Ethereum [ETH] overtakes reigning champion Cardano [ADA] in terms of...
It also saw deposits surge from about eight million in mid-May 2022 to a press time value of over 13 million.A necessary update, including the Bellatrix network upgrade and merged transition configuration. As per the release, all mainnet users must upgrade by 6 September.Not to forget, token circulation doesn’t show the most vital signs especially when it comes to circulation rates in a bear market.
As we’ve seen since late June, some coins have actually shown great recovery signs , while others are really lagging behind .Source: Santiment Herein, ETH saw a major up and down circulation throughout its past two years. According to Santiment’s“May, 2020 through May, 2021 was clearly the #2 market cap asset’s time to grow. And even once it hit some volatility from June 2021 to November, 2021, its shaky circulation was still enough to allow it to hit an all-time high.”
However, apart from the said timeline, ‘there has been some pretty shaky circulation on the network and a lot of concerning red bars throughout 2022.’Read the best crypto stories of the day in less than 5 minutes
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum: What could be the impact of Merge on ETH tradingEthereum has occupied the center stage of the crypto market since Merge talks came to the fore. After years of speculation, users will finally get a chance to witness Ethereum’s transition to Proof-of-Stake (PoS) consensus mechanism. And, the benefits that come along with it. Interestingly, the Merge is expected to have a profound effect on […]
Read more »
ETH 2.0: All the latest development investors could capitalize onWith eight days till the end of August, the start of the next month comes with increased anticipation for the most significant event within the blockchain ecosystem in the last year – the Ethereum Merge or, as many put it, “Ethereum 2.0.” With 15 September confirmed as the date for the eventual transition of the […]
Read more »
Is Tron outcompeting BTC, ETH? The answer might startle youIn a recent tweet, the official Twitter account of TronDao informed how they outcompeted major cryptocurrencies. TronDao was ranked number one for the total number of active addresses compared to BTC, ETH, and XRP. One of the reasons why the crypto community has been using Tron for a lot of their transactions could be its […]
Read more »
Ethereum Merge - biggest event in crypto since the first Bitcoin? ETH Price to reach new highs?This is part 2 of a three-part interview. Part 1 is here: https://youtu.be/1-wFHKzihjEStay tuned for part 3. Ran Neuner, host of Crypto Banter, and Steven Si...
Read more »
Ronin Bridge Hack: $625M in stolen crypto-funds now on Bitcoin networkAccording to the latest report by blockchain developer and researcher BliteZero, Ronin hackers have transferred the stolen assets from the Ethereum network to the Bitcoin network. Following the Ronin bridge incident in March, the hackers moved $625 million worth of USDC and ETH to the Ethereum-based crypto-mixer Tornado Cash. This made it challenging for law […]
Read more »
CryptoPunks is ailing, but here’s what investors can seekLast week, the Ethereum floor price of the Bored Ape Yacht Club (BAYC) NFT collection dropped to 65 ETH. Data from NFT Floor Price revealed the drop to be the lowest level since the beginning of the year. With a continued downturn in the general cryptocurrency market, stats from CoinGecko showed that BAYC’s floor price […]
Read more »