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Ethereum

“Ethereum Savings” pays 7.5% per year for staking

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The technology company Staked launched, on Thursday (25), another investment tool with exposure to Ethereum (ETH).

According to the company to The Block, the goal of the Staked ETH Trust is to offer opportunities to traditional investors in the blockchain ecosystem, as well as reward them for staking.

Combination of the crypto-sphere with the traditional market

According to the company, the Staked ETH Trust offers a range of attractions to investors, including the most conservative.

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The fund promotes rewards for staking, a practice whereby a user “locks” his cryptocurrencies and receives income. According to the announcement, returns are 7.5% per year.

In addition, the minimum investment amount is US $ 25 thousand, about R $ 141 thousand. Investors will also need to accept an investment restriction for 12 months.

Thus, it is noted that the product is more destined for the exposure of institutional investors.

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Looking at the cryptocurrency market, Tim Ogilvie, co-founder and CEO of Staked, said that trading cryptocurrencies is a more laborious task for conservative investors.

Providing ETH exposure service for this group of investors can be very promising, the company understands:

“We believe that when staking is facilitated for a greater volume of capital, participation levels will increase significantly.”

Management

Staked saw conservative investors as an opportunity to enter the crypto management market.

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Although it is a new “environment” for the company’s executives, the Staked ETH Trust has already gone ahead of companies that have experience in the segment.

According to Staked, the product in evidence is the first on the market. Although other services, such as the Grayscale Ethereum Trust, also promote similar exhibitions, they do not include the annual participation of rewards.

Perception

Ogilvie says this is the best time for the launch. In the CEO’s view, the market is undergoing a “great evolution”, mainly with the interest of institutional investors.

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The executive also believes that EIP 1559, an Ethereum Improvement Proposal, will impact the crypto-sphere. This impact can cause “a decline in the overall supply of ETH”:

“Investors who like the hard limit of 21 million BTC will also appreciate the ultra-solid money that ETH offers.”

Finally, Staked’s co-founder said he plans to launch new products involving staking in the blockchain ecosystem.

Also read: XRP and Binance Coin may jump after correction, predicts analyst

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Read also: Scientist reveals: quantum computing will kill Bitcoin or not?

Read also: Digital currencies of central banks will reduce demand for cryptocurrencies

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Ethereum

Ether tops $4.2k, eyes record high

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The hit five-month highs of over $4,200 earlier today, extending Wednesday’s 7.3% gain – the biggest since Oct. 1. The price chart shows the path of least resistance is to the higher side, and record highs could soon come into play.

Ethereum
  • has convincingly breached the bearish trendline connecting May and September highs. Bitcoin topped similar resistance earlier this month and clocked new record highs of over $66,000 on Wednesday.
  • Ether has also flipped the September high of $4,030 into support.
  • There is little resistance overhead on the way to $4,379 – the record reached in May.
  • The relative strength index (RSI) on the 4-hour chart is signaling overbought conditions with an above-70 print. So, a pullback to former hurdle-turned-support at $4,030 may be seen before a continued rally to lifetime highs.
  • The options market is leaning bullish, with investors buying out-of-the-money or higher strike call options on expectations that U.S. regulators would soon approve an exchange-traded fund (ETF) tied to ether futures contracts.

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Ethereum

Ethereum Price Enters & Exits Discovery Phase In Hurry!! Will Altseason Be Triggered!

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The broader crypto space is fast approaching the $3 trillion mark with approximately 5% gains in 24 hours. Star cryptos of the space Bitcoin and Ethereum seems to be moving side by side with incredible gains from the start of the Q4. Especially, the most valued altcoin outperformed the flagship asset in terms of profits as well as liquidation. Here, we have brought enthralling analytics about the future of the coin!

Ethereum registers Stunning Onchain Activity! 

Looking at the clear picture of the space, Ethereum registered fresh breakthroughs in 24 hours. A recent report from Santiment, a crypto metric platform, highlighted post the launch of the EIP-1559 London hard fork upgrade, the altcoin gained traction of a new user base. Approximately, addresses with 1M to 10M ETH purchased 13.9% of the total coins in circulation in the last 24 hours. The rising activity indicates the increasing interest in the asset.  

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Another exciting report coming out from Skew, a crypto analytics platform. Highlighted that the Open Interest (OI) of CME Ethereum futures surged beyond $1 billion on October 21st, 2021. As the altseason is on the horizon and the Ethereum merger is scheduled to launch in early 2022, traders seem to be showcasing massive confidence towards the asset. 

Meanwhile, ByBt, a crypto analytics platform reported that there were about $27.59 million ETH liquidations took place in 24 hours. Which is more than Bitcoin, where BTC liquidations were about $20.37 million. Despite huge selling pressure, the star altcoin outperformed the most dominant asset with 7.95% profits in 24 hours. Traders are now looking out for long liquidations as the long versus shorts ratio stands at 1.04. 

Ethereum Price Enters Discovery Phase:

Ethereum price has just hit a new ATH of $4,366 and is trading at a decisive phase. As the pattern of the altcoin is entering its crucial compression zone, the breakout could take its value to the moon. The star altcoin is expected to retest between $3600 to $3800 before it begins with another uptrend. If a significant number of buyers fails to uplift the price action from there, then the asset could settle down at support levels between $3,200 and $3400. 

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Collectively, Ethereum price is having immense profits and if its decisive phase ends up on a positive note. Then the star altcoin could trigger the biggest altseason of the decade. The current price action of the coin could slowly pave the way for major altcoins with a larger market cap. Then, traders may shift their attention to coins with stronger fundamentals. From there, meme coins and the rest of the coins could boom. 

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Ethereum

Ethereum Price Enters & Exits Discovery Phase In Hurry!! Will Altseason Be Triggered!

Published

on

The broader crypto space is fast approaching the $3 trillion mark with approximately 5% gains in 24 hours. Star cryptos of the space Bitcoin and Ethereum seems to be moving side by side with incredible gains from the start of the Q4. Especially, the most valued altcoin outperformed the flagship asset in terms of profits as well as liquidation. Here, we have brought enthralling analytics about the future of the coin!

Ethereum registers Stunning Onchain Activity! 

Looking at the clear picture of the space, Ethereum registered fresh breakthroughs in 24 hours. A recent report from Santiment, a crypto metric platform, highlighted post the launch of the EIP-1559 London hard fork upgrade, the altcoin gained traction of a new user base. Approximately, addresses with 1M to 10M ETH purchased 13.9% of the total coins in circulation in the last 24 hours. The rising activity indicates the increasing interest in the asset.  

Advertisement

Another exciting report coming out from Skew, a crypto analytics platform. Highlighted that the Open Interest (OI) of CME Ethereum futures surged beyond $1 billion on October 21st, 2021. As the altseason is on the horizon and the Ethereum merger is scheduled to launch in early 2022, traders seem to be showcasing massive confidence towards the asset. 

Meanwhile, ByBt, a crypto analytics platform reported that there were about $27.59 million ETH liquidations took place in 24 hours. Which is more than Bitcoin, where BTC liquidations were about $20.37 million. Despite huge selling pressure, the star altcoin outperformed the most dominant asset with 7.95% profits in 24 hours. Traders are now looking out for long liquidations as the long versus shorts ratio stands at 1.04. 

Ethereum Price Enters Discovery Phase:
Ethereum price has just hit a new ATH of $4,366 and is trading at a decisive phase. As the pattern of the altcoin is entering its crucial compression zone, the breakout could take its value to the moon. The star altcoin is expected to retest between $3600 to $3800 before it begins with another uptrend. If a significant number of buyers fails to uplift the price action from there, then the asset could settle down at support levels between $3,200 and $3400.

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Collectively, Ethereum price is having immense profits and if its decisive phase ends up on a positive note. Then the star altcoin could trigger the biggest altseason of the decade. The current price action of the coin could slowly pave the way for major altcoins with a larger market cap. Then, traders may shift their attention to coins with stronger fundamentals. From there, meme coins and the rest of the coins could boom.

News Source

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