After the price drop on June 7 which caused Aave’s price to fall by almost 16.6%, the asset experienced slight recoveries before falling further from June 10. Aave ranked 28th on CoinMarketCap noted a one-day price fall of 5.89% and a seven-day price fall of 13.87%.

June 11

Ethereum’s market suffered another hit on Monday, however, its slashing price resulted in inflows rising for the altcoin. The market’s second-largest cryptocurrency seemed to be maintaining its downtrend on the charts and at press time, was trading at $2,462.68 with a market capitalization of $285.74 billion

Reduced network activity is resulting in lower fees for Bitcoin and Ethereum as both recede heavily from their all-time highs.The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months.
Fees are paid to the miners who process transactions on a typical proof-of-work blockchain. The size of the fee depends on the size of the transaction in bytes and how many transactions a coin has gone through in the past (as these need to be checked every time a coin is moved). Supply and demand for space also dictate the size of a transaction fee since blockchains have limited capacity.
Both Bitcoin and Ethereum saw their transaction costs surge to all-time highs in 2021 in April and May, respectively, coinciding with their rising coin valuations and price peaks.source

Bitpanda, a European-based crypto exchange company, announced today the launch of Bitpanda White Label, opening up its infrastructure to B2B2C partners and clients. The white label service enables organizations to create a comprehensive digital investing platform of their own; with the look and feel of their brand, powered by Bitpanda’s technological infrastructure.

API-Powered Infrastructure
White label partners are able to connect their native app to Bitpanda’s backend through a set of APIs. Users of white-label partners can still interact with the front end of the partner that they are familiar with. Executing trades and establishing the custody of assets are performed in the background by Bitpanda. The entire user experience, from researching an asset, managing trades to market info screens, and portfolio monitoring all happens in the partner’s native mobile app under their existing branding.source

#PROOF OF REGISTRATION
Forum Username: H2O
Forum Profile Link: https://www.altcoinstalks.com/index.php?action=profile;u=74318
Telegram Username: @MAK400
Participated Campaigns: telegram
BUSD (BEP2 ) Wallet Address: bnb1je68vuk5qsd6p569pwf4s7x4q8xu8vq0rtzhq8

6 June
XRP bulls defended $0.89 support but bearish pressure was on the up in its market. Squeeze Momentum Indicator noted declining momentum and a pickup in volatility would amplify losses. A breakdown from its press time support would drag XRP to a demand zone between $0.786 and $0.63..

Ethereum’s rally to $6,000 is a narrative supported by its increasing market share and capitalization. The altcoin, at the time of writing, was still rangebound around the $2,800-level, based on data from CoinMarketCap, with its market capitalization just under $320 billion too. Combine this with EIP 1559 and the transition to PoS, and it is likely that Ethereum’s market share will increase too, especially relative to Bitcoin.

Based on the attached chart, Ethereum’s market capitalization was 48% that of Bitcoin. The aforementioned percentage is anticipated to increase in the future, thus signaling that Ethereum’s rally may slow down, but not stop. In fact, purely in terms of aggregated daily volumes, ETH/BTC spot volume has been at an average level since 26 May 2021
The price has been increasing proportionately with the increase in social volume too. While the selling pressure has increased somewhat, given the change in HODLer composition, it has been absorbed by the increasing demand across exchanges. Now, the drop in accumulation by large investors is a concern in the long-term, alas, Ethereum’s high ROI is likely to drive consistent demand and support the price rally based on the previous few instances.source