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.
Stay up to date with the latest ethereum news and information on Coinspeaker as we bring you breaking news on ethereum price, market capitalization, wallets, dApps, smart contacts, and its blockchain.
Ethereum ETFs outpaced their Bitcoin counterparts, recording $332.9 million in inflows compared to Bitcoin’s $320 million.
According to Bernstein, the controversial staking yield offering may be approved for Ethereum ETFs during the Trump Presidency
Ethereum price recently surged above $3,700 with its chart pattern resembling Bitcoin’s breakout pattern before its November rally, which led to a 45% increase.
The total value locked (TVL) in Ethereum Layer 2 networks has reached an all-time high of $51 billion, signaling strong investor interest and value growth within the ecosystem.
Ethereum’s recent 15% weekly surge and record-breaking $22 billion futures open interest have fueled market excitement, raising hopes for a broader altcoin rally.
Financial institutions prefer Ethereum as the leading blockchain for tokenizing US dollar-backed real-world assets. Ethereum overtook Tron after $2 billion USDT minting last week.
Robinhood has been tailoring its platform to meet the needs of European users. When the company launched its first crypto staking services in May, it was accompanied by the introduction of localized versions of its app for users in Italy, Poland, and Lithuania.
Ethereum is experiencing a significant rise in the use of “blobs”, indicating the increased adoption of Layer 2 scaling solutions like BASE, Arbitrum, and Optimism.
Sustained buying dominance could propel ETH prices beyond the $3,560 resistance level, paving the way for further growth.
Several indicators point to an imminent bullish breakout for Ethereum price in the near term as Bitcoin price approaches a major psychological target of $100K.
MetaMask launched its “Gas Station” feature, allowing users to complete token swaps without needing ETH or paying gas fees.
The $2.86 billion Bitcoin options expiry could trigger short-term volatility, particularly as traders anticipate Bitcoin reaching the $100,000 mark.
A potential breach of the resistance level of about $4K for Ethereum price will signal the onset of the macro altcoin season as Bitcoin approaches a major psychological target.
Despite the tough competition from Solana, BNB Chain and XRP Ledger, Ethereum remains the dominant blockchain.
Research from Amberdata reveals just a 10% chance of Ethereum surpassing $4,000 by the year-end, citing weak fundamentals as a key factor.