Ethereum
A report by Steno Research states that the decentralized finance (DeFi) summer on Ethereum and the crypto market could return as early as 2025. Four years after the fondly remembered DeFi summer of 2020, the total value locked (TVL) in protocols can hit an all-time high by early next year. However, the return of DeFi…
Since the inception of Ethereum, the network’s high transaction costs have been a major issue in the crypto market, prompting users to seek an alternative for their day-to-day activities. However, with the recent development regarding the network’s gas fees, Ethereum could be poised for massive adoption as its transaction cost has declined to a level…
Ethereum and Solana registered net inflows last week despite a price correction among most cryptocurrencies. According to the most recent Digital Asset Fund Flows Weekly Report published by CoinShares, the cumulative inflows into these investment products reached an impressive $176 million over the week. This positive trend was consistent across all regions, with each registering…
Ethereum is pushing higher, as shown in the daily chart. After last week’s dip and recovery, the second most valuable coin is up nearly 25% from August lows. If buyers take charge today, clearing and closing above $2,600, as is currently the case, it could anchor the base of another uptick toward $3,300 in a…
The Ethereum gas fees for transactions have dropped massively amidst a broader decline in the cryptocurrency’s price. According to recent data, the base fee paid by users has fallen to an astonishingly low 0.82 Gwei, a clear indication of reduced activity on the Ethereum network. Rapid Decline In Ethereum Base Fees Data from Ultra Sound…
The Ethereum network continues to demonstrate its remarkable presence in the cryptocurrency landscape with its scaling progress which popular market expert and head of research at Onchain Foundation, Leon Weidmann has confidently declared unstoppable, highlighting his confidence in the network’s potential in revolutionizing the sector. Ethereum Scaling Prevails In Heightened Market Volatility In a bold…
Cardano (ADA) has jumped into the top 3 in cryptocurrencies with the highest developmental activities, surpassing even Ethereum (ETH), the top altcoin, and the second-largest cryptocurrency by market capitalization. Cardano Ranks Third In Highest Developmental Activity In an August 6 post on X (formerly Twitter), on-chain market intelligence platform, Santiment released updates about the recent…
Ethereum fell to as low as $2,100 this week before bouncing, adding an impressive 25% from August 2024 lows. While there is confidence that prices will continue expanding, breaching $2,800 and even the psychological round number at $3,000, other market-related events might slow down bulls. Ethereum Network Unlocking Over 143,000 ETH According to Token Unlocks…
Ethereum (ETH), the world’s largest altcoin, has recently been on a significant downward trend, with its price slipping below the $3,000 mark. However, analysts see this bearish downtrend and ETH’s price crash as a buying opportunity, anticipating a possible rebound in the future. Best Time To Start Accumulating Ethereum On August 7, crypto analyst, Alan…
The negative sentiment around Ethereum appears to be significant as evidenced by current data which shows that the ETH network is exhibiting a noticeable decrease in activity, with its number of transactions falling to its lowest level in the past 5 months. This drastic decline coincides with a larger downswing in the cryptocurrency market, marked…
