Ethereum has had a solid weekend with further gains lifting it towards $200. Network fundamentals have also been strong so far this year which has seen ETH gain 45%.
Ethereum Up 5%
ETH prices have gained 5% over the past 24 hours, topping $190 for the first time since early November. According to Tradingview.com Ethereum touched $195 briefly before pulling back slightly a few hours ago.
Prices started out in January at around $130 and have since made over 45% to reach current levels. The psychological $200 barrier lies ahead and beyond that, analysts are targeting $220.
Ethereum is still attractively priced at 86% down from its peak and can still be considered in a bear market. This will remain the case until it can top $400 which may well happen this year.
ETH Trade update 50% profit booking target for COINBASE:ETHUSD by wallstreetsharks https://t.co/QrO1ifCNkH pic.twitter.com/BAroBYdG82
— Bitcoin (@bitcoinagile) February 3, 2020
Fundamentals Looking Solid
Ethereum has had a good month in January both technically and fundamentally. ConsenSys has been looking into the figures which continue to strengthen for the Ethereum network.
It has been a good month for decentralized finance with record amounts of ETH being locked up. There is over 3 million ETH locked as collateral for DeFi markets and in USD terms a record $909 million in total value according to defipulse.com.
DeFi markets are not far off the $1 billion mark which could be just around the corner with rising Ethereum prices.
Maker’s multi-collateral DAI surpassed the 100 million DAI threshold while MakerDao’s Oasis platform now provides a Dai Savings Rate (DSR) of 7.75%. The review added that popular no-loss gambling app Pool Together achieved its highest weekly payout to date of 700 DAI.
More bullish Ethereum figures followed including the number of dApps on the platform which currently stands at over 3,300. January had 5,200 dApp smart contracts in use, and over 40,000 traders using DEXes.
There are now three ETH 2.0 Testnets are available on Github and $650k in grants awarded by the Ethereum Foundation to infrastructure projects. Additionally, Gitcoin conducted a widely successful pilot of quadratic voting which provided 200k in grants to technology and media categories.
Ethereum staking has already started to take off with over 1 million ETH already primed for Beacon Chain. The ETHDenver event is also less than two weeks away and this, the largest Ethereum hackathon in the world, is also attracting some huge sponsors.
Ethereum has enjoyed a bullish start to the year and it is currently showing no signs of slowing down.
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Although Bitcoin has been stealing the spotlight as it hovers above $15,000, Ethereum has been keeping pace and has actually outperformed BTC so far this year. Analysts are calling for another big move up based on developing fundamentals.
Ethereum has seen an increase in user activity throughout 2019. Backed by the strong growth of DeFi, the ecosystem is expected to expand rapidly entering into 2020. According to Joseph Lubin, the co-founder of ConsenSys which is considered to be the largest blockchain development software firm, the fundamentals of Ethereum are strengthening.
Bitcoin has been getting all the attention recently as it has doubled in price since early April. The big move has shifted total market capitalization over $250 billion for the first time in ten months.
Ethereum’s on the chain and off chain fundamentals are strongest than they have been in years with its price showing great potential becoming the “most attractive alt”. In the past three months, Ethereum has surged 62 percent from $103 in early February to the current $167.
Ethereum has been in the doldrums lately. Bitcoin has made all the moves generally lifting crypto markets and increasing its own dominance largely at the expense of the higher cap altcoins such as Ethereum and XRP.
It was only a matter of time before Ethereum woke up and started enjoying the gains that Bitcoin has been reveling in recently. Some solid fundamentals were all that was needed to give ETH a. . .
As the price of Bitcoin (BTC) and other crypto assets have boomed, so have the underlying fundamentals of this embryonic space. Reports have revealed that Ethereum (ETH) may soon transition to the early stages of Proof of Stake (PoS) integration, ensuring scalability is on its way.
Booming Bitcoin Fundamentals While Bitcoin (BTC) is still currently trading in late-2017 levels, a lot has changed over the past year and a half. As a number of key industry commentators have pointed out, the.
Ethereum (ETH) add 2. 8 percent ProgPOW funding secure, Berlin’s Least Authority to audit Ethereum Price Analysis Fundamentals Ethereum (ETH) is superior and an upgrade of Bitcoin. Its native currency in ETH can operate within an ecosystem, powering smart contracting as a settlement coin.
Bitcoin Network Showing Clear Bullish Signs According to Bitcoin Bravado analyst Jack, cryptocurrencies, especially BTC, are looking especially bullish at the moment. In a recent Twitter post, the trader drew attention to three figures to.
Ethereum prices above $170 Increasing competition means Ethereum 2. 0 must launch on time despite the first-mover advantage Morpheus Labs, Cardano, Binance, Tron, and EOS are fierce competitors. Therefore, Ethereum coders accelerating their development mean Ethereum 2.
POA is underrated. Period. Let’s Explore why? Strong Fundamentals POA Network is an open-source, public sidechain of the Ethereum protocol, which uses a Proof-of-Authority algorithm as its consensus system.
Transactions per day and daily active addresses have begun to increase slowly over the past month, with unique ETH addresses also increasing at a rapid pace.
Ethereum prices in an uptrend, add 9. 3 percent Break above $190 and $200 ought to be with high transactional volumes ConsenSys are building and developing infrastructure, apps, and tools useful in the Ethereum ecosystem.
Ethereum prices up 25. 2 percent Volumes drop after last week’s rally, but participation would drive levels up Grayscale Investment did re-balance their holdings reducing their exposure of Ethereum (ETH) by 0.
Ethereum Sees Monumental Fundamental Growth According to Anthony Sassano, an Ethereum (ETH) fanatic and industry content creator, recently revealed that by many measures, his favorite blockchain is doing just fine.
Ethereum prices up 2. 8 percent 30,789 ETHs transferred from Cryptopia’s wallet to an unknown address. $4. 2 million worth of Ethereum (ETH) from Cryptopia is now at an unknown address after Jan hack.
Booming Crypto Industry Many argue that it’s hard to make a case that the crypto industry is healthy. The value of Bitcoin (BTC) collapsed by 80% of 2018, as the zany bubble of 2017 unwound;.
Almost a month after the Constantinople Hard Fork, ETH fundamentals show transactions per day and daily active addresses have begun to increase, with unique ETH addresses also increasing at a rapid pace.
Ethereum prices up four percent in the last day Justin—Vitalik rivalry continues Volumes low despite today’s revival In response to Vitalik previous comments, Justin Sun now says they shall build a monument when Tron succeeds.
Ripple (XRP) like most assets and regardless of strong fundamentals are struggling to register gains. So far, it has been three months of a ranging market. However, there is hope and the longer the BB squeeze, the stronger the breakout.
Bitcoin Fundamentals Still Better Than Ever It isn’t a secret that the fundamentals of the cryptocurrency space are looking rather hot. Spencer Bogart of Blockchain Capital told Bloomberg TV that this nascent space is still.
Bitcoin Price’s Story of Failure: Next BTC Value Is $102,000 – $336,000 USD Assuming Same Patterns Bitcoin has suffered through criticism by the traditional market for quite some time, but Bitcoin has continually prevailed.
For the umpteenth week in a row, a viable argument can be made that the crypto industry saw a solid seven days. Save for one or two shortcomings, the news cycle remains more positive than not, while the Bitcoin price has continued to bounce around in a tight range.
Crypto Winter Catalyzed Disconnection Between BTC and Bitcoin Fundamentals The so-called “crypto winter” has brought pain to this industry for a tad over a year now. Since late-2017/early-2018, the value of Bitcoin (BTC) has struggled,.
Ethereum network fundamentals are on pause once again as the Constantinople hard fork has been delayed until February 27th. A reduction in ETH issuance will affect not only the annual inflation but also mining profitability.
CNBC Trader Bearish On Bitcoin (BTC) — Contrarian Indicator? Anthony Grisanti, a CNBC guest and futures trader, recently sat down with the outlet’s “Futures Now” segment to talk about Bitcoin (BTC).
Following the Byron Phase, the 11th largest digital coin by market per announcement will enter the Shelley phase in Q1 2019. The fundamentals set by Byron when it comes to interaction, Shelley will be commenced with the target to lure more developers towards the platform with more features and stability.
Ethereum network fundamentals will remain in a holding pattern until after the Constantinople hard fork next week. A reduction in ETH issuance will affect not only the annual inflation but also mining profitability.
Ethereum network fundamentals will remain in a holding pattern until after the Constantinople hard fork next week. A reduction in ETH issuance will affect not only the annual inflation but also mining profitability.
Bitcoin Lightning Networks Starts 2019 Off Strong Although the crypto market has barely budged since New Year’s Day, save for Sunday’s surge, Bitcoin’s fundamentals have continued to outperform, starting off 2019 with a proverbial bang.
Bitcoin Fundamentals Hinting At Bear Trend Willy Woo, a leading Australian crypto researcher, analyst, and commentator, recently took to his well-followed Twitter feed to convey his latest bit of Bitcoin (BTC)-related analysis.
This year’s crypto rout has been more painful for some than others. Ethereum has been one of the heavy sufferers, affected by fundamentals beyond just a bearish market. Ethereum’s Ups and Downs Several factors have driven Ethereum prices into the ground this year.
Decred co-founder Jake Yocom-Piatt is convinced the ICO model “died” in 2018 and numerous failures have been recorded in the process. However, he also believes that 2019 will offer something exciting: “2019 will not be about exciting new ways to use blockchains.
Latest Ethereum News In a milestone case— Copytrack Pte Ltd v Wall–noted by the University of Oxford Faculty of Law and published by the Business Law Blog, it is likely that relevant laws shall apply regarding claims of lost or stolen cryptocurrencies.
It’s no secret that 2018 has been a rough year for cryptocurrencies, with Bitcoin falling over 80% from its 2017 highs, and most major altcoins dropping 90% or more. Despite the market’s poor performance, one venture capitalist laid out his case for why Bitcoin and Ethereum are currently oversold from a fundamental standpoint.
“Don’t Let The [Bitcoin] Price Distract You” Ardent Bitcoin advocate Anthony Pompliano, better known as “Pomp” in the cryptosphere, recently took to his well-followed Twitter soapbox to tout the fact that in spite of BTC’s price decline, the fundamentals of the network backing the asset are undoubtedly booming.
It has been pretty quiet around NEO in the recent months – the chinese Ethereum killer is still in limbo over what will their government do about blockchain in general. But that didn’t stop them to improve the technical side of the project, nor the teams that launched their tokens on NEO network to keep […]
The post Are we still bullish on NEO? If you care about fundamentals, then the answer is yes! appeared first on CaptainAltcoin.
From the onset of this article, I would like to let the reader know that I am not a Technical Analysis expert. Any further opinion in this piece is based purely on fundamentals and observations. Therefore, looking at the performance of BTC since the expiration of last month’s CME Bitcoin Futures contracts on the 26th […]
The post Why An SEC Announcement Is What Stands Between Bitcoin (BTC) and a $7,200 Price Value appeared first on Ethereum World News.
Amid a declining market, one of the crypto industry’s foremost events recently flew under the radar of many investors. The event, Devcon4, an Ethereum-centric event attended by some of this industry’s best and brightest, highlighted the fact that while the market is tanking, crypto’s fundamentals are booming beyond belief.
While cryptos remain weak amid pessimistic macro developments, Maker (MKR) displayed resilience with substantial price gains over the past week. The altcoin trades at $1,196 after gaining 10% and over 25% in the past day and week.
The decentralized finance (DeFi) landscape is ever-evolving, and the recent developments surrounding the stablecoin-focused protocol Sky, formerly known as MakerDAO, highlight the complexities of brand identity and community engagement in the crypto space.
In a strategic move to accelerate decentralized finance (DeFi) adoption, Maker Protocol has undergone a rebranding and is now known as Sky. Alongside the new name, the protocol has introduced new titles for its governance tokens and an enhanced version of its stablecoin, DAI.
Maker (MKR) has experienced a notable surge following the announcement of Grayscale Investments’ Grayscale MakerDAO Trust. Grayscale, the world’s largest crypto asset manager, has introduced this innovative investment vehicle to provide exposure to MKR, the governance token of MakerDAO.
In response to market volatility, MakerDAO, a leading decentralized autonomous organization (DAO), has initiated temporary fee adjustments, aiming to stabilize the Dai stablecoin. Concurrently, AltSignals continues to make waves with its AltAlgo indicator and ActualizeAI program, as the ASI token gains momentum.
Will these Bitcoin Cash, Chainlink and. MakerDAO deliver expected gains for crypto whales in October 2023?
The post Crypto Whales Are Buying These 3 Altcoins for October Profits appeared first on BeInCrypto.
