Ethereum

The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in.  The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…

Ethereum and other tokens based on the Ethereum network have recently been on a steady increase in prices, especially while awaiting the London fork(EIP-1559) set to happen on 5th August.  The London fork is defined as Ethereum's supply rally, taking on the principles of Bitcoin's quadrennial halving event. The Ethereum network, its sub tokens have been on a bull run for a few days, ushering in the event.  Ethereum on A Bullish Pattern Ethereum has been in a bull run…

Bitcoin is back above $40K after a dramatic fall below the long-held $30K support. The world's leading crypto has re-taken the highs of its current range after institutions rushed in to buy the dip as miners evicted from China sold off their holdings to finance their relocation to friendlier destinations. BTC is now trading comfortably above the $40K level after the general crypto market sentiment flipped bullish, suggesting that bulls are set to see more green days in the near…

Ethereum is trading at $2,330.60, following a massive rally that has seen its price increase by 28.44% a few days ago. Generally, ETH signaled bullish sentiments, but the bulls must have sufficient momentum to reach the $2390 to test the $2400 mark.  A close above the $2,400 level could set the pace for more gains. The next significant barrier for the bulls could be near the $2,500 level, followed by $2,520. Any more upsides might call for a $2,600 resistance…

Ethereum, the second-largest crypto by market cap, has recently been retracing, with the coin's price standing at around $2,171 as of writing this report. This price action comes after a long bear pattern that scared away many investors, leaving many to think the asset could continue tanking. Instead, the primary cause of this bullish move was Elon Musk's influence. Ethereum's Retracement The buying pressure of Ethereum increased on Thursday by a tremendous rate, with investor confidence being high in many…

MakerDAO recently revealed its plan on moving to a fully decentralized ecosystem within the next few months after disbanding the current Maker Foundation. According to a blog post detailed by the CEO, Rune Christensen, Maker initially started as a decentralized autonomous organization before it moved to a Foundation charged with accomplishing an overall growth of the platform.  However, the Foundation was only designed for existing temporarily as Maker steadily transitions to a fully decentralized path. Looking back, the CEO recounts…

Dissatisfied Binance traders continue to express their sentiments on the exchange's leveraged trading product. Currently, users are now looking forward to taking legal actions and utilizing social media platforms to rally up for compensation from the exchange platform. On top of that, regions such as Europe, Asia, and America are keen on investigating Binance following the growing complaints from users. Binance customers like Alex Holland narrate how he lost an investment sum of $10,000 between April and May 19, 2021,…

In the blockchain world, crypto-assets can be classified as either native coins or crypto tokens. Native coins are the more famous assets such as; Ethereum and Bitcoin. They act as a medium of trade both to provide a payment infrastructure or as an alternate currency. On the other hand, crypto tokens have wide use cases, usually based on the ecosystem they're based on and the issuing body. Use case models for crypto tokens are far from being entirely mapped out,…

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 $1,400 trillion. Bitcoin is down by more than 5% after a mildly fluctuating week. Ethereum has decreased by over 9% over the past seven days. XRP records a 10% value loss over the week. Dogecoin, Polkadot, and Cardano have registered small value drops in the past week. The DeFi sector gained almost $1 billion…