Author: Crypto News Live

contributor Posted: November 17, 2024 A recap of how Ethereum has been lagging behind compared to some of its top rivals. Why Bitcoin dominance could be the key to ETH unlocking explosive growth. Ethereum [ETH] became the subject of criticism recently, with many accusing the king of altcoins of underperforming. But things could change soon — one main catalyst could be Bitcoin’s [BTC] dominance. Ethereum gained roughly $100.61 billion in its market cap from its lowest point so far this month. In contrast, Bitcoin gained over $480 billion in market cap during the same period. Perhaps the biggest measure of…

Ethereum continued to trade in the $3,000 price zone. However, the ETH/BTC pair broke support for the first time since 2016. Ethereum’s [ETH] ongoing struggle against Bitcoin [BTC] continues to dominate market discussions, as its ETH/BTC pair remains in a precarious position. Recent data revealed that Ethereum’s native token, ETH, was hovering around critical support levels against Bitcoin, while staking trends showed continuous inflow. Here’s what the charts tell us about Ethereum’s trajectory and market health. Ethereum testing key resistance Ethereum’s ETH/BTC pair has experienced a modest recovery from its recent dip, trading at 0.03469 BTC at the time of…

Journalist Posted: November 17, 2024 A crypto VC projected a positive outlook for ETH in the long run.  Large players expected $2.7K-$4K price swings before the end of 2024.  Chris Burniske, a partner at Placeholder, has reiterated a positive outlook for Ethereum [ETH] despite its current challenges and FUD.  According to the VC, Ethereum has lagged behind Solana [SOL] and Bitcoin [BTC] but still had a formidable lead in disrupting traditional Finance (TradFi). He said,  “Solana & others will come for the IFS, too (already are), but Ethereum has a solid foundation as it’s over a decade old, with brand…

Este artículo también está disponible en español. Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive recovery and growing strength. He emphasized that if current momentum…

With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, climbing an impressive 90.74% compared to the previous week. Ethereum and Bitcoin NFT Collections Fuel a $179M Weekly Bonanza From Nov. 9 to Nov. 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 blockchains, amassing $67.72 million in sales over the seven-day period—126.79% higher than last week’s figures. Bitcoin-focused NFTs secured the second position with $59.96 million in sales, representing a 129.22% boost. Solana-based digital collectibles rounded out the top three, recording $24.39 million in sales, up by…

Investors started to accumulate ETH when altcoin’s price dropped from $3.4k NVT ratio revealed that Ethereum was undervalued on the charts Ethereum [ETH], the world’s largest altcoin, hit a new high on a particular front this week, a high unseen for more than a year. Notably, it happened while the market recorded a slight pullback on the charts. Will this latest development change the scenario again in ETH’s favor? Ethereum hits a milestone! IntoTheBlock, recently shared a tweet revealing an interesting update. The tweet revealed that Ethereum recorded a massive hike in outflows last week. To be precise, the number…

Earthlings, a Web3 gaming platform, has officially launched ‘STEAM RUNNER’, a Play-to-Earn (P2E) mobile game. The new game rewards players with the $STEAM token for their achievements on iOS and Android. Designed to maintain community engagement and attract early players, this game is an engaging add-on while the full Earthlings game continues developing. We’re excited to announce the launch of STEAM RUNNER from @earthlingsland, a Play-to-Earn (P2E) mobile add-on game that enables gamers to earn the STEAM token on the @Hedera network 🌎 pic.twitter.com/5XdkOjHtw6 — HBAR Foundation (@HBAR_foundation) November 15, 2024 The $STEAM token, powered by the Hedera network, is…

Trading at a support level defined by the Fibonacci retracement line at press time, ETH is likely to breach this level soon. Positive netflows and an increase in active addresses suggest strong investor activity, despite the short-term bearish pressure. In the past month, Ethereum [ETH] has rallied by 18.56%, underscoring bullish momentum. However, a 3.63% decline has begun, and this dip is expected to deepen briefly before ETH finds support. Market sentiment and technical indicators still favor a potential rally once this consolidation phase concludes, keeping the long-term outlook bullish. Slight decline could propel ETH to new highs At the…

Crypto battle royale shooter Off the Grid has started handing out $3,000 in cash every day, split between its top 10 players across platforms. On top of this, top video game streamers are set to battle it out for a $600,000 prize pool next week in a livestreamed competition. Avalanche-based third-person shooter Off the Grid drops players into a faux reality TV show experience, where everyone is strapped with powerful robotic limbs in a bloodthirsty showdown. The extraction-focused battle royale game launched in early access to buzzy excitement in October, becoming the top free title on the Epic Games Store…

Bitcoin and Ethereum ETFs saw outflows for the first time post-Trump’s victory. Despite recent outflows, analysts predicted potential price surges for Ethereum and Bitcoin ETFs. Donald Trump’s victory as the 47th President of the United States sparked a significant surge in the cryptocurrency market, with Bitcoin [BTC] surpassing its previous all-time highs and altcoins following suit. This bullish momentum was accompanied by a wave of investments into spot Bitcoin and Ethereum [ETH] exchange-traded funds (ETFs), reflecting growing investor confidence. Ethereum and Bitcoin ETF update From November 5th to 13th, Ethereum ETFs saw substantial inflows of $796.2 million. Bitcoin ETFs had…