Category: Cryptocurrency News

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NFTs are moving into the mainstream, but this requires a streamlined and trustworthy experience for the general public’s mass adoption.

Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees. Users globally constantly complain about the coin’s terribly-high transaction prices on various social media platforms. Shockingly, Santiment, an on-chain and metrics platform, published on Twitter a report showing Ethereum’s transaction prices plummeting to their lowest. The Ethereum Platform Ethereum is a distributed, permissionless, and open-source blockchain that provides users access to a smart contract. It is the second-largest blockchain by market capitalization, following crypto giant Bitcoin. Related Reading | Bitcoin Dominance Remains High As Market Sell-Offs Settle Remarkably, Ethereum offers a p2p (peer-to-peer) network that verifies and executes codes within the platform, known as Smart Contracts. Ethereum GAS Price On the Ethereum network, users are charged some amounts to perform any transaction, buying, selling, swapping, minting, etc. Ethereum previously had a ridiculous record for having very high gas fees for its transactions. Recently, the crypto giant began offering meager transactional charges to its users, as recorded by Santiment. Santiment is a financial market content and data platform for blockchains and cryptocurrencies. The metric platform took to Twitter the news of Ethereum’s meager transaction prices. As of Tuesday, 24th May, the second-largest blockchain had a transaction price of $2.54 a transaction. What’s Next For Ethereum According to Santiment, this is the lowest the transaction fees have been since last July. Therefore, it may be unique for ETH prices. Historically, ETH coin prices usually leap once the average transactions drop below $5. Ethereum’s average gas fees have plummeted, breaking its 10-months low. Nevertheless, traders still need to be careful while trading and transacting with the crypto because the market is presently disadvantaged. Thus, a considerable leap might not occur given the current global bearish market. Various crypto pundits and financial analysts project that Bitcoin is about to dip massively, predicting a further dip. Mike Novogratz was among the “prophets of doom” for the world’s leading blockchain and crypto. Novogratz, a financial investor, took to Twitter, stating that further dips await Ethereum and Bitcoin and the entire DeFi market. In his tweet, he emphasized that 2022 will not be so favorable for investors and traders. Related Reading | Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000 Noting that Bitcoin controls the value of the entire DeFi marketplace, if Bitcoin dips, being the most significant blockchain, the whole market dips. This includes the Ethereum blockchain. Featured image from Pexels, chart from TradingView.com

If you want to invest in a cool GameFi and be rest assured of the future without stress, just try and explore the varieties in the game features. #ARCADELAND #CRYPTO #BTC #ETH submitted by /u/waylonstein [link] [comments]

(NOT FINANCIAL ADVICE). Ever heard the old phrase ' buy the rumour sell the news? ' That applies to crypto like x100. If something is talked about or hyped, especially by major news outlets or by everyone and their mother, you've missed the boat… This doesn't mean there's no other chances, just look for signs.…
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So the new LUNA just dropped and surprisingly price is already crashing, as we speak LUNA v2 is trading at $6.10 from a high of $17. This was kind of expected as people who lost money on the previous LUNA are trying to recoup some of their losses through the airdrop, so expect more volatility…
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An interesting thread on OceanProtocol $OCEAN is unlocking big opportunity of monetising your data, it's V4 is coming on 8th of June which is 11 days away from today Today i am going to show you something very interesting,this thread is for all the people including those who find Ocean a good coin to hold…
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… on Terra (2.0) Let's do a quick recap: Launch a algorithmic "stablecoin" backed by almost nothing Offer !riskless! 20% intrest to holders of that stablecoin (Ponzi anyone?) Ignore every warning about your "stablecoin" beeing not stable at all Your "stablecoin" loses its peg Blame "attackers" Sell your assets that are supposed to back your…
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PRESS RELEASE. In another groundbreaking achievement, the blockchain-based metaverse platform Dvision Network has just announced its official onboarding on Binance Custody. As such, Binance’s custody services arm will support deposits and withdrawals of Dvision’s native token, DVI, on its platform. The support for DVI token on Binance Custody will be provided in a cross-chain manner, […]