Ethereum
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#Ethereum Weekly Update:
We're seeing a solid bounce from a key support zone between $2K and $2.15K, a crucial level that has held since mid-2022. This also aligns with the ascending support line. On the 3-day chart, ETH rebounded from the golden pocket ($2.15K - $2.2K). In the short term, weโre likely to hold this area, but we still need more bullish reversal signals to confirm a larger trend shift.
On the daily chart, we've just confirmed a bullish divergence with one green candle close and a higher low on the RSI. A second green candle could further solidify this momentum.
However, the larger trend remains bearish for now, so watch for consolidation or slight relief over the next few days or weeks.
#Crypto $ETH $DOGS $TON
We're seeing a solid bounce from a key support zone between $2K and $2.15K, a crucial level that has held since mid-2022. This also aligns with the ascending support line. On the 3-day chart, ETH rebounded from the golden pocket ($2.15K - $2.2K). In the short term, weโre likely to hold this area, but we still need more bullish reversal signals to confirm a larger trend shift.
On the daily chart, we've just confirmed a bullish divergence with one green candle close and a higher low on the RSI. A second green candle could further solidify this momentum.
However, the larger trend remains bearish for now, so watch for consolidation or slight relief over the next few days or weeks.
#Crypto $ETH $DOGS $TON
Ethereum (ETH) rise depends on this: It must fall first!
Crypto analysts claimed that Ethereum (ETH) could fall to $ 2,200 and receive a reaction from that point.
Although spot #Ethereum ETFs have attracted the attention of Wall Street, demand for ETH has not increased. The world's largest altcoin has not yet fully gained strength.
#ETH fell by 6.62 percent last week. Crypto analysts believe that these declines could awaken the bulls. According to analyst Carl Runefelt's daily analysis, ETH has formed a falling wedge formation, meaning a "post-apocalyptic revival."
Analysts believe that if the ETH price receives support from $ 2,200, it could increase by 80.47 percent. According to the analysis in question, ETH could rise to $ 4,000.
IntoTheBlockโs Inflow and Outflow Around Price (IOMAP) tool, which identifies important support and resistance levels, revealed that the $2,200 area is a critical area for buyers.
IOMAP reported that more than 1.59 million ETH was purchased at $2,218. The analysis showed that the level in question will be strongly defended.
The cryptocurrency market experienced a recovery rally accompanied by data from the US. Bitcoin gained nearly 2 percent. $ETH , the pioneer of altcoins, returned to $2,400.
Crypto analysts claimed that Ethereum (ETH) could fall to $ 2,200 and receive a reaction from that point.
Although spot #Ethereum ETFs have attracted the attention of Wall Street, demand for ETH has not increased. The world's largest altcoin has not yet fully gained strength.
#ETH fell by 6.62 percent last week. Crypto analysts believe that these declines could awaken the bulls. According to analyst Carl Runefelt's daily analysis, ETH has formed a falling wedge formation, meaning a "post-apocalyptic revival."
Analysts believe that if the ETH price receives support from $ 2,200, it could increase by 80.47 percent. According to the analysis in question, ETH could rise to $ 4,000.
IntoTheBlockโs Inflow and Outflow Around Price (IOMAP) tool, which identifies important support and resistance levels, revealed that the $2,200 area is a critical area for buyers.
IOMAP reported that more than 1.59 million ETH was purchased at $2,218. The analysis showed that the level in question will be strongly defended.
The cryptocurrency market experienced a recovery rally accompanied by data from the US. Bitcoin gained nearly 2 percent. $ETH , the pioneer of altcoins, returned to $2,400.
Will Ethereum (ETH) break record highs in 2024?
Crypto analysts have been discussing whether ETH, which has attracted Wall Streetโs attention with its spot Ethereum ETFs, will rise.
Analysts are divided on whether the ETH price will reach an all-time high (ATH) by the end of 2024. While many analysts do not expect ETH to rise due to โweakness,โ there are also a large number of analysts who think the price will rise soon.
Although there is disagreement on #ETH price expectations, experts agree that Ethereum is lacking in social and technical terms.
Nick Forster, founder of crypto derivatives platform Derive and former Wall Street investor, told Cointelegraph: โRight now, Ethereum is struggling with a lack of a compelling narrative to drive its price, especially compared to other assets.โ
Forster noted that spot Ethereum ETFs have attracted Wall Street attention, but that interest has put ETH in competition with more lucrative tech stocks.
ETH has only gained 1% since January 1, according to CoinGecko data. ETH, which is trading at $2,400, has underperformed U.S.-listed tech stocks.
Nvidia (NVDA) has gained 122.57% since the beginning of the year, while Meta (META) has gained 49.26%.
Analysts claiming that spot #Ethereum ETFs traded in the US are weak in competition, think that it is difficult for #ETH to exceed the ATH level of $ 4,878.
Arguing that the US elections are the โmost important eventโ in #Ethereum history, Forster said: โThere is an additional volatility increase with a potential movement of 10-15 percent on that day regarding the elections.โ
Forster stated that the impact of the US elections will be greater than spot Ethereum ETFs.
Crypto analyst Titan of Crypto also stated that $ETH is preparing to rise.
Crypto analysts have been discussing whether ETH, which has attracted Wall Streetโs attention with its spot Ethereum ETFs, will rise.
Analysts are divided on whether the ETH price will reach an all-time high (ATH) by the end of 2024. While many analysts do not expect ETH to rise due to โweakness,โ there are also a large number of analysts who think the price will rise soon.
Although there is disagreement on #ETH price expectations, experts agree that Ethereum is lacking in social and technical terms.
Nick Forster, founder of crypto derivatives platform Derive and former Wall Street investor, told Cointelegraph: โRight now, Ethereum is struggling with a lack of a compelling narrative to drive its price, especially compared to other assets.โ
Forster noted that spot Ethereum ETFs have attracted Wall Street attention, but that interest has put ETH in competition with more lucrative tech stocks.
ETH has only gained 1% since January 1, according to CoinGecko data. ETH, which is trading at $2,400, has underperformed U.S.-listed tech stocks.
Nvidia (NVDA) has gained 122.57% since the beginning of the year, while Meta (META) has gained 49.26%.
Analysts claiming that spot #Ethereum ETFs traded in the US are weak in competition, think that it is difficult for #ETH to exceed the ATH level of $ 4,878.
Arguing that the US elections are the โmost important eventโ in #Ethereum history, Forster said: โThere is an additional volatility increase with a potential movement of 10-15 percent on that day regarding the elections.โ
Forster stated that the impact of the US elections will be greater than spot Ethereum ETFs.
Crypto analyst Titan of Crypto also stated that $ETH is preparing to rise.
Is Vitalik Buterin Headed for Trouble? Hereโs the Truth Behind His Recent ETH Sales
Vitalik Buterin, Ethereumโs co-founder, has been under fire recently as rumors and FUD swirl around his massive ETH sales. But is he really a scammer as some claim, or is there more to the story?
1/ Who is Vitalik?
Vitalik Buterin is a coder who co-founded Ethereum, learning about Bitcoin from his father at 17. Heโs been a pivotal figure in the crypto space ever since.
2/ Early Crypto Days (2011)
Buterin got involved early, co-founding Bitcoin Magazine, a major publication that shaped crypto discussions and awareness.
3/ The Birth of Ether (2013)
Seeing Bitcoinโs limitations, Buterin proposed Ethereum, a new blockchain designed to support smart contracts and dApps.
4/ The Ethereum ICO (2014)
Ethereumโs ICO was launched in 2014, selling 60M ETH at around $0.30 per ETH, raising $18Mโone of the biggest at the time.
5/ Ethereum Goes Live (2015)
Ethereumโs first version, "Frontier," launched in 2015, opening the doors for developers to experiment with smart contracts.
Vitalikโs Wealth and Recent FUD
Vitalikโs net worth is estimated between $530M and $600M, largely from his early involvement with Ethereum. Recent controversy sparked when he sold $2M worth of ETH, leading some to label him a scammer.
The Real Story
Buterin clarified that his ETH sales were not for personal gain but to fund projects he believes in, including Ethereum initiatives and charitable causes. He vowed not to invest in other projects to avoid conflicts of interest.
Final Thoughts
The backlash against Vitalik is overblownโheโs selling small amounts to fund meaningful work, not cashing out for personal profit. Donโt let media noise distract you; always do your own research and think critically.
#ETH #Ethereum #VitalikButerin #USNonFarmPayrollReport #DOGSONBINANCE
Vitalik Buterin, Ethereumโs co-founder, has been under fire recently as rumors and FUD swirl around his massive ETH sales. But is he really a scammer as some claim, or is there more to the story?
1/ Who is Vitalik?
Vitalik Buterin is a coder who co-founded Ethereum, learning about Bitcoin from his father at 17. Heโs been a pivotal figure in the crypto space ever since.
2/ Early Crypto Days (2011)
Buterin got involved early, co-founding Bitcoin Magazine, a major publication that shaped crypto discussions and awareness.
3/ The Birth of Ether (2013)
Seeing Bitcoinโs limitations, Buterin proposed Ethereum, a new blockchain designed to support smart contracts and dApps.
4/ The Ethereum ICO (2014)
Ethereumโs ICO was launched in 2014, selling 60M ETH at around $0.30 per ETH, raising $18Mโone of the biggest at the time.
5/ Ethereum Goes Live (2015)
Ethereumโs first version, "Frontier," launched in 2015, opening the doors for developers to experiment with smart contracts.
Vitalikโs Wealth and Recent FUD
Vitalikโs net worth is estimated between $530M and $600M, largely from his early involvement with Ethereum. Recent controversy sparked when he sold $2M worth of ETH, leading some to label him a scammer.
The Real Story
Buterin clarified that his ETH sales were not for personal gain but to fund projects he believes in, including Ethereum initiatives and charitable causes. He vowed not to invest in other projects to avoid conflicts of interest.
Final Thoughts
The backlash against Vitalik is overblownโheโs selling small amounts to fund meaningful work, not cashing out for personal profit. Donโt let media noise distract you; always do your own research and think critically.
#ETH #Ethereum #VitalikButerin #USNonFarmPayrollReport #DOGSONBINANCE
#Ethereum holding strong at $2.2k-$2.3k support! ๐
bounce signals potential for a bullish move, with a target toward $4k ๐๐.
If momentum builds, $ETH could be in for a breakout! ๐
#USNonFarmPayrollReport #BinanceBlockchainWeek #BNBChainMemecoins #CryptoMarketMoves
bounce signals potential for a bullish move, with a target toward $4k ๐๐.
If momentum builds, $ETH could be in for a breakout! ๐
#USNonFarmPayrollReport #BinanceBlockchainWeek #BNBChainMemecoins #CryptoMarketMoves
VanEck Shuts Down Ethereum Futures ETF! ๐จ
๐จย Big News in the Crypto World!ย ๐จ
VanEck has announced the closure and liquidation of its Ethereum Futures ETF (EFUT). This decision comes after a thorough performance and market analysis. The final trading day is set for September 16, 2024, on the Chicago Board Options Exchange (CBOE).
๐กย Key Points:
Reason for Closure:ย Declining market interest and poor performance have led to this decision.Investor Impact:ย Shareholders must sell their shares by September 16. After this date, the ETF will be delisted, and liquidation proceeds will be distributed.Future Plans:ย VanEck is exploring new opportunities, including potential Solana ETFs.
๐ฅย Join the Conversation!ย What are your thoughts on VanEckโs decision to shut down its Ethereum Futures ETF? Share your opinions in the comments below and follow us for more updates!
#VanEck #Ethereum #CryptoNews #ETFs #Blockchain
๐จย Big News in the Crypto World!ย ๐จ
VanEck has announced the closure and liquidation of its Ethereum Futures ETF (EFUT). This decision comes after a thorough performance and market analysis. The final trading day is set for September 16, 2024, on the Chicago Board Options Exchange (CBOE).
๐กย Key Points:
Reason for Closure:ย Declining market interest and poor performance have led to this decision.Investor Impact:ย Shareholders must sell their shares by September 16. After this date, the ETF will be delisted, and liquidation proceeds will be distributed.Future Plans:ย VanEck is exploring new opportunities, including potential Solana ETFs.
๐ฅย Join the Conversation!ย What are your thoughts on VanEckโs decision to shut down its Ethereum Futures ETF? Share your opinions in the comments below and follow us for more updates!
#VanEck #Ethereum #CryptoNews #ETFs #Blockchain
๐ Ethereum Hits New Heights! ๐
$ETH
As of September 8, 2024, 04:56 AM (UTC), Ethereum (ETH) has soared past the 2,300 USDT milestone! Currently trading at 2,303 USDT, this impressive climb represents a 2.55% surge in just 24 hours. ๐
Stay tuned to Binance for the latest updates and market insights!
#Ethereum #ETH #Binance #CryptoNews #MarketUpdate
$ETH
As of September 8, 2024, 04:56 AM (UTC), Ethereum (ETH) has soared past the 2,300 USDT milestone! Currently trading at 2,303 USDT, this impressive climb represents a 2.55% surge in just 24 hours. ๐
Stay tuned to Binance for the latest updates and market insights!
#Ethereum #ETH #Binance #CryptoNews #MarketUpdate
๐ Ethereum Whales Increase Holdings Despite Market Fluctuations
While Ethereum experienced significant volatility in 2024, theย futureย price movements remain a topic of interest. Analysts speculate that Ethereum, which recently retreated from the $4,000 mark, could potentially drop to $2,000. Amidst this, largeย investorsย are increasing their ETH holdings, possibly indicating a bullish outlook.
๐ธ Ethereum Whales Take Action
Despite significant drops inย cryptocurrencyย prices, whales continue to make purchases. The ongoing acquisitions by Ethereum whales, known for their market dominance, suggest they maintain faith in a market rise.
Recently, a whale withdrew 10,000 Ethereum from the Gemini exchange and transferred it to an unknown wallet. Despite this move, the market continued to decline.
๐ธ Analystsโ Views on #Ethereum
Amid market fluctuations, analysts have mixed feelings. Some predict a rise to $10,000 or more, while others foresee a drop to $2,000.
Firstly, looking at Anatarโs Ethereum commentary, he suggested an inevitable price drop: Fear it, run from it, destiny still arrives.
๐ฌ I donโt care if it consolidates for another month. Iโm sure Ethereum is gearing up for five-digit figures.
His shared graph shows projections reaching up to $14,000.
Meanwhile, all eyes were on Ethereumโs price. At the time of writing, the price continued to fall. After a 7.75% drop in the last 24 hours, ETH was trading around $2,186. Following the decline, the market cap further decreased to $263 billion.
While Ethereum experienced significant volatility in 2024, theย futureย price movements remain a topic of interest. Analysts speculate that Ethereum, which recently retreated from the $4,000 mark, could potentially drop to $2,000. Amidst this, largeย investorsย are increasing their ETH holdings, possibly indicating a bullish outlook.
๐ธ Ethereum Whales Take Action
Despite significant drops inย cryptocurrencyย prices, whales continue to make purchases. The ongoing acquisitions by Ethereum whales, known for their market dominance, suggest they maintain faith in a market rise.
Recently, a whale withdrew 10,000 Ethereum from the Gemini exchange and transferred it to an unknown wallet. Despite this move, the market continued to decline.
๐ธ Analystsโ Views on #Ethereum
Amid market fluctuations, analysts have mixed feelings. Some predict a rise to $10,000 or more, while others foresee a drop to $2,000.
Firstly, looking at Anatarโs Ethereum commentary, he suggested an inevitable price drop: Fear it, run from it, destiny still arrives.
๐ฌ I donโt care if it consolidates for another month. Iโm sure Ethereum is gearing up for five-digit figures.
His shared graph shows projections reaching up to $14,000.
Meanwhile, all eyes were on Ethereumโs price. At the time of writing, the price continued to fall. After a 7.75% drop in the last 24 hours, ETH was trading around $2,186. Following the decline, the market cap further decreased to $263 billion.
Vitalik Buterin will be next to go to jail?
Ethereum co-founder is selling millions worth of ETH.
Many Web3 users call him a Scammer, but in reality...
Let Me Explain...
Vitalik Buterin has been called SCAMMER last days...
This FUD is caused by his huge $ETH sales.
But what's true, and did Vitalik really sell $1B worth of ETH?
1/โฑ Who is Vitalik?
He is a coder and co-founder of Ethereum.
He learned about BTC from his father at 17, which flipped his life around.
2/โฑ First crypto interaction (2011)
He became involved with crypto early on its start, co-founding Bitcoin Magazine.
Bitcoin Magazine has been influential in the crypto space, providing insights and fostering discussions about the future of digital currencies.
3/โฑ Idea of Ether (2013)
Buterin realized that the Bitcoin blockchain had limited functionality for building dApps.
This year, he proposed Ethereum, a blockchain with a built-in Solidity language that would allow devs to create smart contracts.
4/โฑ Ether ICO (2014)
The Ethereum ICO started on July 20.
The initial price of ETH was set at approximately $0.3 per ETH.
During ICO, 60M $ETH were sold to early investors, totaling ~66.5% of the supply.
The ICO raised ~$18M making it one of the largest of its time.
5/โฑ Ethereum launch (2015)
Ethereum officially launched its first version, "Frontier," on July 30.
This minimal release was aimed at developers for testing and building.
It provided foundational infrastructure for ETH network and enabled experimentation with smart contracts.
His Wealth
Vitalik Buterin became wealthy from his early role in creating Ethereum, earning a lot of $ETH at the start.
As the value of $ETH increased, his wealth grew a lot over time.
Right now his net worth is valued from $530M to $600M.
Recent FUD
FUD around Vitalik started from his $2M worth of $ETH sale.
Some accused him of negatively impacting $ETH price by selling large amounts of it.
One particular complaint was that Buterin avoided discussing these sales with the community.
He recently responded, explaining that these sales have been solely for funding projects he believes are valuable.
He clarified that these sales were not for personal gain but to support initiatives he finds important.
Also, he stated he will no longer invest in other projects, including Layer 2 tokens, to avoid conflicts of interest.
All funds from ETH sales will continue funding public goods like Ethereum projects and charitable causes, ensuring no personal profit.
FUDing the dev of a token with $270B MC for selling $2M worth of it, is just absurd.
Nowadays, the media is trying to cancel the most influential people in crypto, like Durov, CZ, and now Vitalik.
All I can say is filter out what info you receive and think with your own head.
#ETH #Cryptohustle #VitalikButerin #dyor #Ethereum
Many Web3 users call him a Scammer, but in reality...
Let Me Explain...
Vitalik Buterin has been called SCAMMER last days...
This FUD is caused by his huge $ETH sales.
But what's true, and did Vitalik really sell $1B worth of ETH?
1/โฑ Who is Vitalik?
He is a coder and co-founder of Ethereum.
He learned about BTC from his father at 17, which flipped his life around.
2/โฑ First crypto interaction (2011)
He became involved with crypto early on its start, co-founding Bitcoin Magazine.
Bitcoin Magazine has been influential in the crypto space, providing insights and fostering discussions about the future of digital currencies.
3/โฑ Idea of Ether (2013)
Buterin realized that the Bitcoin blockchain had limited functionality for building dApps.
This year, he proposed Ethereum, a blockchain with a built-in Solidity language that would allow devs to create smart contracts.
4/โฑ Ether ICO (2014)
The Ethereum ICO started on July 20.
The initial price of ETH was set at approximately $0.3 per ETH.
During ICO, 60M $ETH were sold to early investors, totaling ~66.5% of the supply.
The ICO raised ~$18M making it one of the largest of its time.
5/โฑ Ethereum launch (2015)
Ethereum officially launched its first version, "Frontier," on July 30.
This minimal release was aimed at developers for testing and building.
It provided foundational infrastructure for ETH network and enabled experimentation with smart contracts.
His Wealth
Vitalik Buterin became wealthy from his early role in creating Ethereum, earning a lot of $ETH at the start.
As the value of $ETH increased, his wealth grew a lot over time.
Right now his net worth is valued from $530M to $600M.
Recent FUD
FUD around Vitalik started from his $2M worth of $ETH sale.
Some accused him of negatively impacting $ETH price by selling large amounts of it.
One particular complaint was that Buterin avoided discussing these sales with the community.
He recently responded, explaining that these sales have been solely for funding projects he believes are valuable.
He clarified that these sales were not for personal gain but to support initiatives he finds important.
Also, he stated he will no longer invest in other projects, including Layer 2 tokens, to avoid conflicts of interest.
All funds from ETH sales will continue funding public goods like Ethereum projects and charitable causes, ensuring no personal profit.
FUDing the dev of a token with $270B MC for selling $2M worth of it, is just absurd.
Nowadays, the media is trying to cancel the most influential people in crypto, like Durov, CZ, and now Vitalik.
All I can say is filter out what info you receive and think with your own head.
#ETH #Cryptohustle #VitalikButerin #dyor #Ethereum
Is it over??? ..... I mean the slaughter
NO Imean a big no. The downfall is just continuing and we are just struck in a temporary relief.
It looks like the slaughter will continue and BTC will continue downtrack. Altcoins will multiply the shocks and then after shocks.๐ฉ
Like all others I am also struggling to survive in the jolts. My personal assessment is that by end of this year BTC may fall below 45k. ( in worse conditions 38k). a platue will then reach to provide the platform to again rise to 150K.๐
dyor
#BTCโ
#Ethereum
#CryptoMarketMoves
#bnb
NO Imean a big no. The downfall is just continuing and we are just struck in a temporary relief.
It looks like the slaughter will continue and BTC will continue downtrack. Altcoins will multiply the shocks and then after shocks.๐ฉ
Like all others I am also struggling to survive in the jolts. My personal assessment is that by end of this year BTC may fall below 45k. ( in worse conditions 38k). a platue will then reach to provide the platform to again rise to 150K.๐
dyor
#BTCโ
#Ethereum
#CryptoMarketMoves
#bnb
This $0.03 Ethereum Rival Is Expected to Break Into the Top 10 Coins by 2025 #Ethereum
A rising star in the crypto world is turning heads with its rapid growth. Currently priced at just $0.03, this Ethereum challenger is anticipated to secure a spot among the top 10 cryptocurrencies by 2025. Readers will discover which digital coin is gearing up for a significant leap forward in the competitive market.
CYBRO Presale Achieves $1.8 Million Milestone: A One-in-a-Million Investment Opportunity
CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges aboveย $1.8 million. This cutting-edge platform offers investors unparalleled opportunitiesย to maximize their earningsย in any market condition.
Experts predict a potentialย ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched aย referral program, offering 12% from direct refereesโ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.
In addition to tokens, CYBRO introduces exclusive Points, providing even greater benefits for investors. These Points grant automatic entry into the CYBRO Airdrop, where the number of tokens you receive is proportional to the Points you hold. Up to 1 million Points are distributed weekly, earned by investing in CYBROโs DeFi Vaults.
Holders of CYBRO tokens will enjoy lucrativeย staking rewards,ย exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 80 million already sold, this is aย golden opportunityย for savvy investors to secure a stake in a project thatโs truly one in a million
A rising star in the crypto world is turning heads with its rapid growth. Currently priced at just $0.03, this Ethereum challenger is anticipated to secure a spot among the top 10 cryptocurrencies by 2025. Readers will discover which digital coin is gearing up for a significant leap forward in the competitive market.
CYBRO Presale Achieves $1.8 Million Milestone: A One-in-a-Million Investment Opportunity
CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges aboveย $1.8 million. This cutting-edge platform offers investors unparalleled opportunitiesย to maximize their earningsย in any market condition.
Experts predict a potentialย ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched aย referral program, offering 12% from direct refereesโ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.
In addition to tokens, CYBRO introduces exclusive Points, providing even greater benefits for investors. These Points grant automatic entry into the CYBRO Airdrop, where the number of tokens you receive is proportional to the Points you hold. Up to 1 million Points are distributed weekly, earned by investing in CYBROโs DeFi Vaults.
Holders of CYBRO tokens will enjoy lucrativeย staking rewards,ย exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 80 million already sold, this is aย golden opportunityย for savvy investors to secure a stake in a project thatโs truly one in a million
Top 3 Promising Layer-2 Projects for Ethereum Scaling
#Starknet #Polygon #Base #Ethereum #Layer2
Layer-2 solutions are vital for improving Ethereumโs scalability, reducing transaction fees, and enhancing user experience. These technologies help handle increasing demand while maintaining Ethereumโs security. Below are three of the most promising Layer-2 projects, each with unique technologies and robust backing from investors.
1. Starknet
Starknet $STRK is a leading Layer-2 scaling solution that leverages zk-rollups to process transactions off-chain, enhancing scalability while maintaining privacy and security. Zero-knowledge proofs allow transactions to be verified without exposing the underlying data, making Starknet ideal for privacy-focused applications, such as decentralized finance (DeFi) and complex smart contracts.
Technology: zk-rollups (zero-knowledge rollups)Functionality: Starknet processes transactions off-chain and verifies them on Ethereum without revealing sensitive data, ensuring privacy and scalability.Investors: Starknet is backed by major investors, including Paradigm and Sequoia Capital, positioning it as a key player in Ethereum scalingย .
2. Polygon (zkEVM)
Polygon $MATIC is already a major name in Layer-2 solutions, offering a robust platform for DeFi and NFTs. Its latest development, zkEVM (Zero-Knowledge Ethereum Virtual Machine), brings zk-rollups fully compatible with Ethereumโs smart contracts. This ensures faster and more affordable transactions, making it popular for developers and users alike.
Technology: zkEVM (zero-knowledge rollups)Functionality: zkEVM allows Ethereumโs smart contracts to operate with the speed and cost-efficiency of zk-rollups, offering a high throughput (up to 65,000 transactions per second) while reducing gas fees significantly.Investors: Backed by investors such as Mark Cuban and Binance Labs, Polygon is widely integrated into major DeFi protocols like Aave and NFT platforms like OpenSeaย .Base
Base is Coinbaseโs Layer-2 solution built on Optimistic Rollups. It enhances Ethereumโs scalability by improving transaction speeds and reducing gas fees by up to 95%. Base focuses on being developer-friendly, integrating seamlessly into Coinbaseโs ecosystem, and aims to onboard the next billion users into Web3.
Technology: Optimistic Rollups
Functionality: Base allows developers to build scalable dApps with faster and cheaper transactions while maintaining Ethereumโs security. It offers gasless transactions and is ideal for DeFi and NFT applications.
Investors: Backed by Coinbase, Base benefits from strong security infrastructure and access to Coinbaseโs vast user base, making it a compelling Layer-2 projectย .
These Layer-2 solutions are shaping Ethereumโs future by addressing key challenges in scalability, security, and user experience. With strong technology and robust backing, Starknet, Polygon zkEVM, and Base are among the most promising projects in the crypto space today.
Layer-2 solutions are vital for improving Ethereumโs scalability, reducing transaction fees, and enhancing user experience. These technologies help handle increasing demand while maintaining Ethereumโs security. Below are three of the most promising Layer-2 projects, each with unique technologies and robust backing from investors.
1. Starknet
Starknet $STRK is a leading Layer-2 scaling solution that leverages zk-rollups to process transactions off-chain, enhancing scalability while maintaining privacy and security. Zero-knowledge proofs allow transactions to be verified without exposing the underlying data, making Starknet ideal for privacy-focused applications, such as decentralized finance (DeFi) and complex smart contracts.
Technology: zk-rollups (zero-knowledge rollups)Functionality: Starknet processes transactions off-chain and verifies them on Ethereum without revealing sensitive data, ensuring privacy and scalability.Investors: Starknet is backed by major investors, including Paradigm and Sequoia Capital, positioning it as a key player in Ethereum scalingย .
2. Polygon (zkEVM)
Polygon $MATIC is already a major name in Layer-2 solutions, offering a robust platform for DeFi and NFTs. Its latest development, zkEVM (Zero-Knowledge Ethereum Virtual Machine), brings zk-rollups fully compatible with Ethereumโs smart contracts. This ensures faster and more affordable transactions, making it popular for developers and users alike.
Technology: zkEVM (zero-knowledge rollups)Functionality: zkEVM allows Ethereumโs smart contracts to operate with the speed and cost-efficiency of zk-rollups, offering a high throughput (up to 65,000 transactions per second) while reducing gas fees significantly.Investors: Backed by investors such as Mark Cuban and Binance Labs, Polygon is widely integrated into major DeFi protocols like Aave and NFT platforms like OpenSeaย .Base
Base is Coinbaseโs Layer-2 solution built on Optimistic Rollups. It enhances Ethereumโs scalability by improving transaction speeds and reducing gas fees by up to 95%. Base focuses on being developer-friendly, integrating seamlessly into Coinbaseโs ecosystem, and aims to onboard the next billion users into Web3.
Technology: Optimistic Rollups
Functionality: Base allows developers to build scalable dApps with faster and cheaper transactions while maintaining Ethereumโs security. It offers gasless transactions and is ideal for DeFi and NFT applications.
Investors: Backed by Coinbase, Base benefits from strong security infrastructure and access to Coinbaseโs vast user base, making it a compelling Layer-2 projectย .
These Layer-2 solutions are shaping Ethereumโs future by addressing key challenges in scalability, security, and user experience. With strong technology and robust backing, Starknet, Polygon zkEVM, and Base are among the most promising projects in the crypto space today.
Ethereum is in danger: VanEck warns of report.
In its Crypto Monthly Roundup for August 2024, asset manager VanEck highlighted the critical factors for Ethereum.
The report divided the issues affecting the network into three main categories: an overall decline in network revenues, policy preferences, and value extraction from layer-2 solutions and service providers. According to VanEck, consumer migration to higher-throughput layer-1 blockchains like #Solana is partly responsible for the network revenue decline.
The report noted that Ethereum has an advantage in smart contracts and was the first network to benefit from speculation in digital assets. However, increasing competition from Solana (SOL), #Sui ($SUI ), and #Aptos๏ปฟ ($APT ), which can process thousands of transactions per second, is pushing this speculative network away. Itโs not just these three, but many other layer-1 projects have been giving ETH a hard time lately.
According to VanEck, Ethereum layer-1 revenues were exploited by competing layer-2 networks. This competition put the network in two different difficult situations. Second and third-generation layer-1 blockchains took market share from outside while squeezing revenue from inside the network.
As a result, Ethereum network fees have decreased by 99 percent since the introduction of the Dencun upgrade in March 2024. The Dencun upgrade, which significantly reduced fees for layer-2 networks, led to the rapid proliferation of #Ethereum layer-2 networks.
The sharp increase in scalable networks for $ETH caught the attention of Anoma co-founder Adrian Brink, who said he believes there is a layer-2 solution. According to Brink, the number of scaling solutions required to manage traffic in the industry is approximately 10 times greater. Brinkโs future statements are eagerly awaited.
In its Crypto Monthly Roundup for August 2024, asset manager VanEck highlighted the critical factors for Ethereum.
The report divided the issues affecting the network into three main categories: an overall decline in network revenues, policy preferences, and value extraction from layer-2 solutions and service providers. According to VanEck, consumer migration to higher-throughput layer-1 blockchains like #Solana is partly responsible for the network revenue decline.
The report noted that Ethereum has an advantage in smart contracts and was the first network to benefit from speculation in digital assets. However, increasing competition from Solana (SOL), #Sui ($SUI ), and #Aptos๏ปฟ ($APT ), which can process thousands of transactions per second, is pushing this speculative network away. Itโs not just these three, but many other layer-1 projects have been giving ETH a hard time lately.
According to VanEck, Ethereum layer-1 revenues were exploited by competing layer-2 networks. This competition put the network in two different difficult situations. Second and third-generation layer-1 blockchains took market share from outside while squeezing revenue from inside the network.
As a result, Ethereum network fees have decreased by 99 percent since the introduction of the Dencun upgrade in March 2024. The Dencun upgrade, which significantly reduced fees for layer-2 networks, led to the rapid proliferation of #Ethereum layer-2 networks.
The sharp increase in scalable networks for $ETH caught the attention of Anoma co-founder Adrian Brink, who said he believes there is a layer-2 solution. According to Brink, the number of scaling solutions required to manage traffic in the industry is approximately 10 times greater. Brinkโs future statements are eagerly awaited.
๐ VanEck's Ethereum Futures #ETF is closing.
VanEck Announces Ethereum Strategy Futures ETF (EFUT) Will Be Shut Down โ
Based on the analysis of performance, liquidity and investor interest, it was decided that this solution was the best one.
The closure of this fund was also influenced by the opening of a spot ETF on #Ethereum .
VanEck Announces Ethereum Strategy Futures ETF (EFUT) Will Be Shut Down โ
Based on the analysis of performance, liquidity and investor interest, it was decided that this solution was the best one.
The closure of this fund was also influenced by the opening of a spot ETF on #Ethereum .
Ethereum on the Rise! ๐
Check out this $ETH chart on Binance!
Ethereum is currently trading at $2,300.80 and showing some promising signs. The recent uptick in buying volume, highlighted by that significant green bar, suggests that the bulls are stepping in!
The EMA lines are crossing over, hinting at potential bullish momentum. With more buy orders than sell orders on the depth chart, this could be an interesting point for traders to pay attention to.
Is this the start of a new rally?
Only time will tell, but itโs definitely a moment to watch! ๐
#Ethereum #Binance #Trading #TON #DOGSONBINANCE
Check out this $ETH chart on Binance!
Ethereum is currently trading at $2,300.80 and showing some promising signs. The recent uptick in buying volume, highlighted by that significant green bar, suggests that the bulls are stepping in!
The EMA lines are crossing over, hinting at potential bullish momentum. With more buy orders than sell orders on the depth chart, this could be an interesting point for traders to pay attention to.
Is this the start of a new rally?
Only time will tell, but itโs definitely a moment to watch! ๐
#Ethereum #Binance #Trading #TON #DOGSONBINANCE
WazirX, one of India's largest crypto exchanges, has been hit by a massive hack, with losses totaling a staggering 235 million dollars. Hackers successfully breached Minister Xโs multi-signature wallet, stealing valuable digital assets. The stolen cryptocurrencies include popular tokens like Shiba Inu (SHIB), Pepe (PEPE), Ethereum (ETH), and Polygon (MATIC).
Stay vigilant and always prioritize security. This event is a stark reminder of how critical it is to safeguard your digital assets.
#ShibaInu #Ethereum #Polygon #Pepe #Binance
$SHIB
$MATIC
Stay vigilant and always prioritize security. This event is a stark reminder of how critical it is to safeguard your digital assets.
#ShibaInu #Ethereum #Polygon #Pepe #Binance
$SHIB
$MATIC
Is Ethereum Price Poised for a Reversal After Recent Declines?
The Ethereum price 4-hour chart shows the leading altcoin is experiencing downward momentum, reflected by its recent closing prices. After a series of consecutive declines, ETH finds itself facing mounting bearish pressure, with its latest close at $2,261.4. While the broader market appears sluggish, key technical indicators suggest possible movements that traders should monitor closely, particularly in relation to the $2,455.4 and $2,527.6 resistance levels.
Exponential Moving Averages (EMAs) paint a clear picture of short-term and medium-term sentiment. The 9 EMA, which tracks short-term trends, is currently lower than the 20 EMA, suggesting a continuation of bearish momentum. These averages indicate that the Ethereum price may struggle to rally unless thereโs a sudden shift in buying activity, pushing the crypto past $2,455.4. For bullish traders, this could signal a potential entry point if the Ethereum price manages to close above this key resistance.
Moving on to the MACD (Moving Average Convergence Divergence), this indicator highlights the growing bearish sentiment, with the MACD line consistently below the signal line. The MACD histogram reflects increasing negative momentum, although recent data suggest a slight easing in the intensity of selling pressure. This could imply a brief consolidation phase before another potential move downward.
Resistance levels around $2,455.4, $2,526.0, and $2,527.6 are pivotal in determining whether the #Ethereum price can stage a recovery in the coming sessions. A break above these points could fuel a bullish reversal, with traders looking to enter long positions as momentum shifts. Conversely, failure to breach these levels would likely see the Ethereum price consolidate or trend lower, providing opportunities for short sellers to capitalize on downward moves. $ETH #ETH The full analysis and trade strategy were posted on www.ecoinimist.com.
The Ethereum price 4-hour chart shows the leading altcoin is experiencing downward momentum, reflected by its recent closing prices. After a series of consecutive declines, ETH finds itself facing mounting bearish pressure, with its latest close at $2,261.4. While the broader market appears sluggish, key technical indicators suggest possible movements that traders should monitor closely, particularly in relation to the $2,455.4 and $2,527.6 resistance levels.
Exponential Moving Averages (EMAs) paint a clear picture of short-term and medium-term sentiment. The 9 EMA, which tracks short-term trends, is currently lower than the 20 EMA, suggesting a continuation of bearish momentum. These averages indicate that the Ethereum price may struggle to rally unless thereโs a sudden shift in buying activity, pushing the crypto past $2,455.4. For bullish traders, this could signal a potential entry point if the Ethereum price manages to close above this key resistance.
Moving on to the MACD (Moving Average Convergence Divergence), this indicator highlights the growing bearish sentiment, with the MACD line consistently below the signal line. The MACD histogram reflects increasing negative momentum, although recent data suggest a slight easing in the intensity of selling pressure. This could imply a brief consolidation phase before another potential move downward.
Resistance levels around $2,455.4, $2,526.0, and $2,527.6 are pivotal in determining whether the #Ethereum price can stage a recovery in the coming sessions. A break above these points could fuel a bullish reversal, with traders looking to enter long positions as momentum shifts. Conversely, failure to breach these levels would likely see the Ethereum price consolidate or trend lower, providing opportunities for short sellers to capitalize on downward moves. $ETH #ETH The full analysis and trade strategy were posted on www.ecoinimist.com.
#andrecronje is now building on #SONIC a layer-1 platform with a secure gateway to #Ethereum and provides the fastest settlement layer for digital assets with over 10,000 TPS and has a one-second confirmation time for transactions. The ecosystem will be supported by a massive incentive program.
The native token of the Sonic chain will be S, introducing numerous exciting changes compared to the $FTM
token of our existing Opera chain, such as a massive #airdrop , simplified staking, incentive programs, and more.
The launch of Sonic is scheduled for November/December 2024.
The native token of the Sonic chain will be S, introducing numerous exciting changes compared to the $FTM
token of our existing Opera chain, such as a massive #airdrop , simplified staking, incentive programs, and more.
The launch of Sonic is scheduled for November/December 2024.
