Another week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with the ever-important $7,400 resistance. Altcoins, interestingly, came into their own this week, with Ethereum, Link, Tezos, EOS, among other top altcoins posting double-digit percentage gains in the past…
Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has performed rather well, rallying from $6,100 to $6,800 as of the time of this article’s writing, a few percent shy of the multi-week high of $7,200. Altcoins followed the market leader, posting similar gains.Bitcoin remains below the key resistance around $7,000, which some…
In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above peg). Mostly on @dydxprotocol and…
While the cryptocurrency didn’t perform that well in 2019, Ethereum (ETH) is one of the best-performing digital assets of all time, rallying from an ICO price under a dollar to the $160 where it is today. Related Reading: This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20%Despite this jaw-dropping gain in and of…
Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend.Report shows there is fast growth everywhere for EthereumThe main area of parabolic growth for Ethereum throughout the past year has been Decentralized Finance (DeFi).…
The number of active DeFi users, on the Ethereum network, is experiencing phenomenal growth. A recent report shows that this doubled, to 60,000, in only five months.And expectations, that it will form the foundation for the new financial economy, have never been higher, signaling tremendous confidence in Ethereum.DeFi Intends To Mirror And Recreate, Not DisplaceIn…
Binance released its report on decentralized finance applications (a trend most often affiliated with Ethereum) yesterday, highlighting the continued growth of the DeFi ecosystem; according to a Tweet by @CryptoWolf, as Ethereum locked in DeFi continues to rise, the price of the coin will rise in conjunction. Defi Built on Ethereum Malta-based crypto-exchange Binance published…
Ethereum is not having the greatest start to 2020. Prices are dumping again from levels which are already at rock bottom as more ETH gets liquidated on exchanges.Ethereum Keeps DumpingSince New Year’s day ETH has dumped over 5% and the rout has continued for the third day of the month. Support at $130 has turned…
Ethereum has just slumped to a nine month low, wiping out virtually all gains it has made this year. The move has been part of a market wide decline catalyzed by Bitcoin’s drop below $7k. Many are not convinced that ETH prices will recover at any time soon, and here is why.Ethereum Bears Gaining StrengthThere…
Fundamentally, Ethereum has had a solid year with growth on many fronts. Unfortunately the same cannot be said for price which has now returned to crypto winter levels. All cryptocurrencies, with the possible exception of one or two, are bearish at the moment but Ethereum is likely to bounce back stronger next year.Ethereum Fundamentals Still…