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.
During its initial phase, MetaMask’s pooled staking service will cater to a limited user base, with plans for wider accessibility in the future.
This pre-launch momentum is further fueled by Zircuit’s staking program, which collects liquidity in anticipation of the mainnet launch.
QCP Capital highlights the possibility of the US Federal Reserve being pressured to follow suit with other Central banks.
The recent approval of spot Ethereum ETFs in the United States and Hong Kong has significantly increased overall crypto bullish sentiment amid heightened development activities.
In their research note, VanEck analysts noted that ETH can be thought of as ‘Digital Oil’ because it is consumed by engaging in activity on Ethereum.
The increased leverage is only available for isolated margin positions, meaning potential losses are capped at the initial margin used for the trade.
Several market analysts believe that the Ethereum price could skyrocket once the Ether ETFs go live for trading amid strong institutional demand.
Both Bitcoin and Ethereum are trading above their respective maximum pain points. However, as the assets approach these critical price levels, traders may witness increased buying or selling pressures, influencing market sentiment.
The crypto industry is patiently waiting for the debut of spot Ethereum ETFs trading in the United States, which will ultimately trigger a macro bull run.
Ethereum price has outshined Bitcoin in the past few weeks after the approval of spot Ether ETFs in Hong Kong and the United States.
QCP noted that ETH rallied from $3,810 to $3,940 as investors in Asia woke up to bullish comments from the former US president and 2024 presidential candidate Donald Trump.
The price of Ethereum has continued its bullish momentum. It has increased by 3% in the last 24 hours, and 7% in the last three days.
The surge in Layer 2 adoption can be traced back to the recent green light given to spot Ethereum ETFs by the US SEC.
The approval of spot Bitcoin ETFs in the US led to a 70% surge in Bitcoin prices in two months. If history repeats, Ether could reach its all-time high near $6,000 by July’s end.
The recent Ethereum price dip appears to be a classic case of “buy the rumor, sell the fact” behavior. Experts forecasts that Ether price could jump by more than 60% soon, driven by growing interest from institutional investors in futures.