Ethereum Watch

Advertisements Quick take: Bitcoin has been in a state of continuous sideways movement since early June.  Social media dominance of BTC has been dropping and could point to an alt season.  A bullish ETH/BTC chart hints of altcoins gaining in the crypto markets.  Additionally, the Shit-coin Perpetual contract on FTX recently hit a new All-Time […]

Advertisements Quick take: In Q2 2020, the Ethereum network witnessed a significant increment in ETH addresses. DeFi is fuelling a surge in activity on the Ethereum network.  Interest in Decentralised Finance has led to an increment in the number of active ETH addresses.  In the second quarter of 2020, the Ethereum network witnessed a significant […]

Advertisements Quick take: Hodlers of over 1.23 Million Ethereum Classic addresses bought ETC at or near the all-time-high in January 2018 of $47. This translates to roughly 69% of Ethereum Classic holders. Ethereum is currently valued at $6.40 and the drop in returns could be a contributing factor to the negative sentiment surrounding ETC. According […]

Advertisements Decentralized finance is growing at a rapid pace, and at the center of it all is Ethereum. Sentiment surrounding the largest altcoin in the cryptocurrency industry, however, is extremely low after a prolonged bear market. The growth in DeFi has brought some positive buzz back to the altcoin, but pundits argue that without another […]

Advertisements In brief: The Filecoin (FIL) mainnet is still on track for a Q3 launch.  CoinList to be the primary distributor of Filecoin tokens. To kick start development on the platform, a virtual hackathon has been launched by ETHGlobal and Protocol labs.  The event is meant to provide an environment for developers to build DApps […]

Advertisements In brief: Real-time data reveals that Ethereum is still the most active smart contract platform.  Tron (TRX) ranks second with EOS, Tezos (XTZ) and Cardano (ADA) coming in third, fourth and fifth respectively.  Ethereum’s dominance in this regard, will continue for the foreseeable future. Real-time data from the team at Messari reveals that Ethereum […]

Advertisements The start of the year has not been good for Ethereum. The transaction count had declined to twelve months low during February, along with the price collapse of Ether, which trailed the cryptocurrency market in general. But on April 30th the transaction count surged by 72% from its lowest point early in the year. […]

Advertisements In brief: Ethereum experienced the second-highest number of monthly transactions in June 2020. ETH’s highest monthly transactions were in January 2018 when Ethereum hit a new all-time high of $1,432. Additional data points to Ethereum experiencing its highest daily transactions on the 29th of June. All this could hint to ETH having hit a […]

Advertisements Quick take: Support for Ethereum Improvement Proposal 1559 is gathering traction. The ETH community is crowdfunding efforts to have it developed and implemented on the Ethereum blockchain.  43 ETH and $16,800 in DAI have been raised thus far.  The EIP aims at solving the issue of high transaction fees such as the ones witnessed […]

Advertisements In brief: Ethereum is once again battling to maintain the $228 support zone. All signs point to BTC heading to lower levels.  However, ETH’s bullish momentum is very much intact primarily due to ETH2.0. Ethereum could be printing a bull flag on the daily chart that could ultimately push its value to $290 levels. […]