Tag: ethereum (eth)

Oct 18 2020

Ethereum’s Twitter Volume Increased by 54% in Q3 Due to DeFi – Report

Summary: Social media platforms such as Twitter, Reddit and Telegram can be used to gauge investor and trader sentiment in the crypto-verse According to the latest quarterly report by eToro, Ethereum's Tweet volume surged by 54% due to DeFi Similarly, Tron experienced a 228% Twitter growth due to DeFi However, Bitcoin still dominated in Q3 in terms of Twitter mentions Over the years,...

ETH and BTC Locked in DeFi has Increased by 194% and 10,000% in 2020

Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased by 194% in 2020 The number of BTC locked in DeFi has increased by 10,000% The hype surrounding DeFi might have cooled off in the fourth quarter...

Oct 16 2020

Grayscale Now Holds 2% of Ethereum’s (ETH) Circulating Supply

Quick take: Grayscale currently manages a total of $6.3 Billion in digital assets Its Ethereum trust is worth $869.7 Million This figure is approximately 2% of Ethereum's market cap indicating Grayscale holds a similar percentage of ETH's circulating supply The team at Weiss Ratings predicts an 18% spike in Ethereum's value once ETH2.0 is released A few hours ago, the team at Grayscale...

OKEx Incident Could Push More Crypto Users to Defi Protocols

Quick take: OKEx has halted all crypto withdrawals One of the exchange's private key holders is currently with authorities regarding an investigation Crypto outflows from OKEx are at zero The current incident is a reminder to crypto users that storing funds in CEXs is risky because they don't own their private keys DeFi could benefit as a result of the OKEx incident The...

Oct 15 2020

UniSwap Protocol Integrated into Tradingview

Quick take: Tradingview has added charts for trading pairs on the Uniswap protocol Typing 'UNISWAP:' into the Tradingview search box populates the top 100 symbols by Liquidity Uniswap continues to dominate the Decentralized Exchange industry Traders and investors using the UniSwap Protocol can now chart their favorite trading pairs on TradingView. Users of TradingView need only type 'Uniswap:' to access the top 100...

Oct 13 2020

Ethereum’s (ETH) Daily Active Addresses Continue to Decline Since July

Summary: The number of unique Ethereum daily addresses interacting with the ETH network has continued to decline since July The decline has accelerated since mid-September Back in August, Crypto analyst Timothy Peterson had predicted that Ethereum's network activity was in a decline and could lead to ETH losing half its value The number of daily active addresses on the Ethereum network has continued...

Ethereum Price Forecast: ETH Still Has A Clear Path To $400

Ethereum rejected at $395, leaving $400 unconquered. ETH/USD reacts to oversold conditions, but on-chain analysis highlights the most robust support between $351 and $361. Ethereum majestically closed in on the psychological resistance at $400. However, the smart contract giant hit a barrier at $395, leaving $400 unconquered. Meanwhile, ETH/USD is teetering at $384 amid an The post Ethereum Price Forecast: ETH Still Has...

Oct 11 2020

Report: Ethereum (ETH) Holds 96% of Total Transaction Volume in DeFi

Summary: Ethereum continues to dominate the DeFi ecosystem In Q3 2020, Ethereum held 96% of DeFi's total transaction volume Dapps that account for the majority of the total transaction volume were Uniswap, MarkerDay and Curve The team at DappRadar has released Q3's Decentralized Finance Report in which they analyze Dapp activity on the several blockchains of Ethereum (ETH), Tron (TRX), EOS, IOST, Ontology...

Oct 10 2020

Ethereum’s top 5 NFT Marketplaces Exceed $1M in Daily Volume

In summary: The top 5 NFT marketplaces on Ethereum have surpassed a 24-hour trade volume of $1 Million Such a high trade volume was usually reached after a week of NFT trading NFTs (Non-Fungible Tokens) are gaining popularity in an era of digital ownership As Bitcoin and Ethereum continue on their bullish climb towards $11k and $400 respectively, another industry in the name...

Oct 09 2020

Report: Expect Ethereum To Lose the #2 Spot to Tether (USDT) in 2021

Quick take: The team at Bloomberg has predicted that Ethereum could lose the number 2 spot to Tether (USDT) by next year Increasing demand and adoption of stablecoins is the major force behind Tether's rise Stablecoins are a precursor of CBDCs and will most likely be more enduring than altcoins Ethereum has had a relatively stagnant market cap since 2017 when compared to...

Oct 08 2020

Ethereum Price Forecast: ETH On The Cusp Of Breakdown To $300

Oct 08 2020 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum has been rejected at the 100 SMA; the path of least resistance is downwards. ETH/USD is dealing with the absence of substantial support as highlighted by on-chain analysis. Ethereum is...

Oct 06 2020

Ethereum’s (ETH) Mean Hash Rate Hits New All-Time High Thanks to DeFi

Quick take: Ethereum's mean hash rate has hit a new all-time high of 250 Terahash per second Ethereum's hash rate has grown by 80% since the beginning of the year This is as a result of increased interest in DeFi MetaMask also hit a new milestone of 1 Million monthly active users thanks to DeFi High user activity on Ethereum (ETH) has resulted...

Oct 04 2020

Ethereum’s (ETH) Transaction Volume Grew By $109 Billion in Q3, 2020

Quick take: DappRadar has released its Q3 DApp Industry Report Ethereum's transaction volume grew by $109 Billion in Q3 when compared to Q2 Ethereum continues to dominate as the blockchain with the most DApp activity The team at DappRadar has released the Q3 Dapp Industry report which analyses the performance of 13 blockchains in the months of July, August and September. According to...

FileCoin to Immediately Dive into Defi With Mainnet Launch on Oct 15th

In summary: The Filecoin Mainnet will launch at epoch 148,888 estimated to occur on October 15th ConsenSys Codefi has added support for Filecoin to accelerate the adoption of the Network This will be by enabling users with hosting needs to find the best storage prices from reputable miners Additionally, the DeFi bridge by Codefi will enable a liquid market for lending and borrowing...

Oct 03 2020

KuCoin CEO: We’ve Identified Suspects of the Hack, $204M Recovered

In summary: KuCoin CEO, Johnny Lyu, has informed the crypto-verse that they've identified suspects behind the recent hack He explained that KuCoin is working with authorities to apprehend the suspects Another additional $64 Million in digital assets is out of the control of the hackers This brings the total to $204 Million recovered or frozen The hackers had taken approximately $280 Million from...

Ethereum’s Vitalik: More People Should Support ETH for Payments

Quick take: Ethereum's Vitalik Buterin has recommended that more people should support Ethereum for payments He cites that supporting ETH, opens the doors to a whole list of ERC20 tokens that can also be integrated into payment platforms such as MKR, UNI, WBTC and Stablecoins In terms of speed and fees, he explains there are already several layer-2 scaling solutions deployed on the...

Oct 02 2020

Ethereum Price Prediction: ETH Stuck Between Robust Resistance And Support

Oct 02 2020 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum’s rejection at $370 pokes holes in various key levels, leading to a revisit to $345. ETH/USD has a higher chance of resuming the uptrend as opposed to continuing the breakdown. Ethereum...

Oct 01 2020

Ethereum’s (ETH) Network Has Grown By 13.2% in Less Than 2 Wks

Quick take: The average number of daily active Ethereum addresses has risen from 338,375 to 389,947 in the past 12 days During this time period, Ethereum's network has grown by 13.2% The increased network activity is one reason Ethereum has its eyes set at $400 The month of October kicked off on a good note for all digital assets including Ethereum (ETH). According...

Sep 29 2020

High Revenue From ETH Fees is Attracting Miners to Join Ethereum

Quick summary: The popularity of DeFi and Decentralized Exchanges since June 2020, has led to Ethereum experiencing high ETH fees Miners are reaping big from these Ethereum transactions thus attracting new miners to the network The value of Ethereum will continue to benefit positively from the demand to pay transactions with ETH The team at Coinmetrics has released this week's SOTN (State of...

Sep 27 2020

Ethereum Projects Continue to Freeze Tokens Affected by KuCoin Hack

Quick take: Multiple Ethereum based projects affected by the KuCoin have intervened Some have frozen their ERC20 tokens with others initiating hardforks The KuCoin hack amount has increased to $203 Million and could continue climbing Almost immediately after the KuCoin hack, the team at Tether announced that it had frozen a total of $33 Million USDT stolen from the exchange. Of this amount,...

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