Tag: Ethereum

Can Ethereum regain momentum and outperform Bitcoin in 2024?

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Ethereum has outperformed Bitcoin in terms of price performance, especially when looking at time frames since its inception, halving years, and bull market periods. However, ETH has consistently underperformed since the bear markets of 2018-2019 and 2022-2023. In the 2024 halving year, for the first time, Ethereum is considerably trailing behind Bitcoin. In fact, it has been underperforming against Bitcoin for the past three years. ETH/BTC ratio plummets to 3.5-year low Although fractals, a concept where similar patterns repeat over different timeframes, are not a foolproof method for predicting future…

Here’s why Ethereum ETF inflows are lagging behind Bitcoin

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Spot Ethereum exchange-traded funds, or ETFs, had seven consecutive days of outflows shedding over $5.7 million in assets on Friday, Aug. 23, bringing the cumulative figure to $464 million, data by SoSoValue shows. Cumulative net assets locked in these Ethereum (ETH) ETFs stand at about $7.65 billion. The Grayscale Ethereum Trust has $5 billion followed by the Grayscale Mini Ethereum Trust with $1.01 billion. It is followed by ETFs from Blackrock, Fidelity, Bitwise, and VanEck. Institutional investors reluctance In a note to Bloomberg, crypto analyst Noelle Acheson noted that many…

300,000 Ethereum Transfer Sparks Shock At Leading US Exchange

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In a new development that is creating ripples in the cryptocurrency space, Whale Alert, one of the top blockchain trackers, has detected two huge Ethereum (ETH) transfers heading to Coinbase. Each transfer involved 150,000 ETH, totaling a staggering 300,000 ETH at nearly $395 million. These transactions were carried out consecutively. Related Reading Ethereum: Market Reaction And Speculation Big movements typically spark speculation. Large cryptocurrency flows into Coinbase mean the sender may be selling. Increasing availability could lower market prices. Despite Ethereum’s 3.25% 24-hour increase, huge transactions keep traders apprehensive. 🚨…

NFT Sales Soar 24% as Ethereum Takes the Lead This Week

Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms With Ethereum at the Helm Reaching $99M in […] Source CryptoX Portal

Solana outpaces Bitcoin, Ethereum; broader market gains 3.6%

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The broader crypto market has seen its value grow by 3.6%. Solana leads the push among high market-cap cryptocurrencies after registering a 10.2% uptick in the last 24 hours. Data from crypto.news shows that, at last check, Solana (SOL) was priced at $158.25. It spent the previous day oscillating between a low of $142.78 and a high of $158.58.  Solana price chart, May 1 – Aug. 24 | Source: crypto.news The uptick in the coin’s price was accompanied by a 24-hour trading volume of $4 billion occasioned by more than…

Ethereum Foundation Transfers 95 Million ETH, Price Rally To Stall?

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Ethereum ICO Has Gained Massive Momentum As Stage 3 Hits 76%

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The cryptocurrency space is abuzz with excitement as the Ethereum ICO has gained significant traction, with Stage 3 hitting a remarkable 76% completion. This development underscores the growing interest and confidence in Ethereum (ETH) as a leading blockchain platform, particularly as it continues to solidify its position within the global financial ecosystem. With recent news highlighting Ethereum (ETH)’s impressive ETF performance, it’s clear that the momentum behind ETH is stronger than ever. However, as investors look to diversify their portfolios, many are also turning their attention to Mpeppe (MPEPE), a…

Investors Buying Bitcoin (BTC) Over Ethereum (ETH): Key Data Reveals

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The market is facing severe volatility as the two main assets, Bitcoin (BTC) and Ethereum (ETH), are in crucial accumulation phases. However, Bitcoin has performed better over the past ten days, standing out amid the fluctuations.  Related Reading The ETH/BTC chart reveals this shift. At the time of writing, Ethereum’s price in Bitcoin terms was 0.043, its lowest since April 2021. This highlights Bitcoin’s dominance in the current market environment. ETH/BTC 1W chart at the lowest level since April 2021. | Source: ETH/BTC 1W chart on TradingView As prices move…

Sony Group Introduces Ethereum Layer-2 Blockchain Soneium

Sony Group, in partnership with Startale, has launched Soneium, a public Ethereum layer-2 blockchain. This development is part of Sony’s strategic expansion into the blockchain ecosystem, leveraging its extensive distribution networks in entertainment, gaming, finance, and electronics. Soneium aims to mainstream Web3 technologies and integrate them into daily consumer applications, promising to enhance user experience with blockchain’s benefits. “Soneium, by Sony Block Solutions Labs is building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium will connect the blockchain technology (Web3) with the…