Kategorie: Ethereum News

Ethereum news about the ETH blockchain and its crypto ecosystem.

Veröffentlicht am

CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?

The ongoing bull cycle has caused a notable rise in activity in the crypto market. For Bitcoin, CryptoQuant projects a $146,000 cycle high. In the meantime, the firm predicts Ethereum to follow a historical pattern in its MVRV Ratio to enter a second bull market. Despite the positivity in the top two cryptocurrencies, a growing number of investors are rushing into Rexas Finance instead. At just $0.125, many analysts believe this undervalued crypto could lead the next bull market run.

CryptoQuant Projects $146,000 for Bitcoin Cycle Peak

According to crypto-analytic outfit, CryptoQuant, Bitcoin’s price cycle could peak at around $146,000. The firm claims to get this projection from the average acquisition cost of Bitcoin across the network—the realized price valuation. With Bitcoin reaching comparable highs in 2021, the realized price has been a decent gauge of market cycle peaks. Meanwhile, several macroeconomic events, institutional adoption’s ongoing upward momentum, and Bitcoin ETF interest might drive BTC above $146,000 this cycle. It is important to note that Bitcoin’s path is rocky. Geopolitical conflicts and unfavorable legislation, among other market elements, could possibly stop Bitcoin from reaching the projected high.

BTC trades at $95,685 as of this writing, down just 2% over the previous day. Should the crypto market remain favorable, Bitcoin’s ascent might quicken, dragging Ethereum and other altcoins behind it.

Ethereum Enters ‘Second Bull Market’

According to a CryptoQuant analyst, Ethereum’s second bull market appears to be in shape. The forecasts show that at $4,000 in Q1 2024, the second bull run will be noticeably more dramatic than the first. The analyst pointed to a similar MVRV Ratio in the Ethereum price chart. During the year’s first quarter, the indicator surged to a really high level as the price surge was in progress. However, the indicator cooled back down in the bearish consolidation that followed the run, returning to the neutral 1 level.

The MVRV Ratio has once more reversed upward with the most recent increase in cryptocurrencies. Interestingly, the quant on the chart also observed this trend during the previous two bull markets. Both runs comprised two periods in which the Ethereum MVRV Ratio peaked, and a cooldown occurred in between. ETH trades at $3600 as of this writing, a 2% drop over the last day. Analysts project Ethereum may end this period above $10,000. 

Rexas Finance (RXS): The Undervalued Altcoin Set to Lead the Next Bull Run

In the heart of Ethereum’s second bull market and Bitcoin’s expected rise, Rexas Finance is an undervalued cryptocurrency that could lead the next altcoin boom. By tokenizing real-world assets (RWAs), Rexas Finance is revolutionizing asset management with liquidity, global access, and fractional ownership. Rexas Finance opens up previously closed markets by turning illiquid assets like real estate, commodities, and art into digital tokens. With a few RXS tokens, a user can acquire fractional ownership of these highly valued assets from anywhere in the world, removing the high entry costs and geographic restrictions commonly seen in traditional sectors. 

The project’s presale went quickly. Rexas Finance sold 290 million RXS tokens and raised $20.75 million in the first eight presale phases in three months. In Stage 9, the token price is $0.125 and predicted to rise to $0.150. With its fast presale, Rexas Finance is drawing attention. After the presale, RXS will be listed on at least three of the top 10 cryptocurrency exchanges, increasing its liquidity and market exposure. Rexas Finance’s platform offers new and existing users unique value with many features. Regardless of technical ability, anyone may construct digital tokens with the Rexas Token Builder. Rexas Launchpad fosters innovative blockchain ventures, while Rexas GenAI generates unique digital artworks using AI to make NFTs easier to develop. These technologies and Rexas Finance’s focus on security and compliance make it a user-friendly and powerful asset tokenization solution. 

The Rexas Finance ecosystem encourages transparency and security. The platform’s Certik audit, which verifies smart contracts and code security, increases investor confidence. The project’s recent placement on CoinGecko and CoinMarketCap gives investors easy access to performance information and analysis, boosting its reputation. The project has huge market potential and price potential, enough to lead the next bull cycle. Real estate is worth $379.7 trillion, art and collectibles $65 billion, and financial assets $486 trillion. Rexas Finance plans to enter these massive markets by offering fractional ownership and tokenized access to these assets, giving common investors additional global market possibilities. The presale’s quick growth shows growing interest in tokenized real-world assets, and Rexas Finance is well-positioned to lead the next bull run with lower transaction costs and higher liquidity. 

Conclusion

With Bitcoin forecast to reach $146,000 and Ethereum’s second bull market underway, the next major cryptocurrency rise may be imminent. By tokenizing assets, Rexas Finance is becoming a serious challenger. Its speedy presale and rapid crypto growth make it a great investment for those looking to capitalize on the next round.  And what is more? Rexas Finance is running a $1 million giveaway, with the top 20 participants winning $50,000 worth of RXS. Jump on the project now to increase your chance of winning. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run? appeared first on CoinJournal.

Veröffentlicht am

Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum

  • JustGiving now accepts over 60 cryptocurrencies for people to donate with
  • 94% of crypto users are Millennials and Generation Z
  • More than $2 billion has been donated to charitable causes over the past five years

UK-based fundraising platform JustGiving is teaming up with The Giving Block, a digital asset company, to start accepting crypto donations.

JustGiving now allows users to donate in more than 60 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Doge, according to a report from UK Fundraising. The move comes as the crypto market is experiencing a surge in value, with Bitcoin recording a new all-time high of over $94,000 yesterday on CoinMarketCap.

According to JustGiving’s website, over the past 24 years, the fundraising platform has raised $7.2 billion (£6 billion) and is trusted by thousands of charities worldwide, including the Alzheimer’s Society, the British Heart Foundation, Macmillan Cancer Support, and Mind.

Pascale Harvie, President and General Manager of JustGiving, said:

“In recent years there has been a surge in the use of cryptocurrencies and our decision to enable cryptocurrency donations is the latest demonstration of our commitment to forward-thinking innovation.”

Tapping into a tech-savvy demographic is also key. According to JustGiving, 94% of crypto users are Millennials and Gen Z.

Alex Wilson, co-founder of The Giving Block, said that “charities need to tap into this new donor demographic,” adding:

“580 million people now use cryptocurrency around the world and the market is worth nearly $3 trillion. Our goal is to make accepting cryptocurrency donations just as easy as taking any other online donations.”

In a 2024 Annual Report from The Giving Block, it noted that more than $2 billion has been donated to charitable causes over the past five years.

The post Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum appeared first on CoinJournal.

Veröffentlicht am

Bitcoin breaks $82,000 boosted by Trump’s re-election win

  • Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week
  • Over the past 30 days, Bitcoin has increased in value by more than 30%
  • Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.12 billion in daily inflows

Bitcoin has hit another record, reaching over $82,000 on Monday, boosted by Donald Trump’s re-election to the White House last week.

According to data from CoinMarketCap, Bitcoin’s value has risen more than 19% in the past seven days and 30% over the past 30 days. Taking to X, Anthony Pompliano, host of the Pomp podcast, said:

“The first pro-Bitcoin President was elected in US history and Bitcoin hit $80,000 within a week. The market is preparing itself.”

While Trump’s win has helped push crypto prices up, many don’t think it’s the sole reason. In response, Sleep Money Maker said: “Think bigger than one week or one event. We’re watching decades of regulatory friction starting to dissolve. When barriers fall, capital flows – that’s just market physics in action.”

Speaking to CoinJournal last week, James Toledano, COO at Unity, a self-custody crypto wallet, said it was “disingenuous” to say the US election directly caused the price increase.

In the long-term, it won’t be the election that moves the crypto market, but “broader macroeconomic events, technological advancements, shifting market sentiment, and factors outside of the next President’s control,” Toldeano explained.

Institutional appetite for Bitcoin is rising

Institutional interest in Bitcoin has also reached new levels, noted by BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) bringing in a record $1.12 billion in daily inflows. This followed BlackRock setting a new record in October when its total assets reached $30 billion in 293 days.

Speaking of the recent price rally, Toledano, said:

“There is clearly heightened confidence in Bitcoin as a key investment vehicle and institutional investors are not only recognizing Bitcoin’s resilience as an asset class but are increasingly allocating capital in response to favorable macroeconomic conditions, including recent rate cuts and political shifts.”

Other coins that are rallying include Ethereum, trading over $3,100, Solana, at $216, and Dogecoin, up nearly 158% in the past month at $0.2877.

The post Bitcoin breaks $82,000 boosted by Trump’s re-election win appeared first on CoinJournal.

Veröffentlicht am

Consensys lays off 20% of its total workforce

  • Consensys cuts 20% of its workforce due to economic and regulatory challenges.
  • CEO Joe Lubin criticizes the SEC’s actions as a harmful “abuse of power.”
  • The company aims to enhance decentralization and evolve into a “Network State.”

Consensys, a pioneering force in blockchain technology and a primary supporter of the Ethereum network, recently announced a reduction of 20% in its workforce.

Affected employees will receive severance packages, extended healthcare benefits, and outplacement services to support their transition.

The decision stems from a combination of challenging macroeconomic conditions and increasing regulatory pressure in the cryptocurrency sector, with Consensys’ leadership pointing to the US Securities and Exchange Commission’s (SEC) “abuse of power” as a significant factor.

In a recent blog post, founder and CEO Joe Lubin expressed frustration over the financial and operational strains imposed by ongoing regulatory actions.

Lubin said, “Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem.” He added that such actions from the government will cost crypto companies millions in legal fees and lost business opportunities, stifling innovation in a sector that is on the cusp of mainstream adoption.

The legal battles between Consensys and the SEC primarily focus on the regulator’s claims that Consensys has been operating as an unregistered broker, particularly through its MetaMask services.

According to the SEC, the company’s operations could involve the offer and sale of securities, which would require formal registration.

The dispute has escalated with Consensys filing a countersuit against the SEC, alleging regulatory overreach. The company argues that the SEC’s aggressive stance is a “power grab” over Ethereum, designed to exert more control over decentralized financial products.

This stance aligns Consensys with several other crypto companies, including Coinbase and Grayscale, that have also resisted SEC enforcement, signalling a larger industry pushback against unclear regulations.

Despite these challenges, Consensys maintains a strong market position, continuing to focus on Ethereum-based products like MetaMask and Infura, which have become essential tools within the blockchain ecosystem.

To navigate this uncertain landscape, the company is taking steps to streamline its operations, positioning itself for agility and long-term sustainability in an evolving, often volatile industry.

Looking forward, Consensys aims to enhance decentralization within its own structure. By progressively transforming its products into protocols, Consensys envisions itself evolving from a centralized company to a “Network State,” with tools like MetaMask anchoring this new direction. This shift could enable a more decentralized, web3-native future, where small, agile companies lead the economy and foster innovation.

Through these structural changes, Consensys seeks to uphold its commitment to Ethereum’s mission while adapting to an ever-changing regulatory and economic environment.

The post Consensys lays off 20% of its total workforce appeared first on CoinJournal.