The recent analysis by Santiment reveals a significant drop in transaction fees for Ethereum, with the average cost reaching as low as $1.12. This marks the lowest daily average cost since October 18th, 2023. The correlation between transaction fees and market sentiment has sparked discussions within the crypto community, highlighting the impact of investor confidence
Ethereum
The recent dip in the crypto market has caused waves across various meme coins, with Bonk (BONK) experiencing an 8% decline. This drop comes amidst a broader pullback influenced by the performance of key players like Bitcoin (BTC) and Ethereum (ETH). As of the latest update, Bonk is trading at $0.00002427, marking a significant decrease
Yuga Labs, a prominent player in the crypto space, rose to fame in early 2021 with the launch of its popular Bored Ape Yacht Club NFT project on Ethereum. The company soared to a peak valuation of $4 billion during a $450 million funding round in 2022. However, recent developments have cast a shadow over
In a recent article by Nikita Ovchinnik, the Co-founder at Barter DeFi, the future of decentralized finance (DeFi) has been called into question due to regulatory action taken by the SEC against Uniswap. This action has raised concerns about the regulation of DeFi platforms and the potential impact on the industry as a whole. The
Google Cloud, the cloud computing arm of tech giant Google, has recently introduced a new platform tailored for blockchain developers. The Web3 portal is designed to assist developers in creating non-fungible tokens (NFTs) and decentralized applications (DApps) by offering a variety of resources and support. The Web3 portal by Google Cloud is a step towards
In a recent survey conducted by accounting firm KPMG, it was found that institutional investors in Canada have significantly increased their exposure to cryptocurrencies compared to the previous bull market cycle. This trend indicates a growing interest in alternative asset classes as a hedge against debasement and as reliable stores of value in the face
The recent surge in Ethereum withdrawals from centralized exchanges has raised questions about the direction of investor sentiment in the crypto market. With a significant amount of ETH being withdrawn, it is crucial to analyze what this could potentially mean for the price of the cryptocurrency. Investors are making strategic moves to secure their positions
In the recent surge of meme coin popularity, ELON, a token inspired by Elon Musk, experienced a massive price increase of 229 times overnight. Despite the lack of an official connection to Elon Musk, the token has gained significant traction and is currently trading at $0.0000398 with a 24-hour change of +68.35%. The initial launch
In the past 24 hours, Ethereum (ETH) has witnessed a significant 5% decrease in price. This decline has raised concerns among investors and analysts, particularly in light of the looming decision by the US Securities and Exchange Commission (SEC) regarding the approval of Ethereum ETFs. Recent reports have suggested that the SEC is likely to
As the Cardano (ADA) price struggles and falls out of the global top 10 crypto rankings, investors are left wondering if it is still worth holding onto their ADA holdings. The current price of ADA hovers just above $0.50, down close to 3% on the day. Despite a recent rebound from mid-month lows, ADA’s market