[ad_1] The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. This ETF application had a tame impact on the price of Ether, with the cryptocurrency only climbing to $1,650 the following day. Moreover, the token has almost fully reversed the minor gains from the significant development. Ethereum Price Registers 0.1% Rise Last Week – Here’s Why Ethereum currently changes hands at about $1,628, according to data from CoinGecko.…
Author: Opeyemi Sule
[ad_1] Like most altcoins, Ethereum (ETH) has seen its price succumb to the negative market sentiment in recent weeks. This unfavorable market condition has consistently caused the second-largest cryptocurrency to trade beneath the $1,700 level. Could Ethereum Price Fall To $1,200? In an X post dated Wednesday, September 6, crypto analyst Ali Martinez offered insight on the price of Ethereum. The analyst shared that the value of ETH faces a potential significant correction to $1,200 if it stays below $1,680. Source: IntoTheBlock/ali_charts Using data from the blockchain analytics platform IntoTheBlock, Martinez’s projection revolves around the purchasing areas where most investors…
[ad_1] The value of PEPE, one of the most promising assets in the second quarter of 2023, has been faltering in recent weeks. According to CoinGecko data, the meme coin has been in a 33.6% price decline in the last 14 days. The PEPE price took a significant hit in the past week, tumbling by more than 20% in a matter of hours. This negative price action was triggered by the rumors of a rug pull orchestrated by the project deployers. On Thursday, August 24, about $16 million worth of Pepe tokens were moved from the developers’ multi-sig wallet to…
[ad_1] Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder Michael Egorov’s $100 million loan positions. These positions have garnered significant interest, as they are backed by about 47% of the entire CRV circulating supply. With the price of CRV dwindling, these debts appear to be at risk of liquidation, putting the Curve protocol, CRV investors, and the overall DeFi space on edge. A Breakdown Of Michael Egorov’s $100 Million Loan On Tuesday,…
[ad_1] SNX, the native token of the Synthetix Network, has been on the rise, gaining more than 35% in the past week. The cryptocurrency continues to exhibit strong bullish momentum, having registered a positive market performance over the past few weeks. SNX’s recent price surge has been linked to the positive sentiment surrounding the Synthetix network. A few days ago, the protocol announced its plan to release a new decentralized exchange (DEX). Synthetix Token Tallies 35% In One Week – Price Overview The cryptocurrency market experienced a jolt of positivity after the long-running battle between payments and technology firm Ripple…
[ad_1] AAVE, one of the most prominent DeFi tokens, has made a bright start to July. The coin is experiencing a price rally, jumping by more than 26% in the past week. Overall, the AAVE market seems to be enjoying much attention as shown by recent high whale activity. AAVE Aims For $90 Again – Price Action AAVE has been on a positive run in the past few weeks. Since reaching a yearly low of $50 in mid-June, the token has been on a bullish course, which has seen its value rise by over 53%. Related Reading: Lido (LDO) Sustains…
[ad_1] Luminex, a Bitcoin Ordinals launchpad, has proposed a new standard called BRC-69, which will allegedly optimize the costs of inscribing on this network. This proposal comes barely a month after Bitcoin Ordinals’ developers introduced recursive inscriptions to address the block size limit of 4 MB. Unlike normal Ordinals inscriptions, recursive inscriptions can reference each others’ content through a special syntax. BRC-69 Standard Can Reduce Inscription Fees By 90%: Luminex On Monday, June 3, Luminex introduced BRC-69, a new standard that will facilitate the creation of Recursive Ordinals collections. According to the launchpad, this BRC standard will help reduce inscription…
[ad_1] Conflux (CFX) has had a positive run so far in 2023, placing itself amongst the best-performing altcoins in the first half of the year. However, the “Chinese Ethereum” has been trading in the red in the past few days. According to data from CoinGecko, CFX lost nearly 16% of its value in the past week. DWF Labs Acquires $18 Million Worth Of CFX Tokens This CFX price fall comes despite the acquisition made by DWF Labs in the past week. On Wednesday, June 28, the Conflux network announced that the multi-stage Web3 investment firm purchased $18 million worth of…
[ad_1] While the crypto market appears to be in decline, Bone Shibaswap (BONE), the Shibaswap ecosystem’s governance token, has been on the rise. As of this writing, the price of Bone Shibaswap has ballooned to an impressive 8.3% in the past 24 hours, according to CoinGecko data. However, a broader look at BONE’s market performance indicates an underwhelming run in the past month. The meme token has experienced a 16.8% price drop in the last 30 days. OKX Becomes 13th Biggest BONE Holder Without a doubt, the price rise of Bone Shibaswap is reflective of recent market activity. On-chain data…