Ethereum (ETH) – CryptoGazette

Ethereum Balance on Exchanges Drops While ETH Deposits are Sent to DeFi

Cryptocurrency News, Ethereum News21/09/20200Comments

Renowned analytics service Glassnote has revealed that the ETH balance on online exchanges has declined to a nine-month low. In addition, the number of Ethereum wallets and other on-chain fundamentals has also dropped significantly. The analytics provider has also reported on Twitter that ETH on-chain fundamentals have not been doing very…

Coinbase Releases USDC 2.0 to Tackle Gas Fees Issue and Removes ETH from the Equation

Altcoin News, Cryptocurrency News, Ethereum News28/08/20200Comments

As Ethereum network fees keep getting bigger, crypto firms are looking for alternatives to take the cost of transfers back to reasonable levels. Coinbase is the most recent platform to come with an upgrade to its stablecoin USD Coin. Centre Consortium members Circle and Coinbase have released an upgraded version of their popular USDC dollar-pegged…

Two Altcoins Predicted to Surge as BTC, ETH and LINK Recalibrate

Altcoin News, Cryptocurrency News24/08/20200Comments

A renowned cryptocurrency strategist and trader says he is keeping his eyes wide open on two particular low-capitalization coins. Josh Rager stated he is optimistic about the new crypto projects, which were both built by a pseudonymous figure known as Bill Drummond. https://twitter.com/Josh_Rager/status/1297550758976663552 Tokens of Babel (TOB) is an Ethereum-based asset that comes with a new…

Cardano (ADA) – The Tortoise to the Hares of the Crypto World

Cryptocurrency News, In Depth24/08/20200Comments

In the race between crypto coins Bitcoin (BTC) and Ethereum (ETH) and Cardano (ADA), the latter would be the tortoise in Aesop's classic tale, while the former two assets would likely be referred to as the hare. What is still to see is who will win the race in the end. Cardano has numerous top computer…

On-chain Data Suggests Altcoins are Overinflated in Comparison to BTC and ETH

Altcoin News, Global Crypto News23/08/20200Comments

The altcoins market has outrun major cryptocurrencies such as Bitcoin and Ethereum in the last few weeks. However, as per researchers at Santiment, an on-chain market analysis company, alternative coins have started to become 'overinflated.' When Bitcoin consolidates or encounters an insignificant decline over an extended period, altcoins usually tend to rally. The so-called majors,…

Ethereum Killers Will Actually Help ETH in Time, Strategist Says

Cryptocurrency News, Ethereum News23/08/20200Comments

Known as 'Ethereum killers,' they are novel second-layer scaling solutions which some believe could put Ethereum at risk in long-run terms. However, strategist Ryan Sean Adams says they are actually not competing with ETH, but aiding it. Throughout last year's period, the Ethereum blockchain network has become extremely clogged, mainly because of Decentralized Finance (DeFi). Therefore,…

Stock-to-Flow Model Cannot be Applied to Ethereum, Renowned Analyst Says

Cryptocurrency News, Ethereum News22/08/20200Comments

Plan B, a renowned trader and financial analyst, mainly popular for adopting the stock-to-flow pattern for Bitcoin, has shared his opinion about Ethereum on Twitter , enumerating the reasons why it can be valuable compared to Bitcoin. The tweet came as a response to the post by Alex Saunders, crypto investor, and Nugget's News CEO,…

Top Five Altcoins to Consider in 2020

Altcoin News, Global Crypto News, In Depth22/08/20200Comments

The cryptocurrency market is getting warmer, and numerous crypto enthusiasts believe 2020 is Bitcoin's next bull run year. However, in terms of altcoins, out of the thousands of crypto assets available, it isn't easy to know which have a future without having to spend your time and energy researching. We have done this research, and…

Is Ethereum’s Impressive Weekly Close Enough to Push it Higher?

Cryptocurrency News, Ethereum News, Global Crypto News18/08/20200Comments

Ethereum has been trapped in the distress of a consolidation stage ever since it encountered a rejection at below $450 earlier this week. The coin has not been able to keep the powerful momentum that sent it to these highs and has been mainly trading between $420 and $430. We should note that Ethereum managed…

Cryptocurrency Mining Profitability – Should You Consider it This Year?

Global Crypto News, In Depth, Opinion09/08/20200Comments

While the global crypto economy keeps rising, cryptocurrency mining is likely to remain and even become a lot more profitable in the next years. Miner profitability metrics are operating on a few factors regulating difficulty and emission, which are hard-coded into the blockchain's functions, making it predictable to work with. Although predictability doesn't always mean profitability,…