Ether Soars In August—But Will September Spoil The Party?
Ethereum’s rally this month has been sharp, but traders are being warned to watch September closely. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Ether climbed about 20% since the start of August, trading at $4,745 at the time of publication. Prices even pierced $4,860 after dovish remarks from US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, a move that many in crypto see as a possible spark for more gains. Historic September Pullbacks According to CoinGlass, history offers a cautionary note: there have been only three....
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Solana is holding its dominance in decentralized finance with a striking performance in July. Reports indicate that DEX activity on its network hit $124 billion during the month, extending a winning streak against Ethereum to 10 straight months. Analysts say this gives Solana a 40% edge over its rival in this segment, signaling a clear shift in user behavior. Related Reading: Ether Soars In August—But Will September Spoil The Party? Shift To Solana Picks Up Speed Reports have disclosed a sharp rise in new projects choosing Solana. Alliance DAO data show that more than 40% of founders in....
Investor excitement ahead of the CME's planned ether futures contract is one reason for the price push.
Ether has entered a bearish range that preceded a 35% price crash in the April–May 2022 session. Ethereum’s native token, Ether (ETH), recorded better gains than Bitcoin (BTC) over the past 24 hours despite the latter finally rising above the key $20,000 level.Ether beats Bitcoin in risk-on rallyOn the daily chart, Ether jumped approximately 14% to reach its weekly high of $1,554 (data from Binance) on Oct. 26. Bitcoin underwent a similar rally, but its week-to-date profits are just 6% by comparison. The ETH/BTC pair gained around 8%, climbing as high as 0.075 BTC on Oct. 26.ETH/BTC daily....
Although the legal battle between Ripple and the SEC isn’t officially over, the payments technology company has gone ahead to host a party to celebrate its partial win in court. After the court win, Ripple’s founder and CEO Brad Garlinghouse announced on social media a September 29 date for what was called a “Victory Party.” […]
At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees have subsided to a degree as the median and average ether fees have been slashed in half since then.
Ethereum Fees Subside, Transfer Costs Less Expensive
One of the biggest complaints people have with digital currencies is how much the transaction fee can cost to send these assets.....