Bitcoin Loses Ground As Ethereum Takes The Lead In This Major Metric
Despite the ongoing bearish action of the market, Ethereum is showing signs of strength in some areas. In a significant landmark, the leading altcoin has surpassed Bitcoin, the largest digital asset, in a key metric that has defined industry strength. Ethereum Is Dominating An Important Metric A recent report from Leon Waidmann, a market expert […]
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Ethereum has taken a lot of attention in the past months, as the network recently completed one of its most important updates in history by introducing EIP-1559 with the London Hard Fork. Thus, ETH’s price has been appreciating and records almost an 85% increase since it reached a low in July. The update has been […]
The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar. This was shortly after the exchange rate dropped to a three and a half year low rate of 500 nairas for one dollar back in November 2020. Renewed Pressure on the Naira As one report explains, the naira’s latest depreciation comes just a week after the Central Bank of Nigeria (CBN) devalued the currency by over 5%. As previously....
Recent data has shown that Ethereum briefly fell behind Solana in a major metric. This has raised questions about what it could mean for the altcoin season, since ETH usually leads the way during that period. Ethereum Falls Behind Solana In Perp Volume DeFiLlama data shows that Ethereum fell behind Solana in perp volume by […]
A recent report revealed North America is losing ground to other regions in a key sector. The continent, led by the US, was dethroned as the largest hub for crypto developers after recording a sharp decline in its developer’s share over the past decade. Related Reading: Russia To Ban Crypto Mining In Specific Areas Following […]
On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has usually been bearish for the price of the crypto has gone off recently. The “active addresses” is an indicator that measures the total number of Ethereum wallet addresses that showed some movement on any given day. The metric takes into account both senders and....