How One Ethereum Could Soon Be Worth Half A Bitcoin
Ethereum just cleanly broke above $2,000 for the first time ever, and the altcoin has been soaring since. The milestone has revived talk about an altcoin season and even a “flippening” of Bitcoin itself. And while that’s unlikely to happen, technical analysis of the ETHBTC pair could suggest that one full Ethereum will soon be […]
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Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong. According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming majority of minting took place on OpenSea.io. Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansen said. In comparison, about $107 million worth of NFTs were minted....
Ethereum's value has appreciated by over 500 percent since the beginning of this year. Here are some of the possible reasons... Ethereum, the crypto-token of the Ethereum platform has become increasingly popular amongst cryptocurrency enthusiasts over the past few weeks. Ethereum’s value has appreciated by nearly 500 percent since the beginning of 2015. In January, one ethereum was roughly worth 0.00212BTC. Almost a month and a half down the line, the value stands at around 0.01101 BTC. Ethereum is notably one of the valuable platforms. With the global FinTech industry shifting towards....
Despite $4B worth of BTC and ETH being locked in DeFi over the past five months, the two top coins still account for less than half of the sector’s TVL The recent explosive growth of decentralized finance (DeFi) has seen the sector lock nearly $4 billion worth of Bitcoin (BTC) and Ether (ETH) in less than five months.According to DeFi Pulse, the number of Ether locked up in DeFi protocols increased 218.5% since June, growing from 2.7 million ETH to 8.6 million ETH. Locked Bitcoin has grown more than 3,000%, from 5,000 BTC mid year, to roughly 158,800 BTC today. On October 14, crypto asset....
A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly – but all by design. The XEN token has accounted for nearly half of Ethereum gas in a 24-hour window in recent days. What is it, and where did it come from? Let’s take a brief […]
It's now been one month since a hard fork of the ethereum blockchain resulted in 11.6m ether being moved to an account with one function: withdraw. At the time, that was about $145m worth of the digital currency just waiting for former investors, and within hours of its creation, nearly half of those funds had been claimed. Today, however, the rate of withdrawal has come to a near standstill. Over the last week, the withdrawal account's balance has dropped from 2.39m ETH to just 2.29m ETH today. At today's rate, that leaves more than $25.9m worth of ether still unclaimed. Who owns this....