Ethereum (ETH)

Cardano founder Charles Hoskinson called Bitcoin outdated, owing to its inefficient community and work culture. The founder of Cardano Charles Hoskinson claims that Bitcoin, one of the most famous crypto assets in the world, will be the reason for its downfall. Owing to its slow rate of exchange, the Proof-of-Work system will be expropriated by the more convenient Proof-of-Stake networks.During a Podcast with Artificial Intelligence scientist Lex Fridman, the IOHK founder asserted that the...

ETH/USD – Ether Breaks Consolidation & Hits $2000. Key Support Levels: $2000, $1925, $1888.Key Resistance Levels: $2200, $2340, $2400. Ethereum is now down a sharp 20% on the week as the cryptocurrency crashes into the $2000 support. It had been trading inside a symmetrical triangle pattern over the past three weeks but ended up breaking this consolidation on Friday as it dropped to $2200. Yesterday, ETH showed signs of weakness after spiking into the Feb 2021 highs at...

Following a somewhat stagnant weekend in which BTC remained in a range between $35,000 and $36,000, the asset dumped to a two-week low of just over $32,000. Most alternative coins have performed even worse, with ETH plummeting beneath $2,000 for the first time since May. Altcoins in Red; ETH Below $2K Altcoins have been gradually declining in value for the past several days. Ethereum has been at the forefront as it traded well above $2,600 less than a week ago. However, the...

After several days of adverse price developments, bitcoin has calmed just over the $35,000 price tag. Most alternative coins, though, continue to register price losses, with ETH sliding to $2,200 again and XRP dumping by more than 5% in a day. Bitcoin Stalls Above $35K The workweek was going in bitcoin’s way for several days as it had spiked above $40,000 to a new 26-day high at $41,375 on Tuesday. As the community started preparing for another leg up that can take the asset...

With the 2024 halving still about 1198 days, the stakes seem higher, perhaps because of the volatility of the trading market in 2021.No sooner will a person start talking about the crypto world before the Bitcoin halving is mentioned. It is a major event with a significant impact on cryptocurrencies generally – and has been from the onset. The idea, factored into the design of the crypto asset by Satoshi Nakamoto, helps manage the inflation of the asset.Unlike Ethereum, only about twenty-one...

The weekends continue to bring adverse price developments for bitcoin as the asset fell to a six-day low of $35,000. The situation with the alternative coins is similar, with ETH dumping to $2,200 and BNB below $340. The total market cap is down by $100 billion in a day. Bitcoin Slips to 6-Day Low The workweek was going well at one point for bitcoin, which spiked to and above $40,000. The bulls drove the asset to a new 3-week high at almost $41,400, but they failed to keep...

Over the past seven days, we saw yet another unsuccessful attempt of Bitcoin to breach the coveted $40K mark definitively. Let’s roll back a little. Last weekend, the price was rather indecisive as it was struggling beneath $36K. All this changed on Sunday, however, when bulls stepped in and took control over the market. By Monday, BTC was trading above $40K, and it actually managed to stay there for a few days. This saw the community rather enthusiastic as the price was...

Aada is helping to promote the proposed reach of the Cardano ecosystem with its version of loans, and other DeFi centric offerings like staking.Decentralized Finance (DeFi) lending, Aada is announcing the sale of its native token, the AADA, scheduled to span between June 15th to July 15th, 2021. Aada is a non-custodial liquidity market protocol ranking as one of the first of its kind on the DeFi focused Cardano blockchain. Per a press release shared with Coinspeaker, the Aada protocol is a...

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 – just above the 20-day MA. The coin had provided some hope at the start of the week as it surged above $37,000 to break a falling trend line that has been in play since the mid-May...

The number of prospective assets to be added by Grayscale has now been increased to 31.Thirteen additional crypto assets were appended to the already exhaustive list of Grayscale ‘New Potential Products’. The Digital Currency Investing Giant primarily included assets that represent the Decentralized Finance sector, an open system built for the age of the Internet.Defi has dominated conversations for the past two years owing to it being open to everybody who uses Ethereum. Defi is a shared...