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Three Key Reasons Why You Should Buy Ethereum
Launched in 2014, Ethereum is currently the second-biggest cryptocurrency in the market. With a market valuation exceeding $400billion, it ranks only second to Bitcoin. As the leading altcoin (A term used to refer to all cryptocurrencies other than bitcoin) Ethereum continues to cement its place as the cryptocurrency of the future. With the numerous crypto in the market today, it has become hard to make sense of investment options and decisions. Most investors are left with the option of making decisions based on social popularity. Ethereum Value Proposition Most analysts today agree that Ethereum is one of the most adaptive cryptocurrencies in the market. It has positioned itself as the…
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Why The Recent Ethereum Price Gain is Set to Continue
Introduction For Ethereum, 2021 has been a year full of mixed fortunes. It all started with a huge bull run that saw its price hit over $4,200 during the first half of the year. This jump was later followed by a huge price correction resulting in price halving. Soon after, the market seems to be on a recovery journey. Every day, it is edging closer towards getting back to its all-time high in May. This time though, the market seems poised to get even higher. Several factors are supporting this gain and most of them will be key to sustaining in the future. High Inflation levels Inflation levels have been…
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Why a $10,000 Ethereum Is Possible In 2022
A $10,000 Ethereum remains elusive but this might not last for long. Some key indicators are pointing towards a huge price gain soon that could propel Ether towards or even past this key milestone. No one can predict the future but through evaluation of the past and current market conditions, you can get an idea. As an investor, your task is not to be accurate but to always have a higher probability of being right. Since its launch in 2014, Ethereum has risen to dominate the cryptocurrencies market. Currently, it ranks number two after bitcoin. However, some investors believe it is a matter of time before it takes the pole…
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Ethereum: You Should Use The Latest Fall in Price As a Buying Signal
Introduction Ethereum price has been a casualty from the latest sell-off in the cryptocurrency market. This has resulted in the wiping of at least $150 billion from the market. This drop has seen the asset trade below the highs of $3000 at the beginning of September. Sell-off causes panic in the market. However, for an experienced trader, this is an opportunity to buy more. Huge price gains and price drops in the crypto markets is a common occurrence. However, the market, in general, has been bullish. A trend that is highly likely to continue shortly. Ethereum ranks as the number two cryptocurrency in market valuation. A position it has maintained…
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Poly Network Hacker Offers to Return the Stolen $600 Million After Saying He Did it For Fun
The hack Poly network hacker behind the stealing of over $600 million has promised to return the funds. The hacker said he only took the funds for fun to expose weakness in the network. Poly Network is a decentralized finance network (DeFI) that allows the transfer of funds between different blockchains. Decentralized finance is a blockchain functionality that allows the development and deployment of various financial solutions. These include; Saving services, lending services, and money transfer services. The poly network facilitates movements of funds between various wallets when you transact on the cryptocurrencies. Communication Previously, there have been attacks on blockchain networks. However, this is the biggest attack on a…
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