Ethereum (ETH) Bulls And Bears Tussle At $1,000; Will Bears Come Top?

 ETH’s price lost its demand zone of $1,200 as the price struggled to hold above $1,000.   ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  ETH’s price looks weak as the price struggles to hold above $1,000, with the possibility of reclaiming the daily and weekly 50 and 200 Exponential Moving Averages (EMA) remaining bleak. The price action displayed by Ethereum (ETH) has continued to look like a fairytale, with many traders and investors disheartened, following the collapse of…

Bitgo Reveals Wrapped Dogecoin Token Built on Ethereum – Altcoins Bitcoin News

On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet. Bitgo Introduces Wrapped Dogecoin Initiative Almost four years ago in January 2019, Bitgo launched the popular ERC20 token wrapped bitcoin (WBTC). WBTC is essentially a wrapped version of bitcoin built with the ERC20 standard on top of…

Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,400

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it breaks the $1,265…

Ripple and Peersyst Devs Push XRP Toward Ethereum Compatibility With First Phase of an EVM Sidechain – Altcoins Bitcoin News

According to an announcement from Ripple’s core development team Ripplex, developers have introduced the first step toward Ethereum Virtual Machine (EVM) compatibility with the XRP-based sidechain XRPL. The XRPL is now live on Devnet and developers can “assess available technologies,” alongside deploying “existing Solidity apps on the EVM sidechain.” Ripple Core Developers and Peersyst Reveal First Phase of the EVM Sidechain XRPL On Monday, October 17, Ripplex announced the introduction of the XRP-based and EVM-compatible side chain XRPL. The distributed ledger project XRP is the sixth largest crypto project by…

What are the risks of the Ethereum Merge?

One of the foremost concerns regarding the Merge is that of centralization. Another potential concern is the risk of scams, as the general public may not be aware of how the Merge works. A fundamental flaw in the Merge is that it will likely increase the concentration of power within the network. The more valuable a staker’s position is, the more they will be rewarded for validating blocks. This could lead to a situation where a small number of wealthy individuals or groups control the majority of the stake and…

Ethereum Price Pumps and Looks Ready For Another Leg Higher Over $1,400

Ethereum spiked lower after the US CPI release against the US Dollar. ETH dived to $1,200 before it started a sharp increase and surpassed $1,300. Ethereum trimmed all losses and climbed back above the $1,300 resistance zone. The price is now trading above $1,300 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be eyeing a steady increase above the $1,350 resistance zone. Ethereum…

Ethereum Price Breaks Hurdle, Why Bulls Could Aim $1,500 or Higher

Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone. Ethereum is slowly moving higher and trading above the $1,350 level. The price is now trading above $1,350 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,370 resistance. Ethereum Price Eyes…

Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key

Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum found support near the $1,250 level and recovered losses. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.…

La fusión de Ethereum está logrando que su criptomoneda sea más atractiva que bitcoin ante la inflación

En los días que ya pasaron desde la fusión, la tasa de emisión neta anual de la criptomoneda nativa de Ethereum, ether (ETH), cayó en un rango que va desde 0% a 0,7% comparado con el 3,5% previo, estimó Lucas Outumuro, jefe de investigación en la empresa de análisis y datos de criptomonedas IntoTheBlock. La tasa de emisión neta, también conocida como tasa de inflación, es esencialmente la nueva oferta dividida por la existente. Author: Jocelyn Yang Source link

Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is the Key

Ethereum is gaining pace above $1,360 against the US Dollar. ETH could start a fresh rally if there is a clear move above the $1,400 resistance zone. Ethereum is showing positive signs above the $1,320 and $1,350 support levels. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the key $1,400 resistance…