A strategist at JPMorgan stated that ether’s fair value is way lower than its current price. According to a set of measurements based on network activity, he calculated ether’s value at $1,500, 55% lower than its market price. One of the reasons argued for this assessment, is that Ethereum is not so unique anymore, and…
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The issue of high gas fees rears its head up for the Ethereum community yet again as “Ethereum killer” networks continue to gain more attention. The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains…
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On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from Wormhole V1 to V2. Wormhole…
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In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been…
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Meanwhile, the SOL’s latest downside move forms a classic bullish continuation structure, with a profit target above $250. Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders’ confidence. The SOL/USD exchange rate fell up to 13.27% to…
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Bitcoin is sustaining above its immediate support, but several altcoins are showing signs of profit-booking. Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong…
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A blockchain network can excel at security or speed — but not both — Solana’s Yakovenko tells Cointelegraph, as the network is betting on speed. There was a lot of talk at SALT Conference 2021 about Solana Labs, the supersonic racer of layer-one blockchain networks. Not surprisingly, much of that conversation centered on speed —…
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“The Market Report” with Cointelegraph is live right now with special guest Charlie Burton, a veteran trader and the co-founder of Ezeetrader! Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) once again…
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SolBlocks admits that while they did pirate the code, their NFTs are not copies of Tyler Hobbs’ Fidenza collection. Tyler Hobbs, the artist behind the popular generative NFT series Fidenza has slammed a Solana-based project for utilizing his code to produce knock-off artworks without his approval. The Fidenza series is a curated drop of 999…
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Buyers continue to scoop up Bitcoin and altcoins on dips, a signal that there is strong demand at lower levels and that bullish momentum is building. Bitcoin (BTC) is leading the recovery in the crypto sector and the cryptocurrency briefly rallied to $48,429 on Sept. 15, before pulling back to test the underlying support levels.…
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