Ethereum 150% Surge Against Bitcoin Loses Steam After 40 Days
The phenomenal +150% run that saw Ethereum dramatically outperform Bitcoin has officially hit the brakes. After fueling the recent altcoin mini-season, the crucial ratio has stalled out completely, exhibiting 40 days of stagnation. With the main engine of the altcoin market now idling, the initial euphoria is fading, raising serious concerns about the stability and short-term future of nearly every asset outside of BTC. Is Ethereum Entering A Healthy Accumulation Phase? The powerful momentum behind altcoins has evaporated following the stagnation of the ETH/BTC ratio. A full-time crypto....
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Ethereum is gaining favor over bitcoin in the eyes of institutional investors. The price of the latter has been seen as being too high, prompting investors to look for other crypto investment options to gain exposure from. The expanding real-world use cases of Ethereum have also helped to further its case as the preferred crypto […]
Steam is one of the most popular gaming-related platforms in the world these days. As a result of that popularity, Steam is also attracting a bunch of unwanted attention from hackers and phishers, According to details released by Valve, roughly 77,000 Steam accounts get hijacked on a monthly basis. Even though Valve makes two-factor authentication for in-game item sales mandatory now, blockchain technology could play a major part in creating a better solution. Being one of the world’s most popular gaming-related platforms can be both a blessing and a curse at the same time. Steam is the....
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch and since August 8, the proposed fork called ETHW has gained market value in a few IOU markets. Despite the value gathered, the potential token lost more than half of its USD value in less than six days’ time.
While ETHW Captures....
Ethereum is primed to move lower in the days ahead as the cryptocurrency slides below $570 for the first time in many days. ETH is expected to see weakness in the near term as it slides below key technical levels with Bitcoin. One crypto-asset analyst recently shared the chart below, noting that Ethereum is moving below range lows in the $570 region. He thinks that as long as ETH holds below $570, the bear case […]
Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked in DeFi is on a downward trend.