3 reasons why Ethereum’s market cap dominance is on the rise

Ethereum  3 dahilan kung bakit tumataas ang market cap ng Ethereum  10 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum has been the dominant smart contract and decentralized application (DApp) network since its inception. An analysis of Ethers price (ETH) and market capitalization shows indisputable evidence that the blockchain has been gaining market share.  As shown above, Ether‘s dominance in market capitalization terms has grown over the past couple of years, from an 18% average in July 2021 to the current 20%. Excluding Bitcoin (BTC) from the analysis, Ether’s market share presently stands at 40.6%, while its next competitor, BNB (BNB), holds a 7.2% share.  The disparity between Ethereum and others is also evident when analyzing the total value locked (TVL) on each network‘s smart contracts. Ethereum is the absolute leader with $24.6 billion in TVL, followed by Tron’s $5.4 billion and BNB Chains $3.3 billion.  The above chart depicts how Ethereums TVL market share declining from 70.5% in June 2021 to 49.5% in May 2022 as Terra and Avalanche gained a combined 20% market share. However, following the Terra ecosystem collapse in May 2022 — which culminated in developers halting network activity — Ethereum quickly regained a 58% market share.  Despite the emergence of DApps on

2023-06-22Ethereum

Ethereum Price Pumps 5% - Will the Rally Continue? DeeLance Also Bullish as it Hits $1.3m

Ethereum  Ethereum Price Pumps 5% – Magpapatuloy ba ang Rally? Bullish din ang DeeLance nang umabot ito ng $1.3m  9 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  The Ethereum ($ETH) price is rebounding, with the token up almost 6% in the past 24 hours.  Ethereums rise mirrors that of the crypto market as a whole, with traders now debating which factors are prompting the bullish sentiment.  Meanwhile, decentralized freelancing platform DeeLance ($DLANCE) continues to make waves in its presale phase – and has now raised over $1.3 million from early investors.  Promising Signs for Ethereum As Bullish Momentum Builds  Ethereum is hovering around the $1,812 region after posting a bullish close in five of the last six days.  This level of sustained momentum hasnt been seen since mid-March – with Ethereum bulls now hopeful that it can continue into July.  At the time of writing, $ETH has just breached the crucial resistance zone at $1,800, which previously acted as support throughout May.  Additionally, Ethereum has broken above the 20-day Exponential Moving Average (EMA) on the daily time frame, indicating that the short-term trend has shifted from bearish to bullish.  $ETH holders will need to be aware of the resistance region around $1,900, which is now fast approaching.  Ethereum hasnt traded consistently above

2023-06-22Ethereum

Pagsusuri ng presyo 6/21: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Bitcoin Ethereum  Pagsusuri ng presyo 6/21: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT  8 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoin‘s price surged to $31,000 as a handful of BTC spot ETF applications and Fed Chair Jerome Powell’s views on stablecoins appear to have improved crypto investors view of the market.  BlackRocks application for a spot Bitcoin exchange-traded fund (ETF) has encouraged other financial firms to follow suit. First, it was the New York-based asset management fund WisdomTree, which made a new filing on June 21 for a Bitcoin (BTC) ETF. This was then followed by investment manager Invesco, which reactivated its application for a spot ETF.  These announcements boosted investor sentiment, resulting in a short squeeze and additional buying interest from traders who may have been waiting on the sidelines. The slew of events over the past few days has increased buying interest in Bitcoin, which sent its market dominance to above 50% on June 19.  The short-term traders who are expecting a quick rally to the all-time highs may be in for a shock. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode warned investors that their patience could be tested for another eight to

2023-06-22Ethereum

Ethereum (ETH) Breaks Through Enormous Resistance Level

Ethereum  Ang Ethereum (ETH) ay Lumalampas sa Napakalaking Antas ng Paglaban  8 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Second-biggest cryptocurrency on market keeping up with Bitcoin  Nilalaman  Bitcoins dominance surges  XRP paints top  In a significant development for the worlds second-largest cryptocurrency, Ethereum (ETH) has successfully breached an enormous resistance level at the 200 Exponential Moving Average (EMA). This event marks an important step for the coin, boosting its prospects for a bullish rally in the coming days.  Ethereum has had a volatile journey this year, facing numerous technical and fundamental challenges. However, its recent surge to $1,812 reveals a promising uptrend that could set the stage for a much-needed revival. This breakthrough at the 200 EMA resistance level signifies strong momentum in favor of ETH.  Pinagmulan: TradingView  Technical indicators underscore this optimistic sentiment. The Relative Strength Index (RSI), a key measure of momentum, has entered the oversold zone. This suggests that the ETH token might have been undervalued, leading to increased buying pressure that could continue to propel prices upward.  While the break above the 200 EMA is a positive signal, it is important to remember that these levels often act as dynamic support and resistance, potentially leading to a retest in the future. Should Ethereum continue its upward

2023-06-22Ethereum

BlackRock Leads On Opensea With Floor Price Up To 0.2 ETH

Ethereum  Nangunguna ang BlackRock Sa Openea Na May Floor Price Hanggang 0.2 ETH  5 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  BlackRock is becoming the flagship collection of the largest NFT trading platform Opensea with floor prices reaching over $380.  According to data on Opensea, WhiteRock is the number 1 collection, leading BlackRock, but BlackRock currently has a floor price 10 times higher (0.2 ETH compared to 0.01 ETH) and almost 6 times the volume. (9.7 ETH vs. 1.7 ETH).  Ranking of trending NFT collections. Source: Opensea  This boom is largely attributed to financial services giant BlackRocks filing for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC) on June 15.  The Securities and Exchange Commission (SEC) has rejected any application to establish a spot Bitcoin ETF. However, in the case of Blackrock, this time, the SEC approval rate for a Bitcoin ETF application is relatively high because of its careful preparation. Blackrocks ETF application could serve as a key event in crypto 2023 and possibly beyond.  This event not only helps to keep the “rock” themes trending on NFT collections, but it also provides a great deal of optimism for companies that also offer wealth management services in the traditionally dynamic market to enter

2023-06-22Ethereum

Zora NFT Launches Layer 2 Network To Fight Ethereum Gas Fees

Ethereum NFT  Inilunsad ng Zora NFT ang Layer 2 Network Upang Labanan ang Mga Bayad sa Gas ng Ethereum  5 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Zora NFT has launched its own Layer 2 blockchain network to support advertising and minimize costs.  The Zora network is secured with Ethereum and is built on Optimisms technology stack. According to the press release, the new network will make minting on its platform “faster, cheaper, and more enjoyable” with a focus on gas efficiency and scalability. According to online documents, minting an NFT over the network costs less than 50 cents.  The Ethereum blockchain secures it, is built on top of Layer 2 scaling network Optimism technology, and is already supported by over 35 platforms – including on-chain music platform Sound, wallet provider Rainbow, and Web3 Thirdweb application toolkit.  Many of the NFTs featured on Zoras reel homepage sell for under $10 and can even be minted for free. Ethereum network gas fees of a few dollars, or much higher during peak times, can significantly increase overall transaction costs.  Founded by three Coinbase alumni in 2020, Zora NFT Marketplace started as a service that gave musicians and other artists the means to sell digital tokens pegged to physical artifacts

2023-06-22Ethereum

Bitcoin Explodes Above $30,000 As Traders Get Bullish On ETF News

Bitcoin  Ang Bitcoin ay Sumasabog sa Higit sa $30,000 Habang Nagkakaroon ng Bullish ang Mga Trader Sa Balita sa ETF  Balita ng Ethereum ng Bitcoin  The price of Bitcoin spiked over 10% to $30,600 on June 21, the highest point in two months, based on CoinGecko data, extending gains from earlier in the week. Investors seem to be growing bullish about the prospects of BlackRock and other huge institutions getting involved in digital assets. Earlier in the week, BlackRock submitted […]  The post Bitcoin Explodes Above $30,000 As Traders Get Bullish On ETF News appeared first on Global Economic Intersection.

2023-06-22Bitcoin

Bitcoin Soars Past $30,000 Following BlackRocks and Invescos ETF Applications

Bitcoin  Lumampas ang Bitcoin sa $30,000 Kasunod ng mga Aplikasyon ng ETF ng BlackRock at Invesco  Balita ng Ethereum ng Bitcoin  Alex Dovbnya  Bolstered by recent ETF filings by financial powerhouses BlackRock and Invesco, Bitcoin, the worlds largest cryptocurrency, has witnessed a dramatic surge, breaking past the $30,000 mark for the first time since April 19  Bitcoin, the worlds largest cryptocurrency by market cap, has experienced a sudden surge, breaking above the $30,000 price point for the first time since Apr. 19.  This notable increase comes on the heels of significant movements in the crypto investment sphere, particularly revolving around exchange-traded fund (ETF) filings by financial heavyweights BlackRock and Invesco .  Last week, asset management giant BlackRock filed an application for what would be the first-ever spot Bitcoin ETF in the U.S. Despite some skepticism by leading analysts, this move by BlackRock has been viewed as a strong signal of Bitcoin‘s continued interest among the world’s largest financial institutions.  The worlds largest cryptocurrency is changing hands at $30,397 on the Bitstamp exchange at press time. It is up more than 11% over the past 24 hours alone.  The market cap of the largest cryptocurrency currently stands at $592 billion.

2023-06-22Bitcoin

Litecoin Price Prediction along with $666 Million Trading Volume Surge- Can LTC Reach $one hundred? - CryptoPumpNews - cryptocurrency news

The crypto market is actually watching a good change, along with Litecoin ($ LTC) videotaping a remarkable 5.95% cost rise in the final 24 hr.  This rise in cost has actually brought in considerable focus, along with a shocking $666 thousand in investing quantity in the exact same time period.  Although $LTC connected with a turning point in March 2023 through exceeding the $one hundred smudge, it has actually because experienced a decrease as well as has actually certainly not completely recuperated.  As energy constructs, makers are actually guessing whether $LTC, presently valued at around $84, will definitely connect with the desirable $one hundred result.  However, acquiring the property might certainly not be actually practical for novice capitalists as a result of its own higher expense.  Therefore, capitalists looking for a choice along with a pay attention to market value might think about discovering $YPRED, the energy token of the yPredict system.  LTC Price Surges Amid Crypto Market Bullish Trend  At bunch opportunity, the $LTC token is actually trading at $84.09, embodying an uptrend of 8.99% in the final 24 hr.  The investing quantity of the cryptocurrency has actually additionally watched a remarkable rise, achieving $666 billion over the last time. This has actually supported the development of

2023-06-21Bitcoin

Bitcoin Rockets Above $30,000: Is the Bullish Momentum Returning? - CryptoPumpNews - cryptocurrency news

Bitcoin cost rise over $30,000 for the 2nd attend 2023 possesses one of high real estate investors. These real estate investors view it as a prospective driver for revitalized self-confidence in the crypto market.  However, inquiries continue to be regarding whether this uptick implies completion of the bearishness as well as the gain of the upward operate or even if it s simply a bearish market rally that are going to inevitably bring about brand-new lows. A closer evaluation of the most recent cost activity is actually essential to know the existing situation much better.  Bitcoin Bounces Back: Price Surges to $30,000 Amid Shifting News Landscape  The crypto market was actually under siege a full week earlier as the SEC punished altcoins. Negative updates hid around every section. However, the trends have actually lately switched, as well as the updates pattern has actually transformed favorable.  In an unusual spin, a surge of developed Wall Street brand names possesses the crypto room, indicating newly found self-confidence as well as authenticity in electronic possessions.  Among the significant titles participating in the crypto transformation BlackRock, Charles Schwab, Sequoia Capital, Fidelity, as well as a number of others. Their entry right into the marketplace has actually triggered positive outlook

2023-06-21Bitcoin
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