Ethereum Watch

The cryptocurrency club is becoming exclusive, with countries around the world in a race to put forward their version of a central bank digital currency [CBDC]. China is the only country that has announced the launch of its Digital Currency Electronic Payment [DCEP] this year, with the same already in its testing phase. While the […]

The trend in the crypto market is often compared with Bitcoin [BTC] to define progress. However, Ethereum’s [ETH] on-chain metrics have been noticing a pump independent of Bitcoin market performance. According to data provider Glassnode, on 7 June, Ethereum’s daily network fees surpassed bitcoin’s fees. As Bitcoin fees continued to plummet to $308k, ETH’s fees […]

In the wider Ethereum ecosystem, DeFi has witnessed significant success over the last year. The Total value locked [USD] in DeFi skyrocketed to $1.25 billion on February 13th. This did not last long as it witnessed half of its value disappear along with the entire crypto-asset class shortly. The TVL in DeFi was reduced to […]

The second-largest cryptocurrency, Ethereum has been pushing for higher gains. The accumulation pattern has been strong throughout the month which indicated that investors were anticipating a price surge in the near future as the ecosystem nears the launch of Ethereum 2.0. Advertisements Ethereum [ETH] 1-Day Chart: Advertisements Source: ETH/USD on TradingView Ethereum has been consistently […]

Altcoins have always exhibited a strong correlation with Bitcoin and tend to follow its price movement religiously. Since the start of the month altcoins once again seemed to have followed Bitcoin’s slight downward trend. Advertisements Source: Coinstats Advertisements At press time, Bitcoin was being traded at $9667 and had registered a 24-hour volume of $7.8 […]

The ongoing developments associated with Ethereum 2.0 are real and significant. Advertisements The 2.0 testnet which was introduced back in April 2020 received a lot of reception off the bat as the number of addresses with 32 ETH spiked, evidence of the rush to become validators on the Ethereum 2.0 network. Consistent rewards of 4.6% […]

The usual norm for the crypto-market is that altcoins follow the lead of Bitcoin, the world’s largest cryptocurrency. That is the case at the time of writing as well, owing to not only BTC’s significant market share, but the alts’ correlation with it as well. However, the effect of the same was inconsistent across the […]

Ethereum‘s price movement since the start of June has triggered various alterations in the market. On-chain metrics were evidently indicating various trends but some of them had peculiar differences. Advertisements Source: Skew Advertisements Glassnode’s recent chart brought everyone’s attention to the recent increase in Ethereum price as a percentage of Bitcoin’s price. At the moment, […]

Ethereum witnessed a turbulent start in June 2020. Advertisements Over the past 4 days, the second-largest token has reached as high as $253 in the charts but registered a massive pullback to $225 within 5 hours. On-chain metrics were reacting to such turbulence and the level of activity in terms of movement was significant. Advertisements […]

The month of May was filled with volatility as the price of Bitcoin kept swinging constantly. Despite the sell-off in the market, the value of BTC remained above the $9k resistance. While the first day of June turned into large support by traders as the coin breached $10k, however, as the pump was not supported […]