Ethereum (ETH)

Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees.The Booming DeFi SpaceThe massive increase in popularity of decentralized finance (DeFi) led to the creation of hundreds of projects, each one battling to garner the user’s trust. One of the more successful ones is...

It’s a bloody day on the markets across the board. Cryptocurrencies experienced substantial losses, while traditional markets also opened in the red, highlighting the current correlation.Bitcoin dipped below $30,000 while the entire capitalization dropped below $900 billion.Cryptocurrency Markets SufferAs CryptoPotato reported earlier today, Bitcoin continued its regress today, sliding by almost 7% at one point. The cryptocurrency dipped to as low as $29,150 on Bitstamp, and even though it...

Staying bullish on Ethereum (ETH) as a potential growth asset, Galaxy Digital announced new ETH funds with onshore and offshore investment facilities.Wall Street veteran Mike Novogratz‘s crypto investment firm Galaxy Digital is planning the launch of multiple Ethereum funds. In a document accessed by The Block, the firm has mentioned that it will be launching the Galaxy Ethereum Fund soon. Besides, it will bring two other ETH-funds focused on onshore and offshore institutional investors.The...

The lawsuit between Ripple and the Securities and Exchange Commission (SEC) is starting to heat up.Ripple Could Be Heading to a Point of No ReturnHere’s a little background on the case. Less than a month ago, the financial agency filed a civil suit against Ripple, which issues the fourth-largest cryptocurrency in the world known as XRP after bitcoin, Ethereum and Tether (a stable currency). The SEC is alleging that Ripple falls into the “securities” category and did not properly register its...

Ethereum has a major DeFi lead in several key metrics, including the overall number of DeFi apps, number of DeFi users, number of DeFi developers, and total value transacted through DeFi apps.As the race for decentralized finance (DeFi) supremacy heats up, Ethereum is still leaps and bounds ahead of the pack, and it doesn’t look like that’s about to change any time soon. In the last few months, a wide variety of other blockchains have seen DeFi development activity skyrocket, with platforms...

Institutional investors are beginning to take more interest in Ethereum. This is very similar to the way they adopted Bitcoin enmasse in 2020.Bitcoin is not the only crypto asset that has seen an increase in the numbers of its institutional investors. According to a recent report from Coinbase, Ethereum, the second-largest crypto asset, has also seen a rise in the numbers of its institutional investors.The Coinbase report made it known that the entrance of these major investors into the ETH...

Ethereum price traded to a new all-time high at $1,478 before correcting lower against the US Dollar.ETH price is currently testing the $1,330 support and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $1,200 on the 4-hours chart (data feed from Coinbase).The pair could eye a fresh increase above the $1,400 and $1,450 resistance levels.Ethereum price is trading in a bullish zone above $1,200 against the US Dollar. ETH/USD is likely to make...

While some altcoins have gained in Ethereum’s slipstream, others are plotting their own course while seeking to topple the front-runner itself.Is alt season upon us? Many crypto commentators are predicting just that, after Ethereum (ETH) hit a record high of over $1,440 on January 19. Altcoins have traditionally taken a backseat when Bitcoin is in the ascendancy and appreciated only when BTC consolidates. At the time of publication, several top 40 cryptocurrencies have popped, while Bitcoin’s...

ETH/USD – Ethereum Creates New ATH At $1480Key Support Levels: $1392, $1350, $1300.Key Resistance Levels: $1425, $1480, $1530.Ethereum saw a 6.5% price climb today as the coin trades near $1415. The coin had rebounded from $1100 on Friday as it started to surge over the weekend to close yesterday’s candle at $1392 (1.618 Fib Extension).The cryptocurrency is trading within a broad rising price channel and is contesting the upper boundary today.ETH had spiked higher earlier in the day to break...

2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history.And while a lot of it had to do with Bitcoin’s surging price, over the last few days, it’s becoming evident that altcoins are claiming their share, causing many to believe that we’re in a state of the market known as “altcoin season.”Altcoin Season 2021: It’s Just BeginningAn “altcoin season” is a term used to describe a market condition where...