ETH

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $245 billion. Bitcoin loses momentum and falls below $9,000 Ethereum value drops below the $220 support level. XRP ends at $0.23 and continues its depressing devaluation Concerns over the coronavirus spread along with the flu past China’s borders. Crypto Trends 24th Feb – 01st Mar 2020: PERFORMANCE & ANALYSIS The last week has seen…

ETH experienced an exponential increase in recent times, and its robust metrics applauded in the cryptocurrency domain this year. This cryptocurrency gained more than 75% since the beginning of 2020, as it shifted from a $130 low on the 1st of January to $228 on the 3rd of January. On the other hand, Bitcoin incurred about 22% since the beginning of the year. It experienced a significant drop after trading near $10k and even crossed the critical level briefly on…

Recently, Ethereum dropped by 10.54% from $240.47 to $215.13 in three hours. During the collapse, there were liquidations valued at millions of dollars on the BitMEX platform. According to data by Skew, massive liquidations occurred between the 26th of February and early on the 27th of February. Initial liquidations happened at about 16:00 UTC when Ethereum valued at $3 million (longs) liquidated on BitMEX. Seven hours later, liquidation worth $2.5 million occurred. The aggregated sell and buy liquidations recorded were…

On February 25, a blog post revealed that the Coinbase wallet began supporting short crypto names that are easily memorable.  The Coinbase Wallet is quite different from Coinbase's main wallet in that in the designation; it allows users to take control of their funds. Moreover, it will enable users to access other decentralized applications (DApps).  Currently, it's tough to complete a transaction since one needs a long Alphanumeric string full of characters to send. Often, users need to copy and…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $286 billion. Bitcoin loses momentum and falls below $10,000 Ethereum value remains above the $260 threshold. XRP ends at $0.28 and continues its bullish attempt to get beyond the $0.30 mark Tezos almost breaks the $4 barrier before dropping at $3.51 Binance goes through unexpected maintenance work. Concerns over the coronavirus continue to impact…

It has been all smiles and laughs for the crypto community in the last two weeks. Bitcoin has been hovering in the $10 000 marks, a rise that has caused a domino effect to altcoins as their prices increase significantly.  However, this past week (9th-15th Feb), Crypto prices have experienced intense volatility, defying almost all prominent analysts’ predictions.  Take a look at the nitty-gritty details that have been shaping up the crypto markets in the past week. While in that…

The creation of Defi is primarily focused on providing a platform that runs on blockchain and is independent of other external centralized institutions. Mainly Defi platforms are supposed to be completely decentralized, and they help complete serious tasks by leveraging smart contracts.  According to Charlie Lee, the creator of Litecoin (LTC), however, there is a high chance that centralized networks can be linked with a significant portion of Defi. Mr. Charlie suggested that it's vital for Defi to have a…

Since December 2019, Bitcoin price is still surging from $6.4k to $10550 this week, as per Tradingview data. The coin experienced over 60% gains and performed better than other assets apart from ETH, XRP, and Tesla. Following the Bitcoin's incline, Mike Novogratz, the CEO of Galaxy Digital, explained the currency's upsurge to CNBC's "Closing Bell '' panel. Novogratz says that liquidy accelerates the crypto's uptrend. He said that low-interest rates set up by Central Banks and people pumping in money…

Following its inception, several market analysts believed that TRON (TRX) would be the biggest threat to the Ethereum ecosystem. That call might have been premature, for the Tron ecosystem lacks a key defining feature for Ethereum, a vibrant Decentralized Finance (DeFi) apps scene. DeFi Vibrancy DeFi is positioned as an indispensable feature for Ethereum, with the buzz in the blockchain's ecosystem affirming this. About $600 million was locked up in DeFi by 11th December 2019, already a 200% growth from…