Tag: ETH

Solana’s SOL Is ‘Richly Valued’ Versus ETH Price, but Could Still Outperform If Trump Gets Elected: Standard Chartered

SOL’s ratio of market capitalization versus network fee revenues is 250, more than double than ETH’s 121. Solana’s supply grows around 5.5% annually, while ETH’s token inflation rate stands around 0.5% a year, they added. Higher inflation means that SOL’s real staking yield is 1%, compared to ETH’s 2.3%. Meanwhile, 38% of all established developers in the blockchain industry work on the Ethereum ecosystem, with Solana claiming a 9% share. Source CryptoX Portal

Binance’s BTC, ETH, USDT balances declined in September

Binance’s latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone. According to Binance’s 23rd PoR report, the exchange’s Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) holdings decreased in September.  Binance saw 9,577 BTC and 61,326 ETH leave the exchange last month. These assets are each worth $595 million and $148.5 million, respectively. Its USDT reserves also dropped by 3.16%, falling from $22.11 billion to $21.41 billion, showing an outflow of almost $700 million. On the other hand, Binance…

ETH expected to surge as investors eye ETH EFTs, as new DeFi coin raises $70k in 10 hours

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum ETFs face outflows amid geopolitical tensions, new opportunities like Cutoshi are emerging, drawing investor interest with its blend of memecoin appeal and DeFi features. Cryptocurrency ETFs made progress in 2024, with Ethereum ETFs approved and trading this year. Currently, the crypto ETF market size is around $82 billion, and it will increase drastically as we get ETFs in various sectors. Ethereum ETFs have not impacted the ETH…

Experts go all in on Intel Markets instead of overpriced ETH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Intel Markets, hailed as the future of crypto trading thanks to its AI integration, has become more compelling than Ethereum and Solana. The crypto market might be in its infant stage compared to traditional finance but isn’t short of potential. Beyond the seemingly overpriced Ethereum (ETH) and Solana (SOL), Intel Markets (INTL) is a promising player to watch out for. Brimming with potential, the viral AI crypto seeks to…

Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies

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According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.  While Ethereum has experienced some rebound in the last day gaining by 3.21%, investors remain uncertain of a full price recovery with bearish sentiments raving through the market. Notably, an Ethereum ICO participant has now sold off a substantial amount of…

BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses

On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday, […] Source CryptoX Portal

108,000 ETH Sent To Exchanges, Will It Revisit $2,200?

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Este artículo también está disponible en español. Ethereum (ETH) has seen a 10.3% drop from last week’s highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction. Related Reading Ethereum Whales Send Millions To Exchanges Ethereum has struggled to reclaim some key resistance levels since the October 1 correction. On Tuesday, the cryptocurrency saw its price nosedive from the $2,600 zone to the $2,300 mark, hovering between the lower and higher range of that support level for the past…

Spot ETH and BTC ETFs Hit by Withdrawals, Losing $54.13M and $3.2M Respectively

The latest figures reveal that 12 U.S. spot bitcoin exchange-traded funds (ETFs) faced $54.13 million in net outflows on Thursday. Similarly, nine spot ether ETFs weren’t spared, as they saw $3.2 million pulled from their funds. Crypto ETFs Face More Losses On Oct. 3, 2024, the nine spot ethereum ETFs posted losses after enjoying gains […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?

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Este artículo también está disponible en español. Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins. At present, the total market cap is down to $2.17 trillion. It could post even more losses should bears press on, reversing the gains of September. Ethereum Under Pressure, Will $2,350 Offer Support? In the last week alone, CoinMarketCap data shows that Ethereum is down 10%, pushing losses below $2,400, a former…

Bitcoin Price (BTC) Gains 0.2% While Ether Price (ETH) Drops 1.4%, XRP Plunges 9.2%

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