Ethereum has had a tough month, witnessing a 26% decline over the past 30 days, with its price dipping below the $2,111 range. Currently, the second-largest cryptocurrency is trading at $2,579, reflecting a 3% decline, and its trading volume is down by 2%. Despite this downturn, whale activity and network
Market experts and leading fund managers believe that Ethereum (ETH) is set to experience a significant price rally after the recent approval of the Ethereum ETF. Hence, the latest Ethereum price predictions have inspired numerous crypto traders to invest in Ethereum-based tokens such as RCO Finance (RCOF) and Aave (AAVE).
This week, the 7-day moving average (MA) of the percentage of supply in profit hit 85.66%. This metric gauges the extent to which the circulating supply of Ethereum (ETH) is now valued more than its previous acquired or transferred price. Since November 2023, it has not been this low. This
Ethereum finds itself at a critical juncture as the broader cryptocurrency market experiences a resurgence, with the total market capitalization dropping to $2.08 trillion from $2.14 trillion. This drop has pulled Bitcoin back above and below the $58,000 level from the $61,000 mark. Ethereum has followed suit with a gain,
The total amount of USDT tokens minted in the last year by stablecoin issuer Tether has reached $33 billion. Thanks to the addition of 1 billion USDT tokens on the Tron network. According to blockchain data, Tether minted $1 billion worth of USDT to its treasury wallet on August 20th
Coinbase-developed Ethereum L2, Base, transforms Ethereum interactions with its new feature, Basenames, launching today. Integrating with the Ethereum Names Service (ENS) infrastructure, Basenames emerged as a “onchain building block that enables anyone to establish their identity on Base.” The strategy for launching Basenames involves the Dutch auction mechanism for users
In the last 24 hours, the Ethereum (ETH) price has climbed over 4%, rising from a low of $2,566 to a high of $2,695, which has sparked optimism among investors. After a week of consolidation, the second-largest cryptocurrency finally broke through the $2,500 resistance zone. At the time of writing,
Warsaw, Poland, 20th August 2024, Chainwire
While ETH prices are struggling, the gas fee for Ethereum has lately dropped to its lowest point in five years. Kaiko recently highlighted the decline and what it may mean for the price of the cryptocurrency. Despite the launch of Spot Ether ETF trading in the US, the second biggest
Tether, the issuer of the largest stablecoin, announced via its official website through a press release that it will soon launch USDT on the Aptos Blockchain. Aptos as a Proof of Stake network, has processed more than 1 billion transactions. This collaboration is said to make digital currency more accessible
