciating  over the seven days as heavyweights like Bitcoin and Ethereum posted double-digit percentage losses by the weekend.  Bitcoin is currently down 13% and sells for $21,309, according to data from CoinMarketCap. Ethereum, the world’s second largest cryptocurrency by market capitalization, tumbled almost 18% to hit $1,635 at the time of… Source link

Fees paid to process transactions on the Ethereum [ETH] network are at a one-year low, data from IntoTheBlock revealed. This can be primarily attributed to the movement of transactions. These were previously executed on mainnet Ethereum to Layer 2 scaling solutions (L2s). At the time of writing, the total fees paid to use the Ethereum network stood at 1,490 ETH. A year ago, this was 5,280 ETH. After registering a high of 81,750 ETH as total fees on 1 May, Ethereum saw a… Source link

The crypto market is experiencing a correction with Bitcoin and Ethereum giving back their gains from previous weeks. The general sentiment in the sector was optimistic but could take a blow if main cryptocurrencies lose their current levels. At the time of writing, Ethereum (ETH) trades at $1,690 with a 10% loss in the last 24 hours and 7 days, respectively. The cryptocurrency has preserved a critical support zone at $1,700 that was turned from major resistance into support. ETH’s price… Source link

To ensure the successful launch of its DAO (decentralized autonomous organization), Gnosis Safe announced plans Thursday to airdrop 50 million SAFE tokens to thousands of Safe wallets. Gnosis Safe uses smart contracts to support its multi-signature wallet. A multi-signature or multisig wallet requires more than one person’s signature to execute transactions. Gnosis Safe allows users to securely store Ethereum and ERC20 tokens and interact with decentralized applications. Last month, Gnosis… Source link