Although developers face difficulties on the way to the transition to Ethereum 2.0, transaction fees on the blockchain exceed $ 10, ETH not only holds positions, but also grows, which is a rather rare story for "cryptostars-2017". This success owes Ether to the widespread use of the blockchain by stablecoins and DeFi, which were on the rise in 2020.
Amadeus September 21, 2020 Reply
The reason for optimism in the market was the message that Ethereum miners earned a record $ 1 million in an hour. This happened as a result of the fact that commissions on the network of this cryptocurrency increased significantly due to the free distribution of the token. The Ethereum-powered Uniswap exchange issued its UNI token and gifted it to users for $ 1,500: market participants paid $ 50 per transaction to collect their prize as soon as possible.
Cornelius September 18, 2020 Reply
The Ethereum 2.0 update, as previously planned, will be released in November of this year. In October, the developers plan to complete work on the security of the new blockchain and begin to improve the user interface. This news somewhat reassured market participants after the information appeared on the eve that the developers had discovered a vulnerability in the test version of the updated network, which makes it weak in front of possible hacker attacks.
Clau$$ September 15, 2020 Reply
The Ethereum developer has discovered a potential vulnerability in Ethereum 2.0 - a low level of participation in staking, this could allow the whales to disable the network. This is bad news for Ethereum investors as they have high hopes for a new version of the network.
Cornelius September 14, 2020 Reply
Although developers face difficulties on their way to the transition to Ethereum 2.0, transaction fees on the blockchain exceed $ 10, ETH not only holds positions, but also grows, which is a rather rare story for the "crypto stars of 2017". This success owes Ether to the widespread use of the blockchain by stablecoins and DeFi, which were on the rise in 2020.
Mi11Mike September 12, 2020 Reply
Ethereum (ETH) is showing significantly more significant growth. Despite the rise in transaction fees on the blockchain, which makes it inaccessible to ordinary users, the project is attracting huge attention and has the potential for further growth. First of all, now it's about decentralized finance. Cryptocurrencies are still aiming at creating a "superstructure" over the financial system. If Bitcoin didn't succeed, then DeFi tokens have become more flexible and much more similar to the traditional banking sector.
Casual Millionaire September 10, 2020 Reply
Investors in China are massively withdrawing Ethereum from marketplaces, deleting accounts, and encouraging other users to do the same. The outflow of funds was recorded from the platforms Binance, Poloniex, Bittrex, Kraken, Kucoin and Bitfinex, said local journalist Colin Wu on his Twitter account with a link to the analytical service Cryptoquant. There are two reasons for this peculiar movement. Firstly, over the past week, many sites experienced delays in withdrawing funds and interruptions in work. For example, Poloniex disabled withdrawal three times in September due to problems with Ethereum and Tron wallets and all tokens based on them. Another reason is the development of the decentralized finance (DeFi) sector. Traders most of all withdraw Ethereum to DeFi-sites for "profitable farming". The essence of this strategy is to make a deposit on the platform and receive a percentage on it in another cryptocurrency, that is, “harvest”.
Rodri September 9, 2020 Reply
The most impressive drop was shown by coins from the DeFi sector. After such a rapid growth, such a scenario was inevitable. The main question is different: will there be a rebound? If DeFi coins are a purely speculative topic with bubble properties, then a return to growth would be a big question. Nevertheless, we see now that DeFi cryptocurrencies were the first among cryptocurrencies to recover after the fall. It is likely that pent-up demand is now in force, and investors who have missed the moment of the price jump are entering the market. In the medium term, there are still good chances for several more cycles of significant growth. Further, restrictive factors can come into play, including regulation or technical aspects. In addition, scenarios with hacker attacks should not be ruled out. During the ICO boom, news of multi-million dollar hacks came with almost the same frequency as news of successful fundraising rounds.
Gaborek September 8, 2020 Reply
Strong demand for DeFi protocols, as well as demand for liquidity in general, are driving the growth of stablecoin emissions. Over the past several months, the emission of stable cryptocurrencies has grown by about $ 100 million every day. DeFi projects are attracting impressive volumes of stablecoins. In addition, after the correction has begun, stable cryptocurrencies are also starting to attract an abundant amount of assets from closed positions.
ComputerScientist September 5, 2020 Reply
Fears have been growing lately that it is the decentralized financial applications sector that could trigger the next major wave of correction. However, DeFi cryptocurrencies are showing unexpected resilience despite the decline in the crypto market. It is likely that in the medium term we will see a further drop in the Bitcoin dominance index and the growth of Ethereum, whose capitalization has almost doubled since the end of July.
Know1tAll September 4, 2020 Reply
Ethereum fell by more than 9% in a day. In this case, we see a correction after an impressive growth, since even taking into account the current decline, ETH shows an increase of more than 12% over the week. The thing is that Ethereum is now playing on many fields, and in each case wins. In addition, the project provides high commissions to miners. So, on September 1, ether miners earned a record $17 million due to the high demand for the project's blockchain. It remains to be hoped that the project will withstand the load and prove its scalability, which will result in even greater growth in demand for ETH.
Kelsey Bing September 3, 2020 Reply
Basically, the market was pulled up by DeFi coins. However, more and more pessimists appear about their prospects. They point to many signs of a bubble, the collapse of which could lead to a redirection of funds towards the most famous cryptocurrencies, or again could cool off interest in the entire market for a long time. The Greed and Fear Index for Bitcoin and other major cryptocurrencies is in a state of "extreme greed", adding 8 points per day. The indicator is still going against the RSI for the BTC / USD pair, which shows room for growth without approaching overbought levels.
Reds4Life September 2, 2020 Reply
The $112 million Ethereum options will expire on Friday 28 August. The options expiration is likely to have an impact on the short-term prospects of the coin. The leading altcoin has dropped below $ 400 recently, but the sentiment of the crypto market participants is still positive as the launch of the second version of the blockchain approaches and the demand from the stablecoin market is high.
TheSmartest August 28, 2020 Reply
The greed and fear index is in the "extreme greed" area: this, at the very least, encourages serious caution. Since institutional money appeared on the crypto market, digital currencies cannot grow in the format of “unshakable faith” in the future of cryptocurrencies. A more tangible dependence on technical indicators has appeared, a more obvious connection with what is happening in the traditional market. However, this is asset maturation that will attract more big capital over time.
Know1tAll August 9, 2020 Reply
Ethereum not only confidently passed the $300 threshold, but also continues to move up. In addition to the fact that institutional demand applies not only to bitcoin, but also to ether, internal factors also affect the rise in the price of altcoin. The approach of ETH 2.0, the growing popularity of stablecoins (based on the Ethereum platform), as well as the growing popularity of decentralized financial applications (DeFi), due to which tokens are blocked within the blockchain, lay the foundation for the continued growth of ETH.
Alexzander August 1, 2020 Reply
Ethereum has renewed yearly highs above $300. Ethereum's weekly growth is over 30%. Ethereum demand is fuelled by a boom in the DeFi sector. The rise in popularity of altcoins is considered a positive sign for the outlook for the crypto market. The persistence of its downward trend will indicate a growing retail demand, as institutions invest mainly in the first few coins in terms of capitalization, using the existing infrastructure for them. Apparently, the infrastructure will expand, as it became known that the US Treasury has allowed commercial banks to store cryptocurrencies.
Harr1ot July 27, 2020 Reply
Among altcoins, it is worth highlighting Ethereum, which shows more than a twofold growth in the number of active wallets since the beginning of the year, several times ahead of Bitcoin in this indicator. In this case, this growth can be influenced by both DeFi (decentralized financial applications), as well as the work of other altcoins (including stablecoins) based on the Ethereum platform. Since the beginning of the year, the price of ETH has increased by 79%, which also reflects the confidence of market participants in the development of the platform's ecosystem.
PancakeKing July 17, 2020 Reply
In addition to cryptocurrencies with low capitalization, Ethereum is a serious competitor to bitcoin. According to Messari, the growth in the number of active wallets of the leading altcoin is several times higher than Bitcoin and is 118% since the beginning of the year. Demand for DeFi is becoming the next growth driver, creating the basis for the purchase of tokens not only for speculative purposes. Just this was not enough bitcoin to steadily overcome $ 10K.
Copernicus8394 July 15, 2020 Reply
Glassnode reported that users began to withdraw cryptocurrency from exchanges. The reserves of the exchanges decreased by 10% compared with the maximum established at the beginning of the year. Experts explained this by the fact that investors are moving to a longer-term cryptocurrency storage strategy.
ImmaNoFool July 13, 2020 Reply
The demand for altcoins is growing, as it has become corny easier to buy. Many applications have been released where in a few clicks you can buy almost all altcoins from the TOP-100, paying for it with a credit card. Inside applications, as a rule, there are ways to instantly take profits in USDT stablecoin, and then withdraw to fiat. This is a significant difference from the situation in 2017, when purchase schemes for retail investors were rather confusing.
PancakeKing July 10, 2020 Reply
Ethereum has been bouncing between $160-$170 for days. This zone has shown that’s its a strong point for accumulation, and therefore we are likely to see a large bounce from this point. Between BTC ratio and USD value, ETH is poised for a huge move in the green as it shows a direct similarity to that of BTCs 3k bottom and the 2016-2017 fractal pattern before ETHs massive bullrun. It’s safe to say that ETH is an obvious move at this point.
dannypenny September 4, 2019 Reply
Everyone always says to buy BTC when in fact you should also be buying ETH. ETH has so far provided larger gains in the last two bull runs. In 2017, if you bought ETH when it was $17, then you would have drastically out performed BTC when it was $900. Again, earlier this year ETH was at $70, and it already did a 2x from its low. BTC on the other hand still hasn’t cracked a 2x from its 2019 low. This shows that even though most people see BTC as the ultimate coin, you would have consistently outperformed it with ETH. ETH is so undervalued it’s not even funny anymore, but this makes it a second chance for everyone that missed the boat in late 2016 and early 2017.
Roger April 28, 2019 Reply
Ethereum is still the biggest coin to watch over the next 3-5 years. BTC is the new store of value/ gold equivalent for this generation, but ETH is going to prove itself to be as invaluable as the App was for the internet. It makes zero sense to not invest in ETH, or atleast own a significant sum for the real liftoff. ETH has been channeling in a heavy accumulation zone for months. Once it breaks out we’re going to see it back in the 1200 dollar range in no time.
Donny April 14, 2019 Reply
Ethereum still hold the 2nd spot. The bull market is finally back on the table and ETH stands to make atleast 10x gains. This coin has always performed because nearly every developer in the blockchain space is related to or works directly with ETH. Although there are other hype coins out there, none have the staying power of ETH. The developer community backing Ethereum is second to none, far outweighing that of Bitcoin's core team. If you're looking for a guaranteed 10x, look no further than ETH.
Bill April 4, 2019 Reply
ETH is still one of the most exciting coins on the market. Their endless use cases still put it up rightly as #2 on CMC. Ethereum should never be replaced by tron every again. ETH has the most developers, the most traction for the next step for blockchain technology. Exciting times ahead.
Carlos March 20, 2019 Reply
It's great to see a community forming around ETH again. After they delayed the constantinople hardfork the community really seemed up in arms. Now that the fork has completed without issue, the entire atmosphere seems back to normal again. ETH is the Amazon of blockchains, and not owning a few Buterins will be a costly mistake in the next 2-5 years.
Constantine March 7, 2019 Reply
Ethereum showing healthy signs that the worst is over regarding the big selling pressure of ETH in the last year. It was long overdue that the price for Ethereum should rise, considering all the headway ETH 2.0 has made.
Rick February 24, 2019 Reply
Given the high recognition of cryptocurrency and infrastructure development, the volume of investment can also increase significantly. No one will hurry, as the owners of big capital do not differ in excessive emotionality and rely only on the most promising conditions. In this case, the benefit lies either in the minimum quotes of digital assets, or in investments in projects with a proven business model.
Igor December 18, 2018 Reply
Ethereum is a software platform that aims to act as a decentralized Internet as well as a decentralized app store. A system like this needs a currency to pay for the computational resources required to run an application or a program. This is where ‘Ether’ comes into play. Ether is a dig...