Balita sa Industriya ng Crypto at Market Trends

Cannation (CNNC) up over 1,250,000% in 30 days, is DigiToads...

The cryptocurrency market has seen its fair share of meteoric rises. A recent example is Cannation (CNNC), a weed-related meme coin that can be mined, which has experienced an astounding increase of over 1,250,000% in just 30 days. With such explosive growth, investors are now turning their attention to other potential high-growth opportunities, such as . In this article, we explore the reasons behind Cannations surge and whether DigiToads could be the next big thing in the crypto market.　　DigiToads, an ERC-20 token stands out from other altcoins due to its emphasis on utility and community involvement. The project incorporates a play-to-earn gaming platform, allowing users to collect, nurture, and battle digital toads, while earning TOADS tokens as rewards. Integrating non-fungible tokens (NFTs) into the ecosystem further enhances the projects appeal, with a collection of 3,500 unique NFTs launching during the presale. These stakeable NFTs provide additional opportunities for users to earn rewards, attracting investors who appreciate projects with real utility.　　The question now is whether DigiToads can emulate the massive growth experienced by Cannation. While predicting the future performance of any cryptocurrency is always uncertain, DigiToads has several factors working in its favor. The project‘s successful presale, which has raised over

2023-05-06Industriya

Ethereum Deposits Surge As PEPE Traders Move Profits to ETH

In a major decoupling move from the rest of the crypto market, the Ethereum (ETH) price is up by more than 3.56% over the last 24 hours eyeing a move above $2,000 levels. As of press time, ETH is trading at $1,966 with a market cap of $236 billion.　　The latest development comes as active deposits on the Ethereum blockchain network shoot a 1.5-year high. As per on-chain data provider Santiment, a large number of crypto traders are converting their PEPE profits into ETH. On-chain data provider Santiment ulat:　　Kagandahang-loob: Santiment　　The massive rally in the memecoin PEPE has created a major buzz in the crypto space currently with its trading volumes shooting past $2.7 billion, just after Bitcoin (BTC) and Ethereum (ETH).　　Ethereum Gas Fee Jumps At 12-Month High　　As the frog-themed memecoin aka Pepecoin (PEPE) created a massive frenzy, the daily median gas fee on the Ethereum blockchain has touched a new 12-month high of 87 gwei. Just for context, since the launch of Pepecoin (PEPE) on April 18, the gas fee on Ethereum has shot up by 50% as per pseudonymous analyst @hildobbys Ethereum Gas tracker on Dune Analytics.　　The ERC20 memecoin PEPE has been on an unstoppable price rally. The frenzy surrounding

2023-05-06Ethereum

Pagsusuri ng presyo 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Ether has broken out of its triangle, and that may pull the Bitcoin price above $30,000.　　Confidence in the United States financial system seems to be eroding fast, with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem.　　The U.S. equities markets have become vulnerable to adverse news on the regional banks, as seen from the sell-off in the past three days. Compared to that, Bitcoin (BTC) has held strong and is hovering near its critical overhead resistance at $31,000.　　Bitcoin is not the only outperformer. Gold had risen close to its all-time high during the week. This shows that Bitcoin is currently behaving as a safe-haven asset and investors are adding it to their portfolios along with gold.　　Could Bitcoin overcome the barrier at $31,000 and extend the up move？ Will the altcoins follow Bitcoin higher？ Studying the charts of the top 10 cryptocurrencies can help answer these questions.　　Pagsusuri ng presyo ng Bitcoin　　Bitcoin continues to trade inside the symmetrical triangle pattern, indicating indecision among the bulls and the bears. Usually, the trend that was in force before the formation

2023-05-06Ethereum

You Can Mint a Free Ethereum NFT for King Charles’ Coronation

Ethereum NFT　　You Can Mint a Free Ethereum NFT for King Charles Coronation　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Hear ye, hear ye! Just in time for the coronation of King Charles III and Queen Camilla on May 6, the Gabi Standard newspaper has teamed with digital artist Trevor Jones to launch a free collection of commemorative NFT celebrating the event on Nifty Gateway.　　Created in collaboration with Apollo NFT, “The Oath” can be claimed directly on Nifty Gateway or by using a QR code printed in the newspaper. The QR codes are also posted on billboards along Oxford Street, for those travelling to the capital to take part in the celebrations in person. But before you let the FOMO set in, the NFTs won‘t be minted and delivered to collectors’ wallets until May 7.　　“With the eyes of the world on London this weekend, we are extremely proud to collaborate with Trevor Jones and celebrate this iconic moment for our city,” Gabi Standard CEO Charles Yardley said. “Trevors NFT depicts imagery representing centuries of tradition and history, in a format that represents how the modern world is democratising art for both artists and collectors.”　　The Oath NFT began as a physical painting by

2023-05-06Ethereum

PEPE Meme Coin Hysteria Pushes Ethereum Gas Fees to 1-Year High

Ethereums gas fees have surged above a one-year high as the demand for trading the PEPE meme coin continues to soar.　　The average cost of a single transaction on Ethereum jumped above $15.82 on May 4.　　While Ethereums mean transaction fees have reached much higher levels of between $50 to $70 in 2021, things have been quiet since the market crashed in May 2022.　　Its likely that excitement around meme coins, specifically the newly-launched PEPE, is responsible for the revival in gas fees.　　In the last 24 hours, the trading volume for PEPE surpassed $150 million on , higher than Wrapped Bitcoin (WBTC) and USDT stablecoin volumes.　　The PEPE token also entered the top 100 largest cryptocurrencies by market capitalization on May 1, obtaining a valuation of over $500 million. The token has continued to surge since then, last trading at a market value of $879 million.　　Following the success of PEPE coin, numerous copycats have also emerged representing different internet memes.　　Data from crypto analytics firm Nansen shows that the most active smart contracts on Ethereum are currently Uniswap trading pools for meme coins such as SPONGE, TURBO, BOB, and TRBNR.　　The increased gas fees witnessed 9,392 in ETH burned over the last 24 hours, at par

2023-05-06Ethereum

Collateral Network (COLT) Emerges As Better Opportunity Than Stacks Crypto And Ethereum

After the tumultuous market crash last year, 2023 has brought some relief to cryptocurrencies. Among them, Collateral Network (COLT), Stacks (STX), and Ethereum (ETH) are leading the way for bulls. In this article, we will analyze how a new project, Collateral Network, is leaving well-established cryptos like Stacks and Ethereum behind in growth rate.　　BUMILI NG COLT TOKENS NGAYON　　Stacks Eyes To Tap Artificial Intelligence　　As the hype around the integration of artificial intelligence into Web3 is growing, Stacks has also moved forward. Recently, an AI-powered developer platform, Replit, started featuring the Stacks layer for Bitcoin. After this development, verified Stacks “Repls” will be accessible to over 20 million users of Replit.　　This will help developers learn how to build on the Stacks blockchain. The engineering resources available in the Stacks Replit profile will include code templates, the Stacks Connect start kit, and beginner tutorials. Although Stacks is trying to integrate new technologies into its blockchain, the growth has tumbled in the past few weeks. At the time of writing, Stacks (STX) is changing hands at $0.71.　　Ethereum Launches ETHIndia Grant 2.0　　To increase its adoption and network activity, Ethereum has launched the second season of the ETHIndia Grants program. Under ETHIndia, Ethereum will provide developers

2023-05-06Ethereum

Vitalik Buterin Sends 200 ETH to Kraken - What Does This Mean?

Vitalik Buterins wallet address transferred 200 ETH to Kraken.　　The details of the transaction were shared by PeckShieldAlert.　　Vitalik had previously transferred 700 ETH to Kraken in March as well.　　Vitalik Buterin, one of the co-founders of Ethereum, has sent 200 ETH (equivalent to around $382796 at current market rates) to an address that belongs to the Kraken cryptocurrency exchange. The on-chain data was shared by the blockchain security platform PeckShieldAlert.　　The motive behind the transaction was unclear at press time. One Twitter user commented below PeckShieldAlerts tweet, stating that Vitalik knows PEPE will be listed on Kraken.　　This is not the first time Vitalik has made such a move. The Vitalik-labeled address had deposited 500 ETH in Reflexer to mint 150k RAI and also swapped 132.5k RAI for 378.5k USDC previously in March 2023 as well. He had additionally sent 200 ETH to Kraken in May.　　Lookonchain noted that earlier in March, Vitalik Buterin sold a total of $693,000 worth of meme tokens, including Mops (MOPS), Cult DAO (CULT), and Shikoku (SHIK), which he had received as gifts. Its not uncommon for Buterin to sell the large number of tokens that are often sent to his address by smaller projects.　　It was speculated earlier that Vitalik

2023-05-05Ethereum

Crypto Price Analysis May-5: ETH, XRP, ADA, PEPE, TRX

This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Tron.　　Ethereum (ETH)　　This week, Ethereum has retested the support at $1,800. Buyers showed strength and did not allow the price to fall lower, which is why ETH is found at a similar level to last week due to low volatility.　　The current target for this cryptocurrency is $2,000, which is also a key psychological level. In April, ETH managed to break above it but quickly lost ground once sellers took over the price action. Another break above $2,000 would be quite bullish, but momentum is lacking at this time.　　Looking ahead, Ethereum has found a good foundation to gather strength in the coming week. If buyers return to the market, then a retest of the key resistance appears imminent.　　Tsart ng TradingViewRipple (XRP)　　XRP is in red and has closed the past seven days with a 1.5% loss. The price appears on its way to test the key support at 43 cents. This would be the second time XRP tests this support, and could turn out to be a bearish move if buyers dont return.　　The key resistance is quite some distance away at 48 cents. The momentum indicators, such as the MACD

2023-05-05Ethereum

Ethereum (ETH) Fees Hit May’22 High; Pepe Is the Reason?

The Ethereum networks daily transaction fee spiked to about 87 gwei, the highest since May 2022. 　　Today, PEPE and WOJAK are setting new all-time high records.　　Ethereum (ETH) transaction fees have again hit highs since May 2022. A spike in transactions on the Ethereum blockchain also involving meme-based tokens such as Pepe (PEPE) and Wojak (WOJAK) has driven up traffic on the network, pushing the average fee rate to the highest in nearly one year while showering “Stakers” of the cryptocurrency with extra revenue.　　According to Dune Analytics, the Ethereum networks daily median average transaction fee spiked to about 87 gwei on Tuesday, the highest since May 2022. For comparison, the rate so far this year has fluctuated between roughly 82% year to date.　　Ethereum is the Memecoins Playground？　　A new Ethereum-based frog-themed token, PEPE, has seen a rapid rise in market capitalization, with WOJAK following in its footsteps. Also, both crypto tokens attracted investors with massive returns and an unprecedented price rally.　　Today, the Pepe token market cap reached over $859 million before dropping once more to under $400 million. Also, the 24-hour trading volume for this memecoin surged more than 216% over the night to reach $784 million.　　Additionally, every day, PEPE and WOJAK

2023-05-05Ethereum

Ethereum Gas Fees Hit Record Levels Amid PEPE Meme Coin Hype; Flips SHIB, DOGE

Ethereum gas fees are again touching record levels as meme coins take over the crypto space by storm. The frog-themed meme coin PEPE hype has especially caused Ethereum gas fees to hit a yearly high.　　The high gas fee is making transactions costly for users, while also pushing up prices amid demand for meme coins such as PEPE.　　Ethereum Gas Fees Reaches Yearly High　　According to data by Etherscan, the average gas prices reached 94 gwei and even hit a high of 184 gwei on May 5. The massive jump in Ethereum gas fees is due to the increase in demand for meme coins on the Ethereum network, making transaction costs higher.　　The hype surrounding PEPE meme coin and profits made by investors by trading in the meme coin is causing most people to swap their crypto including other meme coins to PEPE through Uniswap. The average transaction cost on Uniswap has jumped to $32.60.　　As per data, transactions on Uniswap alone have burned over 15,000 ETH in the last 7 days. Uniswap currently accounts for 35% of gas fees, becoming the top “Gas Guzzler” in the last few days.　　Average transaction fee on Ethereum. Source: Etherscan　　In the last 24 hours, the trading volume for PEPE

2023-05-05Ethereum

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