Standard Chartered Raises Its BTC and ETH Forecasts, Bitcoin Can Reach $250K in 2025
Looking ahead to 2025, Standard Chartered predicted that the ETH-BTC price ratio will return to levels seen in 2021-2022, potentially reaching 7%.
Looking ahead to 2025, Standard Chartered predicted that the ETH-BTC price ratio will return to levels seen in 2021-2022, potentially reaching 7%.
A closer examination of past instances reveals a pattern: whenever FTX and Alameda Research executed similar large-volume transfers of Ether tokens, Ethereum price experienced a notable correction.
Verkle trees, an evolution of Merkle trees, promise more efficient and compact proofs, reducing the data storage requirements for validators.
The highly anticipated Dencun upgrade has dramatically reduced Ethereum’s Layer-Two (L2) transaction fees, thus enabling mass adoption of Web3 platforms.
The large ETH withdrawal by validators has raised security concerns for Ethereum. With fewer coins staked, the network is more vulnerable to attacks.
The Ethereum Dencun will implement proto-danksharding, a concept initially theorized by Buterin in 2019, altering the data storage mechanism of Ethereum.
Solana recorded about $15B in DEX volume in the past seven days, translating to a +153% weekly change.
Injective’s near-zero fees make it the most cost-effective gateway for users to obtain USDe, further enhancing accessibility and usability.
The movement of Ethereum (ETH) price has closely mirrored that of Bitcoin, thus raising optimism for ETH’s revisiting ATH soon.
The anticipation surrounding the Dencun upgrade has undoubtedly contributed to the recent bullish sentiment in the Ethereum market.
Ethereum News Today
Ethereum is a public blockchain network that gave rise to the most popular altcoin; ether (ETH). The Ethereum platform was developed by Russian programmer Vitalik Buterin in July 2015 and it features smart contracts as well as an open-source nature that avails its users the choice of designing their programs without the interference of third parties or middlemen.
Ethereum’s Ether (ETH) was built on the ERC-20 protocol and it is ranked the 2nd digital currency based on market capitalization which currently stands at over 18.8 trillion USD. The coin serves as the network fees to miners on the Ethereum platform.
On its launch in 2015, there were 72 million ETH tokens pre-mined after its ICO raised over 16 million dollars in 2014. On 13th January 2018, ETH reached an all-time high of over 1,432 USD. Few months after its launch in 2015, ETH’s price dropped to its all-time low of 0.4209 USD on 21 October 2015.
Eth News
Interestingly, users can also create their custom tokens on the Ethereum blockchain network. This unique feature as seen the platform often referred to as the leading decentralized Apps (dApps) and smart contracts platform. Decentralized Apps are run and implemented precisely as programmed after it is set out on the Ethereum network; this makes it hard to censor and reduces their vulnerability to attacks. Ethereum emphases on running software design codes of dApps.
When it comes to decentralized finance in the dApps industry, Ethereum boasts of leading all other blockchain platforms in the number of applications developed. Ethereum has made significant attempts to solve the scalability issues in the crypto space in recent years and appears to be making progress in that regard.
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