All good things come at a cost—and in this case, skyrocketing prices across the crypto market have also triggered an equally steep rise in Ethereum gas fees. On Ethereum, massive levels of network traffic pushed gas fees beyond 174 gwei by midday Monday according to Etherscan, incurring significant costs for traders attempting to complete various types of transactions within the blockchain’s ecosystem. To give an indication of the severity of the gas fee uptick: The average charge to complete a typical NFT transaction on Ethereum eclipsed $372.29 at certain points on Monday. This means users, even if they were swapping…
Author: Web3 Daily Press Staff
IOTA (IOTA) Receives a Bullish Rating Monday: Is it Time to Get on Board? InvestorsObserver This news is republished from another source. You can check the original article here
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In crypto, Ethereum (ETH), Dogecoin (DOGE), and Kelexo (KLXO) continue to play a pivotal role. With Ethereum standing strong in the face of its regulatory problems, Dogecoin is riding the meme coin boom. Amidst this, Kelexo plans to disrupt decentralized finance with practical solutions Ethereum ready for the next ride up? One of the co-founders of Ethereum, Joe Lubin, recently expressed his excitement for the future of cryptocurrencies. Viewing it as a component of the next big cycle, he…
DeFi came out big time this year at ‘best ETHDenver ever.’Bitcoin advocate Robert F. Kennedy Jr. made his pitch for crypto-loving voters.Interoperability is back as borders between crypto projects blur.Crypto conferences are one of the few times investors get to see the faces behind the $2.5 trillion industry.Among these exposures, ETHDenver is the biggest — last year saw 15,000 attendees from more than 115 different countries.With an increasingly saturated circuit of crypto events spanning several continents, you might think attendees would be getting bored — not so. Creating a decentralised, permissionless, and scalable way to transact value is an iterative…
The crypto marketing has been surging over the last few days. As it rises, so do old and new projects alike as they begin to see their income and not just their expenses skyrocket over the last few days. But even in a market where some projects are starting to appreciate, investors are always on the lookout for the best possible projects. They keep an eye out for projects that have a chance of giving them not just regular returns but massive ones. Three projects that have investors looking at them with interest are: Avalanche (AVAX), Chainlink (LINK), and DeeStream…
Published: March 4, 2024 at 10:00 a.m. ET All large cryptocurrencies were up during morning trading on Monday, with Dogecoin Dogecoin USD seeing the biggest move, rising 9.07% to 17 cents. Cardano Cardano USD rose 8.12% to 79 cents, while Bitcoin Bitcoin USD climbed 5.48% to $66,273.30. Ripple XRP USD and Polkadot Polkadot USD rose 4.37% to 66 cents and 3.09% to $10.09, respectively…. All large cryptocurrencies were up during morning trading on Monday, with Dogecoin DOGEUSD seeing the biggest move, rising 9.07% to 17 cents. Cardano ADAUSD rose 8.12% to 79 cents, while Bitcoin BTCUSD climbed 5.48% to $66,273.30.…
Bitcoin Cash (BCH) gets a bullish rating from InvestorsObserver Monday. The coin is down 4.98% to $460.12 while the broader crypto market is up 4.01%. Bitcoin Cash has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Bitcoin Cash! The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip. Bitcoin Cash price is trading near support. With support set around $453.9 and resistance at $519.89, has…
Following Bitcoin’s (BTC) rally—hitting $63,000 earlier this week—it is clear that this is the start of a bull market. It is just a breath away from its all-time high (ATH) of $68,000, with its next jump likely to usher in a new high. Exciting times ahead. At the same time, Binance Coin (BNB) has been mirroring the overall rally, jumping past $400 and adding to the market excitement and optimism. Not to be left out, InQubeta (QUBE), an emerging AI altcoin, has been a subject of much interest in the ICO world. Recently blazing past $10.6 million in presale, it…
Ethereum’s Layer 2 ecosystem barely existed a few years ago, yet at the end of last year, transacting addresses on the largest L2s had risen to nearly five million per day – a 400% increase over the previous year. While the roots of some technological innovations are endlessly disputed, the genesis of the L2 story can be traced back to a single event in December 2017. Cryptokitties, the first game based on Ethereum’s then-shiny new toy – NFTs – had just been released, and the cryptosphere had gone wild for it. So much so that it crashed Ethereum, caused gas…
Bitcoin hit a new all-time high Monday against the euro, surpassing 60,000 euros (approximately $65,000) according to Coinbase and CoinMarketCap. Coinbase clocked bitcoin’s new record euro price at 60,549.61 euros early Monday. CoinMarketCap’s figure was not far off at 60,417.87 euros. Kraken and data firm TradingView came in at the lower end of the range, clocking a new high price of 60,393.00 euros Monday. Bitcoin’s previous record high against the euro was set in September 2021, months ahead when most exchanges and data providers recorded bitcoin’s all-time high against the dollar in November 2021. TradingView has bitcoin’s previous high against…