The Next Wave of Ethereum Applications is Almost Here
While critics have long taken aim at ethereum for a lack of production projects, a new wave of decentralized applications (or 'dapps') is making notable progress. Over the last few months, a number of long-anticipated ethereum projects have entered alpha and beta, including uPort, which aims to hand users more control of their online identity, and Akasha, a social media app that's been two years in the making. And some brand new applications have emerged, too. Aragon, for example, debuted last Friday with the goal of helping anyone launch their own DAO (an autonomous, blockchain-based....
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The wave of decentralized finance applications that launched in 2020 owed a great debt to the smart contract platform Ethereum, where traders busily pushed DeFi volumes into the billions. Ethereum-based decentralized applications (dApps) were the biggest success story of the year, at least if you discount Bitcoin’s stratospheric push towards $30k. Open finance protocols such as those related to lending, staking, and saving reiterated the raison d’être for cryptocurrencies, providing users with a trustless means […]
A prominent cryptocurrency analyst, Bluntz, has expressed skepticism about the recent uptrend that increased Bitcoin and Ethereum prices by more than 5%. The pseudonymous analyst told his over 224,000 Twitter followers that the flagship crypto assets may face more downturns. Applying the Elliott Wave theory in his analysis, Bluntz predicted that Ethereum is about to complete a five-wave pattern. According to him, Ethereum will decline to $1,450 on completing the wave pattern marked 1, 2, 3, 4, and 5. Bitcoin And Ether Could Face More Downturn Before A Bounce In Bluntz’s technical....
Bitcoin price sold off from just below $450 to $430. The market may be wondering whether this is the start of a downtrend, but wave analysis shows that the advance has more upside in store. A sell-off has drawn a long red candle in the price chart and retraced advance since Friday. According to the wave count in the chart, bitcoin price is apparently extending its 5th waves and has just completed wave 3 of the larger advancing wave. The current sell-off would count as wave 4, and that implies another advancing wave – wave 5. The 4th wave (today’s sell-off) had targeted the area (magenta....
Bitcoin fell below $20,000 on Tuesday, as markets prepared for the U.S. midterm elections. Cryptocurrencies were swept by a red wave today, as some Democratic investors expect that American voters will also be favoring such a wave in the political arena. Ethereum also moved lower, dropping below $1,500 for the first time in two weeks. Bitcoin Bitcoin (BTC) prices fell for a third straight session on Tuesday, as traders prepared for the U.S. midterm elections. Following a high of $20,882.38 to start the week, BTC/USD slipped to an intraday low of $19,448.53 earlier today. This drop in price....
Ethereum’s price is forming the last wave of the short-term downward trend. After this wave ends, the medium-term structure will begin to form. There will be a good chance for increased volatility. ETH/USD. The first wave of almost any trend is usually formed by big traders. By pouring in big capital, they provoke the mass of small traders into either selling or buying an asset. Trading volume usually falls at key levels of any trend, because the majority of traders don’t know where the price is going to go. Because of that, those that do make the first step are clearly expecting....