Ethereum (ETH) price surged 9.4% from October 10 to October 15, reaching a two-week high of $2,687. However, despite this recent rise, Ether remains down 25% over the past three months. This reflects investor disappointment with the recently launched Ether spot exchange-traded fund (ETF) and the overall lack of demand for ETH, despite Ethereum’s focus on tier prioritization. Two scaling solutions.Over the past seven days, the Ethereum network has seen a 23% drop in on-chain decentralized application (DApp) volume, and this decline has sparked speculation that the Ethereum price could follow suit.Declining on-chain activity sparks concern among Ether investorsWhile a…
Author: Crypto Flexs
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Ethereum price is surging, but some large whales are choosing to exit ETH USD ahead of the price increase. what’s the matter? Cryptocurrency prices are on the rise. Following yesterday’s rise, the overall cryptocurrency market cap has increased by almost +0.5% to surpass $2.3 trillion. Bitcoin And Ethereum It remains the most precious thing. Ethereum price is rising: bullish trend targeting $2,800 While the focus is on Bitcoin, the expansion of ETH prices towards spot prices is providing relief to holders. After consistently hitting lower lows for days or weeks, a bounce could be the driving force that pushes the…
Praxis, an ambitious project that bills itself as the world’s first “networked nation,” announced Tuesday that it has secured $525 million in funding to build a tech-leading city that will support the development of cryptocurrency, artificial intelligence, energy and biotechnology.“This capital will enable Praxis to execute on its vision of building the next great metropolis,” the project said in a statement. “The city will be designed to attract entrepreneurs and foster innovation in AI, cryptocurrency, biotechnology, energy and advanced manufacturing. The city’s culture will promote the traditional values of Western civilization.”Praxis, led by 28-year-old co-founder Dryden Brown, has a long…
As Bitcoin continues to strengthen, analysts are turning their attention to altcoins with hot narratives such as GameFi, AI, DePIN, and RWA. So, based on these stories, renowned cryptocurrency analyst Miles Deutscher has revealed his top four altcoin picks, naming potential high-yield investments. SuperVerse (SUPER): Go with the flow of the game The analyst ranked the gaming token SUPER at the top of the list, calling it a “meme” due to its strong community support. However, he emphasized that SUPER also offers real utility within the gaming economy. He pointed out that the combination of cultural appeal and real-world usage…
ETH showed a bullish reversal pattern. Options data was less optimistic about an ETH breakout before the US election. Ethereum (ETH) Prices have remained resilient amid intense FUD over the past few months. The largest altcoin recorded a net gain of 12% in the recent recovery, rising from $2.3K support to a high of $2.6K. According to peter brandtETH may explode further in an inverted head-shoulders pattern (bullish reversal formation). Source: Peter Brandt Can ETH surpass $3K? In most cases, a break above the neckline resistance ($2.7,000) in a head-shoulders pattern would reach the target, which is the height between…
just alvin October 15, 2024 07:19 BitMEX now offers DBR futures contracts with 2x leverage, allowing traders to participate in deBridge’s native token on the new platform. DBR Futures Introduced on BitMEX Leading cryptocurrency platform BitMEX has launched a new futures contract for DBR, deBridge’s native token, giving traders up to 2x leverage. According to (BitMEX Blog)(https://blog.bitmex.com/site_announcement/dbrusdtv24/), this new listing, known as DBRUSDTV24, will become available for trading on October 15, 2024 at 07:00 UTC. DBRUSDTV24 Contract Details A new futures contract, DBRUSDTV24, offers traders the opportunity to participate in DBR in a leveraged…
Amid recent positive sentiment shifts for Bitcoin (BTC), recent data from the decentralized finance (DeFi) options protocol shows traders are becoming more skeptical about the performance of Ethereum (ETH).“ETH is selling at nearly 2.5x the number of currencies being bought, which suggests traders may believe ETH’s upside potential is limited,” Derive founder Nick Forster said in an Oct. 13 report reviewed by Cointelegraph. “He said.Traders view ETH’s potential for significant price appreciation as ‘limited.’Citing data from Derive, the report said Ether Calls Sold (where traders sell call options expecting prices to stay the same or fall) were up 34.5% at…
Amid recent positive sentiment shifts for Bitcoin (BTC), recent data from the decentralized finance (DeFi) options protocol shows traders are becoming more skeptical about the performance of Ethereum (ETH).“ETH is selling at nearly 2.5x the number of currencies being bought, which suggests traders may believe ETH’s upside potential is limited,” Derive founder Nick Forster said in an Oct. 13 report reviewed by Cointelegraph. “He said.Traders view ETH’s potential for significant price appreciation as ‘limited.’Citing data from Derive, the report said Ether Calls Sold (where traders sell call options expecting prices to stay the same or fall) were up 34.5% at…
Opacity Labs, developer of Opacity Network, a data verification platform using zero-knowledge proofs, has raised $12 million in a seed funding round.Archetype and Breyer Capital co-led the round with participation from a16z Crypto Startup Accelerator (CSX), Finality Capital Partners, Bodhi Ventures, and Escape Velocity (EV3), Opacity Labs said on Tuesday.Startup Hersh Patel told The Block that the startup began its fundraising efforts last July and closed the round last month. Patel declined to disclose the specific valuation, saying the funding round was structured as a SAFE (simple contract for future assets) that included a valuation cap and token warrants.This seed…
The number of TON wallet addresses has exceeded 100 million. Telegram integration drives user growth. Nonetheless, TON fell 35% after ATH. The TON blockchain has seen impressive growth recently. Year after year, TON’s TON wallet addresses grew by nearly 3000%, totaling over 100 million. This tremendous growth was mainly due to the integration of TON and Telegram, especially Telegram Games. Despite these impressive metrics, Toncoin’s price is not keeping up with user growth. The token is down 35% from its all-time highs earlier this year. A closer look at the numbers shows why. 3000% surge in TON wallets: what’s behind…