Author: Sollcrypto
Ethereum (ETH) maintains its position as the leading cryptocurrency, reaching a 22-month high in trading on Monday. According to CoinGecko, ETH is currently valued at $3,151, surpassing the $3,000 threshold for the first time since April 2022. The cryptocurrency has experienced a 3.5% increase in value since the same time yesterday and has seen an 8% rise over the past week. Dessislava Aubert, an analyst at Kaiko, informed Decrypt that open interest has recently reached a multi-year high of $7.7 billion, and funding rates are at their highest levels since early January. This indicates a surge in new capital entering…
The Dogecoin (DOGE) cryptocurrency is on the brink of launching a significant core upgrade, Dogecoin Core 1.14.7, aimed at enhancing performance and usability. This update incorporates numerous bug fixes and security enhancements. Patrick Lodder, a Dogecoin developer, recently hinted at the imminent release of the final phase of the update on X (formerly Twitter). He stated, “entering the final stage of the Dogecoin Core 1.14.7 release plan,” outlining the remaining steps for the upgrade to be finalized. In a tweet, Inevitable 360, another Dogecoin developer, shared a screenshot of the milestone window for update 1.14.7, indicating a progress of “97%…
Ethereum is surpassing Bitcoin as its price surpasses the $3,000 threshold. ETH is displaying bullish indicators and could potentially breach the $3,200 resistance level. A new upward momentum initiated for Ethereum, surpassing the critical $3,000 resistance zone.The current price is above $3,050 and the 100-hourly Simple Moving Average.On the hourly chart of ETH/USD (data feed via Kraken), a significant bullish trend line is taking shape with support around $3,080.In the short term, there’s potential for the pair to continue its upward trajectory, aiming for levels like $3,200 or even $3,250. Ethereum’s value surpasses that of Bitcoin. The Ethereum price demonstrated…
Solana’s founder, Anatoly Yakovenko, has stirred curiosity in the crypto community with an unexpected tweet related to Satoshi. This tweet from Yakovenko follows the publication of 120 pages of email exchanges between Satoshi Nakamoto and Martti Malmi, a pioneer Bitcoin developer, on February 23. The released emails provided valuable insights into the early stages of Bitcoin development, its vision, and included personal information and opinions of Satoshi. Mert, the CEO of Helius Labs, emphasizes Satoshi’s perspective in an email exchange: “Bandwidth speeds, prices, disk space, and computing power will be much greater by the time it’s needed.” This statement, which…
The renowned trader, operating under the pseudonym The Flow Horse, foresees a notable surge in a specific Ethereum (ETH) scaling altcoin. Addressing his audience of 202,500 followers on the social media platform X, The Flow Horse expresses expectations for movements within the broader Ethereum layer-2 sector. With a focus on a prominent cryptocurrency transitioning to serve as an Ethereum scaling solution, namely the native asset of Celo (CELO), the trader suggests the potential for a substantial breakout. “I anticipate positive momentum within the ETH layer-2 category. A well-established pair, positioned near the musical instrument, is showing signs of breaking out…
While Bitcoin has traditionally been the focal point of the digital asset market, recent market trends indicate a notable shift in attention towards alternative cryptocurrencies, particularly Ethereum and Binance Coin. Despite a 2.8% decline in Bitcoin over the past week, Ethereum and Binance Coin have experienced significant surges. The versatile ecosystem and impressive growth of Ethereum, coupled with Binance Coin achieving a new all-time high, have garnered increased prominence. This shift reflects a broader trend in the cryptocurrency landscape, with investors and traders diversifying their portfolios beyond Bitcoin. Bitcoin’s dominance in the market faces a potential challenge. This week saw…
Last week, Ethereum (ETH) attained its highest weekly closure since April 2022, subsequently surpassing the $3,000 mark this week. Will this surge propel Ethereum to a new all-time high, or will the price struggle to maintain its momentum? Let’s delve into the analysis to find out! Ethereum Breaks Through Long-Term Resistance The technical analysis on the weekly time frame indicates a substantial surge in the ETH price over the past two weeks, forming a notable bullish weekly candlestick. This trend was particularly pronounced in the previous week. Ethereum’s upward momentum resulted in the first weekly close above a longstanding horizontal…
Amidst noteworthy developments in the cryptocurrency realm, optimistic sentiments have surged following remarks from Bitcoin Ordinals developer Leonidas regarding the Runestone Airdrop. Leonidas’ statement quickly captured considerable attention from global crypto enthusiasts, asserting that this marks the largest airdrop in Ordinals’ history. Details of the Runestone Airdrop As per the developer’s announcement on X, the impending Runestone Airdrop is scheduled between this Friday and Wednesday, showcasing a gradual paradigm shift rather than an instantaneous occurrence. Leonidas’ statement has sparked excitement throughout the broader crypto market and its participants. In a recent post shared on X, the developer disclosed that the…
Table of Contents Comprehending Ethereum as a Viable Investment Following the introduction of bitcoin spot ETFs, attention is now focused on the possibility of an Ethereum ETF. If approved, this development would mark a significant milestone for Ethereum, providing investors with a convenient means to incorporate Ethereum into their portfolios without the need to manage crypto wallets – essentially bringing ETH accessibility to a broader audience. However, Ethereum ETFs will differ substantially from bitcoin ETFs. Ethereum introduces rewards through staking yields, akin to dividends in traditional finance, a feature absent in bitcoin. Additionally, ETH serves a practical purpose beyond its…
Once more, Bitcoin’s attempt to surpass the $53,000 resistance proved unsuccessful. Currently, the price has retreated below $52,000, heightening the possibility of a downside breach beneath the $50,500 support level. Bitcoin is encountering challenges in surpassing the $52,000 resistance area.The price is below both $52,000 and the 100-hourly Simple Moving Average.On the hourly chart of the BTC/USD pair (data feed from Kraken), a bearish trend line is emerging with resistance at $51,550.Should the price drop below the $50,500 support, it could trigger a bearish momentum in the pair. Bitcoin’s price experiences another decline. Bitcoin struggled to initiate an upward trend…