Tag: ethereum (eth) news

Jul 27 2021

Ethereum 2.0 Now Has Over 200k Validators, 6.42M ETH Staked

The Ethereum 2.0 network now has over 200k validators The Ethereum 2.0 deposit contract now has 6.42 million ETH staked worth $14.857 Billion Kraken is the largest single depositor with 12.5% of all ETH in the contract Ethereum is back to trading above the 200-day moving average and could keep pushing higher with the London Upgrade on the 4th of August The Ethereum...

Jul 24 2021

The Purpose Ethereum ETF Now Holds Over 62k ETH

The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on August 4th due to fundamentals and future growth The...

Jul 22 2021

Ethereum Attempts to Reclaim $2k on News of Elon Musk Owning ETH

Elon Musk has revealed that he personally owns Ethereum, Bitcoin and Dogecoin Mr. Musk made the revelation during 'The ₿ Word' virtual conference Elon Musk also revealed that both Tesla and Space X own Bitcoin Ethereum is currently attempting to reclaim the $2k price area as support The founder of Space X and CEO of Tesla, Elon Musk, has revealed that he personally...

Jul 15 2021

Ethereum’s London Upgrade is Now Ready for Mainnet Activation

Ethereum's London Upgrade has had a successful testnet deployment The Ethereum upgrade is now ready for activation on the mainnet The London upgrade will go live on block 12,965,000 expected to occur between August 3rd and 5th of this year A total of 5 EIPs will be implemented including the highly anticipated EIP1559 Bug bounties related to the London Upgrade have been doubled...

Jul 14 2021

Ethereum’s Top 10 Whales Keep Accumulating ETH, Now Hold 20% of Supply

Ethereum's top 10 whale addresses are continually accumulating ETH The Ethereum whales now hold 20.58% of ETH's circulating supply This is the highest percentage they've held since May 2017 2.12% of their holdings was accumulated in the last 41 days Ethereum is once again trading below $2k with $1,700 being a support zone to watch The top 10 whale addresses on the Ethereum...

Jul 13 2021

ShibaSwap’s Total Value Locked hits $2.2B, Ranks 9th on All Chains

ShibaSwap is currently ranked 9th on all blockchains in terms of total value locked at $2.2 Billion ShibaSwap has eclipsed known protocols such as Venus and Synthetix ShibaSwap is also ranked 10th in 24-hour users at 9,281 SHIB/USDT is still trading below the 50, 100 and 200 moving averages on the 6-hour chart The recently launched decentralized exchange and DeFi protocol of ShibaSwap...

Jul 08 2021

Ethereum’s Conflicting On-chain Metrics Hint at a Retest of $1,750

Ethereum's current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could be a 'sell the news event' but time will...

Jul 07 2021

Ethereum’s Death Cross Could be Averted by the Aug. 4th London Upgrade

Ethereum's 50-day MA and 200-day MA look set to form a death cross later this month The death cross might be postponed or averted completely by the launch of the London Upgrade Ethereum developer Tim Beiko, has proposed the London Upgrade to be activated on August 4th at block 12,965,000 Only time will tell whether the implementation of EIP1559 will translate to market...

Jul 06 2021

SHIB Becomes ETH’s 3rd Largest Consumer of Gas as ShibaSwap Goes Live

Shiba Inu (SHIB) is now the third-largest consumer of gas on the Ethereum network This milestone is the result of ShibaSwap going live earlier today ShibaSwap is a decentralized exchange and DeFi protocol focusing on the Shiba Inu ecosystem Three tokens are at the core of ShibaSwap: SHIB, LEASH and BONE Shiba Inu (SHIB) token is now the third-largest consumer of gas on...

Ethereum’s Max. Price Lies in the Range of $75k to $175k – ETH Analyst

Ethereum's maximum price could lie between $75k and $175k This peak value could be reached in the next 15 to 20 years The analysis of Ethereum's maximum value and timeframe assumes that ETH is a technology that follows a diffusion function represented by a Gompertz Curve As with all models, the price of Ethereum may be affected by unpredictable events in the future...

Jul 03 2021

ETH Percent Balance on Exchanges Dips Below 18%, Lowest Since Nov 2018

Ethereum investors have resumed their pattern of moving ETH out of crypto exchanges The percent of Ethereum held on exchanges has dropped below 18%, its lowest since November 2018 and a 31 month low Roughly 971,616 Ethereum has left crypto exchanges in the last 30 days Over 6 million Ethereum worth $13 Billion is now locked on the ETH2.0 deposit contract Ethereum's London...

Jul 01 2021

BSC, Polygon Eclipse Ethereum in Daily Transactions Due to Lower Fees

Binance Smart Chain and Polygon networks are continually eclipsing Ethereum in daily transaction count In mid-May, BSC had a peak daily transaction count of 12 million, Polygon had 9 million whereas Ethereum had roughly 1.75 million The majority of the daily transactions on these networks are happening through Dapps Binance Smart Chain and Polygon have experienced a remarkable increment of new Dapps in...

Jun 30 2021

Ethereum’s Monthly Returns in June are its Lowest Since March 2020

The monthly close is hours away and Ethereum is on track to end June with -21% in returns June 2021 has been the worst month for Ethereum since March 2020 after the Coronavirus crash However, Ethereum has had positive returns in nine of the last 12 months Quarterly returns in Q2 2021, are also in the green at 11.15% The digital asset of...

Jun 28 2021

Ethereum (ETH) Gas Fees At Their Lowest Since December 2020

Gas fees on the Ethereum network have dropped to levels last seen in December 2020 However, social sentiment towards Ethereum remains at historic lows Ethereum is once again trading above $2k with $2,400 to $2,500 a likely short- term target There is a death cross forming on the daily ETH/USDT chart Gas fees on the Ethereum network have decreased significantly since their peak value...

Jun 24 2021

Ethereum Could Retest $2,300, Sentiment at Its Lowest Since June 2018

Ethereum could retest the $2,200 to $2,300 range with the new month of July Trader sentiment towards Ethereum remains negative and at its lowest since June 2018 There is a slight possibility of Ethereum dropping to the $1,200 to $1,400 range in the weeks ahead Ethereum (ETH) is once again attempting to reclaim the crucial $2k support zone and is currently trading at...

Jun 22 2021

Ethereum Loses $2k Support, Top 10 Non-exchange Whales Keep Holding

Ethereum has lost its $2k support zone hitting a local low of $1,700 today However, Ethereum's top 10 non-exchange whale addresses keep holding Other Ethereum investors have sent $500M worth of ETH to crypto exchanges in the last week Ethereum looks set for its very own death cross in mid-July Yesterday, Ethereum lost its crucial $2k support zone as Bitcoin battled to maintain...

DCG to Buy Shares of Grayscale’s Ethereum Classic Trust Worth $50M

Digital Currency Group will purchase shares of the Grayscale Ethereum Classic trust worth $50 million Digital Currency Group is the parent company of Grayscale Investments The purchase will not be immediate and will depend on numerous factors Ethereum Classic's value has been hit hard by the ongoing crypto market pullback led by Bitcoin dropping below $30k The parent company of Grayscale, Digital Currency...

Polygon Retains DeFi Users Despite Lower Fees on Ethereum – Report

DeFi users have stuck with Polygon despite lower gas fees on Ethereum DeFi on polygon continues to experience record growth due to its affordability Total DeFi users on MATIC have exceeded 420k On June 15th, the total value locked on Polygon hit an all-time high of $11.85 Billion DeFi users that have interacted with Polygon (MATIC) are choosing to keep using the protocol...

Jun 19 2021

Ethereum (ETH) Percent Addresses in Profit Hit a 5-month Low of 90.73%

Ethereum percent addresses still in profit has hit a 5-month low of 90.73% The number of Ethereum addresses in loss has also hit a 5-month high of 5.542 million Ethereum miner revenue has also reached a 3-month low of $1.121 Million 187k ETH has been sent to crypto exchanges in the last week and could be the onset of capitulation The percent of...

Polygon Devs. Propose a Modified Implementation of EIP-1559 on MATIC

The Polygon (MATIC) development team has opened discussions for the implementation of EIP-1559 on its network MATIC has a fixed supply therefore implementation of EIP-1559 would mean restructuring payouts The development team proposes the implementation of EIP-1559 on Polygon without burning the base fee They propose that the base fee be sent to the foundation contract account where the MATIC community will decide...

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