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Tag: ETH

  • Ethereum (ETH) coin: New ATH & towards the moon

    Ethereum (ETH) coin: New ATH & towards the moon

    Ethereum (ETH), the queen of the market has achieved a new all-time high by crossing $3,000 for the first time. Ethereum established its all-time high at $3,200. At the time of writing, ETH coin stands at a price level of $3,164. The price of the cryptocurrency has increased by 9% in the past twenty-four hours while the daily trading volume has gone up by 20%.

    Now with the new ATH of the cryptocurrency and a higher current trading price, the market capitalization of Ethereum stands at $366 billion – increasing by 9%. According to the largest global assets’ ranking by Infinite Market Cap, Ethereum has moved up four places in the list. Ethereum is now ranked higher than the Bank of America which have a market capitalization of $347 billion. Along with Bank of America, Ethereum has also surpassed the market capitalization of corporate giants like Proctor & Gamble, Nestle, PayPal etc. Currently, Ethereum stands at a ranking of 24th in the list.

    With the performance of ETH coin going up, the old debate about Ethereum taking over Bitcoin as the largest digital asset has been rekindled. Institutional interest in the cryptocurrency has also been skyrocketing ever since the new ATH has been established by ETH crypto. The decentralized finance sphere has been becoming more relevant with Ethereum as the unofficial pioneer of it. Institutional giants like European Investment Bank and Goldman Sachs are getting more involved in the ETH blockchain.

    As the price of ETH coin crossed $3,000, it made a lot of people very rich. The co-founder of Ethereum, Vitalik Buterin, has officially become a crypto billionaire. The public wallet of the ETH co-founder holds around 333,500 Ether which are now worth around $1.029 billion. Buterin could possibly be the youngest self-made billionaire in the cryptocurrency industry .

  • Ethereum (ETH) coin Strongly Bullish as European Investment Bank Announces $100mn Digital Bond

    Ethereum (ETH) coin Strongly Bullish as European Investment Bank Announces $100mn Digital Bond

    Ethereum (ETH) coin established a new all-time high at $2,713 on April 28 while Bitcoin is failing to cross the strong resistance at $55k. At the time of writing, Bitcoin stands at $54k with its market dominance falling and altcoins surging.

    The new all-time high of ETH coin has pushed its daily trading volume to $31 billion and the market capitalization at $299 billion. At the time of writing, Ethereum was trading hands at $2,589 apiece – still under strong bullish pressure.

    The ATH comes amidst news of heavy investment inflow into the Ethereum (ETH) blockchain. The European Investment Bank has announced the launch of a “digital bond” sale utilizing the Ethereum network. The EIB is issuing a 100 million Euro digital bond with an expiry of two years – the project headed by Goldman Sachs, Banco Santander and Societe Generale.

    Societe Generale had issued the 100 million Euro bond on April 23 as a security token on the Ethereum blockchain. The issuance took place through Societe Generale’s subsidiary Societe Generale SFH. Moody’s & Fitch had subsequently given the bond a triple A rating.

    The bond worth $120 million is a testament to the use cases of the Ethereum (ETH) blockchain. The project has also indicated the increasing institutional interest in ETH crypto and the likes. Bullish momentum is likely to continue at the current rate as the supply of Ethereum on cryptocurrency exchanges has also been dropping consistently. currently, the supply has been the lowest in the past, which would, by the principles of economics, drive up the price of Ethereum further.

    The highly anticipated ETH2.0 which is designed to make the cryptocurrency more sustainable, secure and scalable is also expected to happen earlier than expected as researchers and developers are working on it to accelerate the process.

  • Cryptocurrencies Touching All-time Highs – (Bitcoin, Ethereum, Wrapped Bitcoin, Decred, Nexo)

    Cryptocurrencies Touching All-time Highs – (Bitcoin, Ethereum, Wrapped Bitcoin, Decred, Nexo)

    Cryptocurrencies vie upwards as the bulls continue to dominate the market. Every day, new cryptocurrencies establish new all-time highs. Here is a list of the top five all-time high coins.

    Bitcoin – the king of the market has made a comeback as it broke strong resistance levels and established a new all-time high at $62,849. The bull run of the market continues as indicated by the market leader, once again, moving upwards. 

    Ethereum – the queen of cryptocurrencies had been on a strong bullish uptrend, breaking resistance after resistance. Ethereum (ETH) made another record high at $2,227. The rise of DeFi is propelling cryptocurrency upwards.

    Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that is based on the Ethereum block chain which allows Bitcoin to be used on decentralized applications. WBTC is backed 1:1 by Bitcoin so the ATH of Bitcoin will pull WBTC upwards. Wrapped Bitcoin established its all-time high at $62,934.

    Decred (DCR) has been on an upward trend since November 2020. The cryptocurrency reached an all-time high at its current price of $198. The daily trading volume of $41,765,500 has also increased by 43% in the past 24 hours. Decred cryptocurrency was launched with the aim of creating a sustainable ecosystem of open governance and community interaction. 

    Nexo (NEXO) is a lending platform based on block chain that provides instant cryptocurrency loans. Nexo is on a steady upward trajectory. It established a new all-time high at the current price of $3.45.

  • The Crypto Market’s Top Headlines of the Week

    The Crypto Market’s Top Headlines of the Week

    The cryptocurrency market has been on a roll and bullish momentum appears to only be further escalated. Here are the top developments in the crypto sphere that took place in the past week:

    • Bitcoin (BTC) finally crossed the strong resistance level of $60,000 and has stabilized in the region while Ethereum (ETH) established another all-time high at $2,199
    • The cryptocurrency market surpassed a market capitalization of $2 trillion – a testament to the mammoth of a market it is destined to become
    • Kraken, the fourth-largest cryptocurrency exchange has hinted towards going public in 2022 following Coinbase’s NASDAQ listing on the 14th of April
    • The second oldest bank in the US, State Street, has entered the crypto market with its forex exchange, Currenex, providing infrastructure to a crypto trading platform
    • Caruso properties, one of the largest privately-held real estate firms, has incorporated payment of rent in cryptocurrencies
    • Celebrities like Paris Hilton and Lindsay Lohan has becoming increasingly interest in the NFT market as it takes off while Gucci and Playboy has also announced their debut in the field
    • In the Ripple lawsuit, odds are tipping in the favor of Ripple Labs as the firm was granted access to the discovery documents of BTC and ETH while the SEC was denied access to the financial statements of Ripple Labs’ executives – all the while XRP skirts close of $1.50

    In the global sphere,

    • Asian market’s love-hate relationship with cryptocurrencies continues. After the alarm bells ringing in Thailand and Korea, they have reached Sri Lanka. The Sri Lankan Central Bank has warned the population about the risks of investing in cryptocurrencies.
    • Vietnamese miners are panicking and selling off mining equipment in large quantities as a market crash is imminent.
    • The Chinese government has launched a digital Yuan – e-Renminbi. The digital currency, if successful, may have the potential to overthrow the king of the market – Bitcoin.
    • A Romanian public university, Lucian Blaga University of Sibiu, has announced to start accepting tuition payments in Elrond cryptocurrency in order to support the local project
  • 5 Cryptocurrencies With New All-Time Highs – (Binance Coin, Tezos, FTX Token, Decred, Ethereum)

    5 Cryptocurrencies With New All-Time Highs – (Binance Coin, Tezos, FTX Token, Decred, Ethereum)

    The cryptocurrency bull run appears to continue with new cryptocurrencies making all-time highs every day. We have compiled a list of cryptocurrencies that have achieved a new all-time high.

    The queen of the market, Ethereum (ETH), has established a new all-time at $2,174. Ethereum had been flirting close to its previous all-time high. At the time of press, Ethereum stands at $2,128. Generally, the queen follows the king of the market closely but breaking the norm, it went higher than expectations by establishing the new record high. The performance of the coin can be attributed to the upcoming ETH2.0 upgrade which will tackle the scalability problem Ethereum is facing along with many other improvements.

    Binance Coin (BNB) has been one of the best performing cryptocurrencies. In the yearly timeframe, Binance Coin has had an 1800% increase in its performance. BNB went up from an average coin to the third ranked in the market. The coin suffered from retracements after establishing its all-time high at around $300 but the bulls have once again picked up and a new all-time high at $388 has been established.

    Tezos (XTZ) established a new all-time high at $6.47 at the time of press. The trading volume of $1,468,277,032 has went up by around 300%. The smart contracts platform which bears resemblance to Ethereum has a market ranking of 29. The coin is still on an uptrend and a continuation with newer all-time highs can be expected. The performance of the coin can be attributed to the major developments going on in the Tezos platform. Blockchain venture studio, Draper GolenHolm, has announced its support for the Tezos ecosystem. The firm has plans of incubating and accelerating startups based on the Tezos network. Furthermore, lugh.io – a French firm – has also launched a stablecoin on the Tezos block chain.

    FTX Token (FTT) has been on an upward trajectory since the beginning of the new year with only minor pullbacks. After every pullback, the coin has established a newer all-time high as it did currently. FTX Token is now operating at a new all-time high price level of $44.84. FTT is the governance token of the cryptocurrency derivatives platform FTX.

    Last but not the least, Decred (DCR) has also established a new all-time high at $194 and the cryptocurrency has stabilized near the all-time high price level. Decred is a block chain based cryptocurrency with the aim to facilitate governance, sustainability and community interaction. The coin is ranked at 50 in terms of market capitalization with a daily trading volume of $31,199,204.

  • $2 trillion crypto market capitalization: The beginning or the end?

    $2 trillion crypto market capitalization: The beginning or the end?

    The 2021 cryptocurrency market bull run has led many coins towards a straight trajectory to the moon. The king of cryptocurrency – Bitcoin (BTC) – more than doubled in value while the queen, Ethereum (ETH), achieved a new all-time high. Other altcoins have been on a roll too, giving double-figure performances and establishing record highs day in and day out.

    Bitcoin is now worth more than $1 trillion while the next five major cryptocurrencies’ market capitalization stands at almost half a trillion. The combined market capitalization has surpassed $2 trillion for the first time. This is a testament to the increasing interest and growing mass adoption of cryptocurrencies. While some people bet on cryptocurrencies because of the high-risk & high-reward features, other wholeheartedly believes cryptocurrencies are going to become the future standard of payments.

    The institutions haven’t been lagging in accepting cryptocurrencies as well. After the hard crash of the 2018 bull run, institutions were some of the most vocal critics of cryptocurrencies but now institutionary giants like PayPal, Tesla, Morgan Stanley and others are leading the crypto adoption race.

    However, there have also been an increase in the growing skepticism about cryptocurrencies. Bitcoin is fast becoming a safe haven asset like gold while it is not at all suitable for the role. The high-risk factor involved in the crypto market has led to governments warning their citizens like the Singapore Monetary Authority whereas the Indian regulators are debating a cryptocurrency ban.

    Moreover, the environmental costs associated with cryptocurrency mining has also been gaining attention. Bitcoin consumes more energy on a single transaction than a British household in two months. Various other comparisons have been drawn to portray the dire situation we are currently in. But, is the growing skepticism in one side going to hinder the growing interest in cryptocurrencies or is it going to fall on deaf ears?

  • Top 3 Altcoins to watch in 2021

    Top 3 Altcoins to watch in 2021

    You really want to know what’s happening in the crypto world and which digital coins suit you best to buy this year.

    Back in 2017, when cryptocurrencies first surfaced on the bigger financial scale there were many speculations regarding their origin, security, and reliability. From an investor’s perspective, back then, things were much volatile and uncertain. But with passing time, things have changed in the crypto sphere.

    We have seen more adoption of altcoins from renowned global companies, financial services platforms, and governments. Bitcoin (BTC) has become a global phenomenon in the financial world. The emergence of Decentralized Finance (DeFi) will change the picture of financial services that are used in today’s modern era.

    In recent times, the financial services giants PayPal and Visa have started to allow their users to use altcoins for daily transactions. Moreover, CNBC has just learned that Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group. This will be another major breakthrough for cryptocurrencies. So, in the middle of high expectations and a strong potential future, let’s have a look at the top three altcoins to watch for in 2021.

    Ethereum (ETH)

    Ethereum (ETH) is a smart contract platform for creating decentralized apps (DApps). The blockchain program comes up with its programming language known as Solidity. Ethereum is the second largest crypto by market cap and has grown massively since the start of the new year.

    Ethereum is the one who laid the foundation for DeFi and that’s the reason why a large portion of the DeFi ecosystem is based on Ethereum’s blockchain. According to analysts, after Bitcoin, Ethereum is the most interesting crypto in the space, especially the way it has popped up in recent times. So, Ethereum is definitely one of the best altcoins to look at in 2021.

    Cardano (ADA)

    Cardano (ADA) is a cryptocurrency network and open-source project that aims to run a public blockchain platform for smart contracts. It’s known for its innovative approach with its unique blockchain network.ADA is a proof-of-stake (PoS) blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods.

    Cardano is also one of the top-rated cryptos in the market and it has been in the picture along with top assets like Bitcoin, Ethereum, and others. For investors, Cardano has sparked a strong image with the ongoing bullish trend of the market. ADA is a must watch altcoin this year.

    Litecoin (LTC)

    Litecoin (LTC) is among the top-rated altcoins in the market and certainly one of the top altcoins to watch for in 2021. Litecoin has turned to be a great investment option over the past years. The reason Litecoin has grown into such a big network is that it’s one of the first alternatives to Bitcoin.

    Litecoin has a market cap of $12.9 billion and currently trades at the 9th spot in the market. The digital has much upside at the moment and seems a healthy investment option in the market.