Category: Ethereum News

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BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

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Key points: Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up. Several altcoins have bounced off their respective support levels, signaling a positive sentiment. Analysts expect Bitcoin to maintain its positive momentum and surge above $200,000 by the end of the year. Bitcoin (BTC) rose to a new all-time high on May 21 on easing macroeconomic fears and continued inflows into the US-based spot Bitcoin exchange-traded funds. Analysts expect the momentum to continue and Bitcoin to surge…

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BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

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Key points: A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000. Ether continues to gain strength, which is being mirrored by many altcoins. Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher. Market intelligence firm Santiment highlighted in a post on…

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Solana co-founder proposes meta chain to fix blockchain fragmentation

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Solana Labs co-founder Anatoly Yakovenko proposed a new data availability (DA) solution to improve persistent fragmentation and lack of interoperability across blockchain networks. In a May 12 post on X, Yakovenko proposed a “meta blockchain” to aggregate and order data posted across multiple layer-1 chains, including Ethereum, Celestia and Solana. “This would actually allow the meta chain to use the cheapest currently available DA offer,” Yakovenko said. Data availability layers are third-party solutions ensuring that blockchains have the necessary data to validate transactions. Source: Anatoly Yakovenko Blockchain interoperability is one…

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Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

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Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post, CoinGlass said that Bitcoin’s rally resulted in $837.80 million in short liquidations in a 24-hour period, the largest since 2021. Bitcoin’s rally also lifted several major altcoins, which soared above their respective overhead resistance levels.…

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Price predictions 5/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

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Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment.  Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout level of $95,000 on May 4, indicating profit booking at higher levels. The bulls tried to push the price back above $95,000 on May 5 but are facing stiff resistance from the bears.  Glassnode senior…

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Crypto to accelerate AI adoption — LONGITUDE panel

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Cryptocurrency can accelerate artificial intelligence adoption by helping AI startups onboard users, according to Polygon’s co-founder Sandeep Nailwal. “You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal said during a panel discussion at the LONGITUDE by Cointelegraph event. He added that projects with effective onchain incentive structures might even “build a better AI because you have this incentive engine that brings in developers,” Nailwal said on May 1. Cointelegraph’s LONGITUDE is an event series that brings together leaders and innovators from the blockchain and…

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Ethereum community members propose new fee structure for the app layer

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Two Ethereum community members, Kevin Owocki and Devansh Mehta, proposed a dynamic fee structure for the Ethereum application layer to strike a balance between revenue generation for app builders and fairness in fee extraction. The April 27 proposal outlined a simple equation that uses a square root function that proportionally lowers the percentage of fees as the funding capital allocated to a particular project grows. Owocki and Mehta explained: “For smaller funding amounts, the fee follows a square root function (sqrt(1000 x N)), providing proportionally higher returns to make building…

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Price predictions 4/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, SUI

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Key points: Bitcoin’s rally is backed by solid institutional buying in the spot BTC ETFs. A rally above the $95,000 level could be difficult, but analysts’ end-of-year price projections now extend to $200,000. Select altcoins are showing signs of a price bottom. Bitcoin (BTC) price rallied close to the $95,000 resistance level on April 23 as the cryptocurrency finds support from rising spot BTC ETF inflows and positive macroeconomic news in the United States. According to Farside Investors, the funds recorded net inflows of $381.3 million on April 21 and…

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Every chain is an island: crypto’s liquidity crisis

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Opinion by: Jin Kwon, co-founder and chief strategy officer at Saga Crypto has come a long way in boosting transaction throughput. New layer 1s (L1s) and side networks offer faster, cheaper transactions than ever before. Yet, a core challenge has come into focus: liquidity fragmentation — the scattering of capital and users across an ever-growing maze of blockchains. Vitalik Buterin, in a recent blog post, highlighted how scaling successes have led to unforeseen coordination challenges. With so many chains and so much value splintered among them, participants face a daily…

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Ethereum market share nears historic lows as ETH price risks falling to $1,100

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Ether’s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100. Ethereum’s market dominance keeps falling On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to Cointelegraph Markets Pro and TradingView data.  This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019. “Ethereum dominance is so very close to registering new all-time lows,” said popular crypto analyst…

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