Ethereum is the top dog when it comes to DeFi. Other decentralized finance tokens are built on its blockchain and require ETH gas fees to transact. This also could be why the top-ranked altcoin is held up a lot better than the rest of the DeFi space, which has fallen on average 60% across the…
Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak. Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble Momentum…
Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. What does…
Overnight, crypto Twitter exploded in chatter about what is essentially free money. Liquidity swap platform Uniswap that’s recently enjoyed enormous growth rewarded early users with a distribution share of UNI tokens. The price per token quickly rose, essentially turning the UNI distro into the crypto industry version of the stimulus check. How Uniswap Is Stealing…
Ethereum is at a pivotal, make or break it moment. While Bitcoin has set a higher low, Ethereum’s higher high implies things are a lot more bullish for the altcoin. But could a fractal matching the trajectory of the 2019 crypto rally and top hint that the top for the year is in for altcoins?…
Ethereum has had a remarkable year thanks to the DeFi explosion. Not since the ICO boom has the crypto asset seen this much demand, development, and network activity. And despite the recent plunge in Ethereum price, addresses have only grown, reaching a new all-time high and growing over 25% in 2020 alone. Here’s why Ethereum…
Ethereum’s Ether is recovering and trading above the $235 resistance against the US Dollar. ETH seems to be preparing for a crucial upside break above $238 and $240.Ether is recovering from the $232 support and trading above $235.The price is now approaching the main $238 and $240 resistance levels.There is a major bearish trend line…
Ethereum is still struggling to clear the main $200 resistance against the US Dollar. ETH could start a short term downside correction if it continues to struggle near $200.Ethereum is currently trading in a range below the $200 and $202 resistance levels.The price is showing a few bearish signs below the $200 pivot level.There is…
Ethereum was trading in a positive area this Wednesday after rising about 5 percent on a 24-hour adjusted timeframe.The second-largest cryptocurrency settled a new intraday high at circa $286, becoming one of the top-performing assets in the wake of a market-wide upside recovery. At its lowest, Ethereum was trading at $256 earlier this week, according…
Traders encouraged by Ethereum’s impeccable growth in the decentralized finance (DeFi) sector have pushed its native token Ether to its five-month high.The Ether-to-dollar exchange rate cemented a new yearly peak of $222.63 after surging by 4.55 percent on Friday. The move uphill extended the pair’s year-to-date gains to 71 percent, making Ethereum one of the…