Ethereum’s price might be about to take off, according to a recent analysis. A crypto analyst, Burak Kesmeci, noticed a pattern in Ethereum’s funding rates that could signal a big price jump. Funding Rates: A Key Indicator Funding rates are a measure of the balance between traders who are betting on the price going up…
Crypto analyst Benjamin Cowen is predicting a rough ride for Ethereum (ETH) in the coming months. He believes the cryptocurrency could drop significantly before the end of the year, potentially falling below $1,200. A Deeper Correction on the Horizon Cowen, in a recent interview, stated that he expects ETH to dip below $2,000 in the…
Coinbase, the big name in US crypto exchanges, just launched a new token called Coinbase Wrapped Bitcoin (cbBTC). It’s basically a Bitcoin (BTC) token that runs on the Ethereum blockchain. What’s the Big Deal? This means that Bitcoin holders can now use their BTC on Ethereum-based DeFi apps, like Aave, Curve Finance, and Compound Finance….
A popular crypto analyst thinks Bitcoin (BTC) is still in the early stages of a major bull run. Three Key Indicators The analyst, known as TechDev, shared a chart on social media showing three indicators that he believes point to a bullish future for Bitcoin: Liquidity Cycle: TechDev compares Bitcoin’s price to the relationship between…
Matthew Sigel, the head of digital assets research at VanEck, believes that Bitcoin and a handful of other blockchains will dominate the crypto market in the long run. He predicts that most of the value in the crypto world will be concentrated in these few “layer-1” networks. Focus on Decentralized Apps and Infrastructure Sigel says…
A well-known crypto analyst, Benjamin Cowen, believes Ethereum (ETH) is about to outshine Bitcoin (BTC). He thinks Ethereum’s current dip will end by the end of the year, setting the stage for a big comeback. Ethereum’s Pattern Cowen has been studying Ethereum’s price movements and sees a pattern. He says Ethereum usually follows a specific…
The world of cryptocurrencies is often seen as a wild west, with many coins experiencing massive price swings driven by hype and speculation. But one expert believes that XRP, a popular altcoin, is different. XRP: Built for Stability? SMQKE, a well-known crypto enthusiast, argues that XRP’s value is based on its real-world utility, not speculation….
Ethereum, the second-largest cryptocurrency, has been struggling lately. Its price has been stuck below $2,400, and its daily revenue has dropped to levels last seen in May 2020. Why the Revenue Drop? “Revenue” in this case refers to the fees paid to validators who process transactions on the Ethereum network. The drop in revenue is…
Miners Dumping Bitcoin Bitcoin miners have been selling off a lot of their Bitcoin lately, and it’s making people worried about the future of the cryptocurrency. In the last three days, miners have sold off about $1.71 billion worth of Bitcoin. This is a big deal, especially since Bitcoin is struggling to get back above…
Coinbase CEO Brian Armstrong believes crypto is the future of payments, and he’s not just talking about buying and selling Bitcoin. He thinks crypto payments will become as commonplace as sending a text message. Fast, Cheap, and Global Armstrong points to Base, Coinbase’s new platform, which makes transactions on the Ethereum blockchain super fast and…
