Three Crucial Expectations from the Crypto Market in August

The digital currency ecosystem seems to be carving out a resistant path for itself recently, with the combined crypto market capitalization staying consecutively above the $1 trillion benchmark.  The market is now seeing impressive price recoveries across the board, with Bitcoin (BTC) surging past the $23,000 resistance point and Ethereum (ETH) charting a 30-day high of $1,774.58. Overall, the market is showing signs that the crypto winter may be wrapping up, but while investors may want to start bagging new coins in their portfolios, these three key expectations should stay…

3 things that need to happen for Web3 to (really) take off

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here. Web3 is the next generation of the internet that will redefine our everyday digital experiences. Leveraging cryptography and distributed-ledger technology, Web3 is laying the framework for a user-owned and controlled internet. A tsunami of Web3 projects has emerged, unlocking new opportunities for various industries like financial services, gaming, esports, media, entertainment, retail, and more. The Web3 ecosystem is currently undergoing significant growth in terms of funding from venture capital.…

Are We Seeing a Market Bottom? Weekly Gainers Overview

The crypto market has been remarkably challenging for investors this year, with BTC and ETH prices currently down about 66% from their ATHs. June was the worst month since 2011 for both assets. There is cause for optimism in July, though, as both assets post gains.   Still, this year’s drawdown has actually been the least severe on record.   Source: Glassnode.com   While this crypto winter has seen a smaller drawdown than previous bear markets, it has seen numerous large capitulations and restructuring of a market.    Bitcoin and…

While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low – Altcoins Bitcoin News

While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July 30, at 9 p.m. (ET), the average fee was roughly 0.001 ether or $1.70 per transfer. Moreover, the Gas Tracker on etherscan.io recorded even cheaper transfers this weekend, as transactions in the $0.18 to $0.66 range have been confirmed by…