Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks, which has led ETH to once again enter a bout of sideways trading within the mid-$130 region.Despite being able to post a strong rebound from its recent lows, it is important to note that analysts are widely anticipating ETH to […]
Over the course of 90 days, Ethereum, the king of altcoins has managed to stay relative. The performance of Ethereum over the last 90 days has been considerably better than other altcoins like Dogecoin and Decred. Decred is the worst performing asset in comparison with ETH and Doge with its price suffering a dip of […]
After facing an intense selloff yesterday that led Bitcoin, Ethereum, and virtually all other major altcoins to post some intense losses, the aggregated market has been able to recover slightly today, being led higher by BTC.This upwards momentum has led ETH to rapidly approach a key resistance level that bulls may struggle to surmount in […]
Even though the Decentralized Finance [DeFi] application has been looked upon as the “killer app” for Etheruem, they have been noting several problems. In 2019, Ethereum incubator, Consensys had claimed that DeFi will reach a billion dollars in value, but that has not been achieved yet. The recent fall of Ethereum on 12 March unraveled […]
There has been tremendous growth in terms of decentralized finance or DeFi. Following the early 2020 rally, the total value locked in DeFi grew exponentially. However, these figures went down after the recent crash. It’s been two weeks since that fateful day and these figures appeared to have bounced back. In the latest development, Bitcoin […]
Bitcoin’s price has been reflecting strong buyers’ momentum in the market on 30 March. As the clock struck midnight, BTC’s value started to climb steadily from $5,918 to $6,300 within 6 hours. The price continued to rally, at press time, and hinted at a shorting behavior in the market. BTC was being traded at $6,299.04. […]
An uprising led by the Tron Foundation has unveiled a new DeFi and stablecoin system labeled “Djed.” Tron’s Djed, A New Collateralized DeFi System Tron has launched a MakerDAO-style DeFi ecosystem, known as Djed. Djed is set to feature a TRX-backed, USD-pegged stablecoin, USDJ. The move, signposted earlier in the year, was announced by the […]
Due to significantly increasing numbers of mobile users worldwide, Ethereum should focus on mobile applications to adjust to reality. We live in an increasingly mobile world where I can order a vehicle driven by a complete stranger to take me anywhere, I can get food delivered in minutes, and I can conduct almost all my […]
Ethereum saw a dip in its ‘funding rate’, observed across three exchanges- BitMEX, ByBit, and Deribit. Although a dip in funding rate is not an important update, the extent of the dip was noteworthy. ‘Funding rate’ is used on margin trading platforms like BitMEX, Deribit, etc to maintain the peg of derivative products. Take, for […]
Analysis of Ethereum network activity reveals an increase in complex transactions associated with DeFi. Data published by Ganesh Swami, the co-founder of Ethereum (ETH) analysis firm, Covalent, indicates that decentralized finance, or DeFi, transactions are representing an increasing share of Ethereum block space at the expense of ETH transfers. Swami analyzed the gas costs incurred […]
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