06-JAN-2021

2 weeks ago

Ethereum price prediction: ETH towards $1400, analyst – via Cryptopolitan
The cryptocurrency market has exploded in the past few days, all major cryptocurrencies are seen to be pushing towards new record-breaking levels. The queen of cryptocurrency has been following the king quite closely. The 24-hour movements are matching that of Bitcoin’s as usual, but as some deviations are expected ETH displayed a higher level of fluctuation.

2 weeks ago

Grayscale Sells All XRP in Large Cap Fund for Bitcoin, ETH – via Decrypt
Digital asset manager Grayscale Investments has sold all the XRP in its Digital Large Cap Fund. It has bought Bitcoin and other coins instead. Digital asset manager Grayscale Investments sold all XRP in its Digital Large Cap Fund at the end of December, according to a statement today. XRP amounted for about 1.5% of the fund. Grayscale sold all its XRP to purchase Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

2 weeks ago

Bitcoin and Altcoins Holding Uptrend Support – via CryptoNews
Bitcoin price is holding gains above the USD 30,000 and USD 30,500 support levels. To start a fresh increase, BTC must gain momentum above the USD 32,500 resistance. It is currently (13:00 UTC) trading well above USD 31,200. Similarly, most major altcoins are trading above important uptrend supports, including ethereum, XRP, EOS, XLM, LINK, BNB, OMG, NEO, TRX, bitcoin cash, DOT, litecoin, and ADA. ETH/USD is back above USD 1,000, but it must clear USD 1,080 for another rally. XRP/USD is moving higher and it could attempt an upside break above the main USD 0.250 resistance zone.

2 weeks ago

Ethereum Fans Brag About All-Time High Fees As L2 Solution Coming – via CryptoNews
Ethereum (ETH) fees hit a new an all-time high, with its supporters arguing it’s a proof of high demand, while Ethereum moves towards a new Layer 2 (L2) scaling solution. Ethereum has been experiencing significantly high fees on and off for several months now, particularly with the decentralized finance (DeFi) boom last summer. And it has reached yet another all-time high as a result of a major jump from January 1’s USD 1.68 to yesterday’s median fee of USD 8.5. The previous all-time high happened last September when the median transaction fee had hit USD 8.48.

2 weeks ago

An Astonishing $2 Billion Is Now Staked in Ethereum 2.0 – via Decrypt
The staking protocol is oversubscribed by over 428% of its requisite threshold. It’s now the fifth biggest staking network in the world. The Ethereum 2.0 staking protocol now holds over 2.2 million ETH, data from on-chain analytics site Dune Analytics shows. The amount is worth over $2.3 billion at Ethereum’s current market price of $1,049. However, the asset itself rose over 43% in the past week, meaning the figure may change if prices correct downwards and no new ETH is deposited.

2 weeks ago

Ethereum Rally Fails to Spark Chinese Interest as Bitcoin Hogs Limelight – via CryptoNews
Racing ethereum (ETH) prices have seemingly failed to impress Chinese crypto users, with interest in the token – as well as blockchain technology – almost unchanged despite record-breaking recent altcoin rallies. Data from WeChat shared on Twitter by Primitive Crypto co-founder Dovey Wan showed that while interest in bitcoin (BTC) spiked as the token broke through the USD 20,000 and then the USD 30,000 threshold, ETH and blockchain interest barely even fluctuated – even when ETH was posting gains of over 100%.

2 weeks ago

DeFi Hits Historic $17.5 Billion Locked, But ETH Is Still Flowing Out – via Decrypt
Total value locked in DeFi is higher than ever, but the surging prices of ETH and BTC are leading users to pull those assets out. Total value locked in DeFi has hit $17.5 billion, a new all-time high. Even as TVL is rising, ETH and BTC are being pulled out of DeFi protocols after huge holiday pumps. TVL also accounts for many altcoins locked in DeFi, and locked value could rise even higher if an “alt season” materializes.

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