EthereumRally
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ETH🔹
Global: We are in an extremely interesting situation - a local pattern superimposed on a global one, namely:
The asset was trading in a triangle (see the yellow line), the upper border of which the ether could not break through.
The asset also formed its local pattern (blue channel) in which the asset moved into an uptrend
And now we are once again approaching the edge of the triangle.
What happens next?
We have faced a similar situation before and in that case, we broke the upper boundary of the triangle and flew upwards
📈📈📈
I think that in this situation, we will repeat the previous scenario and break the upper boundary, but that requires momentum, which the ether does not have right now.
So we'll go a little lower, take the momentum and fly upward
📈📈📈
Locally: we keep the bullish trend, but the global trend presses on the asset, so we will see a small correction and the subsequent rise
Resistances: 2280, 2320, 2350.
Endorsements: 2200, 2139, 2100,
$ETH
#ETH #ETH! #EthereumRally
Global: We are in an extremely interesting situation - a local pattern superimposed on a global one, namely:
The asset was trading in a triangle (see the yellow line), the upper border of which the ether could not break through.
The asset also formed its local pattern (blue channel) in which the asset moved into an uptrend
And now we are once again approaching the edge of the triangle.
What happens next?
We have faced a similar situation before and in that case, we broke the upper boundary of the triangle and flew upwards
📈📈📈
I think that in this situation, we will repeat the previous scenario and break the upper boundary, but that requires momentum, which the ether does not have right now.
So we'll go a little lower, take the momentum and fly upward
📈📈📈
Locally: we keep the bullish trend, but the global trend presses on the asset, so we will see a small correction and the subsequent rise
Resistances: 2280, 2320, 2350.
Endorsements: 2200, 2139, 2100,
$ETH
#ETH #ETH! #EthereumRally
Uma boa hora para investir na moeda Pepe ela tá custando $0.0000094 dólar até o momento #pepe #pepecoin #Binance #Write2Earn #EthereumRally $BTC $ETH $PEPE
#Long-Term.Ethereum.Holders.Reach.Record.70%.in.Dec
1. Long-term Ethereum holders hit a record high of over 70% in December, per IntoTheBlock data.
2. These committed holders refrained from selling, contributing to Ethereum's new benchmark.
3. Ethereum now exceeds Bitcoin in the percentage held by long-term holders, with BTC slightly below the 70% mark.
4. HODLers, key in blockchain health, demonstrate confidence in Ethereum's long-term potential amid market volatility.
5. Despite Ethereum's 85% market cap growth in 2023 and positive developments, it slightly lagged behind other major assets.
6. Glassnode co-founders predict a bullish trajectory for Ethereum in 2024, setting targets at $2,500 to $2,700 due to market enthusiasm.
7. Ethereum's success might hinge on acceptance from traditional finance, given its eco-friendly image, according to Messari.
8. Messari CEO predicts rapid adoption of an Ethereum ETF, akin to Bitcoin's trend.
#ETH! #EthereumRally #Ethereum.to.outperform.Bitcoin
1. Long-term Ethereum holders hit a record high of over 70% in December, per IntoTheBlock data.
2. These committed holders refrained from selling, contributing to Ethereum's new benchmark.
3. Ethereum now exceeds Bitcoin in the percentage held by long-term holders, with BTC slightly below the 70% mark.
4. HODLers, key in blockchain health, demonstrate confidence in Ethereum's long-term potential amid market volatility.
5. Despite Ethereum's 85% market cap growth in 2023 and positive developments, it slightly lagged behind other major assets.
6. Glassnode co-founders predict a bullish trajectory for Ethereum in 2024, setting targets at $2,500 to $2,700 due to market enthusiasm.
7. Ethereum's success might hinge on acceptance from traditional finance, given its eco-friendly image, according to Messari.
8. Messari CEO predicts rapid adoption of an Ethereum ETF, akin to Bitcoin's trend.
#ETH! #EthereumRally #Ethereum.to.outperform.Bitcoin
Partnership LTO with ScanTrust since 2020
ScanTrust is a technology company that provides secure product scanning solutions for brands around the world. The company uses QR codes, which are two-dimensional barcodes, to store information about a product, such as its origin, traceability history and authenticity.
Here are some specific examples of how ScanTrust uses the $LTO network blockchain to anchor its QR Code technology:
*Big brands around the world such as Intel, Unileven, HP and ExxonMobil are Scantrust customers
PROTECTION AGAINST COUNTERFEIT: ScanTrust uses the LTO Network blockchain to record unique information about each product, such as its serial number or identification code. This makes it more difficult for counterfeiters to produce fake products that can pass as authenticated.
TRACEABILITY: ScanTrust uses the LTO Network blockchain to track the history of each product from its origin to its arrival at the consumer. This allows brands to monitor their products throughout the supply chain and quickly identify any issues.
CONSUMER ENGAGEMENT: ScanTrust uses the LTO Network blockchain to provide consumers with product information in a secure and reliable way. This can help brands build stronger relationships with their customers.
As blockchain continues to develop, ScanTrust will continue to innovate and find new ways to use LTO's blockchain technology to meet brands' needs.
Visit the link below and find out more about this partnership and the strategic investment that LTO made in ScanTrust
https://blog.ltonetwork.com/lto-scantrust/
#BitcoinETF💰💰💰 #EthereumRally #ETF #LTO #RWA
ScanTrust is a technology company that provides secure product scanning solutions for brands around the world. The company uses QR codes, which are two-dimensional barcodes, to store information about a product, such as its origin, traceability history and authenticity.
Here are some specific examples of how ScanTrust uses the $LTO network blockchain to anchor its QR Code technology:
*Big brands around the world such as Intel, Unileven, HP and ExxonMobil are Scantrust customers
PROTECTION AGAINST COUNTERFEIT: ScanTrust uses the LTO Network blockchain to record unique information about each product, such as its serial number or identification code. This makes it more difficult for counterfeiters to produce fake products that can pass as authenticated.
TRACEABILITY: ScanTrust uses the LTO Network blockchain to track the history of each product from its origin to its arrival at the consumer. This allows brands to monitor their products throughout the supply chain and quickly identify any issues.
CONSUMER ENGAGEMENT: ScanTrust uses the LTO Network blockchain to provide consumers with product information in a secure and reliable way. This can help brands build stronger relationships with their customers.
As blockchain continues to develop, ScanTrust will continue to innovate and find new ways to use LTO's blockchain technology to meet brands' needs.
Visit the link below and find out more about this partnership and the strategic investment that LTO made in ScanTrust
https://blog.ltonetwork.com/lto-scantrust/
#BitcoinETF💰💰💰 #EthereumRally #ETF #LTO #RWA
#ETH/USDT Free Signal
Position: LONG
Leverage: Cross50X
Entries: 2244 - 2224
Targets: 2264, 2284, 2304, 2324
Stop Loss: 2210
#EthereumRally
Position: LONG
Leverage: Cross50X
Entries: 2244 - 2224
Targets: 2264, 2284, 2304, 2324
Stop Loss: 2210
#EthereumRally
🚀 JPMorgan's Bold Prediction: Ethereum to Outshine Bitcoin in 2024!
JPMorgan analysts foresee a significant shift in the crypto landscape, predicting that Ethereum (ETH) will outperform Bitcoin (BTC) in 2024. Here are the key insights:
🌐 Network Upgrades and Protodanksharding: Ethereum's Winning Formula
JPMorgan dismisses the hype around Bitcoin ETFs and the upcoming halving, emphasizing that Ethereum's potential lies in its Protodanksharding (EIP-4844) upgrade. Expected in April, this marks a crucial step towards the implementation of "danksharding," a scaling technique set to enhance Ethereum's layer 2 networks, offering increased transaction throughput and reduced fees.
🚀 Bolstering Ethereum's Comeback
The bank believes that Protodanksharding will reinvigorate Ethereum after a period of relative underperformance. Despite the revival of DeFi and NFTs on other networks, Ethereum's activity has seen a lull since the Shanghai upgrade in April.
💡 Bitcoin's Challenges: Overbought Levels and Priced-In Halving
JPMorgan challenges the prevailing optimism around Bitcoin, suggesting that the overbought levels reminiscent of 2021 are driven by excessive expectations for SEC approval of spot Bitcoin ETFs.
⛏️ Halving and Production Cost: Already Factored In
Addressing the much-anticipated Bitcoin halving in April, JPMorgan argues that the event's impact is already reflected in the current cost of BTC production for miners. The ratio of the bitcoin price to production cost suggests that the 2024 halving is largely priced in.
📈 Market Trends: BTC vs. ETH
By year-to-date price action, BTC has surged by 158%, outperforming ETH, which is up 90%. However, JPMorgan predicts a shift, asserting that Ethereum's technical upgrades will position it as the frontrunner in 2024.
🚀 Stay Ahead of the Crypto Curve: Follow The Blockopedia for Real-time Updates!
#ethupdates #EthereumRally #crypto #cryptocurrency #crypto2023
JPMorgan analysts foresee a significant shift in the crypto landscape, predicting that Ethereum (ETH) will outperform Bitcoin (BTC) in 2024. Here are the key insights:
🌐 Network Upgrades and Protodanksharding: Ethereum's Winning Formula
JPMorgan dismisses the hype around Bitcoin ETFs and the upcoming halving, emphasizing that Ethereum's potential lies in its Protodanksharding (EIP-4844) upgrade. Expected in April, this marks a crucial step towards the implementation of "danksharding," a scaling technique set to enhance Ethereum's layer 2 networks, offering increased transaction throughput and reduced fees.
🚀 Bolstering Ethereum's Comeback
The bank believes that Protodanksharding will reinvigorate Ethereum after a period of relative underperformance. Despite the revival of DeFi and NFTs on other networks, Ethereum's activity has seen a lull since the Shanghai upgrade in April.
💡 Bitcoin's Challenges: Overbought Levels and Priced-In Halving
JPMorgan challenges the prevailing optimism around Bitcoin, suggesting that the overbought levels reminiscent of 2021 are driven by excessive expectations for SEC approval of spot Bitcoin ETFs.
⛏️ Halving and Production Cost: Already Factored In
Addressing the much-anticipated Bitcoin halving in April, JPMorgan argues that the event's impact is already reflected in the current cost of BTC production for miners. The ratio of the bitcoin price to production cost suggests that the 2024 halving is largely priced in.
📈 Market Trends: BTC vs. ETH
By year-to-date price action, BTC has surged by 158%, outperforming ETH, which is up 90%. However, JPMorgan predicts a shift, asserting that Ethereum's technical upgrades will position it as the frontrunner in 2024.
🚀 Stay Ahead of the Crypto Curve: Follow The Blockopedia for Real-time Updates!
#ethupdates #EthereumRally #crypto #cryptocurrency #crypto2023
🚀 Ethereum (ETH) Rockets 9% Above $2,400, Hinting at the Start of a 2024 Bull Run?
As we step into 2024, Ethereum (ETH) is defying previous projections with an impressive 9% surge in the last 24 hours, currently trading at $2,424 with a robust market cap of $291 billion. Is this the beginning of the anticipated 2024 bull run? Here's the latest scoop:
📈 Ethereum Gears Up for 2024 Price Rally: Closing the Gap with Bitcoin
Analysts foresee Ethereum making significant strides in 2024, aiming to narrow the gap with Bitcoin's market dominance. In a surprising move, Ethereum broke through the $2,400 mark, marking a new yearly high and reigniting discussions about its potential in the coming year.
📊 Market Dynamics and Options Activity: A Bullish Surge
The recent rally in Ethereum has triggered a surge in major term implied volatilities (IVs), reaching yearly highs. The 30-day volatility (DVOL) has skyrocketed to 70%, a peak not seen since April, according to reports from Greeks.
🤔 Institutional Caution Amidst the Surge: FOMO Yet to Hit
Despite this bullish momentum, options data from Skew suggests that institutional traders are yet to join the rally, maintaining a cautious stance without fully embracing the upward trend.
💡 Ethereum's Favorable Position for Q1 2024: A Shift in Market Dynamics
Analysts, including Michael van de Poppe, highlight a historical pattern indicating a peak in Bitcoin dominance before an upcoming halving, often signaling the start of a bull market for altcoins. Ethereum, with its robust ecosystem, is expected to play a prominent role in this phase.
🌐 Ethereum Ecosystem Heating Up: Optimism and Arbitrum Taking the Lead
Beyond ETH's individual surge, the entire Ethereum ecosystem is buzzing with activity. Solutions like Arbitrum and Optimism are at the forefront, demonstrating the broader strength of the Ethereum network.
📈 Stay Tuned for the Crypto Rollercoaster: Follow The Blockopedia for Real-time Updates! 🚀
#EthereumRally #ethupdates #crypto #cryptocurrency #crypto2023
As we step into 2024, Ethereum (ETH) is defying previous projections with an impressive 9% surge in the last 24 hours, currently trading at $2,424 with a robust market cap of $291 billion. Is this the beginning of the anticipated 2024 bull run? Here's the latest scoop:
📈 Ethereum Gears Up for 2024 Price Rally: Closing the Gap with Bitcoin
Analysts foresee Ethereum making significant strides in 2024, aiming to narrow the gap with Bitcoin's market dominance. In a surprising move, Ethereum broke through the $2,400 mark, marking a new yearly high and reigniting discussions about its potential in the coming year.
📊 Market Dynamics and Options Activity: A Bullish Surge
The recent rally in Ethereum has triggered a surge in major term implied volatilities (IVs), reaching yearly highs. The 30-day volatility (DVOL) has skyrocketed to 70%, a peak not seen since April, according to reports from Greeks.
🤔 Institutional Caution Amidst the Surge: FOMO Yet to Hit
Despite this bullish momentum, options data from Skew suggests that institutional traders are yet to join the rally, maintaining a cautious stance without fully embracing the upward trend.
💡 Ethereum's Favorable Position for Q1 2024: A Shift in Market Dynamics
Analysts, including Michael van de Poppe, highlight a historical pattern indicating a peak in Bitcoin dominance before an upcoming halving, often signaling the start of a bull market for altcoins. Ethereum, with its robust ecosystem, is expected to play a prominent role in this phase.
🌐 Ethereum Ecosystem Heating Up: Optimism and Arbitrum Taking the Lead
Beyond ETH's individual surge, the entire Ethereum ecosystem is buzzing with activity. Solutions like Arbitrum and Optimism are at the forefront, demonstrating the broader strength of the Ethereum network.
📈 Stay Tuned for the Crypto Rollercoaster: Follow The Blockopedia for Real-time Updates! 🚀
#EthereumRally #ethupdates #crypto #cryptocurrency #crypto2023
Monero é uma criptomoeda de código aberto, criada em abril de 2014, que foca em privacidade e descentralização, com carteiras disponíveis para Windows, macOS, iOS, Linux, Android e FreeBSD. Seu objetivo é ser não rastreável, oferecendo um maior grau de privacidade em relação ao Bitcoin$BTC $BNB $XMR #BinanceWish #Bonk #EthereumRally #XRP #XLM
$MASK is attempting to break the major trend line on the weekly timeframe.
If the upside breakout succeeds, anticipate a wave of 100-150%. 📈
#EthereumRally #BTCETF #BNB #SolanaGems $BTC $ETH #Cryptocurrrency
@BreakOut_Expert
If the upside breakout succeeds, anticipate a wave of 100-150%. 📈
#EthereumRally #BTCETF #BNB #SolanaGems $BTC $ETH #Cryptocurrrency
@BreakOut_Expert
Ethereum gas prices have been steadily rising these past 2 months, daily median now up almost by 6x from October lows
$BTC $ETH #cryptoease #EthereumRally
$BTC $ETH #cryptoease #EthereumRally
nothing to see here $0x0 has been consolidating for a while now, whilst this dip is a buying opportunity and accumulation phase at $0.134 $0x0 a God candle 🕯will telepot #0X0 to an uptrend rally to $1 2024 .
#0x0 #EthereumRally #JTO #btc #AI #trend.
kindly like and give me a follow back 🙏
#0x0 #EthereumRally #JTO #btc #AI #trend.
kindly like and give me a follow back 🙏
Hello mates, I’ll be giving futures signals from tomorrow. Dont forget to follow me ! #BTC #EthereumRally #AptosAdventure #MATIC🔥🔥 #bnbusdtshort
$ORDI (Update)
Current outlook: The chart still looks impressive, and my expectation remains the same. If there are no issues with BTC, it's poised to be among the first movers. For the uptrend to continue, it needs to close above $78.5. If it rises as anticipated, it could target the levels I've indicated on the chart. Also, the rise of $ORDI will likely energize all #BRC20 tokens.
@BreakOut_Expert #Cryptocurrrency #BTC/Update #EthereumRally #BitcoinETFs! #EthereumHigh $BNB
Current outlook: The chart still looks impressive, and my expectation remains the same. If there are no issues with BTC, it's poised to be among the first movers. For the uptrend to continue, it needs to close above $78.5. If it rises as anticipated, it could target the levels I've indicated on the chart. Also, the rise of $ORDI will likely energize all #BRC20 tokens.
@BreakOut_Expert #Cryptocurrrency #BTC/Update #EthereumRally #BitcoinETFs! #EthereumHigh $BNB
🚨 CRYPTO POWER MOVE ALERT! 🌐💼 10K $ETH ($22.97M) SURGES TO #GateIO IN 2 HOURS! 🚀💸
Just a mere two hours ago, the wallet with address "0X85F" orchestrated a significant move, transferring a whopping 10,000 #ETH (equivalent to $22,971,367 USD) to GateIO. 🚀💼
📄 Transaction Hash: 👇
0xb2574e20fab811ed54c1aa577a7e3051ad52e88f1e5179c62d5a62663842261f
🌐 Wallet Address: 👇
0x85faa6c1f2450b9caea300838981c2e6e120c35c
#ETHSurge #EthereumRally
Stay tuned for more updates as the crypto saga continues to unfold! 📊🔍
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
Just a mere two hours ago, the wallet with address "0X85F" orchestrated a significant move, transferring a whopping 10,000 #ETH (equivalent to $22,971,367 USD) to GateIO. 🚀💼
📄 Transaction Hash: 👇
0xb2574e20fab811ed54c1aa577a7e3051ad52e88f1e5179c62d5a62663842261f
🌐 Wallet Address: 👇
0x85faa6c1f2450b9caea300838981c2e6e120c35c
#ETHSurge #EthereumRally
Stay tuned for more updates as the crypto saga continues to unfold! 📊🔍
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
Looking to grow $200? Here are some options:
1. Cryptocurrency: Consider Bitcoin or Ethereum, but be wary of volatility. Trading can yield profits.
2. High-Yield Savings Account: Park your $200 in a high-yield savings account or CD for some interest.
3. Peer-to-Peer Lending: Lend money on platforms for interest from individuals or small businesses.
4. Micro-Investing Apps: Explore apps like Acorns or Stash to invest small amounts in diversified portfolios.
5. Education: Invest in yourself with online courses or books for valuable investing knowledge.
Remember, all investments carry risks. Research, diversify, and be prepared for potential losses. Do your due diligence, be patient—it pays off.
#BinanceTournament #opbnb #ETH #BTC #EthereumRally
1. Cryptocurrency: Consider Bitcoin or Ethereum, but be wary of volatility. Trading can yield profits.
2. High-Yield Savings Account: Park your $200 in a high-yield savings account or CD for some interest.
3. Peer-to-Peer Lending: Lend money on platforms for interest from individuals or small businesses.
4. Micro-Investing Apps: Explore apps like Acorns or Stash to invest small amounts in diversified portfolios.
5. Education: Invest in yourself with online courses or books for valuable investing knowledge.
Remember, all investments carry risks. Research, diversify, and be prepared for potential losses. Do your due diligence, be patient—it pays off.
#BinanceTournament #opbnb #ETH #BTC #EthereumRally
🌐🚀 Ethereum's (ETH) Evolution in 2023: Shapella Upgrade's Revolutionary Impact on DeFi Sector! 🌟💡
The year 2023 witnessed Ethereum's transformative journey, propelled by the game-changing Shapella upgrade that reshaped the entire DeFi landscape. Here's a comprehensive look at this groundbreaking evolution! 📈🔍
🔧 Shapella Upgrade Unveiled 🌐🛠️
The introduction of the Shapella upgrade marked a significant milestone for Ethereum, bringing forth a series of enhancements designed to revolutionize the DeFi sector's functionalities and capabilities.
🌟 Reshaping DeFi Dynamics 💸🔄
Shapella's integration triggered a seismic shift within DeFi, unlocking new possibilities by addressing scalability, efficiency, and usability concerns, fostering a more robust and accessible decentralized financial ecosystem.
📊 Impact on Decentralized Finance 📈🌐
The upgrade's profound impact encompassed enhanced transaction speeds, reduced fees, and improved interoperability, amplifying Ethereum's role as a foundational pillar of the decentralized finance space.
🚀 Expanding Opportunities 💼🔍
Shapella's innovation propelled Ethereum into an era of expanded opportunities, catalyzing growth, innovation, and a renewed surge of projects within the DeFi realm.
The transformative Shapella upgrade in 2023 marked a pivotal juncture for Ethereum, fortifying its position and propelling the DeFi sector into a new era of innovation, efficiency, and widespread accessibility. 🚀🌐
#EthereumRally #ETH2024 #Ethereum.Ripple
The year 2023 witnessed Ethereum's transformative journey, propelled by the game-changing Shapella upgrade that reshaped the entire DeFi landscape. Here's a comprehensive look at this groundbreaking evolution! 📈🔍
🔧 Shapella Upgrade Unveiled 🌐🛠️
The introduction of the Shapella upgrade marked a significant milestone for Ethereum, bringing forth a series of enhancements designed to revolutionize the DeFi sector's functionalities and capabilities.
🌟 Reshaping DeFi Dynamics 💸🔄
Shapella's integration triggered a seismic shift within DeFi, unlocking new possibilities by addressing scalability, efficiency, and usability concerns, fostering a more robust and accessible decentralized financial ecosystem.
📊 Impact on Decentralized Finance 📈🌐
The upgrade's profound impact encompassed enhanced transaction speeds, reduced fees, and improved interoperability, amplifying Ethereum's role as a foundational pillar of the decentralized finance space.
🚀 Expanding Opportunities 💼🔍
Shapella's innovation propelled Ethereum into an era of expanded opportunities, catalyzing growth, innovation, and a renewed surge of projects within the DeFi realm.
The transformative Shapella upgrade in 2023 marked a pivotal juncture for Ethereum, fortifying its position and propelling the DeFi sector into a new era of innovation, efficiency, and widespread accessibility. 🚀🌐
#EthereumRally #ETH2024 #Ethereum.Ripple
Study Reveals Ethereum as Most Targeted in 2023 Cybersecurity Breaches
1. In 2023, crypto security incidents decreased, yet Ethereum endured as the primary target, losing $500 million to hacks.
2. DeFi breaches took the lead, accounting for 31% of total losses and 60% of incidents, while centralized exchanges followed at 20% of losses and 15% of incidents.
3. Despite its resurgence in popularity, NFTs encountered 12% of incidents and 5% of losses, often plagued by minting fraud, counterfeit auctions, and intellectual property violations.
4. Ethereum faced the largest blow, tallying $487 million in losses, closely trailed by Polygon, which suffered $123 million in losses.
SlowMist, a prominent blockchain security company, recently published its comprehensive 2023 report on crypto industry security. Notably, it highlighted a decline in security incidents compared to the preceding year, totaling 464 events resulting in $2.48 billion in losses, down from $3.77 billion in 2022.
Ethereum, holding the second-highest market cap in cryptocurrencies, bore the brunt, facing a loss of $487 million. Meanwhile, the decentralized finance (DeFi) sector emerged as the primary target, grappling with issues like smart contract vulnerabilities and flash loan exploits.
Centralized exchanges weren't spared either, contributing to $487 million in losses, while the Non-Fungible Token (NFT) sector saw 54 attacks, resulting in $122 million in losses. The popularity of Ethereum and Polygon in DeFi and NFT applications made them prime targets.
Exit scams and account compromise incidents remained prevalent, illustrating persistent security concerns within the crypto landscape. Specifically, exit scams accounted for 23.7% of all occurrences (110 instances) and 3.3% of all losses ($83 million), while account compromise via phishing or social engineering represented 18.5% of events (86 instances) and 19.6% of losses ($487 million).
Despite innovations within the crypto space, SlowMist foresees an escalation in security complexities as the industry continues to grow.
However, it's crucial to note that while this information strives for accuracy, the volatile nature of cryptocurrencies demands thorough research and caution in financial decisions.
#ETH #Ethereum2024 #EthereumRally #Crypto2024 #cryptocurrency
$ETH
2. DeFi breaches took the lead, accounting for 31% of total losses and 60% of incidents, while centralized exchanges followed at 20% of losses and 15% of incidents.
3. Despite its resurgence in popularity, NFTs encountered 12% of incidents and 5% of losses, often plagued by minting fraud, counterfeit auctions, and intellectual property violations.
4. Ethereum faced the largest blow, tallying $487 million in losses, closely trailed by Polygon, which suffered $123 million in losses.
SlowMist, a prominent blockchain security company, recently published its comprehensive 2023 report on crypto industry security. Notably, it highlighted a decline in security incidents compared to the preceding year, totaling 464 events resulting in $2.48 billion in losses, down from $3.77 billion in 2022.
Ethereum, holding the second-highest market cap in cryptocurrencies, bore the brunt, facing a loss of $487 million. Meanwhile, the decentralized finance (DeFi) sector emerged as the primary target, grappling with issues like smart contract vulnerabilities and flash loan exploits.
Centralized exchanges weren't spared either, contributing to $487 million in losses, while the Non-Fungible Token (NFT) sector saw 54 attacks, resulting in $122 million in losses. The popularity of Ethereum and Polygon in DeFi and NFT applications made them prime targets.
Exit scams and account compromise incidents remained prevalent, illustrating persistent security concerns within the crypto landscape. Specifically, exit scams accounted for 23.7% of all occurrences (110 instances) and 3.3% of all losses ($83 million), while account compromise via phishing or social engineering represented 18.5% of events (86 instances) and 19.6% of losses ($487 million).
Despite innovations within the crypto space, SlowMist foresees an escalation in security complexities as the industry continues to grow.
However, it's crucial to note that while this information strives for accuracy, the volatile nature of cryptocurrencies demands thorough research and caution in financial decisions.
#ETH #Ethereum2024 #EthereumRally #Crypto2024 #cryptocurrency
$ETH
