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Topics - Rain075

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Ethereum News & Updates / Ethereum Daily Transaction Fees Hit $22M, a New All-time High

« on: February 05, 2021, 11:29:19 PM »

Ethereum daily transaction fees just hit an all-time high of $22 million
This exceeds Bitcoin’s record of $21.4 million for daily fees
Ethereum has also hit an all-time high of $1,695 – Binance rate
Grayscale has accumulated 47k ETH in the last 24 hours and 70,791 ETH since it opened subscriptions this week
Ethereum has since dipped below $1,600 in what looks like consolidation for another move up
Ethereum’s (ETH) daily transaction fees have just hit an all-time high of $22 million. This is according to data shared by the team at Coinmetrics who also pointed out that this value exceeds Bitcoin’s all-time high of $21.4 million in daily transaction fees set in December 2017. Source Link

Ethereum News & Updates / ETHEREUMRace to the top and the future of Ethereum

« on: February 05, 2021, 11:27:10 PM »

Ethereum hit a new ATH of $1732 earlier today and is currently trading at a price over 25% higher than it did last week. As this asset races to discover the price beyond $1700, the investment flow in Ethereum has increased and more institutional traders are valuing it. The valuation process is not as simple as it would seem, simply due to the dual nature of the asset. Money and commodity – it functions as both, and comparing it to Bitcoin or the likes of other altcoins may be only partially correct. Source Link

Ethereum News & Updates / Ethereum Consolidates Around ATH Levels: Breakout Might Initiate Huge Move

« on: February 03, 2021, 11:47:48 PM »

Key Support Levels: $1425, $1392, $1350.

Key Resistance Levels: $480, $1500, $1530.

Ethereum managed to climb by 8% today as it pushed from $1375, breaking $1400 to reach $1456 as the current daily high. The cryptocurrency is now trading around the previous Jan-2018 ATH price, which was $1440, according to Bitstamp.

Even though ETH saw a higher price earlier in January, reaching as high as $1480, the coin couldn’t hold above and failed to close a daily candle above the previous ATH price area. Following the $1480 rejection, ETH plunged back into the $1200 support as of last week. Source

Ethereum News & Updates / Ethereum hit a new ATH; here’s what’s next

« on: February 03, 2021, 11:45:04 PM »

Ethereum’s price tested its resistance level for a few weeks, before hitting a new all-time high of $1,540 on the charts, based on data from Santiment. In fact, at the time of writing, on-chain and technical analysis pointed to a short-term top ahead of the CME Futures listing.

Another positive sign observed on the charts was the implied volatility, with the same noticeably elevated ahead of the listing. While the aggregate daily volume for ETH Futures, at press time, was well below $20 billion, dropping from last week’s level, with the ETH Futures listing on CME inching closer, there may be a significant hike soon. Source

Cardano Forum / Cardano (ADA), price rises and returns to its 2018 values

« on: February 03, 2021, 11:39:23 PM »

The price of Cardano (ADA) is soaring. Today, ADA is up 18% and is among the best performers of the day. Today’s rise comes on top of yesterday’s strong move, when Cardano scored an impressive +16%.

Currently, according to CoinMarketCap, ADA is worth $0.42 and has more than doubled the price at which it opened 2021, when it was worth “only” 18 cents.

This increase in value has led Cardano to climb the list of the most highly capitalized, ranking 6th, behind Polkadot, which is $2 billion away. Source

Cardano Forum / Cardano Price Surges 30% Ahead of Big Milestones

« on: February 03, 2021, 11:37:46 PM »

The price of Cardano (ADA) has surged 30% in the past day, buoyed by upcoming developments for the protocol and a favorable sentiment among cryptocurrency speculators. It trades at $0.45 at press time, hitting prices last seen three years ago in January 2018.

Launched in 2017 by former Ethereum co-founder Charles Hoskinson, Cardano is a proof-of-stake protocol that allows users to run smart contracts atop its blockchain. Its current version, “Shelley,” bought about staking rewards in 2020, marking the start of the second phase of its multiyear, five-phase launch. source

Dogecoin Forum / Dogecoin Rises 66% as #DogecoinArmy Trends on Twitter

« on: February 01, 2021, 10:39:52 PM »

Elon Musk’s favorite meme coin, Dogecoin, today hit highs of $0.045, up from $0.027, the price at which it had sat for most of the day. But its peak was brief; the price has since fallen to $0.036.

Coinciding with the surge is the hashtag #DogecoinArmy, which is trending in several countries including Pakistan, the United States, and the United Kingdom. The trending hashtag follows days of organised effort from Doge investors on Reddit.

We are on top of the table
😍 pic.twitter.com/2EURZk7Vpf

— Usman Chaudhary (@ChaudharyUsman_) January 31, 2021

Dogecoin’s price jumped from around $0.01 to over $0.04 overnight on January 28.

That price hike was mostly thanks to crypto traders on. Source Link

NEO Forum / Neo SPCC compares Storj Tardigrade and NeoFS in latest distributed storage deep

« on: February 01, 2021, 10:36:38 PM »

Neo SPCC has published an in-depth assessment of the Storj distributed storage platform, comparing it with the NeoFS platform. The article is the second in a series that began with a comparison between NeoFS and Filecoin, released in November last year. The team notes Storj as the “closest to NeoFS” in terms of its ideology towards building services and integrating with existing protocols such as Amazon S3.

Neo SPCC’s comparison evaluates both platforms in a similar fashion to the previous installment. Readers are walked through the different areas of development, covering how each functions at the blockchain, network, and economic levels. Source Link

USDC Forum / Tether Market Share Slides as Circle’s USDC Makes Big Gains

« on: February 01, 2021, 10:34:49 PM »

Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now.

The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good for the industry in general as reliance on one centralized provider for dollar-pegged assets is never a good idea.

$USDT market dominance in stablecoins is below 75% for the first time ever

On the other hand, $USDC market dominance has grown to its highest ever level of ~15%https://t.co/ovrTyyEpuf pic.twitter.com/a4v6fNRTch

— CoinMetrics.io (@coinmetrics) January 31, 2021
Source

Ethereum News & Updates / ETH Prices Barely Budge Despite Ethereum Foundation’s Reddit Deal

« on: January 30, 2021, 06:11:25 PM »

Ethereum (ETH) prices have continued to bump along without any real momentum in either direction, with the market seemingly unmoved by news of social media giant Reddit’s latest deal with the Ethereum Foundation.

At the time of writing (09:21 UTC), ETH trades at USD 1,270 and is up by 1% in a day and 1.5% in a week. Source

Bitcoin News & Updates / Elon Musk’s Twitter Bio Now Says One Word: Bitcoin

« on: January 30, 2021, 06:09:41 PM »

Elon Musk joined the voices of many crypto proponents today with a simple change on his Twitter bio. It now says one word: Bitcoin.

🥺 pic.twitter.com/6ilupRuom1

— Udi Wertheimer (@udiWertheimer) January 29, 2021

It’s been put ahead of words that could better describe his full-time duties as CEO of electric carmaker Tesla, space exploration firm SpaceX, or even underground drilling company The Boring Company.

Since this move, Bitcoin's price has pumped $4,000, rising from $32,000 to $36,000 in half an hour. Source

Bitcoin News & Updates / CoinMarketCap lists ‘joke’ WallStreetBets token above Bitcoin

« on: January 30, 2021, 06:07:57 PM »

As GameStop GME stocks surged from $19.79 to a high of $380, in the past week, Hedge fund Melvin Capital and Citron Research lost billions due to the WSB short squeeze. However, this week has been about the Reddit community of day traders, WallStreetBets or WSB that undoubtedly, for better or for worse, made its mark on financial markets.

Nevertheless, some crypto companies have decided to pay ‘tribute’ to the WallStreetBets community. Recently, Coinmarketcap decided to list WallStreetBets token, which currently outranks Bitcoin, as the biggest crypto by market cap. CoinMarketCap stressed the fact that the listing was “a joke- no such asset exists.” Source

DeFi tokens / Run, blockchain, run! DeFi adoption needs faster block times

« on: January 30, 2021, 06:05:36 PM »

Low-cost, low-latency and highly scalable blockchain infrastructure — that is what will lead crypto and DeFi to real mass adoption. Global companies are implementing distributed ledger technologies in an attempt to gain efficiencies in areas such as global payments and supply chain transparency. Blockchain tech can replace slow, paper-based processes, as well as improve security.

However, many of the platforms in use today suffer from poor design. Networks become clogged with traffic too easily, resulting in latency issues and, ultimately, a sub-par user experience. Source

Polkadot Forum / Panter Capital CEO: We’re Very Bullish on Ethereum (ETH) and Polkadot

« on: January 29, 2021, 11:08:54 PM »

Pantera Capital CEO has stated that the firm is bullish on Ethereum (ETH) and Polkadot (DOT)
This is due to the amount of DeFi projects built on both networks
Pantera Capital has increased its non-bitcoin and non-Ethereum share from 16% to 21%
Its Liquid token fund is long 62% on non-bitcoin and non-Ethereum assets
Both Ethereum and Polkadot are hinting of bullishness as the month comes to a close
The CEO of Pantera Capital, Dan Morehead, has shared that the company is very bullish on Ethereum (ETH) and Polkadot (DOT). According to Mr. Morehead, the investment firm is bullish on thee two digital assets due to the amount of DeFi projects built on both. Source

Polkadot Forum / Cross-Chain Indexes Coming to Polkadot With Launch of STP 2.0

« on: January 29, 2021, 11:06:43 PM »

Standard Tokenization Protocol has unveiled “STP 2.0.” Protocol users will be able to access cross-chain synthetic assets in various forms on Polkadot.
Standard Tokenization Protocol has announced a revamped version of its decentralized network.

STP 2.0 will focus on synthetic assets, offering access to cross-chain tokenized synthetics, as well as multi-chain token indexes—something that remains largely unexplored in DeFi today. It will be built on Polkadot.
Source