ETH can overtake BTC to become the main digital store of value, Goldman Sachs says

American investment bank Goldman Sachs has become the latest organisation to give Ethereum (ETH/USD) a vote of confidence. The bank believes ETH’s real-life use cases might see it topple Bitcoin (BTC) to become the leading digital store of value in the next few years.

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Here's What Will Support ETH's Value in the Future, Cameron Winklevoss States

Gemini exchange cofounder has opined that ETH's value will be supported in the future and what can push ETH's demand to the moon

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$300 million staked in ETH 2.0 is the 'ultimate bet on progress' says Buterin

As 2% of all ETH supply is now in the ETH 2. 0 deposit contract, the total value staked is around 2. 2 million $ETH. Source: Crypto Quant This shows immense confidence on part of the Ethereum comThe post $300 million staked in ETH 2.

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DeFi TVL Reaches $20 Billion While ETH Locked Dwindles

The total value locked (TVL) figure for the decentralized finance ecosystem has reached a record level just shy of $20 billion. However, more and more Ethereum is being withdrawn from the space. Decentralized finance (DeFi) has hit another milestone in terms of total value locked according to metrics provider DeFi Pulse.

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ETH price effect? DeFi's Total Value Locked crosses $18 billion

The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeThe post ETH price effect? DeFi's Total Value Locked crosses $18 billion appeared first on AMBCrypto.

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DeFi Total Value Locked Nears $20 Billion as ETH Price Increases

Ethereum has followed the meteoric price growth that Bitcoin has recently seen, smashing through $1,000 per ETH and eclipsing a $100 billion market cap. With these increases in price, we are also seeing a coinciding increase in total value locked in decentralized finance (DeFi) applications.

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Bitcoin, Ether, and XRP Weekly Market Update January 4, 2020

The total crypto market cap added $102 billion to its value for the last seven-days and now stands at $824 billion. The top 10 currencies were mostly in green for the same time period with ether (ETH) and Polkadot (DOT) adding 39.

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Ethereum, Synthetix, Dogecoin Price Analysis: 02 January

Ethereum reached a high of $759, a value ETH previously held in April 2018. Etheruem bulls would seek to hold on to the $725 and $700 levels of support over the coming days in the case of a dip. DogecThe post Ethereum, Synthetix, Dogecoin Price Analysis: 02 January appeared first on AMBCrypto.

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Ethereum is Gearing Up for a Massive Breakout; Here’s How High It May Surge

Ethereum has been seriously underperforming Bitcoin over the past few weeks, which comes as most altcoins lose significant value against BTC ETH has seen a few sharp rises that have helped it to buck this trend and gain some ground against BTC However, it has still been generally unable to keep up with Bitcoin’s massive momentum This trend may not last for long, however, as one analyst is now pointing to a few factors that […]

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ETH 2.0 Effect: Ethereum Staked Value & Miner Revenue Continue to Uptrend

Ethereum 2. 0 deposit contract continues to amass more and more ETH. The trend particularly gained momentum after ETH 2. 0 finally went live on Dec. 1st. More than 81,500 ETH were deposited to the contract on Tuesday, bringing the total staked value to about 1.

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Bitcoin, Ether, and XRP Weekly Market Update December 7, 2020

The total crypto market cap added $22. 8 billion to its value for the last seven days and now stands at $573. 4 billion. The top 10 currencies are mostly flat for the same time period. By the time of writing bitcoin (BTC) is trading at $19,300, ether (ETH) moved up to $597.

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Ethereum Transaction Volume & Daily Active Wallets Took a Hit in November: DappRadar

November was a shaky month for Ethereum as it prepared for the launch of ETH 2.0. Amidst the excitement for the next phase, the total value locked in Ethereum DeFi showed erratic movements. But the increase in prices helped TVL reach $13 billion by the end of the month, while adjusted TVL was around $11 […] The post Ethereum Transaction Volume & Daily Active Wallets Took a Hit in November: DappRadar first appeared on BitcoinExchangeGuide.

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Ethereum Options OI hits new ATH on Deribit

Top derivatives exchange, Deribit has hit a new all-time high in terms of open interest for Ethereum options. The Exchange announced on 4 December that it hit this new peak as the value of the ETH optThe post Ethereum Options OI hits new ATH on Deribit appeared first on AMBCrypto.

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SUSHI on Altcoin Party Menu, Collaborating with Yearn on a ‘Stealth Project’

Both Bitcoin and ETH are constantly moving up and down dramatically as investors continue to scoop off coins in the spot market while leverage continues to dominate the derivatives market. Amidst this, DeFi tokens rallied, and the total value locked in the sector is near ATH at $14.

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DeFi ‘Monster’ Aave is Ready for the Next Phase of Adoption

DeFi assets are back to uptrending as Bitcoin and ETH continue to explode higher. The total value locked in decentralized finance is also rising, reaching $14. 2 billion. Market participants are excited by the latest developments put out by DeFi heartthrob Andre Cronje, the creator of Yearn.

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NFT Painting of Buterin in Harlequin Garb Sets Record in Weekend Crypto Art Sale

"EthBoy," created by Trevor Jones and Alotta Money sold for 260 ETH, setting records for the highest dollar value of a cryptographic painting to date.

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Here's why Ethereum's value proposition may not be about scarcity

Ethereum's Vitalik Buterin recently commented on the maximum supply of ETH, stating that the current issuance schedule is approximately 4.7 million per year for the next 1-2 years, or however long it The post Here's why Ethereum's value proposition may not be about scarcity appeared first on AMBCrypto.

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Bitcoin, Ether, and XRP Weekly Market Update November 9, 2020

The total crypto market cap added $40. 2 billion to its value for the last seven days and now stands at $443. 1 billion. The top 10 currencies were mostly in green for the same time period with ether (ETH)  and bitcoin (BTC) leading the pack with 14 and 12 percent increase respectively.

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Ethereum Foundation's Jameson slams NEAR Protocol exec's FUD-inspiring take

The last few days have brought good news for the Ethereum community. Not only did ETH rise on the charts, climbing to $441 from a value of $382 just under a week ago, but the community also welcomed tThe post Ethereum Foundation's Jameson slams NEAR Protocol exec's FUD-inspiring take appeared first on AMBCrypto.

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Bitcoin and Ether Market Update November 5, 2020

Total crypto market cap added 11. 4 billion to its value for the period since Monday morning and now stands at $413. 6 billion. The top ten coins were all in green for the last 24 hours with ether (ETH) and bitcoin (BTC) being the top performers with 6.

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Ethereum Struggles While Bitcoin Rises

Ethereum has lost nearly half of its value against bitcoin with the ratio dropping from 0.041 BTC per eth to now 0.027 as pictured above. The ratio has been dropping...

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Ethereum 2.0 Deposit Contract found on Github

The growth of Ethereum has been experiencing a slow down compared to its journey in the first half of the year. As the crypto market deals with a much volatile period right now, ETH's value has trendeThe post Ethereum 2.

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Ethereum’s Ratio Breaks Support

Ethereum’s value against bitcoin has fallen by 22% since last month, with it breaching that support level of 0.03 this Tuesday. One eth is now worth 0.029, significantly below the...

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Bitcoin and Ethereum Have Transferred $2 Trillion in Value This Year

Bitcoin and ethereum have transferred a combined $1.8 trillion during 2020 according to Messari, a data analytics company. That’s significantly more than last year when eth transferred only $300 billion,...

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Ethereum Value Transactions Now Outstrip Bitcoin Two-to-One

Massive spikes in stablecoin and decentralized finance (DeFi) transactions have seen Ethereum (ETH) overtake Bitcoin (BTC) in total value transaction volume. The Ethereum network has also suffered multiple network congestions owing to this uptick.

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bZx’s Third Exploit of 2020 Ends With $8 Million Lost

Less than two weeks after re-deploying on mainnet, bZx has been exploited for $8.1 million of LINK, ETH, and stablecoins. The incident caused the BZRX token to fall over 30%, as the value of the token secures protocol deficits.

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Bitcoin and Ether Market Update September 10, 2020

The total crypto market cap added $7. 2 billion to its value since Monday morning and now stands at $335. 2 billion. The top ten coins were mostly in green for the last 24 hours with ether (ETH) adding 6.

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Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks

The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours.

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Ethereum Can Have Value for Its Utility, Not Scarcity, Plan B Analyst Claims

Prominent analyst Plan B, a renowned fan of Bitcoin, shares his view about Ethereum and explains why ETH and Bitcoin are valuable for opposite reasons

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Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2. 4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions.

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Chi Gastoken Pops on Promise of Lower Transaction Fees

1inch exchange’s Chi Gastoken (CHI) promises token swaps with lower fees. The value of the token rocketed this past month, but does it do what it was designed for? Anyone who has been chasing tokens on Uniswap or moving ETH has noticed the sky-high transaction fees.

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Bitcoin and Ether Market Update August 13, 2020

Total crypto market cap lost $5. 2 billion of its value since Monday morning and now stands at $358. 5 billion. Top ten coins were all in green for the last 24 hours with ChainLink (LINK) and ether (ETH) being the best performers with 29 and 6 percent of gains respectively.

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Ethereum Transaction Fees Are Reaching Highs Not Seen Since 2015

Despite stagnation in the value of ETH, demand for Ethereum transactions continues to increase day after day. This is largely due to the growth seen in what is known as decentralized finance — or “DeFi.

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Crypto Long & Short: 51% Attacks and Open-Source Value

Ethereum Classic's recent 51% attacks highlight the value of large open-source networks such as Bitcoin and Eth – it’s about more than hashrate.

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Ethereum Could Soon Burst Past $400: This Eerie Fractal Shows Why

Ethereum is preparing for another massive breakout, according to a fractal analysis by a cryptocurrency trader. This comes after ETH underwent a strong drop on Friday, responding to a drop in the value of gold and U.

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Ethereum is one step closer to 2.0 mainnet launch as ETH value proposition grows

Ethereum’s value proposition has been on the rise as the launch of the ETH 2 mainnet upgrade looms on the horizon. The post Ethereum is one step closer to 2.0 mainnet launch as ETH value proposition grows appeared first on CryptoSlate.

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Ethereum holders register profits unseen since 2018

Being the second-largest cryptocurrency, Ethereum has been witnessing a boost in interest from traders. Over the past two weeks, ETH's value broke out of consolidation and was on an uptrend, noting a The post Ethereum holders register profits unseen since 2018 appeared first on AMBCrypto.

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Ethereum DeFi’s Flagship Coin, MakerDAO, Is Down 55% Against ETH in 2020

Ethereum’s decentralized finance (DeFi) sector has undergone parabolic growth over the past few months. The value of coins locked in DeFi protocols has surged to a cumulative $4. 25 billion for the first time ever.

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights.

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Despite DeFi's boom, only 5.85% [$3.7 billion] of value is secured by Ethereum

With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4. 1 millionThe post Despite DeFi's boom, only 5.

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Despite DeFi's boom, it is only 5.85% [$3.7 billion] of value secured by Ethereum

With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4. 1 millionThe post Despite DeFi's boom, it is only 5.

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Research firm: Ethereum 2.0 and EIP-1559 will boost ETH’s long-term value proposition

Unlike Bitcoin, Ethereum has not earned the status of being a digital store of value. The post Research firm: Ethereum 2.0 and EIP-1559 will boost ETH’s long-term value proposition appeared first on CryptoSlate.

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce.

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MakerDAO Is DeFi’s Biggest Winner as ETH Price Explodes

MakerDAO has reached a billion dollars of locked value as its primary collateral, ETH, rose 40% in the last week. As the first DeFi protocol to reach ten figures in...

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Bitcoin, Ether, and XRP Weekly Market Update July 27, 2020

The total crypto market cap added $33. 5 billion to its value for the last seven days and now stands at $306. 2 billion. The top 10 currencies were mostly in green for the same period with ether (ETH) and Litecoin (LTC) leading the pack with 35.

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Bitcoin and Ether Market Update July 23, 2020

Total crypto market cap added $11. 6 billion to its value since Monday morning and now stands at $284. 2 billion. Top ten coins are all in green for the last 24 hours with ether (ETH) and ChainLink (LINK) leading the pack with 7.

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Ethereum Now Settles More Value Than Bitcoin Thanks to Stablecoins

Ethereum has trounced Bitcoin to become the top public blockchain in terms of daily value settled. Despite roaring fundamentals, however, its native token ETH has failed to react. Stablecoins Push...

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Ethereum accounts for 51% of value held on the blockchain

With the rise of altcoins and stablecoins, the value of ETH only comprises 51%...

The post Ethereum accounts for 51% of value held on the blockchain appeared first on Coin Journal.

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DeFi Frenzy Drives Combined Market Cap of ERC-20 Tokens to Surpass ETH

The overall valuation of tokens built on top of Ethereum blockchain, especially the most popular ERC-20 tokens, has surpassed the value of ETH itself. The primary catalyst behind this phenomenon is being attributed to the recent surge in popularity of defi tokens, which are mostly ERC-20 based.

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