Tag: ethereum
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Ethereum Struggles Against Bitcoin and Solana, Future Uncertain
Ethereum’s Performance Lagging Behind Bitcoin and Solana Ethereum’s performance in the cryptocurrency market has raised eyebrows, as its price remains behind that of Bitcoin and Solana. In December, the Ethereum to Bitcoin price ratio fell below 0.05 BTC, hitting a two-year low. While the ratio had been hovering around 0.072 since the beginning of 2023, […]
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11 Reasons Why Ethereum Will Skyrocket to $10,000: Analyst
The Deflationary Advantage Altcoin Daily highlights Ethereum’s deflationary nature as a key factor in its journey towards $10,000. Token burns, which reduce the amount of tokens in circulation, can have a significant impact on their value. The implementation of Ethereum Improvement Proposal 1559, known as EIP-1559, has contributed to the current deflationary state. Rising transaction […]
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Frame Launches Native Token Airdrop for NFT Traders, Prioritizing Creators
Frame Announces Native Token Airdrop for NFT Traders The crypto community eagerly awaits the return of the bull market, and while they wait, a new wave of “free money” airdrops for crypto users has emerged. Frame, an Ethereum scaling network designed for NFTs, is the latest project to join the trend. In an announcement on […]
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bloXroute Labs’ OFAC Block Decision Sparks Concerns Over Ethereum Censorship
BloXroute’s Decision to Censor OFAC-Sanctioned Transactions In a surprising turn of events, bloXroute Labs, a well-known producer of Ethereum blocks, has announced its intention to censor blocks containing transactions sanctioned by the United States Office of Foreign Asset Control (OFAC). This policy change by bloXroute Labs affects all of its Maximal Extraction Value (MEV) relays, […]
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Crypto Analyst Warns of Potential Epic Crash for Ethereum (ETH)
Veteran Trader Peter Brandt Sounds Alarm Renowned crypto analyst Peter Brandt has issued a cautionary statement regarding Ethereum (ETH), the second-largest digital asset in terms of market capitalization. Brandt, who has a following of over 707,300 on the popular social media platform X, warns that ETH could experience a significant crash, causing its value to […]
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Undervalued Gems: Avalanche and Chainlink, the Crypto Bargains of 2023
Avalanche: A Hidden Gem During the previous crypto bull market, Avalanche reached an impressive peak of $146. Today, it is trading at only $40, marking a substantial 70% plunge from its highest point. This sharp discount appears striking, especially considering that Avalanche is recognized as a formidable competitor to Ethereum. In fact, Avalanche is often […]
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ETH Achieves Milestone as Supply Falls Below Proposed Hard Cap, Confirming Vitalik Buterin’s Vision
Moving Averages and Bullish Trend When examining the chart, one can observe that the price of Ethereum is currently positioned above several moving averages, indicating a potential bullish trend. The 50-day moving average (MA) rests above both the 100-day and 200-day MAs, which is generally interpreted as a positive signal by technical analysts and investors […]
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Arbitrum (ARB) Outage Causes Price Drop as Ethereum Network Faces High Traffic
Sequencer Failure Halts Transaction Processing Arbitrum (ARB), one of the most popular layer-2 scaling solutions for Ethereum (ETH), experienced a significant outage on Friday morning due to a sudden surge in network traffic. The protocol’s sequencer, responsible for ordering user transactions, came to a halt at 7:29 a.m. PST and only resumed operations at 8:57 […]
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Ethereum Price Plummets as Community Adopts ERC-3643 Tokenization Standard
Current Ethereum (ETH) Price and Market Trends As of today, the price of Ethereum is $2,247.86, with a 24-hour trading volume of $14,584,988,655.44. This represents a 1.37% drop in the last 24 hours and a 5.10% drop in the previous 7 days. The global crypto market cap currently stands at $1.67 trillion, which is a […]
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Arbitrum Suffers Major Outage From Surge in Network Traffic
Arbitrum One Sequencer Stalled, Users Impacted The Arbitrum One Sequencer came to a standstill at 10:29 AM ET following an unexpected surge in network traffic. The team is working diligently to resolve the issue and aims to provide a post-mortem analysis promptly. As multiple Twitter users indicated, Arbiscan, a blockchain explorer for Arbitrum, initially attributed […]