Ethereum Watch

On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum hosts ApeCoin and the land NFTs, […]

Advertisements Quick take: The Otherside Metaverse NFT mint spearheaded by Yuga Labs is thus far the largest in blockchain history 55,000 Otherdeeds NFTs were sold for a flat rate of 305 Apeocin, raising $320 million using an APE value of around $19 The mint congested the Ethereum network raising network fees to as high as […]

Advertisements Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand. Ethereum’s native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern. ETH price breakdown ahead? Ether’s price swung between profits and losses on May […]

Ethereum, the world’s largest altcoin, followed a bearish path below the $2,850-pivot level. In fact, ETH even traded below the $2,800-support level amidst the wider correction within the market. It traded as low as $2,718 before the bulls appeared on the horizon. Soon after, Ether’s price started an upside correction and climbed above the $2,750-level. […]

Advertisements Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH, or 56% of all burns during that period. The burning rate of Ethereum has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.” Yuga […]

Ethereum started a recovery wave above the $2,800 level against the US Dollar. must clear the $2,850 resistance to continue higher in the near term. Advertisements Ethereum started a decent recovery wave above the $2,780 and $2,800 levels. The price is consolidating above $2,820 and the 100 hourly simple moving average. There was a break […]

Advertisements Summary: Ethereum miners made $87.664 million in a single hour during the Otherside Metaverse NFT mint, a possible all-time high During the same time period, Ethereum users paid a median fee of $4,830 per transaction Almost 64k Ethereum ($176.66 million) in transaction fees was used during the Otherside Metaverse mint of 55k Otherdeed NFTs […]

Standard Chartered’s Head of Crypto Research believes Bitcoin and Ethereum will end 2022 on a high note. He remains positive that a bullish outcome is in store for the two cryptocurrencies, despite the recent blip in April. Advertisements Geoffrey Kendrick, Standard Chartered’s Head of Crypto Research, is the latest to share his verdict on the […]