Ethereum’s circulating supply has reached a significant milestone, hitting a six-month high of 120.39 million ETH following the addition of 7,728 tokens worth over $20 million. This substantial increase in available tokens raises questions about potential price implications, particularly if market demand fails to match the growing supply. The surge
The trading day opened with the cryptocurrency market exhibiting a moderate dip in market cap of 2.23%, positioned at $2.33 trillion, over the last 24 hours. Major cryptocurrencies are priced in red. Notably, the largest asset, Bitcoin (BTC), has briefly entered the bearish zone by losing over 2%. The largest
Some traders in the crypto space have earned the status of key opinion leaders (KOLs) because of their ability to spot opportunities before anyone else in the market. One of these traders is this legendary Ethereum trader, who has predicted that the new token ETFSwap (ETFS) could replicate Dogecoin’s 2021
Vitalik Buterin recently addressed significant issues facing Ethereum’s staking and block production mechanisms. He emphasized the urgent need for innovative solutions to enhance the network’s performance. Firstly, Buterin noted the disparity in staking rewards among validators. Currently, some validators earn substantially more than others, leading to centralization. To counter this,
Ethereum, the largest altcoin, is currently trading at $2,619, marking a 0.63% decline from its 17-day high of $2,688 three days ago. Despite the drop, Ethereum is up 9% over the past week. However, trading volume has decreased by 7%, signaling a potential shift in market sentiment. Ethereum’s price has
The cryptocurrency market is recovering from the bear hold after Bitcoin broke above $68K. While the largest altcoin, Ethereum (ETH) has not yet gained substantially. Notably, this month opened with an anticipated bull run, as it’s considered as Uptober. Over the day, the altcoin recorded the lowest price at $2,592.
Vitalik Buterin, co-founder of Ethereum, has outlined the blockchain’s ambitious future in a two-part blog series. His latest post, “Possible Futures for the Ethereum Protocol, Part 2: The Surge, sheds light on the next major phase following Ethereum’s transition to Proof of Stake (PoS) in 2022. Known as “The Merge,”
Ethereum surged to a 16-day high of $2,684, bolstered by a wave of bullish momentum over the past week, gaining 8%. The rally mirrors Bitcoin’s recent rise above $68,000, pushing Ethereum to peak levels. However, as of today, Ethereum has pulled back slightly, trading at $2,623, with new signs indicating
Ethereum has reached a critical juncture as its price surpassed the $2,579 resistance level on Monday, catalyzing a significant shift in market dynamics. This breakthrough has prompted a wave of activity among long-term holders, with older, less active coins suddenly changing hands. The movement of these dormant assets, particularly their
The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range. Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617
