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Ethereum News
Crypto-News-Flash
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XRP Ends Ethereum’s 7-Year Reign, Analyst Predicts Bullish Momentum
- XRP has ended its 7-year dominance over Ethereum, raising optimism for bullish momentum.
- XRP broke above the descending trendline against Ethereum and reclaimed the $1 milestone.
- XRP has outperformed Ethereum in terms of gains in the current market cycle, with a 112% increase compared to Ethereum's 29%.
- If XRP reclaims its January 2018 peak, it could skyrocket to $11.4.
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Crypto-News-Flash
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Ethereum Staking Now Accessible in 21Shares Core ETP
- Switzerland's 21Shares has added Ethereum staking capabilities to its Ethereum Core ETP, enhancing accessibility for European investors.
- The Ethereum Core ETP is listed on multiple exchanges and has been renamed Ethereum Core Staking ETP.
- 21Shares aims to simplify staking and provide investors with an additional income source, as Ethereum's staking yield currently averages about 3.17%.
- The addition of staking capabilities in the ETP showcases the company's commitment to innovation and promoting the adoption of Ethereum's decentralized features.
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Hackernoon
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Degate Launches Cross-Chain Intent Trading: Trade Tokens Across Blockchains Seamlessly
- DeGate is launching Cross-Chain Intent Trading, allowing seamless token trading across blockchains.
- The feature enables traders to use Ethereum-based USDC to trade tokens on other chains, starting with Solana.
- DeGate prioritizes security, allowing users to control their assets and sign transactions before execution.
- The Cross-Chain Intent Trading feature will expand to other leading chains in the future.
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Crypto-News-Flash
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Ripple CEO: XRP Dominated Before SEC—Is a Return Inevitable?
- Ripple CEO Brad Garlinghouse highlights XRP's previous dominance in the cryptocurrency market before SEC's involvement.
- XRP has shown signs of recovery despite the ongoing legal battle with the SEC.
- XRP's recent price surge has reignited excitement among its supporters, reaching $1.09 and becoming the sixth-largest cryptocurrency.
- Optimism remains high for XRP's future if the regulatory environment becomes more favorable, with predictions of reaching $9 by March 2025.
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TheCryptoBasic
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Expert Says Ethereum is Set to Outperform Bitcoin as It Targets $10K, Citing Technical Details That Support Bullish View
- Analysts suggest that Ethereum could outperform Bitcoin and rally towards $10,000.
- Ethereum is facing challenges in regaining momentum and showing signs of recovery.
- Key indicators such as MVRV momentum and whale activity support a potential bullish phase for Ethereum.
- Critical support levels, institutional investments, and correlation with traditional markets further indicate a possible rally towards $10,000.
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Blockonomi
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Bitfinity Network Launches $12M Bitcoin Layer-2 Platform, Bridging Bitcoin and Ethereum Ecosystems
- Bitfinity Network has launched its Bitcoin Layer-2 mainnet, bridging Bitcoin and Ethereum ecosystems.
- The platform raised $12 million in total funding, with $7 million from institutional investors and $5 million through community OTC sales.
- Bitfinity leverages Internet Computer Protocol’s Chain Fusion Technology for EVM compatibility and offers enhanced security through Chain-Key technology.
- The platform introduces Bitgems for user engagement rewards and plans to host various decentralized applications.
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Newsbtc
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Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise
- Ethereum's price surge has led retail investors to hold onto their holdings, indicating a perception of undervaluation.
- Limited inflow of Ethereum to major exchanges suggests a cautious but optimistic outlook among traders.
- The Spent Output Profit Ratio (SOPR) indicates a lack of significant profit realization among ETH holders, reinforcing the buy-and-hold sentiment.
- Analysts predict a price target of $10,000 to $13,000 for Ethereum, highlighting it as a notable buying opportunity.
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TheNewsCrypto
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Can Ethereum Break Free from Its Consolidation Phase?
- Ethereum struggles to break resistance despite rising speculative trading activity.
- Market sentiment remains bearish, limiting Ethereum’s recovery.
- Ethereum is currently trading at $3,110, down 0.79% in the past 24 hours with weak momentum.
- Speculative activity around Ethereum is at its highest in months, while market sentiment remains bearish.
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NullTX
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Ethereum Shows Resilience As Retail Investors Stay Confident Amid Price Surge
- Despite the recent price surge, retail investors are holding their positions in Ethereum, indicating confidence in long-term growth.
- Low exchange inflows and a near-breakeven SOPR show investors' reluctance to sell their Ethereum holdings.
- If Ethereum remains above $2,800, analysts predict a potential short-term target of $4,000, driven by a prevailing 'buy and hold' sentiment.
- Ethereum is becoming less correlated with Bitcoin, as evidenced by a three-year low in the 180-day Pearson correlation between the two cryptocurrencies.
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Crypto-News-Flash
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Bitcoin Smashes $93,800 ATH as Ethereum and Altcoins Rally
- Bitcoin smashes its all-time high, reaching $93,826.60 after a 3.33% rally within 24 hours.
- Ethereum and Solana experience gains as Bitcoin's rally spills over to the altcoin market.
- Market optimism is fueled by factors such as Trump's crypto-friendly policies and institutional investments.
- Bitcoin is currently trading at $91,751.54, showing a 4.30% increase in the past week.
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Crypto-News-Flash
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ETH Price Surge Sparks Altcoin Season Hopes Amid Solana, XRP Rallies
- Speculation surrounds the possibility of an upcoming altcoin season in the crypto market.
- Top altcoins like Solana (SOL) and XRP have shown significant gains recently.
- Bitcoin's dominance needs to drop below 58% to signal the beginning of an altcoin season.
- Ethereum's market influence is crucial for the success of an altcoin season.
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Crypto-News-Flash
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XRP Outshines Bitcoin: Virtune ETP Leads the Way
- Virtune XRP ETP has outperformed major indices like OMX Stockholm 30 and Bitcoin.
- An analyst projects XRP to finish the cycle with a 40x price gain from its cycle low of $0.28.
- XRP has broken away from a four-year consolidation phase and is expected to reach between $2.5 and $3.8.
- EGRAG CRYPTO predicts XRP could reach $11, supported by a 40x gain from its cycle low and programmatic sales ruling.
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TronWeekly
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Ethereum ETFs Experience $515M Surge, Explore the Trends Behind the Investment Influx
- Ethereum ETFs experience a surge of $515 million in inflows, indicating increased investor confidence and optimism for Ethereum as an investment asset.
- Major funds like BlackRock's iShares Ethereum Trust contribute significantly, with inflows of $131.4 million.
- BlackRock's ETHA ETF marks a successful launch, recording no net outflows and becoming one of the top six ETF launches in 2024.
- The growth in Ethereum ETFs signals broader acceptance of cryptocurrencies as reliable assets, with potential implications for market patterns and potential regulatory scrutiny.
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Altcoinbuzz
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Solana DApps Hit Record Fees Amid Memecoin Boom
- Solana-based dapps have been generating impressive fees in recent days, with several setting new revenue and fee records.
- Gemini has launched in France after receiving DASP approval.
- Solana-based protocols, including Raydium and Jito Protocol, have seen significant fee generation, thanks to the memecoin boom.
- Solana has reached its highest-ever weekly real economic value activity, highlighting its growing adoption and use in various sectors.
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Medium
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Revolutionizing Information Gathering: Exploring Vitalik Buterin’s Info Finance Concept
- Info Finance aims to revolutionize the way we gather, verify, and share information using the power of blockchain and artificial intelligence.
- Vitalik Buterin explains that Info Finance involves the establishment of specialized markets to collect accurate information from participants.
- The transparency of blockchain technology and the processing capabilities of AI contribute to the reliability of Info Finance in domains such as Finance and Governance.
- To learn more about Info Finance, you can engage by leaving a comment or subscribing to our channel for the latest insights from the CryptoCrew.
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