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ETH Price Analysis - Ethereum Price Rises to $1,800 as Trading Volume Increases - BitcoinEthereumNews.com

After an underwhelming performance this weekend, with Ethereum prices trading sideways within the $1,600-$1,700 range, ETH managed to break through the resistance and trade at $1,800. The global cryptocurrency market cap is up 5% today, currently at $1.137 trillion, and the 24-hour trading volume for ETHUSD is up by over 34%, currently at $14.4 billion. BTC‘s dominance is still at 40%, but ETH’s excellent performance this Monday could start chipping away at BTC.　　Ethereum Price Continues to Outperform Bitcoin　　With the recent price hike, Ethereum is much closer to conquering Bitcoin‘s 50% market cap. Ether continues to outperform Bitcoin regarding daily price hikes, up 5.26% today compared to BTC’s 3.86% rise.　　Moreover, Ethereum is up over 8% this week, compared to Bitcoin‘s 4% price hike. If this trend continues, Ethereum will soon reach 50% of Bitcoin’s valuation in its first milestone to potentially overthrow BTC as the most-valued crypto asset.　　Bitcoin‘s market cap is currently at $460 billion, compared to Ethereum’s $219 billion. Both crypto assets are performing exceptionally well this week, with credit given to increased market momentum and trading volume in the last several hours.　　Bitcoin‘s Lightning Network vs. Ethereum’s Merge　　Both blockchains have unique scaling solutions for the next paradigm of crypto adoption.

2022-08-08Ethereum

Justin Suns Plan to Support an Ethereum Fork Isnt Going Well - BitcoinEthereumNews.com

EthereumJustin Sun‘s Plan to Support an Ethereum Fork Isn’t Going Well08 / 08 / 2022Balita ng Ethereum ng BitcoinKey Takeaways　　The Justin Sun-endorsed planed Ethereum fork, dubbed Ethereum PoW, is seeing bleak interest among investors on its first day of trading.　　ETHW has recorded only $3.6 million in trading volume across all three pairs on the Sun-backed Poloniex exchange.　　As things currently stand, only a few miners and smaller crypto exchanges support the fork, with most of the Ethereum community opposing it.　　Ibahagi ang artikulong ito　　The push from Justin Sun and Chandler Guo for a Proof-of-Work Ethereum fork has so far drawn little interest from the market.　　Low Interest in EthereumPoW　　Poloniexs EthereumPoW (ETHW) listing has seen only $3.6 million in volume on its first day of trading.　　The token representing a potential Proof-of-Work based Ethereum fork, currently called EthereumPoW, has struggled to garner significant support from the broader crypto community despite heavy promotion from TRON founder Justin Sun and Chinese miner Chandler Gou. ETHW was listed on the Sun-backed Poloniex exchange over the weekend and has registered only $3.6 million in trading volume across all three of its trading pairs.　　Ayon sa Data ng CoinGecko, the forks top-traded pair, ETHW/ETH, recorded about $1.31 million in trading volume

2022-08-08Ethereum

Chainlink ditches Ethereum PoW forks for PoS after The Merge - BitcoinEthereumNews.com

EthereumTinatanggal ng Chainlink ang Ethereum PoW forks para sa PoS pagkatapos ng The Merge08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Chainlink is aligning itself with the decision of the Ethereum Foundation and its community. Therefore, forked versions of the Ethereum blockchain, which includes patunay-ng-trabaho (PoW) forks, will no longer be supported by the Chainlink protocol post-Merge.　　In an official anouncement, the Chainlink protocol nagsiwalat that its services will remain on the Ethereum blockchain post the long-awaited Merge. The Ethereum blockchain anticipates the Merge in September 2022, which will merge its mainet with the Beacon Chain.　　This will transition all of Ethereum operations from proof-of-work to proof-of-stake (PoS).　　Ang Pagsasama ay itinulak pabalik mula kalagitnaan ng 2021 hanggang Setyembre 2022 bago. Kung ito ay aayon sa timeline ng mga developer, ang Phase 1 ay magsisimula ng paglipat ng history ng transaksyon ng ecosystem at mga matalinong kontrata sa PoS network.　　Ang paglipat na ito ay makakaapekto sa lahat ng matalinong kontrata sa Ethereum blockchain, na sa Q1 ng 2022 ay umabot sa 1.45 milyon. Ang papel ng Chainlink sa pagbibigay ng mga serbisyo ng hybrid na smart contract ay walang pagbubukod.　　Samakatuwid, sa pinakahuling anunsyo, hinimok ng Chainlink ang mga gumagamit nito na ihanda ang

2022-08-08Ethereum

Top Crypto Analyst Predicts a Strong Ethereum Rally - BitcoinEthereumNews.com

crypto EthereumNangungunang Crypto Analyst Hulaan ang isang Malakas na Ethereum Rally08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　The volatility in the cryptocurrency space has been cooling down over the past few weeks. A renowned crypto analyst has now predicted that a massive rally could be in sight for several cryptocurrencies, especially Ether (ETH).　　Ether set to break out　　The crypto market analyst known as Kaleo informed his 531,000 Twitter followers that the Ethereum network had broken out of its diagonal resistance against Bitcoin, as seen in the ETH/BTC trading pair. Kaleo said that the pair was prime for massive gains.　　At the time of writing, the ETH/BTC pair was trading at $0.0729 BTC, at $1733. Kaleo also remains bullish on Binance Coin (BNB). BNB is the utility token for the Binance cryptocurrency exchange. Kaleo said that BNB was strong and had created a new all-time high against Bitcoin.　　Binance Coin (BNB) has been on a steady bull run recently. According to CoinGecko, BNB has gained 35.5% over the past month. It also posts a strong recovery against its all-time high of $686.　　Bumili ng Ethereum NgayonAng iyong kapital ay nasa peligro.　　The other cryptocurrency that Kaleo also analyzed was Litecoin (LTC), predicting that LTC looked

2022-08-08Ethereum

Sinabi ng Chainlink na hindi susuportahan ng protocol ang Ethereum PoW forks - BitcoinEthereumNews.com

EthereumSinabi ng Chainlink na hindi susuportahan ng protocol ang Ethereum PoW forks08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Sinabi ng Chainlink Labs na hindi susuportahan ng protocol nito ang anumang mga forked na bersyon ng Ethereum (ETH) bago ang pinaka-inaabangang kaganapang Pagsamahin na makikita ang pag-upgrade ng Ethereum network mula sa isang Proof-of-Work (PoW) consensus mechanism tungo sa isang Proof-of-Stake (PoS) consensus layer.　　Ang Chainlink Labs ay hindi sumusuporta sa ETHPoW　　Chainlink (LINK), na ang koponan ay nagsabi na ito ay nagta-target sa pagtiyak ng pagpapatuloy para sa mga gumagamit nito sa loob ng Ethereum ecosystem, ay kabilang sa mga malinaw na nagsasabing hindi nila susuportahan ang mga bagong bersyon ng ETH.　　n Naghahanap ka ba ng mabilis na balita, maiinit na tip at pagsusuri sa merkado？n n Pag-sign up para sa Invezz newsletter, ngayon.n n　　Ang Chainlink Labs team sabi sa isang post sa Lunes:　　Ang Chainlink protocol at ang mga serbisyo nito ay mananatiling operational sa Ethereum blockchain sa panahon at pagkatapos ng Merge to the PoS consensus layer. Dapat malaman ng mga user na ang mga forked na bersyon ng Ethereum blockchain, kabilang ang PoW forks, ay hindi susuportahan ng Chainlink protocol.　　Ayon sa protocol, ang mga hindi inaasahang panganib sa antas

2022-08-08Ethereum

BitMEX, Poloniex, and OKX Declares Support for Ethereum Forked Tokens, While Chainlink Kicks Against Them  - BitcoinEthereumNews.com

With the Ethereum Merge around the corner, crypto firms have decided whether to support possible ETH forked tokens. 　　Crypto-related projects have started indicating whether they will support Ethereums transition from a Proof-of-Work (PoW) algorithm to Proof-of-Stake dubbed “The Merge”, as well as a possible fork of the network.　　With the Merge scheduled to go live next month, Chainlink (LINK) anounced in a statement that it would be supporting the Ethereum Merge to ensure continuity for Chainlink protocol users on the Ethereum network.　　Chainlink noted that its protocols and services would continue to operate on the second-largest blockchain network before and after the Merge upgrade is implemented.　　While Chainlink will support the Ethereum Merge, the crypto project said it would not do the same for any potential hard fork of Ethereum.　　“Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol,” the network noted in a statement.　　Chainlink added: “This is aligned with both the Ethereum Foundation and broader Ethereum communitys decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus.”　　Miners Hint At Possible Ethereum Forks　　The development comes after popular Ethereum miner Chandler Guo hinted at the possibility that an ETH

2022-08-08Ethereum

Bitcoin Is Driving the Growth of International Tourism in El Salvador - BitcoinEthereumNews.com

BitcoinAng Bitcoin ay Nagtutulak sa Paglago ng Internasyonal na Turismo sa El Salvador08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　31 segundo ang nakalipas | 2 mins basahin　　Bitcoin News　　Surfing, bitcoin, and crime reduction were responsible for the countrys tourism comeback.　　Compared to 2019 Salvadors tourism revenue increased by 6%.　　The president of El Salvador, Nayib Bukele, expressed his views on the rise in tourism-related revenue in the country and advocated for the introduction of bitcoin (BTC) as legal cash. Bukele claimed that three important factors, the promotion of surf and the decline in crime were responsible for this rise.　　The president stated:　　Only a handful of countries have been able to recover its tourism to pre-pandemic levels. And thats international tourism, so the reasons behind it are mostly bitcoin and surf.　　El Salvador was recently listed among the countries whose tourism revenues have reached pre-pandemic levels. According to the World Tourism Group, El Salvador has increased its tourism-related revenue by 6% compared to 2019. The countrys tourism minister, Morena Valdez, said in February that the sector had grown by 30% since this time.　　El Salvadors Positive Approach on BTC　　Statistics also demonstrate a dramatic decline in crime and homicide since 2020 in El Salvador. Additionally, El Salvador

2022-08-08Industriya

How Will the ‘Ethereum Merge’ Drive Polygon Matic’s Price Higher? - BitcoinEthereumNews.com

EthereumPaano Magtataas ang Presyo ng Polygon Matic ng Ethereum Merge？08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　A well-known crypto expert predicts that Polygon (MATIC), a blockchain scaling solution, will increase in value before the highly anticipated Ethereum Merge (ETH) next month. The host of Kawanihan ng barya, Guy, claims that despite a favorable environment over the previous few months, MATIC is still having a difficult time.　　Although it is begining to show signs of recovery, the MATIC token has been severely impacted by the cryptocurrency bear market and is down nearly 50% since I last covered the project in March.　　“Besides the crypto bear market, the MATIC token has been suppressed by sell pressure as indicated by the sizable increase in its circulating supply over the last few months. Since March, MATICs supply has increased by about 340 million.”.　　Despite its difficulties, the analyst predicts that MATIC will soar as Ethereum switches from a proof-of-work to a proof-of-stake system. Guy claims that by making the switch, Polygon will gain access to more environmentally friendly scaling solutions.　　“MATIC is likely to continue its short-term rally regardless of these fundamentals and that‘s because of Ethereum’s upcoming transition to a proof of stake, which is taking

2022-08-08Ethereum

Justin Suns Poloniex Launches Trading For Potential Ethereum Hard Fork Tokens - BitcoinEthereumNews.com

EthereumAng Poloniex ni Justin Sun ay Naglulunsad ng Trading Para sa Potensyal na Ethereum Hard Fork Token08 / 08 / 2022Balita ng Ethereum ng Bitcoin- Advertising -　　Poloniex launches trading for potential Ethereum hard fork tokens 18 hours early.　　Tron founder Justin Sun in a tweet on Sunday, confirmed that his exchange Poloniex had launched trading for the potential Ethereum hard fork tokens, ETHW for the Proof-of-Work (PoW) chain, and ETHS for the Proof-of-Stake (PoS) chain, 18 hours ahead of schedule as he claims there is high demand.　　“ETHW and ETHS trading are now live on Poloniex! We planed to go live on August 8th, but after strong community demand, we managed to deliver the product 18 hours early to go live on August 7th 4 pm SGT! Enjoy trading!” Sun tweeted.　　ETHW and ETHS trading is now live on @Poloniex! We planed to go live on August 8th, but after strong community demand, we managed to deliver the product 18 hours early to go live on August 7th 4pm SGT! Enjoy trading! https://t.co/i09TeskJvg　　— SIYA Justin Sun???????????? (@justinsuntron) Agosto 7, 2022　　It is worth noting that there have been growing speculations of a potential Ethereum PoW fork as the Ethereum Merge approaches. The push for

2022-08-08Ethereum

The A-Z of how Ethereum-based NFTs have been doing so far - BitcoinEthereumNews.com

EthereumAng AZ kung paano ginagawa ang Ethereum-based na mga NFT sa ngayon08 / 07 / 2022Balita ng Ethereum ng Bitcoin　　According to data from NFT data aggregator CryptoSlam, the sales volume for NFTs minted on the Ethereum network has fallen gradually since the begining of August.　　In fact, at the time of writing, total sales made on the chain stood at $82,541,608.15. This represented a 10% decline over the last seven days alone.　　Now, how have leading NFT collections on the Ethereum network fared over the aforementioned period？　　Mga CryptoPunks　　This is a collection of 10,000 uniquely generated characters. At press time, the floor price for the NFT collection was 74.49 ETH, after hiking by 9.54% over the last seven days.　　So far this month, $8.34 million has been totalled as sales volume for the collection, as per data from NFTGo. This has seen a hike of 135% within that period. Following a 3.21% uptick over the last seven days, the collections market capitalization was spotted at $2.41 billion.　　Pinagmulan: NFTGo　　However, significant trading activity has been underway over the last 24 hours. In fact, data from CryptoSlam put CryptoPunks atop others projects as the NFT collection with the highest sales volume over the last 24 hours.　　Pinagmulan: CryptoSlam　　Bored

2022-08-08Ethereum
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