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$ETH Shows Strength as Price Stays Above $3K; How High Will This ERC-20 Memecoin Go in 2024?

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Markets are embracing full risk-on behavior. TradFi has an insatiable appetite for Bitcoin ($BTC) and mining stocks, and later this year, the SEC will no doubt approve an Ethereum ($ ETH ) Spot ETF. What are the top cryptos to buy right now ? According to some analysts the answer might be ERC-20s, especially new small caps like Galaxy Fox ($GFOX) .  Bitcoin went from $25,000 to nearly $55,000 from approval to post-launch. Ethereum has a smaller market cap and is deflationary. Most people are not ready for what is to come. $ ETH shows strength as price stays above $3K. But the real question is how high will this ERC-20 memecoin go in 2024? Ethereum ($ETH): Holding Ground Above $3,000 Ethereum has finally flipped resistance at $3,000 after nudging against it for several days, and this critical psychological level has quickly been turned into support. Inflows to $ ETH are up big, and the enormous success of the Bitcoin Spot ETFs is driving this price action...

95% NFTs Have a Market Cap of 0 Ether

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Once upon a time, several crypto community members were seen pouring millions of dollars into JPEG images of apes, punks, rocks, etc. However, the hype associated with NFTs fizzled out with the onset of the bear market. No significant improvement has been registered as of yet. Over the past 30 days, NFT sales on prominent blockchains like Ethereum, Polygon, Solana, Bitcoin, BNB, Cardano, etc. have dipped by 10% to 45%. A couple of chains, like Flow and Mythos Chain, were exceptions. Parallelly, the number of buyers has also been decreasing. Source: CryptoSlam Recent research conducted by dappGambl revealed that the vast majority of NFTs are worthless. Of the 73,257 NFT collections identified, around 69,795 of them had a market cap of 0 Ether. The report pointed out, “ This statistic effectively means that 95% of people holding NFT collections are currently holding onto worthless investments. Having looked into those figures, we would estimate that 95% to include ove...

Ethereum Price Prediction As Dips Become Profitable: Rebound To $2k In The Offing?

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However, waves of bearish forces sweeping across the market on Thursday sent Ethereum tumbling below $1,900 only to hang onto support at $1,825. advertisement As reported in the Bitcoin price prediction, several economic indicators released this week did not sit well with investors, who worry that the Federal Reserve’s hawkish stance on inflation could send the US into severe inflation. Ethereum price has recovered to trade at $1,856 at the time of writing on Friday, as bulls struggle to recoup about 3.5% of losses incurred in 24 hours. Is Ethereum Price Poised For A Rebound? Sentiment across the crypto market is still bullish, mainly due to interest from institutional investors, who reassure retail investors of a possible breakout to $2,000 and $2,200. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Ethereum Price Prediction: June 2023

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Ethereum is a decentralized, open-source blockchain system. It Features its own cryptocurrency, Ether ( ETH ). How does a price prediction for Ethereum and its native crypto look for June 2023? Currently, ETH is trading at $1,896.31, according to CoinMarketCap. Throughout May, Ethereum price saw a drop, trading in red most of the month after a strong April. However, after trading in the low $1,800 range and even below, ETH has since seen a rebound. Here’s our Ethereum price prediction for June, and how ETH may look towards the end of the month. Source: Pixabay Ethereum (ETH) Price Prediction for June 2023 The recent rise in the price of ETH is in part thanks to Lido enabling ETH withdrawals on its staking platform. Towards the end of May, ETH rose back up to the upper $1,800s and even peaked above $1,900 some days. With the new withdrawals on the Lido staking platform, as well as the Shapella upgrade going live earlier this year, Ethereum is expected to continue to jump, possi...

Ethereum’s Biggest Comeback After 135 Days, Will ETH Rally Sustain?

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Ethereum last climbed above the $1,650 mark in November 2022 and struggled to reclaim the position for nearly five months. ETH blasted through $1,700 in the last two days jumping nearly 20% in the indices after close to 135 days. The second-biggest cryptocurrency in terms of market cap is looking to break its resistance of $1,800 and reach $2,000 in the next leg. However, will the current market rally sustain and push ETH above the $2,000 mark? Let’s find out! Also Read: Crypto Bank Anchorage Digital Lays-off 20% Employees Ethereum: Will The Latest Rally Sustain? Source: newsbtc.com Both Ethereum and Bitcoin reached their years highs, delivering decent returns to investors this month. The spike comes after two cryptocurrency-friendly banks Silicon Valley bank and Signature Bank’s closure. The development led to the depegging of various stablecoins but the sentiment improved after the 1:1 USD was repegged. ETH s rise could be attributed to the positive sentiments retur...

Ethereum Could Reclaim $2,000 if This Condition Is Met: Trader

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The Federal Reserve raised interest rates by 25 BPS on Wednesday and the markets reacted positively to the development. After the FOMC meeting, Bitcoin climbed above $24,000 and Ethereum is gearing up to reach the $1,700 mark. The overall cryptocurrency markets remain in the green making way for February to rally substantially. Also Read: Bitcoin To Reach $30,000 in February 2023? BREAKING: 🇺🇸 Federal Reserve raises interest rates by 25bps. — Watcher.Guru (@WatcherGuru) February 1, 2023 Ethereum Could Reach $2,000: Under This Condition, Says Trader Source: The Block David Keller, President of Sierra Alpha Research, claims Ethereum could reclaim $2,000 under one condition. The condition is simple: ETH should continue the momentum and break its resistance level of $1,700. Ethereum was rejected near $1,700 on Thursday making it briefly retrace in price to $1,675. The world’s second-biggest cryptocurrency with a market cap of $201 billion needs ...

Which Top Coins Outperformed Bitcoin & Ethereum in 2022?

XRP and Dogecoin (DOGE) have emerged as some of the best-performing cryptos of the year, eclipsing the likes of Bitcoin (BTC) and Ethereum ( ETH ). DOGE had its moments throughout the year, but most of it was hanging on Tesla CEO Elon Musk’s support. However, this does not mean that DOGE did not lose value. Almost all crypto tokens have plummeted this year, with the dog-themed coin being one of them. XRP and Dogecoin emerge on top XRP fell by 57% in 2022, while Dogecoin (DOGE) fell by 58%. Both of these tokens have performed better than Bitcoin (BTC), which fell by 65%, and Ethereum (ETH), which dropped by 67%. While DOGE was rallying with Musk’s support, XRP gained traction as the SEC vs. Ripple lawsuit verdict began to incline towards the crypto firm. Non ETH eless, XRP is almost 90% down from its all-time high of $3.40, attained in January 2018. Similarly, DOGE is 90.4% down from its all-time high of $0.731578, achieved in May 2021. At press time, XRP was trading at ...