Analyst Predicts Ethereum (ETH) Bounce, Updates Outlook on XRP and Fantom (FTM)

Widely followed crypto analyst Michaël van de Poppe is predicting what might be in store for a trio of popular altcoins. Van de Poppe tells his 613,800 Twitter followers that leading smart contract platform Ethereum (ETH) appears to have decent momentum after rallying back from monthly lows under $1,000 on June 18th and 19th. “Great The post Analyst Predicts Ethereum (ETH) Bounce, Updates Outlook on XRP and Fantom (FTM) appeared first on The Daily Hodl.

Timeline of Ethereum, Fantom, Xrp

Brooks Entwistle, SVP of Global Customer Success and the Managing Director for APAC & MENA at Ripple, talked about “crypto winter” on day two of the week-long 2022 Aspen Ideas Festival (AIF) being held in Aspen, Colorado. Before joining Ripple in March 2021, Entwistle “served as Chief Business Officer International for Uber, responsible for business

Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset.

Ethereum has seen some selling pressure today and has rolled back on a portion of its gains. The cryptocurrency was bouncing back from below the $1,000 levels but has found hurdles on lower timeframes.

Enthusiasm in the crypto market died down when hit by the recent sustained market downturn, as clearly shown by Ethereum's (CRYPTO: ETH) on-chain fundamentals. What Happened: Ethereum is seeing significantly less use than it has on average over the last two years.

An altcoin project built on Ethereum that has been relatively quiet for some time is in the middle of an explosive rally as it outperforms the rest of the crypto markets. Stratis Platform is an Ethereum-based, decentralized blockchain platform aimed at enabling Microsoft developers to build applications on top. The Stratis code is based on The post Ethereum Altcoin Project Rockets 160% Following Announcement of New NFT and Gaming Developments appeared first on The Daily Hodl.

What happened: On Monday a total of 3,779.50 Ether (CRYPTO: ETH) worth $4,495,824, based on the current value of Ethereum at time of publication ($1,189.53), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

A transition to a fully proof-of-stake (PoS) consensus mechanism, dubbed "the merge" by cryptocurrency enthusiasts, won't fix Ethereum's (CRYPTO: ETH) issues, according to CoinDesk citing a Morgan Stanley analyst report. What Happened: A switch to PoS will not address the network's scalability issues pertaining to its low transaction throughput and high transaction costs.

ETH has managed to remain above the $1,200 level on Tuesday, despite an increase in price uncertainty in crypto markets. BTC fell below $21,000 in today's session, as the global crypto market cap fell by as much as 2% earlier today. Bitcoin Following a marginally bearish start to the week, downward pressure intensified in today's

Ethereum (ETH) has recovered steadily after slumping below $1,000 earlier this month, as traders rushed in to accumulate the token at lower levels. ETH is trading at $1,225- up nearly 27% from a low of $897 touched earlier this month.

Ripple vowed to leave the US if the SEC wins the case In court, according to CEO Brad Garlinghouse as we can see more today in our latest Ripple news. Brad Garlinghouse doesn't have a doubt about what to do if Ripple loses the case against the SEC.