Ethereum (ETH)

Grayscale Investments, the digital asset manager with over $50B in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust. The company’s press release, dated November 30th, explained that the new Trust will “solely and passively” invest in SOL – the native cryptocurrency of the popular blockchain project, Solana. The product is already available for daily subscriptions by eligible individual and institutional accredited investors. The Grayscale...

Ethereum price started a fresh increase from the $3,915 support against the US Dollar. ETH price is now trading above $4,300 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $4,480 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase if it clears the $4,500 resistance zone. Ethereum price is showing positive signs above $3,300 against the US Dollar. ETH/USD could start a major...

While Ethereum and Bitcoin have touched multiple all-time highs in the last two months, Cardano hasn’t seen any new peaks since September. Launching smart contracts didn’t seem to put much wind in its sails, and its market cap continues to decline. Slow Period for Cardano As of September 2nd, 2021, ADA’s price peaked at over $3, and its market cap nearly surpassed $100 billion. This was followed by a steep dropoff on September 7th alongside the rest of the crypto market, when...

When it comes to cryptocurrency, it’s nearly impossible to ignore the fact that both bitcoin and Ethereum are the two largest examples out there, with bitcoin taking the number one spot and Ethereum in second place. However, this is just in terms of market cap. Regarding popularity, there is evidence suggesting Dogecoin takes the number one spot. The Popularity of Dogecoin Has Shot Through the Roof Dogecoin has arguably become one of the biggest cryptocurrencies in...

Key Support levels: $4,000 Key Resistance levels: $4,350, $4868 (ATH) ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions. This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls need...

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...

The NFT market and metaverse have once again been thrown into a state of euphoria as a single plot of digital land on the most popular NFT game in the crypto space, Axie Infinity, sold for 550 ETH. $2.3M for Axie Infinity Plot The plot of land in question is one of the Genesis plots on Axie Infinity, which are considered to be extremely rare as there are just 220 of them in existence. Going by today’s ETH prices, that single piece of land would be worth a whopping $2.3...

[PRESS RELEASE – Hong Kong, Hong Kong, 26th November 2021] Flurry Finance, a DeFi protocol that offers efficient cross-chain yield farming to the DeFi community, is all set to deploy its utility token RHO and its governance token FLURRY on the Polygon network on 1st December 2021. Since announcing its partnership with Polygon in August to optimize yield farming, Flurry Finance has achieved a number of key milestones including: Mainnet launched on the Ethereum (ETH) and...

It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday, the price wicked from $57K to upwards of $59k, only to get rejected almost immediately and drop to below $56K. From there, it started consolidating and...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...