The post Ethereum Price Prediction: ETH Price Poised to Hit $6000 But Here’s a Twist! appeared first on Coinpedia Fintech News

The beginning of the fresh weekly trade has flipped the market sentiments, which were buried under a strong bearish influence. The Ethereum price has also flipped from the interim support and at each dip, the second-largest token has been offering a good buying opportunity. Presently, the price has surged above $2500 and although the upper targets remain largely distinct, the bulls carry enough momentum to maintain a strong bullish trend for the rest of the month. 

The ETH price has printed a massive bullish candle of nearly 5% in the past 24 hours and nearly 10% from the interim lows. With this, the token has confirmed a double-bottom pattern and may reach the neckline around $2,680 in the next few days. As the technicals are in bullish favour, rising above these levels should not be a tedious task. But the question arises: whether the Ethereum price will make it to $3000 in October?

With the price rising above $2500, the token has entered a break-even zone. As per the data from Intotheblock, a large number of addresses have been stuck within this range. 

The above chart suggests that nearly 5.84% of addresses have entered a break-even range between $2,509 and $2,987, meaning they are neither in profit nor loss. Therefore, they tend to remain calm and wait for the next price action. Moreover, a rise beyond $3000 may turn all these addresses into profits, while a plunge below the current levels may turn them into losses. Therefore, the day’s close and the next couple of days could be extremely important, as a sustained rise above $3000 could prevent the token from being under loss. 

So what’s next? Will the ETH price rise above $3000 or face rejection & reach $2200?

The short-term chart suggests more volatility is required for the token to trigger a strong price action. But in the long-term, the price is trying to replicate a previous pattern that elevated the levels from $1550 to levels beyond $4000 in Q3 2023. Therefore, if a similar rebound is triggered, the price is believed to rise and form a new ATH. 

The chart shared by a popular analyst, ALI, suggests the current rebound resembles the previous one. Hence the analyst predicts a new ATH could be around $6000 if the price follows a similar price action. 

“Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for Ethereum.

If this pattern holds, a similar move could push ETH to $6000, provided the key $2300 support level stays intact,” 

Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal.

The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction.

Technical Analysis

By Shayan

The Daily Chart

Ethereum is undergoing a descending consolidation phase, with no clear directional bias emerging recently. However, an important inverted head and shoulders pattern has formed near the $2.1K support zone, a critical level where buyers have managed to hold ground.

This pattern is typically a bullish reversal signal, suggesting that a shift towards upward momentum may be on the horizon, particularly if ETH can break through the neckline, which is around $2.7K.

Ethereum has roughly reclaimed the midpoint of the multi-month channel, which lies around $2.5K. If this breakout turns out to be valid, buyers’ next focus will shift to the neckline of the inverted head-and-shoulders pattern at $2.7K. A breakthrough at this level could solidify a bullish reversal, potentially targeting the $3K resistance zone in the near term.

Source: TradingView The 4-Hour Chart

On the 4-hour chart, Ethereum sellers have struggled to push the price below the ascending flag pattern’s lower boundary, which sits near $2.3K. This dynamic support level has been tested multiple times, and a breach here could trigger a long-squeeze event, sending the price rapidly down to the $2.1K support region. However, Ethereum has also formed a double-bottom pattern in this timeframe, which typically signals a short-term bullish reversal.

The price is currently confined between the ascending flag’s support and a critical resistance zone defined by the 0.5 Fibonacci level at $2.6K and the 0.618 Fibonacci level at $2.8K. Ethereum will likely continue consolidating within this tight range until a decisive breakout, either upward or downward, occurs.

Source: TradingView Onchain Analysis

By Shayan

Ethereum is currently trapped within a price range between $2.1K and $2.7K, and a detailed look at the Binance liquidation heatmap reveals the key liquidity zones that could influence an impending breakout. The heatmap displays regions of concentrated liquidity, such as stop-loss orders and liquidation levels, which are predominantly driven by more significant market participants, including whales.

The cryptocurrency faces a period of slight consolidation with minimal volatility, reflecting the equilibrium between buyers and sellers. On the downside, the $2K region is heavily defended by whales and institutional traders, as evidenced by significant liquidity pools concentrated in this area.  On the other hand, the $2.8K resistance zone represents a formidable barrier, as it holds a significant amount of liquidity.

This liquidity concentration suggests that many traders, particularly large ones, have placed their liquidation points around this price level, making it critical. A breakout in either direction could lead to a liquidation cascade, triggering a chain reaction of stop-loss orders and liquidations that could amplify the prevailing trend.

Source: CoinGlass

The post Ethereum Price Analysis: Is ETH About to Break Above $2.6K at Last? appeared first on CryptoPotato.

According to Foresight News, on-chain analyst @ai_9684xtpa has reported that Galaxy Digital's OTC address transferred 7,000 ETH to a centralized exchange (CEX) within a span of two hours. The transferred amount is valued at approximately $17.48 million. Currently, the address still holds 6,886 ETH, which is worth around $17.30 million.

Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520.

Ethereum started a steady increase above the $2,420 and $2,450 resistance levels.

The price is trading above $2,440 and the 100-hourly Simple Moving Average.

There is a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD (data feed via Kraken).

The pair must gain bullish momentum above the $2,520 and $2,550 resistance levels.

Ethereum Price Regains Traction

Ethereum price formed a base above the $2,350 level and started a fresh increase. ETH cleared the $2,420 and $2,450 resistance levels to move into a positive zone, beating Bitcoin.

The bulls even pushed the price above the $2,500 level. A high was formed at $2,518 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward move from the $2,436 swing low to the $2,518 high.

Ethereum price is now trading above $2,450 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,520 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might send the price toward the $2,580 resistance. An upside break above the $2,580 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone in the near term. The next hurdle sits near the $2,650 level or $2,720.

Another Pullback In ETH?

If Ethereum fails to clear the $2,520 resistance, it could start another decline. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,455 zone and the trend line or the 76.4% Fib retracement level of the upward move from the $2,436 swing low to the $2,518 high.

A clear move below the $2,435 support might push the price toward $2,420. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,250.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,455

Major Resistance Level – $2,520

Source: NewsBTC.com

The post Ethereum Price Gains Bullish Momentum: Is a Breakout Near? appeared first on Crypto Breaking News.

The post Ethereum To Hit $6,000: Historic Trend Signals 130% Surge Potential appeared first on Coinpedia Fintech News

As markets kick off the week positively, Ethereum (ETH), the second-largest cryptocurrency by market cap, has also shown strength, rising nearly 3% and crossing the critical $2,500 level. Meanwhile, Popular crypto analyst Ali Martinez highlights a historical trend that could lead to a 130% surge, potentially pushing ETH toward $6,000.

Historical Pattern Hint 130% Surge

According to Martinez, the recent movements in Ethereum’s price have stayed within a defined channel. Each time the price has bounced off the lower boundary of this channel, it has resulted in an average price increase of 130%.

Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for #Ethereum.If this pattern holds, a similar move could push $ETH to $6,000—provided the key $2,300 support level stays intact. pic.twitter.com/CFpLrQWEih

— Ali (@ali_charts) October 14, 2024

However, if this pattern continues, Ethereum could soar to $6,000, but only if it maintains a key support level at $2,300. If Ethereum can hold above this price, it strengthens the case for a price rally. 

Historical data suggests that the cryptocurrency is poised for growth if it breaks through certain resistance levels. As more institutional investors and retail traders flock to the crypto space, the demand for Ethereum is expected to rise. 

Ethereum Price Update

Ethereum is showing positive movement, with prices rising nearly 3% in the last 24 hours after a quieter start to the month. At the beginning of October, ETH faced a bearish trend, slipping below its 20- and 50-day Simple Moving Averages (SMAs), which had investors cautious.

If the interest in spot ETFs keeps growing, Ethereum could see more buying pressure. This momentum might allow ETH to climb towards $2,600 and possibly $2,700 in the near future.

However, if market sentiment shifts, Ethereum could drop below $2,500 if buyers fail to push it above key resistance levels. Investors are closely watching for stronger signs of a sustained recovery.

On Oct 14, 2024, 14:26 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,600 USDT benchmark and is now trading at 2,600 USDT, with a narrowed 5.70% increase in 24 hours.

Analysts predict that certain tokens could see exponential growth by 2026, potentially multiplying investments many times over. This piece delves into five digital assets that might offer significant returns in the coming years. Discover which cryptocurrencies are projected to rise sharply and why they could become standout performers in the market.

DOGEN Pumps Hard: The Strongest Meme Token Dominating Crypto

Doge, Shib, and Floki will be left whimpering as the real alpha storms in. Meet DOGEN – the baddest, most bullish meme token to ever hit the market. Only the strongest, most fearless holders can tame it. Big muscles and balls of steel - that’s DOGEN.

No dips, no drama - nothing but hardcore! Just moving forward to ATHs! Like it tough? Then DOGEN is the right token for you.

Frogs leap away - DOGEN will show who is the boss here! Supercharged from day one, it's primed to explode with a 700% surge expected in the coming months. This Solana-powered beast is ready to pump out insane, thousand-fold gains await!

DOGEN’s got a little something special for its hardcore believers — an airdrop! Want in? All you gotta do is flex those social muscles, grab some tokens during the presale, and start recruiting the DOGEN army with your referral link. For every recruit, you'll pocket a juicy 20% of the Golden Points from their token buys.

And it doesn’t stop there. DOGEN’s referral game is fierce! You’ll rake in 7% of every token your direct bros (1st level) buy with your code. And it gets sweeter — the more bros you bring, the more levels you unlock, stacking up profits like a boss.

Altseason is on the horizon, and DOGEN holders will be the ones leading the charge.

Wanna dominate the crypto market? Then join the DOGEN army! It’s a community for true winners who enjoy exclusive campaigns, killer perks, and the top deals in the game.

Afford yourself a luxury life! Posh cars, stacks of money, and beautiful women - that’s all for DOGEN holders who don’t settle for less.

Flex Hard, Earn Big – DOGEN is Your Next Power Play!

Solana Eyes Breakout as Altcoin Season Gains Momentum

Solana (SOL) is showing strong signs of an upward movement, trading near the higher end of its recent price range. Over the past month, it has gained almost 10%, indicating growing bullish sentiment. The coin is approaching its nearest resistance level at $162; a breakthrough here could propel it toward the next target around $178. Technical indicators like the Relative Strength Index are in bullish territories, suggesting continued buying interest. Additionally, the 10-day Simple Moving Average is above the 100-day average, pointing to positive short-term momentum. With the anticipated altcoin season on the horizon, Solana has the potential to rise significantly, but investors should keep an eye on key support levels in case of market shifts.

Ethereum Poised for Breakout Amid Bullish Indicators

Ethereum is trading between $2359 and $2548, showing steady growth with a 4.24% increase in the past week. The price is above both the 10-day and 100-day simple moving averages, indicating bullish momentum. The MACD level is 21.48, and the RSI is 70.16, suggesting strong upward pressure. If Ethereum breaks the nearest resistance at $2629, it could rise to the second resistance at $2818.65, a potential gain of around 10%. This movement aligns with the anticipated altcoin season and a global crypto bull run.

Cardano Poised for Rally: ADA Targets Break Above $0.39 Resistance

Cardano (ADA) is trading between $0.33 and $0.37, showing signs of consolidation before a potential breakout. The nearest resistance level is at $0.39. If ADA surpasses this, it could climb to the next resistance at $0.42, which would be an increase of around 14% from current prices. The MACD is positive at 0.001239, indicating upward momentum. The RSI sits at 59.12, suggesting there's room for growth before hitting overbought levels. The stochastic is high at 90.48, reflecting strong bullish sentiment. Both the 10-day and 100-day simple moving averages are at $0.35, pointing to possible stability. With these indicators, ADA may be gearing up for a significant move as the altcoin market heats up.

Ex-MATIC (POL) Eyes Breakout Amid Bullish Indicators

Ex-MATIC (POL) is trading between $0.35 and $0.38, aligning with its 10-day and 100-day moving averages at $0.37. The Relative Strength Index is at 63.71, suggesting bullish momentum. A high stochastic of 98.46 indicates strong buying pressure. The nearest resistance is at $0.40; breaking this could push the price to $0.43, a potential gain of over 13%. With the market gearing up for an altcoin season and a global crypto bull run, ex-MATIC could be set for significant growth. The recent price consolidation might be a foundation for an upward move. Keep an eye on the resistance levels, as a breakout could signal the start of a new rally.

Conclusion

SOL, ETH, ADA, and POL may offer less short-term potential. DOGEN, crafted for those seeking luxury and success, expects 700% growth by presale end, with potential thousand-fold returns this season. Following tokens like BONK and WIF, DOGEN builds a community of leaders, offering real benefits and exclusive perks for early adopters.

Site: https://dogen.meme/

Twitter: https://x.com/dogenmeme

Telegram: https://t.me/Dogen_Portal

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

According to Odaily, approximately three hours ago, the address marked as vitalik.eth converted 6700 billion DOG tokens into about 39.5 ETH.

On Oct 14, 2024, 03:38 AM (UTC), according to Binance Market Data, Ethereum (ETH) crossed the 2,500 USDT benchmark and is now trading at 2,502.189941 USDT, with a narrowed 1.79% increase in 24 hours.

The post Ethereum Braces for 7% Upswing as Solana Eyes Bullish Target Above $163 appeared first on Coinpedia Fintech News

Ethereum (ETH) is experiencing a period of consolidation and over the last day, there hasn’t been major movement in its price. Ethereum’s price movements are also likely to align with Bitcoin’s trends. According to analyst Josh of Crypto World, ETH is facing resistance between $2,440 and $2,475, based on previous support and resistance levels. 

For a bullish outlook, a confirmed breakout above this range, with candle closes sustaining above it, is crucial. If ETH can break through and hold above this resistance, we may see a rally toward the next resistance level, which lies between $2,550 and $2,580.

Short-Term Price Patterns

In the short term, the price action resembles the structure seen in early September. The analyst said that ETH appears to be forming a double bottom pattern, also known as a W pattern. For this pattern to be confirmed, ETH must break above the local high at around $2,495 (approximately $2,500).

Price Targets

Once the breakout above $2,500 is confirmed, the first target would be around $2,630, representing a potential 5.2% upside. The second target would be around $2,660, translating to just under a 7% move. A drop back below $2,500 would invalidate the breakout and could indicate a false move.

Solana’s Market Movements

Taking a look at Solana (SOL), the daily timeframe reveals a similar trend. Solana is currently bouncing off major support levels between $137 and $142. However, it faces important resistance in the $152 to $154 range and further resistance between $158 and $163. Solana is also forming a potential double bottom pattern. Like Ethereum, Solana needs to break above $149 for confirmation.

Price Targets

If Solana successfully breaks out above $149, it sets up a bullish target at around $163, which will result in nearly a 10% potential increase. For those using leverage, this could yield substantial profits.

According to Odaily, on-chain analyst Ai Yi has reported that the 'smart money' investor, known for a 91% success rate in trading, is currently liquidating their Ethereum holdings. On September 29, this investor purchased 4,969 ETH at an average price of $2,660. However, in the past half hour, they have sold 4,973 aEthWETH, valued at $12.53 million, at an average price of $2,520. This marks the 12th consecutive loss for the investor, resulting in a total loss of $696,000. Consequently, the investor's success rate in Ethereum trading has dropped to 83%.

The cryptocurrency ecosystem is a fast-paced arena, and market trends can become complex within the blink of an eye. Recent research suggests that there is a promising new altcoin in the market, which is Rexas Finance (RXS), and it is rather appealing to a certain class of investors known as the whales.

The findings indicate that there will be a growing preference for Rexas Finance among the big investors over the regular giants like Ethereum (ETH) and Solana (SOL) towards October 2024. This change caused concerns about what will become of these popular currencies and also brought out the Rexas Finance that we are likely to witness in the future when the crypto world continues to develop.

The Rise of Rexas Finance (RXS)

Another feather in the cap of Rexas Finance is that it is striving to become the world’s first massive platform for the Real World Asset (RWA) tokenization. Rexas Finance allows investors to invest in Real World Asset (RWA) tokenized assets, that is, physical assets like real estate, art, or intellectual property, by converting them into a digital token and securing them over a blockchain.

This helps improve liquidity, transparency, and wider participation since the markets that were restricted to the elite and institutionalized investors will be opened up to the majority.Rexas Finance has many advantages but even more fundamental is the fact that it is based on the desire to change the world. The platform is likely to revolutionize traditional asset management by opening up new investment avenues to the masses and, in effect, altering the ways wealth is generated.

Whales Flocking to Rexas Finance

As such, a survey looking at the whale’s preferences was conducted and the result shows it very clearly: the whales have been withdrawing their activities in the ETH and the Solana ecosystem as they turn to increasingly love Rexas Finance. Even though Ethereum and Solana have indexed themselves into most of the running industries in the crypto market, they still have some growing pains in terms of scalability, transaction cost, and traffic on the networks.

On the other hand, Rexas Finance has put in place some critical aspects of asset tokenization that offer a favorable alternative for whales seeking growth.It is not only through the innovations of Rexas Finance that investor attraction is likely but also through the potential economic transformation of the affected areas. By bringing in these multisignatures into the investment opportunities, the platform intends to integrate changes otherwise known to the conventional approaches on asset managers and how wealth is created.

Rexas Finance’s Competitive Edge

Rexas Finance aims high with its straightforward interface that intends to attract non-technical users to tokenize. Such empowerment enables users to issue, manage, and exchange security tokens related to specific assets. The platform also focuses on the factors of safety and operational regularity, applying adequate security precautions to safeguard users and their accounts as well as the whole money transaction process.

This blue series of approaches is very important in building up the confidence of the investing public.Moreover, it aims at technological advancement but Rexas Finance is much more than that. With such a global outlook and the trends of technology in the cryptocurrency world further, the platform is a strong contender against existing cryptocurrencies.

Presale Success and Community Engagement

Rexas Finance’s presale success demonstrates the rise in demand for its token by investors. The project has so far raised an astounding $2,750,000, with about 65 million tokens sold at $.06 each. With the presale moving to its next phase, which is expected to raise the price to $0.070, there is a spike in investors’ excitement. Aside from that, the Rexas Millionaire Giveaway has attracted many people to the campaign, making it strategic as it will help a lot in the project and engage the audience as participants will be quizzed to win $50,000.

Conclusion

The month of October 2024 is now approaching and the fact that the power players of the market choose Rexas Finance as opposed to the loud cryptocurrencies such as ETH and SOL is rather an interesting development. Rexas Finance being a tokenization focused on physical assets, secure and community-driven would hardly take a backseat in the future of digital assets. Those who are looking for the next major wave in cryptocurrency will be pleased with Rexas Finance, as it is destined to become extremely profitable in the years to come.

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

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Survey Reveals New Altcoin Preferred by Whales Over Ethereum (ETH) and Solana (SOL) in October 2024 appeared first on CaptainAltcoin.

Vitalik Buterin sold several meme coins, earning 257.1 ETH ($636,000), aligning with his policy on unsolicited tokens.

Buterin’s recognition of meme coins like EBULL and MOODENG raised concerns about promoting risky, non-transparent crypto projects.

Crypto figures warn that endorsements from prominent figures can inflate token prices, putting small investors at risk.

Ethereum co-founder Vitalik Buterin recently sold several meme coins, generating 257.1 ETH, which is approximately $636,000, according to Lookonchain data. The coins, sent to Buterin without solicitation, were sold as part of his longstanding policy to either sell or donate unsolicited tokens. 

Consequently, this move has sparked discussion in the cryptocurrency community, particularly due to concerns about the risks posed by meme coins and their potential to mislead investors.

https://twitter.com/lookonchain/status/1845158405868318734 Meme Coins Sold in Bulk

Notably, the blockchain data reveals that Buterin sold several types of meme coins, including 330,000 MSTR for 114.1 ETH ($282,000) and 14 million POPCAT for 74.99 ETH ($186,000). Other sales included 14 billion ITO for 36.55 ETH ($90,000), 1.05 million ETH6900 for 15.37 ETH ($38,000), 50.53 billion SATO for 11.34 ETH ($28,000), and 10 billion Milo for 4.77 ETH ($12,000). 

Subsequently, these transactions have drawn attention because of the sizable sums involved and the growing debate over the dangers associated with meme coins.

However, while Buterin’s actions align with his previous remarks about unsolicited tokens, critics argue that his recognition of certain meme tokens could have unintended consequences. Recently, Buterin acknowledged two meme coin projects, EBULL and MOODENG, for their charitable donations, which raised eyebrows in the crypto space. 

More so, both projects donated a percentage of their tokens to charity, with MOODENG focusing on anti-airborne disease technology. But some investors are worried that such endorsements may lend legitimacy to projects that may not be entirely transparent or safe for retail investors.

Potential Risks for Investors

Conversely, notable figures in the cryptocurrency community have voiced their concerns about the potential risks associated with these meme coins. Crypto personality, Rug Muncher, pointed out the price spike in the EBULL token following Buterin’s endorsement, which led to an influx of new investors.

https://twitter.com/CryptoRugMunch/status/1844420076218503632

Moreover, he warned that this type of exposure could benefit insiders who could sell their holdings at inflated prices, leaving smaller investors at risk. Rug Muncher emphasized the importance of transparency and thorough vetting of projects before prominent figures offer their endorsement.

The post Vitalik Buterin Offloads More Meme Coins Despite Criticism appeared first on Crypto News Land.

Ethereum (ETH), in line with its transition from proof of work (PoW) to proof of stake (PoS), still has a long way to go in its tech goals. In a recent post, Vitalik Buterin shared insights into the next major phase of the transition, dubbed The Merge. According to him, this is the most important aspect of the transition, and the core goal remains to enhance Ethereum's staking participation.

Musings on The Merge

As Vitalik Buterin noted, the push toward The Merge hinges on two major goals: achieving single-slot finality and democratizing staking. 

card

For the first goal, Vitalik Buterin proposes a scenario in which blocks are finalized in one slot. This will form a major deviation and improvement from two to three epochs, which is currently the time it takes to finalize a block. This current slot time takes approximately 15 minutes. Under the single-slot epoch Buterin proposes, this would take a few seconds or even a few minutes.

On staking democratization, the Ethereum cofounder wants to switch from a 32 ETH deposit to 1 ETH. This later proposition will enhance the economics of staking and ultimately keep the Ethereum protocol secure.

Buterin proposed three distinct solutions to achieve these goals. These include improving the signature aggregation protocol, introducing the Orbit committee mechanism and implementing a two-tier staking system.

Ethereum constantly improving

Known as one of the most vocal personalities on the Ethereum network, Vitalik Buterin has continued to set high standards for ecosystem innovators. Recently, he hinted at plans to withdraw support for layer-2 solutions that have not attained stage 1.

card

This hinges on how decentralized their operations are, a feature required for governance and overall security. Through the Dencun Upgrade, the Ethereum main chain has already empowered L2 protocols with very low fee updates. 

Beyond this, the ecosystem welcomes new chains like Uniswap’s Unichain, all of which can help reposition Ethereum as the dominant L1 chain.

A new week has started mainly bullish for most of the coins, according to CoinMarketCap.

Top coins by CoinMarketCapBTC/USD

Bitcoin (BTC) is one of the biggest gainers today, going up by 3.2%.

Image by TradingView

On the daily chart, the rate of BTC is growing after yesterday's bearish closure. 

card

If buyers can hold the gained initiative until the end of the day, there is a chance to see a test of the resistance of $66,450 soon.

Bitcoin is trading at $64,943 at press time.

ETH/USD

Ethereum (ETH) has followed the upward move of BTC, rising by 3.36%.

Image by TradingView

The rate of ETH is going up after the breakout of the $2,499 level. Until the price is above that mark, bulls are controlling the situation on the market. In this case, one can expect ongoing growth.

Ethereum is trading at $2,563 at press time.

XRP/USD

XRP is the least gainer today, as its rate has increased by only 1.08%.

Image by TradingView

On the daily time frame, traders should pay attention to the level of $0.5444. If it breaks out and the candle closes with no long wick, there is a chance to see a test of the $0.56 range shortly.

XRP is trading at $0.5402 at press time.

The trade price of Ethereum showed a significant increase compared to Bitcoin, as two major development proposals were suggested by its co-founder, Vitalik Buterin.

The current trade price of Ethereum (ETH) is $2,631, which is 7.85% higher over the last 24-hour period.

The current trade price of Ethereum is $2,638 pic.twitter.com/Xst8yB3dNU

— Bitcoinik (@Bitcoinikdotcom) October 14, 2024

Most of the change in Ethereum’s trade price took place within the last 12 hours.

#Altcoins #Ethereum #ETH is gearing up for a strong move upward. 📸🚀 pic.twitter.com/tUv2ickdBX

— Titan of Crypto (@Washigorira) October 14, 2024

Vitalik Buterin proposes two new developments

Today, Ethereum’s core co-founder Vitalik Buterin proposed two key changes through a new article.

Possible futures of the Ethereum protocol, part 1: the Mergehttps://t.co/JycODdM4wW

— vitalik.eth (@VitalikButerin) October 14, 2024

In the article, Vitalik discussed improvements to Ethereum’s Proof of Stake (PoS) system, suggesting two main updates. First, he aims to make block confirmations happen in a single slot, meaning transactions would be finalised faster. Second, he wants to make staking more accessible by lowering the staking requirement to just 1 ETH. To achieve these, he proposed three solutions: improving how signatures are aggregated, introducing a new group of validators called the Orbit committee, and implementing a two-level staking system.

In short, Vitalik’s proposals focus on speeding up transaction confirmation and allowing people to participate in staking with just 1 ETH.

Vitalik offloads a large amount of meme coins for Ethereum

On October 13, 2024, Vitalik sold a large amount of memecoins, receiving 257.1 ETH ($636K). On the same day, he also sold another eight meme tokens, securing 651.4 ETH ($1.61M).

Vitalik sold 8 Meme tokens in the past 40 minutes for 651.4 ETH ($1.61M), including MSTR Milo POPCAT TCATI VITALIK MOODENG FWOG EBULL.

— Wu Blockchain (@WuBlockchain) October 13, 2024

According to reports, Vitalik sold these meme tokens solely for making donations.

This year, Vitalik faced huge criticism from ETH investors, who slammed him for selling a large amount of ETH coins. Later, Vitalik clarified that he never sold a penny from his personal ETH holdings.

Read also: Bitcoin Bull MicroStrategy’s Saylor Offers Free “Bitcoin Crash Course”

We continue with our column of digital asset analysis, with market statistics and news of the crypto SUI, Kaspa (KAS), and Ethereum.

Prices and market statistics of crypto crypto SUI, Kaspa (KAS), and Ethereum (ETH)

SUI is a cryptocurrency with a current price of 2.25 USD and a market capitalization of 6.2 billion USD, placing it at the 17th position in terms of popularity in the crypto market. In the last 24 hours, the trading volume reached 1.2 billion USD, indicating high activity and interest from investors.

With a circulating supply of 2.8 billion SUI, the coin maintains good liquidity and accessibility for traders. Investors tend to hold SUI for an average period of 31 days, which suggests that many opt for short-term strategies, perhaps speculating on price fluctuations or responding quickly to market dynamics. 

KAS is a cryptocurrency with a current price of 0.14 USD and a market capitalization of 3.4 billion USD, indicative of growing interest in the crypto landscape. In the last 24 hours, the trading volume reached 28.2 million USD, a figure that shows good market activity, although lower compared to more established cryptocurrencies.

With a circulating supply of 24.9 billion KAS, this cryptocurrency has a rather high availability, helping to keep the price at relatively low levels. 

Ethereum (ETH) is one of the most important cryptocurrencies, with a current price of 2,530.17 USD and a market capitalization of 302.9 billion USD, positioning it in second place in terms of popularity. 

With a trading volume in the last 24 hours amounting to 12.9 billion USD, Ethereum enjoys significant liquidity and market activity, reflecting the wide adoption of its platform and its decentralized applications (DApp).

The circulating supply of Ethereum is 120.4 million ETH, and investors tend to hold the cryptocurrency for an average period of 43 days, suggesting a medium-term investment strategy. 

The performance of the SUI token

The price of SUI has outperformed the main cryptocurrency projects, reaching a new all-time high (ATH) of $2.28 during the early Asian trading hours. With a trading volume of $1.18 billion, the cryptocurrency has shown significant interest from investors, who have pushed the price to record levels. This rally represents a bull trend for SUI, which stands out for its ability to compete with more established projects. 

The current momentum of SUI has fueled speculation that it could reach the 3-dollar threshold by the end of the fourth quarter (Q4). However, much will depend on the evolution of the broader market and external factors such as regulation and the performance of other cryptocurrencies. If the positive sentiment continues and demand remains high, SUI could indeed hit 3 dollars in Q4. 

On the other hand, any market corrections or sudden changes in global dynamics could negatively affect the price, slowing down this positive momentum.

The future of Ethereum according to Vitalik Buterin

Vitalik Buterin, one of the founders of Ethereum (ETH), published a comprehensive article on Warpcast on October 14, in which he discussed the future of Ethereum after the Merge and the possible improvements to the Proof of Stake (PoS) mechanism. 

Buterin highlighted crucial goals to make Ethereum even more efficient and accessible, including the possibility for validators to stake with just one ETH, thus lowering the entry barriers to participate in the network. Another key goal is the finalization of blocks in a single slot, which would improve the speed and efficiency of transactions. 

Despite the success of the transition to PoS with the Merge, Buterin emphasized that there are still areas within the existing structure that require improvements. These include the optimization of security and the decentralization of the network, which remain significant challenges for Ethereum.

 His article demonstrates the ongoing commitment to innovation and the expansion of the Ethereum ecosystem, maintaining a long-term vision to address technical challenges and promote the global adoption of the blockchain.