Balita sa Industriya ng Crypto at Market Trends

Maaari bang Pigilan ng Ripple (XRP) ang isang 18% na Pagwawasto?

Balita ng Ethereum ng Bitcoin　　Ripple (XRP) is facing an important support level loss, which could result in considerable losses.　　To make this worse, the altcoin is observing no support from its investors or the crypto market.　　Ripple Investors Make No Effort　　XRP price is facing a bearish outcome, and investors are not supporting cryptocurrency. This is because, in the last couple of days, their participation has gone down considerably, falling to a five-month low.　　At the moment, the total number of addresses conducting a transaction on the network has declined to less than 18,000. Such an instance was last seen back in December 2023, right after Ripple native token hit the local bottom after correcting from its November bull run.　　Mga Aktibong Address ng XRP. Pinagmulan: Santiment　　Given that the price is declining, and so are the active addresses, the market seems to be flashing a “sell” signal at the moment.　　In addition to the investors, the market is not supporting a recovery either, as evident in the Relative Strength Index‘s (RSI) drop. The RSI is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions in an asset’s price.　　Magbasa Pa: Lahat ng Kailangan Mong Malaman Tungkol sa Ripple vs

2024-05-11Industriya

Ethereum transaction fees hit record low as Layer-2 networks siphon activity

The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain.　　According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the network completed the Merge event in 2022.　　Market observers attributed this decline to increasing activity on L2 networks following the completion of the Dencun upgrade. The Dencun upgrade significantly reduced fees for L2 networks, making transacting on the base layer less attractive.　　Notably, the blockchain analytical platform IntoTheBlock iniulat:　　“An increasing number of transactions are now being settled on Ethereum Layer 2s. Last month, the three largest L2s hit a record 82% transaction share of all Ethereum transactions.”　　Ethereum Layer-2 Transaction Share. (Source: IntoTheBlock)　　Furthermore, the number of transactions on Arbitrum has seen strong growth, reaching over on May 8 — a significant rise from the early March average of 1 million.　　L2beats data further indicates that Base and Arbitrum averaged 30 and 20 transactions per second, respectively, while Ethereum managed 13 transactions per second during the same period.　　ETH turns inflationary　　Meanwhile, CryptoQuant analysis revealed that ETH has transitioned to an inflationary state post the Dencun upgrade, resulting in diminished gas fees and reducing its burn rate.　　In light

2024-05-11Ethereum

Crypto Analyst Updates Outlook on Altcoins and the Potential of an Ethereum (ETH) ETF Approval This Month

A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle.　　Crypto trader na si Michaël van de Poppe nagsasabi his 717,300 followers on the social media platform X that altcoins are waking up as Bitcoin (BTC) hovers near $61,000.　　Ang BTC ay nagkakahalaga ng $60,933 sa oras ng pagsulat, bumaba ng 2% sa araw.　　Looking specifically at the altcoin Arbitrum (ARB), the analyst palagay the ETH layer-2 protocol is near the end of its full correction.　　Pinagmulan: Michaël van de Poppe/X　　ARB is trading for $1.01 currently, down 2% on the day.　　Si Van de Poppe din ihinahayag that he doesnt believe the SEC will approve an ETH ETF until at least July or August of this year.　　ETH is worth $2,914 at time of writing, down 5% on the week.　　Disclaimer: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng mga mamumuhunan ang kanilang nararapat na pagsusumikap bago gumawa ng anumang mataas na panganib na pamumuhunan sa Bitcoin, cryptocurrency o mga digital na asset. Mangyaring maabisuhan na ang iyong mga paglilipat at

2024-05-11Ethereum

Ethereum fees hit lows while L2 capture users attention: IntoTheBlock

In the competitive landscape of L2s, different platforms are carving out their niches. Institutions have shown a preference for Arbitrum, which dominated 73% of Ethereums transaction volume among the top L2s. Conversely, Arbitrum accounted for only 39% of the number of transactions, while Base captured a 50% share. Notably, Blackrock and Securitize have recently applied to introduce the BUIDL real-world assets fund on Arbitrum.　　On the retail side, Optimism‘s OP Stack has been gaining traction through “SocialFi” applications. Coinbase’s Base L2 experienced a surge in transactions following FriendTechs airdrop, and the social media-based card game Fantasy.top generated $6 million in fees this week on the Blast L2. This diversification of applications has intensified the competition among L2s, particularly in terms of market capitalization.　　Optimism‘s OP token has seen a 48% increase from its April lows, outperforming ARB’s 22% gain. The OP token now surpasses ARB in both circulating market cap and fully diluted valuation. Additionally, venture capital firm a16z‘s $90 million investment in OP has bolstered the project’s resources and credibility.　　The ongoing competition among L2s is leading to lower fees for Ethereum in the short term. However, it is simultaneously fostering a rich ecosystem of applications that promise to stimulate economic activity

2024-05-10Ethereum

Lucky Crypto Trader Sees Ethereum Memecoin Investment Surge in Value by a Staggering 86,000%: On-Chain Data

crypto Ethereum　　Lucky Crypto Trader Sees Ethereum Memecoin Investment Surge in Value by a Staggering 86,000%: On-Chain Data　　Balita ng Ethereum ng Bitcoin　　New on-chain data reveals that one lucky trader is seeing a more than 86,000% gain on his Ethereum (ETH)-based memecoin investment.　　According to blockchain tracking firm Lookonchain noticed, one investor bili $6,500 worth of the MAGA (TRUMP) late last year and is now sitting on $5.6 million worth of funds.　　The MAGA memecoin, founded in August 2023 and based on former US President Donald Trump, currently has a market cap of $298.3 million, making it the 234th ranked digital asset. TRUMP is trading for $6.40 at time of writing, up more than 51.9% in the last 24 hours.　　The sudden surge in value comes as Trump reportedly made pro-crypto remarks on May 8th during a dinner event he hosted in Mar-a-Logo for supporters who bought non-fungible tokens (NFTs) from his “Mugshot Edition” collection.　　During the event, Trump announced that he would be accepting crypto donations towards his presidential campaign.　　Lookonchain din napansin another trader who is sitting on $4.4 million in profits through buying TRUMP after purchasing hundreds of thousands of the meme asset in December 2023 and January 2024.

2024-05-10Ethereum

YouTube Influencer ‘Crypto Costa’ Backs BlockDAGs $24.3M Presale As ETH Whales And Aptos Price Remain Steady

crypto Ethereum　　YouTube Influencer ‘Crypto Costa’ Backs BlockDAGs $24.3M Presale As ETH Whales And Aptos Price Remain Steady　　BlockDAG is capturing significant attention, particularly due to the endorsement by YouTube influencer Crypto Costa. He recognizes the project‘s innovative potential and strategic market positioning. Currently in its 11th presale batch, with coins priced at just $0.007 and a potential 30,000x ROI, BlockDAG’s allure is magnified by a strong online presence and its presale reaching $24.3 million. This excitement surpasses other market activities like increased Ethereum whale transactions and Aptoss stable pricing, which pale in comparison to the buzz BlockDAG generates online.　　Ethereum Whales Signal Shift, Transfer 32,527 ETH　　Ethereum whales have been more active, transferring large amounts of ETH to exchanges, raising concerns about potential price volatility. Moving over 32,527 ETH signals a cautious outlook. Whales typically precede market shifts with their actions, possibly taking profits or reallocating assets due to recent Ethereum price fluctuations. Monitoring their transactions during these price adjustments can provide insights into broader investor sentiment about Ethereums short-term financial health.　　Aptos Price Holds Steady After Token Unlock 　　Despite unlocking 4.54 million APT tokens worth nearly $32 million, Aptoss price remains stable. Such unlocks often lead to increased market liquidity and selling pressure,

2024-05-10Ethereum

Can Ethereum (ETH) Investors’ Conviction Lead to a Rally?

Ethereum　　Can Ethereum (ETH) Investors Conviction Lead to a Rally？　　Ethereum (ETH) is stuck in a long-term downtrend, bringing the worlds biggest altcoin below $3,000.　　However, the presence of investors confidence and a potential breakout from a bullish pattern could be key to recovery.　　Ethereum Investors Remain Optimistic　　Ethereums price is already below the $3,000 mark, and any further decline could lead to the altcoin noting a two-month low. However, the chances of this happening are lowered as investors move away from causing further bearishness.　　Evidence of this can be seen in their recent behavior, particularly the selling spree that has slowed down over the past few weeks. The active deposits measure the movement of coins into exchange wallets. Generally, a spike in this metric is an indication of potential selling.　　In the case of ETH, these deposits have noted a decline, which suggests that the investors are likely moving away from selling. As a result, the altcoin could also witness a slowdown in the price drop.　　Mga Aktibong Deposito ng Ethereum. Pinagmulan: Santiment　　Furthermore, upon distributing the active addresses by profitability, one can notice that the dominance of investors in profit has reduced. Their presence is a bearish sign that ETH holders are looking to sell.　　These investors, however,

2024-05-10Ethereum

Is Ethereum Targeted by the SEC? Will ETFs Be Approved? JP Morgan Hopeful!

Ethereum　　Is Ethereum Targeted by the SEC？ Will ETFs Be Approved？ JP Morgan Hopeful!　　Balita ng Ethereum ng Bitcoin　　While the SEC continues to increase its pressure on the cryptocurrency industry, its latest target was the US-based cryptocurrency platform Robinhood.　　At this point it was revealed that the SEC sent a Wells Notice to Robinhood in early May.　　While discussing the possible effects of the SECs Wells Notice sent to Robinhood on the cryptocurrency industry, the latest assessment came from JP Morgan.　　SEC Will Have to Approve Ethereum ETFs!　　The SECs Wells Notice to Robinhood Crypto is unlikely to block final approval of spot Ethereum ETFs, JP Morgan analysts said, The Block reported.　　JP Morgan analysts led by Nikolaos Panigirtzoglou said that the SEC will eventually make a decision on ETH, but that the SEC will not classify ETH as a security or commodity but in another ‘intermediate’ category.　　Analysts also noted that it would not be a huge disappointment for the markets if the SEC rejected Ethereum ETFs in May, and the markets were not expecting approval this month anyway.　　In our view, the Wells notice does not appear to preclude the eventual approval of the spot Ethereum ETF by the SEC.　　ETFs may not be approved as soon as

2024-05-10Ethereum

Ethereum’s Post-Dencun Economics — Analysts Say Is ETH No Longer Ultrasound Money ⋆ ZyCrypto

Ethereum　　Ethereums Post-Dencun Economics — Analysts Say Is ETH No Longer Ultrasound Money ⋆ ZyCrypto　　Balita ng Ethereum ng Bitcoin　　Ethereum has entered a new regime dominated by low network revenue generated from fees after its March Dencun upgrade. But this has turned the networks native token, ether, into an inflationary currency, according to CryptoQuant.　　Ethereum Remains Inflationary　　Ethereum users during the past bull markets complained about exorbitant gas fees, with the network prone to congestion due to increased activity from non-fungible token (NFT) trading and decentralized finance (DeFi). Those days are long gone following the execution of the Dencun upgrade.　　Analysts at on-chain data firm CryptoQuant noted in a May 8 research report that the median ETH transaction cost today is roughly four times lower than before Dencun went live when comparing periods of similar network activity.　　While the development is positive for Ethereum users who can conduct transactions cheaper than before, it affects ETHs supply by keeping it inflationary by permanently destroying fewer tokens than new issuance.　　Could someone tell me how is ETH not crashing？ The total fees are bottoming. The burn is bottoming. Inflation is actually hitting same levels as Bitcoin once in a while. CEO and General Council for Consensus: We have started

2024-05-10Ethereum

Vitalik Buterin Proposes EIP-7702: a revolution for Ethereum

Ethereum　　Vitalik Buterin Proposes EIP-7702: a revolution for Ethereum　　Balita ng Ethereum ng Bitcoin　　Vitalik Buterin, the visionary co-founder of Ethereum, together with co-authors Sam Wilson, Ansgar Dietrichs and Matt Garnett, has recently presented a revolutionary proposal: the EIP-7702.　　This proposal aims to enhance the concept of “account abstraction” on Ethereum, introducing new flexibility and potential to externally owned accounts (EOA), such as regular wallets, allowing them to temporarily take on the functions of a smart contract during a transaction.　　What is EIP-7702？ The proposal by Ethereum co-founder Vitalik Buterin　　The EIP-7702, or Ethereum Improvement Proposal 7702, is a technical proposal that aims to extend the capabilities of externally owned accounts on Ethereum, allowing them to behave like smart contracts.　　Normally, EOAs are simple wallets that can send and receive funds, but cannot execute arbitrary code like smart contracts.　　However, with the introduction of EIP-7702, these accounts will be able to temporarily activate smart contract capabilities to perform complex operations, and then return to their original state once the transaction is completed.　　The need for such innovation stems from the current limitations of EOAs, which cannot directly participate in more complex transactions without the intermediation of a smart contract.　　This not only complicates some operations but also limits the possibilities

2024-05-10Ethereum

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