Ethereum (ETH)

Messari crypto researcher, Ryan Watkins, has recently delved into the market values of the decentralized finance sector, comparing it to some of the other players in the crypto industry. He concluded that DeFi is still a minnow despite its massive growth in popularity this year.The entirety of what we call DeFi is worth less than both XRP and Bitcoin Cash alone.Despite its rerating over the past couple months, DeFi is still extremely small in perspective.1/ pic.twitter.com/rd4LZbDeu6— Ryan...

Grayscale Investment, operators of the largest crypto hedge fund, is close to reaching a $5B valuation after adding $500M to its assets under management (AUM) is less than a week. Meanwhile, other cryptocurrency funds like Tetras Capital are shuttering after low returns despite market-wide recovery since Black Thursday. Grayscale Crypto Fund AUM at $4.8B Tweeting on Monday, Grayscale revealed that its crypto fund AUM was currently at $4.8B. Comparing with the figures from five days ago, it...

For the first time in the history of Ethereum, its futures contract has generated unprecedented interest as it has eclipsed $1 billion. This indicates that the biggest altcoin of the coin market enjoys greater adoption, sending signals that speculators are backing Ethereum for the future. According to Skews, the market Analytics firm, this comes on the heels of the current price movement as the platform prepares for Ethereum 2.0. Futures contracts are based on speculations that the price of...

Ethereum saw a small price drop today as the coin falls to $316. This comes after ETH managed to increase by a total of around 30% this week. Against Bitcoin, Ethereum reached as high as 0.0317 BTC but has since dropped to 0.0288 BTC. ETH/USD: Bullish Push Stalls At $323 Key Support Levels: $306, $300, $288Key Resistance Levels: $323, $333, $342. Ethereum went on a rampage over the past week after breaking the previous consolidation phase at $250. The coin continued higher as it broke above...

A1 recently announced that users of its cashless payment app can now conduct crypto payments which retailers will receive in fiat.Austrian A1 Telekom (WDAG: TKA) has introduced the use of crypto for payment. According to a report on the company’s website, A1 Payment now accepts digital currencies like Bitcoin, Ethereum, and Dash for cashless payments. With this development, retailers in Austria will have other payment options apart from common methods with Maestro or credit cards.On the 27th...

BTC was able to provide a daily return of 11.15%.After an impressive run-up by lower-cap altcoins, investors appear to have taken profits and moved to Bitcoin. Indeed, roughly $15 billion were injected into the flagship cryptocurrency on July 27th alone. Such a massive capital influx allowed BTC to smash through the $10,000 resistance barrier and march towards $12,000.The pioneer cryptocurrency kicked off the day at $9,939.68 and within a few minutes after the weekly open its price was...

Ethereum price started a strong rally above the $250 pivot level against the US Dollar.ETH price surged above the $300 level and traded to a new multi-week high at $334.There is a major bullish trend line forming with support near $308 on the 4-hours chart (data feed from Coinbase).The pair remains in a strong uptrend and it is likely to resume its rise above $320.Ethereum price is trading nicely in an uptrend above $300 against the US Dollar. ETH/USD is likely to climb back above $320 and...

One source is reporting that bitcoin – the world’s number one cryptocurrency – is “floundering,” and that other smaller altcoins – such as Ethereum, Stellar and Cardano – are all way up at the time of writing, with some of these currencies having doubled their prices in just the last few months alone.Ethereum and Cardano Are Two High-Ranking CoinsFirst off, it would be inaccurate to claim that bitcoin is “floundering.” BTC is presently trading for just under $10,000 again, and should it...

CryptoPotato’s cryptocurrency fund (the Crypto Fund) launched nearly a year ago continues to attract new investors and its performance has increased sharply during 2020 and especially in the past month. The growth comes after a significant change in its asset allocation with the purchase of Augur’s native token – REP. CryptoPotato’s Crypto Fund History During the summer of 2019, CryptoPotato launched an innovative fund that invests in several digital assets. Before going live, readers had...

After being defeated by Compound last month, MakerDAO is back as a top DeFi protocol owing to the recent Ethereum price surge.MakerDAO is presently the DeFi platform with the highest amount of locked value, after a recent Ethereum price surge. According to a Cryptobriefing report, MakerDAO has hit one billion dollars in locked value due to a 40% Ethereum increase. The rise is coming after June, when MakerDAO fell from being the most valuable protocol, for the first time. Ethereum’s surge has...