Ethereums supply on exchanges is stagnant ???? #Ethereum $ ETH Ang bilang ng mga Address na Humahawak ng 100+ Barya ay umabot lamang sa isang 6 buwan na mababa sa 46,417 Ang nakaraang 6-buwan na mababang na 46,418 ay naobserbahan noong 30 Mayo 2023 Pinagmulan: Santiment Ethereum investors are happyCan ETH maintain the pump？A further uptrend is likely
Alex Dovbnya Both Ethereum (ETH) and XRP, some of the biggest names in the cryptocurrency market, are inching closer to their respective horizontal resistance levels Ethereum (ETH) and XRP, the second and sixth largest cryptocurrencies by market cap respectively, are papalapit horizontal resistance, according to a tweet from crypto analytics tool 100eyes Crypto Scanner. Horizontal resistance, a key term in technical analysis, is a price level that a cryptocurrency or other asset has trouble surpassing. It often signifies a price point at which an influx of supply (sell orders) is strong enough to prevent the price from advancing further. Ethereum (ETH), the second-largest cryptocurrency, boasts a market cap of approximately $229 billion and a 4% weekly gain. XRP, known for its affiliation with Ripple, has a market cap of around $27 billion, but notably outperforms both Bitcoin (BTC) and ETH with a 12.8% increase over the past seven days, according to data from CoinGecko. At the time of writing, Ethereum is trading at $1,909.17 and XRP at $0.532. These figures show bullish momentum, but the looming horizontal resistance levels may soon test the strength of these upward trends. In technical analysis, horizontal resistance levels often act as psychological price barriers for traders. These points typically reflect
EthereumBinaba ng ETH ang $1900, Litecoin at HedgeUp na Pagtaas ng mga May hawak12 minuto ang nakalipasBalita ng Ethereum ng Bitcoin Its been a volatile week in a volatile industry. Cryptocurrencies are known for their spikes (both up and down), but the market is likely getting more than its fair share of attention as investors wait for the next bull cycle to start. The digital tension is almost palpable though as things have been particularly tepid since the upward hitch in April. Excited pundits saw a last chance to grab BTC below $30k and moon predictions were everywhere. The bulls have retreated somewhat though, leaving investors huddled around the starting line. Now, the first half of 2023 is almost gone with BTC still well below the $30k mark. There is relief in other areas though. Diligent investors just need to know where to look. Ethereum (ETH) You dont have to look any further than the number two cryptocurrency to find a little hope. In the past week, Ethereum (ETH) has broken the $1900 line several times. The Layer 1 blockchain is an excellent barometer of the overall health of crypto, due to its position just below Bitcoin and all of the protocols and dApps hitched
Ethereum Pangalawa sa Pinakamalaking Stablecoin na Ilulunsad Natively sa Ethereum Scaling Solution Arbitrum (ARB) sa Susunod na Linggo 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Circle plans to launch USD Coin (USDC) natively on the Ethereum (ETH) scaling solution Arbitrum (ARB) on June 8th. Ang stablecoin issuer sabi ni this native USDC will be the official version of the Arbitrum ecosystem and will eventually replace the USDC currently on Arbitrum that is bridged from Ethereum. Explains the ETH scaling solution, Arbitrum says the benefits of a native USD Coin include institutional on and off-ramps via Circle and upcoming support from a cross-chain transfer protocol to get rid of bridge withdrawal delays. The native USDC will also be fully reserved and always redeemable at a 1:1 ratio for US dollars, according to Circle. With a market cap of nearly $29 billion at time of writing, USDC is the second-largest stablecoin, behind Tether USD (USDT). USDC is the fifth-largest digital asset overall. USDC briefly lost its peg to the dollar in March following news that Circle had $3.3 billion of its $40 billion cash reserves stuck in the collapsed Silicon Valley Bank (SVB). The stablecoin dropped to a low of $0.877 before quickly jumping back up to the $1.00
After its network fees returned to their normal levels, the price of Ethereum (ETH) has moved in a slightly upward fashion, but there is still a strong resistance level it needs to turn into support to make a more significant upward move. Specifically, pseudonymous cryptocurrency analyst has noted the optimism surrounding the recent Ethereum price increase but also advised to zoom out, as “we really are not bullish unless we flip $2,000 into support,” according to the tweet and chart pattern analysis he Nagbahagi sa Hunyo 2. As the crypto expert specified, “the clue in the bears control is in the highlighted section. 3 wave up from lows is bearish.” Indeed, according to the chart analysis, Ethereum is currently performing a corrective move up, with “another leg down overall” in the cards. Pagsusuri ng presyo ng Ethereum For the moment, Ethereum is changing hands at $1,890.21. This price demonstrates the digital assets upward move of 1.32% on the day, whereas, on the weekly chart, it has gained 4.23%, as well as increasing 1.80% in the last month, as the latest data suggests. At the same time, the sentiment on the 1-day technical analysis (TA) gauges at the finance and crypto monitoring platform are exceptionally bullish,
Layer-2 chains like Polygon brought valuable contributions to the Ethereum network by improving transaction speeds, and scalability, and reducing costs. As such, they act as settlement layers complementing the Ethereum Mainnet, but are they still relevant after the upgrade？ Kailan ang Ethereum Merge？ The Ethereum Merge, also known as Ethereum 2.0 or ETH2 was planned and occurred in multiple phases including the Shanghai upgrade and sharding. The final phase occurred on September 15 2022 and featured the merging of the Ethereum mainnet with the new Ethereum 2.0 Beacon Chain. Ano ang Polygon？ Polygon (MATIC) Network is a protocol and framework built on top of the Ethereum blockchain. It strives for scalability and better user experience for dApps and blockchain-based projects. Polygon offers a multi-chain system of interconnected sidechains. It aims to offer a seamless bridge between the Ethereum network and other blockchains, allowing for the smooth transfer of assets and data across different ecosystems. Is Polygon Still Relevant After the Merge？ The Ethereum merge focused primarily on the Ethereum mainnet and does not directly affect the operations or functionality of Polygon. Polygon is a separate protocol and framework built on top of Ethereum, providing scalability solutions and additional features to enhance the Ethereum ecosystem. While the
This week, @lookonchain, a Twitter account known for its insightful cryptocurrency analysis, shared a remarkable discovery. An 8-year-old wallet ,dormant since the Ethereum ICO, suddenly woke up, creating a stir in the market. This whale acquired 8,000 ethers in 2015 during the ICO at a price of about $0.31 each. The initial investment of $2,480 is now valued at over $14 million, an astounding rise of 5000x. The event naturally sparked interest and curiosity in the crypto community. Some investors, looking to replicate the success for themselves, started looking for the next potential 100x token. They want a token in its early stage, yet with impressive growth prospects. Millionaire Game Coin (MG), a newly introduced project, seems to meet these hopes. Emerging on the horizon is a new, intriguing entry in the crypto market – the Millionaire Game Coin (MG). Still in its nascent presale stage, this mysterious project could potentially align with what investors are scouting for in the vast crypto landscape. With its smart contract-enforced rules, it turns one lucky token holder into a crypto millionaire every month, akin to Charlie winning Willy Wonka‘s golden ticket! But instead of an endless supply of chocolates, the coin’s supply is capped with
Sa linggong ito, mas malapitan nating tingnan ang Ethereum, Ripple, Cardano, Binance Coin, at Litecoin. Ethereum (ETH) Ethereums volatility spiked this week, and it managed to book a 4% price increase. This puts ETH into an uptrend and confirms the $1,820 level as support. To remain in the green, ETH will need to break above two key levels, $2,000 and $2,100, which currently act as resistance. Bears did not show any resistance at $2,000 in April but came in strong at $2,100. It remains to be seen if this time will be different. Looking ahead, buyers have returned to Ethereum. However, it is still too early to tell if they are serious about maintaining this uptrend. A clean breakout above the two key resistance levels would give them full control of the price. Tsart ng TradingViewRipple (XRP) In a surprising move, XRP has reached 50 cents this week and booked an 11.7% price increase, making it the best performer on our list. The price is now just under the key resistance at 53 cents which has historically pushed back any attempt from buyers to take XRP higher. In April, sellers came in strong at the current resistance level and did not allow it to move higher. If
The Uniswap decentralized exchange community members are facing chaos in voting for the platforms plan to charge fees from LPs. Proposal voting results showed that 45.32% voted against charging, 42.34% supported charging 1/5 of liquidity provider fees, 12.3% voted in favor of charging 1/10, and 0.04% of votes favor 1/6 Charge being imposed. Although support for a fee outweighs opposition for a charge (55% vs. 45%), no individual category has received greater support than the “free”. If protocol fee advocates can link together after a certain percentage of fees, they can win. Devin Walsh, executive director of the Uniswap Foundation, said on Twitter that the poll was published for feedback and was not part of a formal governance process. These results will not necessarily prevent further votes on the proposal. The polling site suggests that the poll data will be used to prepare for a more formal “temperature check” vote. However, the opposition to a fee is substantial. As per previous news, GFX Labs has launched a proposal in the Uniswap community to “implement liquidity pool fees”, proposing that all Uniswap v3 pools implement agreement fees equal to 20% of pool fees and open charge conversion for Uniswap v2. The proposals scope is to implement fees
According to PROTOS, About Capital Management, which announced the acquisition of Huobi exchange in October 2022, said in May this year, “no longer involved with Huobi in any way.” Capital is generally considered just Justin Suns agency for acquiring Huobi. Huobi, one of the largest cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its ownership. In October 2022, Hong Kong-based investment firm, About Capital Management announced that it had acquired Huobi. However, it soon became clear that the mysterious party responsible for acquiring the exchange was none other than TRON and Poloniex founder Justin Sun. Despite persistent tweeting about the company and his appointment to the Huobi Global Advisory Board, Sun denies controlling ownership of the exchange. According to PROTOS, About Capital Management, which announced the acquisition of Huobi in October 2022, said in May of the following year that it was “no longer involved with Huobi in any way.” The company refused to elaborate further. Hong Kong corporate documents for numerous Huobi and Justin Sun-related entities, along with information about ACM, were obtained by Protos. The documents do not point to who or what entity currently holds a controlling interest in the company. In February, a new
