The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Blockchain

Ethereum’s Address Activity is Growing Again Following the Recent Panic Selloff

by Miki 06/02/2021
by Miki 06/02/2021 0 comment

Ethereum (ETH) has been on a negative trajectory ever since the second-largest cryptocurrency dropped from the recent all-time high (ATH) of $4,350. ETH was trading at $2,661, according to CoinMarketCap.

Nevertheless, Santiment has acknowledged that Ethereum is gaining momentum as address activity in this network is growing again. The on-chain metrics provider explained:

“Ethereum’s address activity is growing again, & the amount of active deposits that were prevalent during the major panic selloff last week has died down. The crowd sentiment is bearish, which is a good sign for the bulls.”

The Ethereum network is also being boosted because the number of addresses holding more than 0.01 ETH reached a record-high of 15,741,620. 

Ethereum options spiked in May

According to crypto data provider Documenting Ethereum:

“Monthly Trade Volume of Bitcoin & Ethereum options. Ethereum volume spiking in May.”

Image

On the other hand, the mean fee paid on the ETH network hit a 4-month low of $6.73.

Ethereum has been grappling with the challenge of high gas fees, which at one time became unbearable for those general traders.

The launching of ETH 2.0 in December 2020 is expected to tackle this problem, given that it will transit the present proof-of-work (POW) consensus mechanism to a proof-of-stake (POS) platform. Furthermore, scalability and efficiency are to be boosted. 

Meanwhile, the world’s first Ether Exchange Traded Fund (ETF) by Purpose Investments surpassed 50,000 ETH on May 29.

The Ether ETF is a type of security that tracks the overall price of ETH. It enables investors to trade and purchase shares of it on traditional exchanges or circumventing crypto trading platforms.

Therefore, it was expected to offer investors a simple, affordable, and efficient way to attain direct exposure to ETH with the convenience of eligibility in any investment account.

Image source: Shutterstock



Source link

Views: 0
ActivityAddressEthereumsGrowingPanicSellOff
Share
0
FacebookTwitterPinterestEmail
previous post
XRP Price Rockets 15% To $1 As Ripple Stops SEC From Accessing Its Legal Communications ⋆ TCNW
next post
Pepe the Frog Creator Launches NFTs Featuring the Infamous Internet Meme

Related Posts

Iran Bans Crypto Mining to Avert Major Blackouts...

12/29/2021

Italian Sports Car Maker Ferrari Inks Multi-Year Deal...

12/29/2021

ProShares Files for New Metaverse ETF With U.S....

12/28/2021

Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute...

12/28/2021

Binance Trading Platform Licenses in Bahrain, Canada

12/28/2021

Tokenized Bitcoin in Circulation Nears a Half Million...

12/28/2021

Ethereum 2.0 Full Upgrade Will Prompt a 1%...

12/28/2021

Iranian Crypto Miners get Cut Off as Country...

12/28/2021

Kraken Develops NFT Trading Platform, Offering Token-Backed Loans

12/27/2021

Crypto Review 2021 | Blockchain News

12/27/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments

  • Metaverse Platform The Sandbox Raises $93M in NFT Funding Round Led by SoftBank

  • Fidelity Approved As Canada’s First Crypto Custodian, Is A Bitcoin ETF Next?

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,020.00-3.45%
  • ethereumEthereum(ETH)$1,957.30-4.68%
  • tetherTether(USDT)$1.00-0.24%
  • usd-coinUSD Coin(USDC)$1.00-0.13%
  • binancecoinBNB(BNB)$292.12-3.36%
  • rippleXRP(XRP)$0.406762-4.15%
  • Binance USDBinance USD(BUSD)$1.00-0.22%
  • cardanoCardano(ADA)$0.52-9.11%
  • SolanaSolana(SOL)$50.02-8.59%
  • dogecoinDogecoin(DOGE)$0.085353-4.22%
  • polkadotPolkadot(DOT)$9.83-8.45%
  • AvalancheAvalanche(AVAX)$30.61-8.48%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,996.00-3.46%
  • Lido Staked EtherLido Staked Ether(STETH)$1,932.88-4.45%
  • tronTRON(TRX)$0.069757-0.17%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-3.65%
  • daiDai(DAI)$1.00-0.18%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$67.45-4.43%
  • CronosCronos(CRO)$0.187164-4.27%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.930.23%
  • matic-networkPolygon(MATIC)$0.64-7.25%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.97-10.04%
  • FTX TokenFTX Token(FTT)$30.17-5.10%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$192.81-4.73%
  • RareRare(RARE)$0.0461220.00%
  • stellarStellar(XLM)$0.131493-4.13%