There is a spike in crypto on-chain activity if transaction fees lead. According to IntoTheBlock data on December 8, Bitcoin transaction fees are up by over 60%, while “gas” in Ethereum has climbed by nearly 50% in the past week. Bitcoin And Ethereum Transaction Fees Rise By Double-Digits This surge in activity can be pinned to…
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2 Reasons Why An Ethereum Mega Bull Run Is Inevitable
While the recent Bitcoin and crypto momentum is cooling off, Ethereum (ETH) rejects lower lows, especially against Bitcoin (BTC). Taking to X on December 8, decentralized finance (DeFi) researcher DefiIgnas shared insights that suggest ETH could be on the verge of a rally that would potentially see the second most valuable coin usurp BTC’s current…
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Ethereum Technical Analysis: ETH Bulls Continue to Break Upper Resistance Levels
On Friday, December 8, 2023, ethereum’s trading concluded with a 4% rise, settling at $2,358. This jump was observed within a daily trading range from $2,245 to $2,385. Underlying this upward trajectory was ether’s market cap of $283 billion, accompanied by a strong 24-hour trading volume of $26.75 billion. Oscillators and moving averages present a…
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Ethereum Price Soars To Over $2,300 – Is $3,000 Next?
The market performance of Ethereum has been steadily rising since October, marking a positive and long-lasting trend. Increased buying activity has been the main driver of this positive momentum that has persisted over time, pushing the cryptocurrency beyond the vaunted $2,000 resistance mark and igniting a continuing rally. The value of Ethereum has sharply grown…
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Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange
A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange. Although it is unclear the motive behind this transfer, it appears to…
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Blocknative Releases New Ethereum Mempool Explorer, to Help With MEV Protection
The tool, which was released just a few weeks after Blocknative had to cut back on its MEV-Boost relay services, could ultimately help reduce instances of block-level manipulation and protect users from front-running bots.
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Ethereum Price Prediction as ETH Rises Above $2,300 – Can ETH Reach $3,500 by December 31?
Source: Pexels Ether (ETH), the second most valuable cryptocurrency by market capitalization that powers the smart-contract-enabled Ethereum blockchain, was last up close to 5% on Thursday and just hit fresh highs for the year in the mid-$2,300s. Ethereum remains the dominant blockchain used by Decentralized Finance (DeFi), Non-Fungible Token (NFT) and broader web3 industries, accounting…
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Galaxy-Backed Gyroscope’s ‘All-Weather’ Decentralized Stablecoin Goes Live on Ethereum Mainnet
Gyroscope’s GYD token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs.
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Solana Dominates Ethereum In Daily Active Wallets, SOL Back To $140?
Solana (SOL), the fourth-generation blockchain, has staged a remarkable comeback, looking at on-chain metrics. Citing Artemis data, Step Data Insights on X noted that Solana’s daily active wallets flipped Ethereum’s, the pioneer smart contract platform. This development is when SOL prices have been ripping past resistance levels in the past few months. Solana’s Resurgence Continues,…
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Ethereum’s Decentralization Questioned as Block Builders Censor Transactions Tied to US Sanctions
Censorship is on the rise in Ethereum as key players block transactions tied to US sanctions, undermining its decentralized ethos. Image by Kerem Goktug Kaya, DALL-E 3. A pillar of Ethereum’s original vision was decentralization—the idea that its blockchain would operate outside constraints from centralized entities like governments and corporations. Recent data indicates this ideology…
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