Tag: ETH

Institutions choose ETH over BTC and SOL, GFOX also being considered

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Similar to Bitcoin’s dominant position, Solana has likewise been a major player in crypto. Its surging price and rising profile since March 2020 has been instrumental in the popularity and acceptance of DeFi. Meanwhile, Bitcoin’s utility and acceptance have also increased outside crypto circles, with institutions creating partnerships with the cryptocurrency market. These institutions hope to tap into the financial potentials of the crypto market in other spheres, and…

Ethereum Wallet Abruptly Wakes Up After Nearly 10 Years, Sends ETH Stack to Crypto Exchange

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A long-dormant Ethereum (ETH) whale abruptly woke up on Monday and sent more than $773,000 worth of the second-largest digital asset to the top US crypto exchange Coinbase. The crypto-tracking platform Whale Alert notes the wallet is a pre-mine address that wasn’t active for more than 8.5 years. Pre-mining refers to the creation of a crypto asset before it is launched publicly. The pre-mine whale first sent a single Ethereum to Coinbase, followed by 237.748 ETH in a subsequent transaction, according to the blockchain tracking platform Arkham Intelligence. The crypto…

Can Ethereum Touch $4,000? Crypto Analyst Says ETH Rally Far From Over

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Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough.  Ethereum Could Rise To As High As $4,000 Crypto analyst Altcoin Sherpa suggested in an X (formerly Twitter) post that Ethereum could rise to as high as $4,000. His prediction looks feasible when one considers crypto analyst Bitcoin Ape’s recent analysis of…

Ethereum Outperforms Bitcoin As Institutional Investors Clamor For ETH Exposure

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Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest.  Institutions Favor Ethereum Over Bitcoin On February 24, cryptocurrency exchange, Bybit, published a research report on its users’ asset allocation. The research examined investors’ hodling and trading behaviours, covering the period from July 2023 to January 2024. Bybit’s report also provided valuable insights into investors’ asset allocation across cryptocurrencies…

Whales Withdraw $64 Million ETH From Exchanges, Bullish Signal?

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According to data from Lookonchain, an on-chain analytics platform, Ethereum (ETH), whales have withdrawn roughly $64.2 million worth of ETH from major exchanges. This significant movement of funds coincides with a notable uptick in the price of ETH, indicating an increasing interest in the asset. Ethereum Whales Movement Signals Confidence According to Lookonchain’s findings, much of the ETH supply has been shifted from exchange wallets to custodial wallets. The on-chain analytics platform reported that an Ethereum address labeled 0x8B94 had withdrawn an amount of 14,632 ETH, valued at approximately $45.5…

Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High

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Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.  Deutscher highlights that ETH’s recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for investors. Ethereum Price Strength Continues In a recent post on social media X (formerly Twitter), Deutscher notes that Ethereum continues to show strength, especially compared to Bitcoin (BTC), which remains in a key consolidation phase…

Arbitrum Beats ETH and Solana With 119% Surge In NFT Sales

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Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has been facing a bearish week after failing to establish a new price floor and falling below the $2 level. Additionally, the unlocking event scheduled for March could negatively impact the token’s price. Despite ARB’s recent drop, the blockchain has seen a greater performance in the non-fungible token (NFT) market, surpassing Ethereum and Solana. Arbitrum: Top Gainer In The Last Day Data from Crypto Slam shows that the daily NFT sales volume in the Arbitrum blockchain recovered in the last 24 hours.…

Seeking Yield on $37M Ethereum (ETH) Treasury, JPEG’d DAO Mulls Airdrop Farming

So-called PIP-85 could see JPEG’d DAO utilize nearly $19 million worth of ETH tokens on EigenLayer and Blast, two of the most popular spots for airdrop hunters in the Ethereum ecosystem right now. Both protocols are expected to reward their users with potentially valuable tokens in the future. That expectation has prompted billions of dollars of crypto capital – much of which is from airdrop farmers – to flow into their protocols. Source