Pinakabagong Balita sa Crypto at Market Updates

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

Ethereums withdrawals are rising amid price drop

Ethereum　　Ang mga withdrawal ng Ethereum ay tumataas sa gitna ng pagbaba ng presyo　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　magbahagi　　The number of ethereum (ETH) withdrawals from exchanges has constantly risen over the past week as the assets price plunges from local highs.　　According to data provided by crypto.news, the ETH price dropped by 3% in the past 24 hours. Ethereum is trading at $1,850 at the time of writing. The second-largest cryptocurrency is also down by over 8% from its local high of $2,008 on May 6.　　Moreover, the number of ethereum withdrawals from exchanges reached roughly 4,405, marking a 14-month high last seen in March 2022, according to data provided by Glassnode.　　Per the tweet, the same behavior was seen in December last year, when ETH was trading at around $1,250.　　On the other hand, Glassnode data also shows that the amount of ETH supply active between one and two years on a one-day median average has reached over 41,090,025 coins, marking a new all-time high (ATH).　　According to a crypto.news report on May 7, the number of ETH deposits to centralized exchanges (CEXs) witnessed a sudden spike, triggering a short selling pressure on the platforms.　　Furthermore, despite the assets price drop, the fees on

2023-05-08Ethereum

Whale Moves Over $154,000,000 Worth of Ethereum in One Massive Transfer – Here’s Where the Crypto Is Going

crypto Ethereum　　Whale Moves Over $154,000,000 Worth of Ethereum in One Massive Transfer – Heres Where the Crypto Is Going　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　A mysterious Ethereum whale is suddenly on the move, shifting tens of thousands of ETH in one big transaction.　　The blockchain-monitoring service Whale Alert initially spotted the large Ethereum transfer.　　According the Whale Alert, the investor with deep pockets relocated 80,000 ETH worth $154.58 million from a wallet of unknown origin to crypto exchange Binance.US.　　Blockchain data also shows that the large entity shelled out less than $4 in ETH to process the multi-million-dollar transaction.　　Whale Alert also caught a handful of large Ethereum transactions over the weekend.　　One whale relocated 19,093 ETH worth $36.81 million from an unknown wallet to US-based crypto exchange Coinbase. Whale Alert reveals that the whale paid $4.20 to move the large ETH stack.　　Whale Alert din sinusubaybayan the movement of 15,000 ETH worth over $30 million from a wallet controlled by the Ethereum Foundation to crypto exchange Kraken. The Ethereum developer paid more than $11 to move the ETH trove.　　In another transfer, a deep-pocketed investor lumipat 12,800 ETH worth $25 million from a wallet of unknown origin to Coinbase. The whale paid less than $11

2023-05-08Ethereum

Ethereum Price Just Signaled “Sell” And It’s Vulnerable to More Losses

Ethereum is moving lower from the $1,940 resistance zone.　　Ang presyo ay kinakalakal sa ibaba $1,900 at ang 100-oras na Simple Moving Average.　　Mayroong isang pangunahing linya ng takbo ng alon na bumubuo na may pagtutol na malapit sa $ 1,900 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).　　Ang pares ay maaaring magpatuloy na lumipat pababa kung mayroong malinaw na paglipat sa ibaba ng $1,840.　　Tumama ang Presyo ng Ethereum　　Ethereums price struggled to clear the $2,000 resistance zone and started a fresh decline. ETH traded below the $1,920 and $1,900 support levels to enter a bearish zone, similar to Bitcoin.　　The price even traded close to $1,840. A low is formed near $1,843 and the price is now consolidating losses. It is trading below $1,900 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD.　　Immediate resistance is near the $1,890 level. It is close to the 50% Fib retracement level of the recent decline from the $1,936 high to the $1,843 low.　　The next major resistance seems to be forming near the trend line and $1,900. The main resistance is near $1,915 or the

2023-05-08Ethereum

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