Ethereum (ETH)

Unfortunately, we had another week of particularly choppy price action where most of the cryptocurrencies are trading in the red. Ethereum is an exception with a rather insignificant gain over the past seven days. Bitcoin Bitcoin is down a total of 4.7% over the past week as it breaks back beneath $33,000. The cryptocurrency started the week looking promising after double bottoming around $31,600. From there, it started to surge higher as it formed a short-term rising price...

The analysts project staking yields across the blockchain industry to double again to $40 billion by 2025 after the next phase of the energy-efficient Ethereum 2.0 is unveiled.A new JPMorgan report has revealed that the launch of the Ethereum 2.0 network will take the lid of the proof-of-stake (PoS) consensus mechanism and make staking yields a more attractive and steady source of income for both institutional and retail investors.JPMorgan analysts are expecting payouts more than double to...

The popular DeFi project Balancer Protocol has joined the fight against high fees by launching on the Layer-2 solution – Polygon. Upon the transition from Ethereum, Balancer also announced new token incentives, which came into effect from June 28th. Balancer Joins Polygon Promising to “turn the concept of an index fund on its head,” Balancer is a DeFi project enabling users to collect fees from traders instead of portfolio managers. The protocol announced its latest...

[PRESS RELEASE – Singapore, Singapore, 1st July 2021] CENTRE, a consortium run by crypto exchange Coinbase and payments firm Circle has announced the support to issue USD Coin (USDC) on TRON, one of the largest and most popular blockchain-based operating systems in the world. USDC was on Ethereum in 2018 and expanded to Algorand, Stellar and Solana in the second half of 2020, as of June 2021 TRON is now the fifth chain to issue USDC with more to follow in the latter half of...

According to Messari, USDC is all set to become the next governing stablecoin on Ethereum due to its rising popularity on DeFi.USDC has emerged as one of the fastest rising stablecoin on Ethereum and has occupied a position as the next ruling stablecoin. A registered 50% fall in the prices of Tether’s share as stablecoin gave USDC a chance to grow much bolder in the face of financial market value and position. Research and analysis teams on crypto variants and trading platforms have...

Litecoin price started an upside correction above the $120 zone against the US Dollar. LTC price is now well above the $130 level and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend lien with resistance near $128 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $145 and $150 to start a fresh rally in the near term. Litecoin price is slowly gaining pace above $130 against the US Dollar, unlike...

Twitter has become the latest entity to drop its own NFT collections despite a decrease in the hype surrounding non-fungible tokens. Announcing the development today, the social media platform revealed that it has created 140 NFTs, which will be distributed freely to 140 users. While the NFTs are free, about seven of them have already been listed on the Ethereum-based platform, Rarible, with a “not for sale” disclaimer. At the time of writing, the bidding price for each of...

ETH/USD – Ether Stalls At Bearish .382 Fib & 20-day MA Key Support Levels: $2100, $2036, $2000.Key Resistance Levels: $2160, $2240, $2300. Ethereum rebounded from support at $1710 (mid-March support) over the weekend and went on to recover by a total of 25% from the low to reach the current $2142 level. After rebounding, it immediately broke above the 200-day MA and continued beyond $2000 on Monday. Since breaking $2000, ETH reached as high as $2240 yesterday but failed...

CoinMarketCap reveals that the feature is accessible on the pages of supported coins.Crypto market data aggregator CoinMarketCap (CMC) through integration with non-custodial decentralized crypto exchange Uniswap has launched a token swap feature on its website. CMC is one of the most visited finance portals in the world. According to data by SimilarWeb, the site had upwards of 270 million visitors last month.This new addition does not automatically come with all of the tokens listed on its...

In a market-wide recovery on Tuesday, Bitcoin and Ethereum have reclaimed crucial levels after a week-long volatile session. Check out some interesting on-chain metrics for the two cryptos.Amid the ongoing volatility in the crypto market Bitcoin (BTC) and Ethereum (ETH) have managed to seal their position above key resistance. During the crypto market recovery on Tuesday, June 29, the Bitcoin price move past $35,000 levels.This price surge was crucial for BTC investors as the world’s largest...