The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets. It has prompted even Bitcoin holders to “wrap” their BTC in Ethereum. The amount of BTC supply wrapped in Ethereum has doubled in August alone, but why exactly is this happening, and…
Few altcoins have performed better in 2020 than Ethereum. The second-ranked cryptocurrency is up well over 200% on the year, and from the Black Thursday bottom to the 2020 high, Ethereum rose over 400%. Momentum looks to be behind bulls, however, an ominous signal just triggered on ETHUSD weekly price charts. The signal could be…
Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH. The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side…
Ethereum is up over 2% and it broke the main $400 resistance against the US Dollar. ETH price is likely to accelerate higher once it clears the $408 resistance zone. ETH price is back in a positive zone above the $400 and $402 resistance levels against the US Dollar. There is a strong support forming…
Ethereum has firmly surmounted its $400 for the first time in a few weeks, with buyers now attempting flip this level into support. The crypto’s latest upswing has allowed it to outperform both Bitcoin and most other major altcoins significantly Analysts are widely noting that the cryptocurrency is reaching a decision point, with its near-term…
Yearn.finance (YFI), one of the hottest crypto assets in the Ethereum decentralized finance space, has seen an extreme price performance in the past day. The asset has gained approximately 30% in the past 24 hours as per data from Coin Market Cap. This is an outperformance of Bitcoin’s 1% gain and Ethereum’s 1.7% move higher.…
Ethereum has seen a strong correction from the highs it has seen earlier this month. After peaking at $440, the asset has slid to $385 as of this article’s writing. ETH’s retracement comes as Bitcoin has also dropped, seemingly in response to some weakness in the price of gold and some strength in the U.S.…
Ethereum and Bitcoin have been subject to a strong correction over recent days. Both cryptocurrencies have dropped over 10% from their year-to-date highs, set just a week ago. ETH is set to return to its uptrend, though, according to one analyst. The analyst in question has been historically accurate, predicting months before it happened that…
Bitcoin broke above $10,000 and is trading well above the key level. Ethereum is up over 200% year to date, and the rest of the crypto market is right behind it. However, small-cap altcoins have been beating out all major crypto assets three-to-one over the last month. But what is causing the significant outperformance? Total…
Ethereum has been one of the best-performing assets in 2020, bar none. It beat Bitcoin, gold, stocks, and other assets in the best return on investment, had the $1,200 stimulus check be entirely invested in assets. But after today’s 10% intraday drop, the top-ranked altcoin is at risk of closing the daily with a bearish…