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Ether underpins the affiliated Ethereum Network, the dominant blockchain used for thousands of decentralized applications. By Eric Lam and Crystal KimBloomberg Published On 29 Oct 2021 Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding the most used blockchain network. The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New York…. Source link

The world’s second most valuable cryptocurrency, ether, has been touching all-time highs in price ahead of a major upgrade of its underlying platform, ethereum. Ether is currently worth in aggregate just shy of $500 billion. That’s still slightly less than half that of the biggest cryptocurrency, bitcoin. But could this upgrade, a vital step towards a much greener and faster version of the current system, put ethereum on the path to becoming the dominant platform on the internet and make… Source link

What happened  The value of most cryptocurrencies jumped again on Friday to end an outstanding week for the value of crypto.  Ethereum (CRYPTO:ETH) was the largest cryptocurrency to make a big move, climbing 5.9% over the last 24 hours to $4,440. Dogecoin (CRYPTO:DOGE) actually dropped 7.6% as it has fallen out of favor with meme crypto investors. Axie Infinity (CRYPTO:AXS) jumped a whopping 19.2% in a big metaverse bet by traders.  Image source:… Source link

The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460.  ETH/USDT 4-hour chart. Source: TradingView Here’s what anlaysts are saying about the market now that Bitcoin is finding support above the $60,000 level and Ether looks to enter price discovery. Bulls think BTC could hit $90,000 The bullish moves seen in BTC and Ether caused a moment of… Source link

Litecoin price respects a pennant formation with lower highs and higher lows. LTC price has seen RSI dipping towards 50, but bulls are picking up the volume with a recent uptick. A bullish breakout looks to be in the making, with a test at $236.96. Litcoin (LTC) price has been putting in lower highs and higher lows since October 18 and is still respecting the trend lines that form the outline of a pennant pattern. During this time, the Relative Strength Index (RSI)… Source link

If you’ve got a bad case of fear of missing out (FOMO) when it comes to Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), you’re not alone. True to form, the cryptocurrency market has been volatile all year, offering investors plenty of chances to buy the dip. But taking advantage of a steep sell-off is easier said than done when prices are crashing all around you with no end in sight. Now that we’re on an uptrend, folks are kicking themselves for not… Source link

Litecoin, one of the first coins in the crypto-space, has had a rather mellow run of late. In fact, at the time of writing, the coin was still 54% down from its all-time high of $410. Nonetheless, recent developments in the ecosystem, as well as heightened adoption that LTC witnessed lately have acted as catalysts of growth. However, with LTC’s price still oscillating close to the $187 mark, the immobility in prices is almost worrying for LTC holders and traders.  Adoption on the… Source link

SOPA Images/Getty Ether, the cryptocurrency minted on the Ethereum blockchain, is the… Source link

Ethereum is still far ahead in market share as it hosts 69% of DeFi applications and has a total value lock of $135.05bn. Photo: Mateusz Slodkowski/SOPA Images/Sipa USA In mid-October, the Binance Smart Chain (BSC) received a cash injection of $1bn (£725.5m) to encourage widespread engagement by both users and developers. This billion-dollar adoption drive has placed pressure on competing crypto networks, particularly Ethereum, the world’s largest and most established blockchain for… Source link

The price of Ethereum (ETH) has bounced to a new all time high (ATH) today as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexs on Coinbase and Coinmarketcap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. Coinmarketcap’s price index indicates that the previous ATH was only eight days ago, with the asset reaching a price of $4,308.48 on Oct. 21. ETH has been on a bullish tear since… Source link