Balita sa Industriya ng Crypto at Market Trends

BTC Plunges Toward $27K on Network Congestion Stress, is $25K Next? (Bitcoin Price Analysis)

Bitcoins price has been trending to the upside since the beginning of 2023. However, it has been showing signs of a reversal recently, following a clear rejection from the $30K resistance level.　　The price has been consolidating since it failed to break above the $30K resistance level. The 50-day moving average has been providing support but is currently getting broken to the downside around the $28K mark.　　In the event of a valid bearish breakout, the $25K support level would be the next probable target, followed by the key 200-day moving average, which is trending around the $22K area. The RSI has also dropped below the 50% threshold recently, hinting at a potential decline in the short term as momentum is shifting bearish.　　Pinagmulan: TradingViewAng 4-Oras na Tsart　　On the 4-hour chart, it is evident that the price has been bouncing in a tight range between the $30K and $28K levels and is testing the latter at the moment. If a breakdown were to occur, a rapid plunge toward the $25K zone could be expected in the near term.　　Even so, the RSI is approaching the oversold area, increasing the probability for the price to rebound from the $28K level and push towards the $30K

2023-05-09Bitcoin

Bitcoin Live Price: BTC Price Can Surge 20% If This Scenario Plays Out

BitcoinLive na Presyo ng Bitcoin: Maaaring Tumaas ang Presyo ng BTC ng 20% Kung Magagaganap ang Sitwasyong Ito2 minuto ang nakalipasBalita ng Ethereum ng Bitcoin　　The emergence of Bitcoin ordinals alias NFTs and the BRC-20 market has significantly increased the average Bitcoin transaction fees in the past few weeks. The Bitcoin average transaction fee spiked to a 12-month ATH of around $19.21, with some centralized exchanges charging as high as $60 to process. Nevertheless, some exchanges are navigating the high Bitcoin congestion through the use of the lightning network.　　As the miners enjoy profitable block rewards, crypto investors and users are opting for cheaper and more efficient blockchains at the expense of the Bitcoin network. As a result, the Bitcoin sell pressure could increase in the coming days, pushing the asset toward $25k　　Bitcoin Bullish Stance　　$ BTC Continues to trade within the Confines of Ascending Broadening Wedge & Bulls successfully defending the 27.3k Crucial Support.　　If Bitcoin can Maintain its Position above this Support level and Experience a Bounce Back, theres a strong Possibility of a 20% Bullish Rally.… 　　— Kapitan Faibik (@CryptoFaibik) Mayo 9, 2023　　According to a famous crypto trader Captain Faibik, Bitcoin price could be looking to see a 20 percent spike

2023-05-09Bitcoin

Ethereum (ETH) Hits New All-Time Record After Dip for Ants

Ethereums fundamental growth still active as amount of locked Ether climbs back to pre-unlock values　　Ethereum (ETH) recently achieved a new all-time record, as the amount of ETH locked reached a staggering 19,375,242 ETH. This milestone comes after what can be described as a “dip for ants,” as the recent withdrawals appear minuscule when viewed from a broader perspective. This achievement has significant implications for Ethereum and its investors, particularly in terms of the cryptocurrencys future growth potential.　　The locked ETH includes several categories, such as ETH staked on the Beacon chain, ETH deposited to the Beacon contract but not yet validating and rewards on the Beacon chain. Collectively, these categories represent the ETH that is “out of circulation,” thereby reducing the available supply and potentially driving up demand and price.　　ETH locked* hit an all-time recently at 19,375,242 ETH　　When you zoom out, the withdrawals seem like a dip for ants　　*All ETH that is “out of circulation”:　　• ETH staked on Beacon chain　　• ETH deposited to the beacon contract but not validating yet　　• Rewards on the Beacon chain 　　— Nansen (@nansen_ai) Mayo 9, 2023　　The fact that such a substantial amount of ETH is locked away demonstrates increasing interest in and adoption of Ethereum‘s proof-of-stake

2023-05-09Ethereum

Ethereum Gas Fees Skyrocket: What Does It Mean For Investors?

Ethereum, the worlds second-largest cryptocurrency by market capitalization, is currently facing a significant issue: soaring gas fees.　　Gas fees, also known as transaction fees, are payments made to miners on the Ethereum network for processing transactions. These fees have been rising steadily over the past few months, reaching record highs in recent days.　　The situation has left traders and investors concerned about the long-term viability of the Ethereum network, as high fees could discourage users from utilizing the platform.　　High Gas Fees On Ethereum Network Despite Transition To PoS　　Based on a recent report by crypto analytics provider WhaleAlert, a single transaction on the Ethereum network cost a trader approximately $118,600 in fees, which translates to 64 ETH.　　A fee of 64 #ETH (119,121 USD) ay binayaran lang para sa isang transaksyon　　- Whale Alert (@whale_alert) Mayo 8, 2023　　While high gas fees are not a new phenomenon on Ethereum, they have become relatively rare since the networks transition from the proof-of-work (PoW) to the proof-of-stake (PoS) protocol through The Merge.　　This shift was expected to reduce congestion on the network, but the current high gas fees suggest otherwise.　　Possible Cause: Meme Coin Hype, Network Congestion　　The recent spike in network activity is said to be a result of the

2023-05-09Ethereum

Aave v3 launches on Ethereum layer-2 network Metis

Ethereum　　Aave v3 launches on Ethereum layer-2 network Metis　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Decentralized liquidity protocol Aave has deployed on Ethereum layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem.　　Aaves (AAVE) community recently voted in favor of a proposal deploying on zero-knowledge Ethereum Virtual Machine (zkEVM) platform zkSync Era, paving the way for the DeFi protocol to tap into powerful performance improvements delivered by the scaling infrastructure.　　A number of different zk-proof-powered layer-2 protocols are being developed by Ethereum ecosystem participants, providing developers with a choice of infrastructure to scale their respective platforms.　　While Aave has yet to deploy on zkSync Era, it has announced its deployment of v3 of its protocol on Optimistic Rollup scaling protocol Metis. The latest version of Aaves protocol is touted to benefit users across both protocols, with Metis users set to benefit from the provision of DeFi borrowing and lending services.　　Ethereum.org highlights the main difference between Optimistic Rollups and zk-Rollups. The former processes transactions off-chain before publishing data on-chain, with a timeframe for network participants to challenge the validity of transaction data.　　Zk-Rollups, meanwhile, execute transactions off-chain and submit large batches on-chain using a single proof-of-validity, with no

2023-05-09Ethereum

Why Avorak AI makes Bitcoin and Ethereum ideal for novice traders

Bitcoin Ethereum　　Why Avorak AI makes Bitcoin and Ethereum ideal for novice traders　　57 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Bitcoin (BTC) and Ethereum (ETH) have gained worldwide recognition. These cryptocurrencies have given traders massive profits and continue to lead in market capitalization. However, it can be challenging for novice traders to make substantial profits in the volatile crypto market. That is where Avorak AI comes in.　　Kailan nilikha ang Bitcoin？　　Bitcoin is the first-ever cryptocurrency. It was created in 2009 by an individual or team under the pseudonym Satoshi Nakamoto. Nakamoto published the Bitcoin whitepaper in October 2008, which outlined the basic principles of a decentralized digital currency system. The first Bitcoin block was mined on January 3, 2009, marking the official launch of the cryptocurrency. Since then, Bitcoin (BTC) has gained a significant following and is the worlds largest and most valuable cryptocurrency. BTC has been on an overall incline in 2023, and several analysts suggest it could surpass the $30,000 mark again sometime soon.　　Tataas ba ang Ethereum？　　Ethereum (ETH) is the second-largest crypto by market capitalization. However, ETH‘s value has declined significantly from its ATH, partly due to unfavourable macroeconomic conditions. Despite this setback, traders remain optimistic about the project’s future. One

2023-05-09Ethereum

Trader pays almost $120k in ETH as transaction fees rise

Ethereum　　Nagbabayad ang negosyante ng halos $120k sa ETH habang tumataas ang mga bayarin sa transaksyon　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　magbahagi　　Ang mga bayarin sa gas sa Ethereum network ay tila mataas muli pagkatapos magbayad ang isang negosyante ng 64 ETH, na nagkakahalaga ng humigit-kumulang $120,000, para sa isang transaksyon.　　64 ETH para sa isang transaksyon　　Inihayag ng data mula sa Etherscan na ang isang trader na fadedface.eth ay bumili ng 84 ETH na halaga ng meme token na APAT sa Uniswap V2, at nagbayad ng 64 ETH (na nagkakahalaga ng higit sa $119,000 sa kasalukuyang presyo ng ETH) sa mga bayarin sa transaksyon.　　Ang $FOUR meme coin na may 24 na oras na dami ng kalakalan na $72.3 milyon, ang naging kamakailang rave sa komunidad ng crypto. Ang mataas na gas fee ay nagmumula bilang resulta ng pagtaas ng aktibidad sa Ethereum blockchain.　　Ang tumaas na aktibidad na ito ay dahil sa siklab ng galit sa mga meme coins tulad ng PEPE. Ang frog-themed meme coin na inilunsad noong Abril 2023, nakita ang market capitalization nito na tumaas sa $500 milyon, at may kasalukuyang market capitalization na halos $1 bilyon, ayon sa CoinGecko.　　Ang pangunahing layer ng Ethereum ay maaaring maging masikip sa mga

2023-05-08Ethereum

Stats Reveal Accelerated ETH Burn Rate Caused by Meme Coin Pumps

crypto Ethereum　　Inihayag ng Stats ang Pinabilis na ETH Burn Rate Dulot ng Meme Coin Pumps　　5 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The popularity of meme currencies, such as PEPE, has caused a surge in Ethereum network activity, resulting in a high burn rate of ETH. 　　Over the past month, approximately 23% of the total ETH burnt since the Merge occurred has been destroyed. 　　ETH is facing increased pressure due to the significant surge in the latest wave of popular meme coins, leading to even higher gas fees. 　　PEPE and other Memecoins trading activity is putting deflationary pressure on ETH. According to ultrasound.money, over 60K ETH has been net burned since the Merge, representing a 2,62% annual supply reduction ceteris paribus,“holding other things constant,” or “all else being equal.”　　Uniswap, the largest decentralized exchange on the Ethereum network, accounts for the most significant burning, with around 32,800 ETH burnt in the last 30 days. In the previous seven days, over 45,000 ETH was burnt, resulting in a current burn rate of 4.53 ETH per minute with a 3.47x issuance offset rate.　　Despite the high gas prices, Ethereum remains the favored network for new projects, with PEPE, WOJAK, and TURBO alone generating nearly $3

2023-05-08Ethereum

Can Ethereum (ETH) Hit $2.5K in Next Rally?

Ethereum　　Can Ethereum (ETH) Hit $2.5K in Next Rally？　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum price retraced 7% over the weekend as markets reacted to potential sell-offs from Vitalik Buterin and the ETH Foundation. But with long-term holders standing firm, on-chain data gives hope of a positive ETH price prediction.　　Biglaan exchange deposits Vitalik Buterin and the Ethereum foundation sent ETH price into an early retracement shortly after clearing the $2,000 milestone on May 5. But a deeper dive into the on-chain data suggests bullish Ethereum price predictions are yet to be invalidated.　　The next ETH bull rally could test the $2,500. Here are 3 reasons why.　　Long-Term Holders Remain Confident　　Firstly, the conclusion of the Proof-of-Stake Merge on April 12, ETH price corrections have often been closely correlated with selling actions from Ethereums long-term investors. But this time, the data looks different.　　As Ethereum price dropped on Friday, long-term HODLing wallets largely remained unmoved. While ETH price retraced, the Mean Coin Age across the Ethereum network has risen on 3 consecutive trading days.　　Mean Coin Age evaluates the average days that all ETH coins in circulation have stayed in their current wallet addresses　　Looking at the chart below, while the price dropped 7%, ETH Mean Coin

2023-05-08Ethereum

Ethereum Gas Skyrocketing as Trader Paid 64 ETH in Fees, Whats Happening?

Ethereum　　Ethereum Gas Skyrocketing as Trader Paid 64 ETH in Fees, Whats Happening？　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Godfrey Benjamin　　One Ethereum transaction cost 64 ETH as gas fees return to record highs　　The Ethereum (ETH) blockchain network is giving traders enormous concerns at this time as the incidence of skyrocketing gas fees appears to be returning. According to a shared insight from crypto analytics service provider WhaleAlert, one trader paid as much as 64 ETH worth approximately $118,600 at the time of writing in fees for a single transaction.　　The high gas fee is not a new thing on the Ethereum network; however, it is notably rare since the transition from the proof-of-work (PoW) protocol to proof-of-stake (PoS) through The Merge. While not an immediate dividend, the high gas fee was one of the major considerations for transitioning the protocol to PoS. The rationale is that a different transaction validation method can help in decongesting the network effectively.　　With the high gas fees being recorded at the moment, the opposite appears to be the case. The cause may be linked to the massive meme coin hype that stirred intense network activity, causing a clog during the weekend.　　This network activity reached a peak when

2023-05-08Ethereum

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