Kategorie: Ethereum News

Ethereum news about the ETH blockchain and its crypto ecosystem.

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Cardano and Ethereum prices at risk as iDEGEN surges

Cryptocurrencies remain subject to heightened market volatility as the hype surrounding President Trump’s return to office eases. Even so, greed remains the main emotion controlling the market as investors remain optimistic of a crypto-friendly environment under Trump’s administration.

As the bullish sentiment offers support to most cryptos, Ethereum is under pressure from the criticism and leadership issues rocking the Ethereum Foundation. On the other hand, iDEGEN is thriving as it widens its horizon through the video content embedded in its latest V3 upgrade. Beyond its popularity, savvy investors are buying into its potential as a leader in the AI meme coin space.

Ethereum price remains range-bound as its leadership fights negative sentiment

Ethereum price

ETH price chart by TradingView

Ethereum price remains under pressure even as the fear of missing out (FOMO) sustains the broader crypto market. Notably, leadership issues within the Ethereum Foundation have alarmed some investors; leading ETH/USD to underperform against other crypto majors like Solana and Bitcoin. 

For instance, following the decision to host Trump’s meme coin, SOL/USD rallied to a fresh all-time high of $294.94 on 19th January before a corrective pullback to $254.96 as at the time of tis press release. It is such lost opportunities and seemingly misplaced priorities that have triggered Ethereum’s criticism from its community. 

Besides, as seen on SoSoValue, BTC spot ETF’s total net inflow for the week ending on 24th January was at $1.76 billion. In comparison, that of ETH spot ETF was $139.32 million.  

Amid this selling pressure, ETH/USD has lacked enough bullish momentum to break the resistance at the crucial zone of $3,500. Indeed, the formation of a bearish death cross about two weeks ago points to the continuation of its range-bound trading in the ensuing sessions. 

More specifically, the range between $3,410 and $3,240 is worth watching. Beyond the range’s upper limit, the bulls will likely face resistance at $3,479. On the flip side, further selling pressure will have the bulls defending the support zone of $3,195. 

iDEGEN’s robust social capital set to sustain its growth beyond the presale

In 2009, Bitcoin was launched as a decentralized digital currency challenging the fiat currency. What started as an asset with almost no monetary value has since surged to $105,013 with analysts forecasting that it will hit $200,000 in 2025. 

iDEGEN bears a comparable potential. In fact, some view it as the Bitcoin of AI meme coins. It has rightfully secured its position as a sentient meme lord revolutionizing the AI crypto space. In just two months, the project that begun on a blank slate has had 1.44 million impressions and over 21,000 holders of the 1,560 million $IDGN tokens already sold. 

Evidently, savvy investors are looking beyond its virality and buying into its potential. To begin with, the one-of-a-kind social experiment has a robust social capital that has already propelled it to heights beyond its creators’ wildest imaginations. Not even the two bans on X could contain this project that has redefined the concept of “by the community, for the community”. 

In fact, it has emerged stronger, garnering immense attention in the US and the UK. With its latest V3 upgrade, video content is set to advance its popularity even further. By entering the Telegram frontier during its V2 upgrade, the project raised an additional $1 million within 24 hours.   

Besides, there is only one month left before its listing on 27th February. As the project captures the attention of more meme coin enthusiasts, anticipation is building up and FOMO intensifying. More savvy investors acknowledge that this may be the only opportunity to own $IDGN tokens at the current price of $0.0146. The early adopters are already sitting on hefty profits with returns of over 13,000%.

Learn more how to buy IDEGEN

Cardano price double top pattern points to a consolidation phase

ADA price chart by TradingView

ADA/USD traded in the green for the second consecutive week even as it dropped by 14% from the one-month high it hit about a week ago. Amid heightened market volatility, the altcoin will likely remain under pressure in the near term.

A look at its daily chart shows the formation of a bearish double top pattern during the first half of the month. Besides, an RSI of 50 points to a period of range-bound trading as the bulls defend the support zone of $0.9608. 

At its current level, the crypto is hovering around the 20-day EMA at $1.0055. A rebound past that level will likely have it face resistance at $1.0471.

The post Cardano and Ethereum prices at risk as iDEGEN surges appeared first on CoinJournal.

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Switzerland’s PostFinance AG bank introduces Ethereum staking

  • PostFinance AG launches Ethereum staking, expanding its crypto service offerings.
  • The move aligns with rising global crypto adoption and Switzerland’s crypto-friendly stance.
  • The US political shift under Trump is expected to boost crypto market stability and growth.

In a pioneering move that underscores the growing integration of cryptocurrencies into traditional banking, Switzerland’s state-owned PostFinance AG has launched Ethereum staking services.

This move comes at a time when the global financial landscape is witnessing a significant embrace of digital assets, particularly with expectations of a transformative year for cryptocurrencies in 2025.

PostFinance AG’s forays into crypto

PostFinance AG, already known for its progressive steps in the crypto sector, has taken its commitment a step further by allowing its clients to stake Ethereum, thereby participating in the validation of transactions on the Ethereum blockchain and earning additional tokens.

The Ethereum staking initiative reflects the bank’s strategy to expand its cryptocurrency services, building on its introduction of crypto trading and custody services in the previous year.

By offering staking, PostFinance is not only catering to the growing demand from investors looking for passive income through digital assets but is also setting a precedent for how traditional banking can coexist with the decentralized ethos of blockchain technology.

Leveraging the political shift in the US

This move by PostFinance is particularly timely. With the recent political shifts in the United States, where President-elect Donald Trump is set to begin his second nonconsecutive term, there’s a palpable optimism around regulatory changes that could further legitimize and stabilize the crypto market.

Trump, heralded as the first truly pro-crypto president, is expected to influence a more favourable environment for digital currencies, both domestically and internationally.

Moreover, the enthusiasm for cryptocurrencies within Switzerland itself seems to be on an upward trajectory. This is evidenced by recent proposals suggesting that the Swiss National Bank should consider purchasing and holding Bitcoin as part of its strategic reserves.

Such a policy, if implemented, would mark another significant milestone in the acceptance of cryptocurrencies by state institutions, potentially catalyzing further adoption across Europe.

The introduction of staking by PostFinance AG is also a clear indicator of the bank’s vision for the future of finance. By integrating blockchain technology into its operations, PostFinance is not only providing its customers with new investment opportunities but is also preparing for a future where digital assets might play a more central role in the global economy.

The bank’s announcement also hinted at plans to introduce staking for other tokens soon, suggesting a broader strategy to solidify its position in the crypto space.

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iDEGEN fires on all cylinders as Bitcoin, Ethereum struggle

Bulls remain in control of the broader cryptocurrency market as investors’ optimism remains pegged on crypto-friendly policy measures, heightened adoption of these digital assets, and central banks’ strategic reserves. Even so, crypto majors have largely stalled in the absence of an immediate catalyst. 

Amid the pullback, meme coins and particularly AI projects have shown immense growth and indismissible opportunities. iDEGEN, a unique social experiment is one such project. Even before hitting the public shelves, it has the potential to give the likes of Fartcoin and AI16z a run for their money. 

Bitcoin’s under pressure from bets on fewer rate cuts

Bitcoin price rebounded on Tuesday after testing the crucial support zone of $90,000 in the previous session. As at the time of writing, the top crypto was at $96,485 as it finds support along the 50-day EMA while hovering around the short-term 20-day EMA. 

While the bulls are still in control, higher Treasury yields have prompted a sell-off of riskier assets like cryptocurrencies. On Monday, the benchmark 10-year Treasury yields rose to 4.80%, a level last recorded in October 2023.

The stronger-than-expected US jobs data released late last week further pointed to the Fed easing on its rate cuts in 2025. Notably, riskier assets like cryptos thrive in an environment of lower interest rates.

In the near term, the range between $93,010 and $97,500 will be worth watching. Beyond that level, the bulls will likely face resistance at $98,500. On the flip side, a pullback past the range’s support zone may see BTC/USD drop to $92,225. 

Bitcoin Price Chart
Bitcoin Price Chart

Bitcoin price chart | Source: TradingView

iDEGEN marks a new phase for AI meme coins

As artificial intelligence revolutionizes the crypto market, iDEGEN is marking a new era for AI meme coins. In fact, based on its virality and potential, some analysts view it as a “Bitcoin equivalent”. 

Unlike other projects, it started on a blank slate with no restrictions or guardrails. By relying on degens to learn, adopt, and formulate tweets, iDEGEN has evolved into a viral sensation whose growth surpasses its creators’ wildest imaginations. 

So aggressive is the movement that not even a ban on X could curtail it. Based on its virality and active community, the project has the markings of a crypto that will evolve from being a mere joke to a billion-dollar asset. 

With this immense potential, a rising number of savvy investors are amassing $IDGN tokens with just a few weeks left before its listing on 27th February. Since its launch on 26th November 2024, the project has already raised over $16 million. 

Early adopters are already sitting on hefty returns at its current price of $0.01. Compared to its initial price of $0.00011, $IDGN holders have raked in 8,991% in returns. At this pace, there are no signs of iDEGEN slowing down. Learn more about iDEGEN here

Ethereum records surge in outflows amid a shift in investor sentiment 

Ethereum price

ETH price chart | Source: TradingView

After the Bitcoin-led selloff that saw Ethereum price momentarily drop below the crucial zone of $3,000 on Monday, the altcoin rebounded to trade at $3,191 as at the time of writing.  A look at its daily chart highlights the formation of the bearish death cross with the short-term 20-day EMA crossing below the medium-term 50-day EMA to the downside. 

Besides, ethereum price remains under pressure from the recent surge in outflows. According to SoSoValue, ETH spot ETF recorded daily net outflows of $39.43 million on 13th January. Topping the list was Grayscale Ethereum Trust EFT (ETHE) with a daily net outflow of $14.49 million and cumulative net outflows of $3.70 billion. At the same time, its Mini Trust (ETH) had daily net outflows of $37.84 million.

In the near term, ethereum price will likely hover around $3,150 as bulls strive to defend the support level of $3,000. Even with furthe rebounding, it will likely face significant resistance at $3,320.  

 

 

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Ethereum to rebound as iDEGEN remains on track to a billion-dollar valuation


Bullish pattern signals Ethereum price rebound

The road has been rather rough for the bulls since Ethereum hit a fresh three-year high in mid-December last year. Since then, it has declined by over 20% as the gains recorded in the past two weeks were reversed in the current week.  

Even so, the bulls remain in control as the support level along $3,200 remains steady. Indeed, a look at its weekly chart signals a rebound. To start with, Ethereum price continues to trade above the 20 and 50-day EMAs. 

Besides, the formation of the bullish inverted head and shoulder pattern indicates that ETH/USD may have completed its short-term bottom. In the near term, the altcoin will likely trade within a range of between $3,200 and $3,850 as the bulls gather enough momentum to retest and surpass the psychologically crucial zone of $4,000. 

Ethereum price

Ethereum price chart : Source: TradingView

iDEGEN: An AI wave that every savvy investor should ride

The creators of iDEGEN were keen on coming up with a project that is for the community, by the community. However, not even them could imagine the extent of its reach. 

Since its launch in late November 2024, this one-of-a-kind social experiment has relied on degens on Crypto Twitter to learn, adapt, and generate tweets every 60 minutes. It is this aggressive and active community that has resulted in the project’s virality with over 1.3 billion $IDGN tokens already sold. 

Indeed, no one could have imagined the extent of iDEGEN’s reach less than 7 weeks into its launch. Its growth has been so aggressive that X recently banned it from the platform on the basis of “violence speech”. 

However, with the huge active crowd that has embraced the project as its own, not even the ban could curb this AI evolution. In fact, it has further fueled its virality; enabling the project to raise over $16 million as at writing.

Savvy investors understand that they cannot afford to be locked out of this one-of-a-kind money-making opportunity. In less than 7 weeks, the returns are at over 72,000%. This means that the early adopters are already sitting on huge gains as the token prepares to hit the public shelves. Besides, with AI meme coins like ai16z and Fartcoin having set the stage, iDEGEN is set to bloom into a top token with a market cap of over $1 billion.  You can buy the iDEGEN token here.

Shiba Inu under pressure from budding meme coins 

In a span of one month, Shiba Inu price has dropped by about 35% as savvy investors shift their focus to budding meme coins. Besides, the neutral market sentiment has eased the Bitcoin-led rallying that had the altcoin surge to a 9-month high in December 2024. 

On the one hand, Shiba Inu remains one of the top meme coins with a market cap of over $12 billion. However, it has a long way to go in retesting its all-time high hit in October 2021 at $0.00008616. 

On its daily chart, the bollinger bands point to short-term range-bound trading of between $0.00002000 and $0.00002244. To further support this thesis, the meme coin is trading below the 20 and 50-day EMAs with the two MAs having formed a bearish death cross pattern in late December 2024. Besides, with an RSI of 43, its price movements may be rather subtle. 

Shiba inu price
Shiba inu price

Shiba Inu price chart by TradingView

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Ethereum ETFs inflows surge as Bitcoin ETFs see major outflows

  • Ethereum ETFs inflows are outdoing Bitcoin ETF inflows.
  • BlackRock’s iShares Ethereum Trust (ETHA) ETF leads with a $89.51M inflow on Dec 23, 2024.
  • This Market shift may signal an altcoin season in 2025.

In a surprising turn of events in the cryptocurrency market, Ethereum spot ETFs have been experiencing significant inflows, overshadowing the outflows noted in Bitcoin ETFs.

On December 23, 2024, Ethereum ETFs recorded a net inflow of $130.8 million, with BlackRock’s iShares Ethereum Trust (ETHA) ETF leading with $89.50 million and Fidelity’s Ethereum ETF (FETH) adding $46.40 million according to Coinglass data. In stark contrast, Bitcoin ETFs saw outflows totalling $226.50 million on the same day.

This trend has been consistent over recent weeks. For instance, on December 12, Ethereum spot ETFs had a cumulative net inflow of $273.70 million, continuing their streak of 14 consecutive days with positive inflows. BlackRock’s ETHA ETF alone saw a single-day net inflow of $202.30 million, while Grayscale’s Ethereum ETF (ETH) contributed $73.20 million.

Ethereum ETFs inflows
Source: Coinglass
Bitcoin ETFs inflows
Source: Coinglass

The shift signals a possible start of an altcoin season

Bitcoin ETFs, despite having higher trading volumes, have been facing outflows, suggesting a possible shift in investor sentiment towards Ethereum.

Market analysts speculate that this could signal the onset of an ‘altcoin season’, where investors might be diversifying their portfolios beyond Bitcoin, with ETH leading the pack.

This shift in investment flow is particularly notable as it comes at a time when Bitcoin has been dominating headlines with its price performance, reaching over $108,000 earlier in December.

The underlying reasons for this trend might include Ethereum’s growing ecosystem, particularly in decentralized finance (DeFi) and non-fungible tokens (NFTs), which could be attracting investors looking for dynamic growth opportunities.

Additionally, the regulatory environment under the incoming administration might be perceived as more favourable for Ethereum, given its broader use-case applications beyond just being a store of value like Bitcoin.

This development raises questions about the future direction of crypto investments. While Bitcoin has long been the bellwether of the crypto market, Ethereum’s recent performance in the ETF space might hint at a rebalancing of investor interest, potentially leading to more balanced growth across different cryptocurrencies in 2025.

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