That means we expect prices to either stay the same or fall, In July and August, investors were piling into ETH because of bullish sentiment around the. Ethereum Prices (August 7, – October 16, , $) Ether too was consumed by the cryptocurrency crash (also known as the bitcoin crash) and. Ethereum briefly suffered a flash crash on the GDAX exchange on Wednesday. The price fell from around $ to 10 cents in a matter of seconds. ETHEREUM TOKEN EXPLORER

Lazio and FC Porto. Various reasons were cited for the rally, including the start of the football season, performance of the football club, the perceived undervalued sector with potential to serve billions of sports fans worldwide, the launch of Binance NFT ticketing for Lazio , or possibly a speculative pump. While Binance Fan Token only has four out of the 59 fan tokens listed the three football clubs and Alpine F1 Team , it makes up Investors are placing a premium on teams listed on Binance Fan Tokens, likely due to the greater reach of Binance and more features on offer.

While not a direct comparison, the fan token sector is a mere 0. Further, the intersection of the sports industry and crypto continue to grow. Just to name a few: FTX and crypto. Whether these multi-million dollar deals were signed for the main purpose of raising brand awareness amongst billions of global sports enthusiasts, or the crypto and sports industry see synergies to create killer crypto super-apps, remains to be seen.

However, it has spurned sectors like fan tokens, and gambling or esports platforms As mentioned earlier in the report, gambling is another sector which saw a substantial increase in market cap. These applications tend to offer, on top of other forms of payments, Bitcoin as the leading cryptocurrency. Other crypto options like Ethereum, Ripple, Litecoin and more may also be included. Regulatory concerns notwithstanding, cryptocurrencies and online gambling industry have numerous synergies — including being a secure, private, near-instantaneous form of transaction ideal for online transactions.

It is no surprise that one of the early Bitcoin use cases include being used in online poker tournaments. FUNToken offers online casino games, while CoinPoker is poker-focused, and Atari offers a wider range of classic video games and online betting, and a native Atari blockchain. This is due to the community burning over 3. The 1. One network to note is Arbitrum, a layer 2 Ethereum scaling solution that has not yet put out its own token.

The launch of its Nitro upgrade in August sets up developers to work on the network more easily, and has attracted interest from the DeFi community that brought its TVL to the largest among L2s. The zkBNB testnet was launched in early September, with plans to launch the mainnet by the end of If this overall interest in layer 2 continues to rise, we anticipate a rise in the number of layer 2-related coins and tokens listed on CoinMarketCap.

Blockchain Optimizations Besides Layer 2, ZKRollups Beyond Ethereum, the CMC team has seen a general trend of interest in layer 1 blockchains with optimization solutions that aim to solve the ongoing issues of transaction speed, high fees and more. Three layer 1 blockchains have stood out in their goals to optimize and scale. Aptos , a blockchain built with its native language Move, plans to launch its mainnet in winter Aptos Labs claims to solve problems of scalability with hybrid custodial options, a modular approach for transaction processing and embedded on-chain management protocols.

Quai Network aims to solve the scalability problem by running 13 blockchains in unison, using both sharding and what they refer to as proof-of-stake 2. However, Quai actually runs on proof-of-work, a consensus mechanism that they claim gives them significantly more transaction throughput due to their decentralized network validator sets and tangible value creation.

Sei Network , a DeFi layer 1 blockchain, aims to be a use-specific blockchain when comparing general-purpose chains like Ethereum and specific chains like Osmosis. Projects that offer real yields in ETH or stablecoins may be seen as a positive shift away from the days of unsustainable yield farming and into a DeFi space that would give actual revenue back to users. Decentralized Apps Based on their market and listings interactions, the CMC team is also seeing a rise in the creation of decentralized social apps, specifically cloned versions of existing apps and websites that make the claim to decentralization.

Two examples are Lens, a protocol from Aave Companies that offers an open-source tech stack to build infrastructure for social apps, and Radicle, which bills itself as a decentralized alternative to Github. Binance Labs also recently led a funding round for a Web3 digital citizenship project called Lifeform. Lifeform plans on implementing decentralized visual digital identity DID solutions to foster interoperability between the digital and the physical.

Domain Names An increase in interest in personalizing domain names through projects like Ethereum Name Service, which allows users to generate. Binance Smart Chain also offers a naming service known as BNS, allowing users to pick a native suffix like. It is also possible to use BNS with DNS names that you already own, even if they end in more traditional domains like. Solana is another blockchain that offers its own native domain naming service, allowing users to create.

The belief in the Web3 space is currently that personalized, decentralized domain names could eventually overtake centralized, traditional domains like. Financing After the rise and fall of the GameFi wave this year, the CMC team believes that financing might now be funneled instead towards more sustainable play-to-earn games. However, the CMC notes that funding for NFTs and metaverse-related projects is still quite high and shows no signs of slowing down.

DeFi protocols will continue to fundraise through the use of their own tokens, like Aave and Curve as example, according to the CMC team. Chapter 4: Crypto Users Around the World Top Coins From Regions South America has long been in the spotlight as a crypto hotspot, especially with the rise in play-to-earn gaming over the past few quarters.

Notably, only South American and African users had an interest in memecoins beyond Shiba Inu, potentially pointing towards a stronger trend in memecoins for developing regions. Europe and North America were also the only two regions to show an interest in visiting the Solana coin page on CMC, which is the only coin across all top regional interests that is not Bitcoin, Ethereum, a memecoin or a collapsed project. Top Countries on CMC Considering that CMC is the top of the funnel for many people searching for more information about cryptocurrency, we can extrapolate that an influx of visitors from a certain country means that there is a certain amount of crypto interest in that area.

At the top of the list, the majority of CMC users are coming from America. Even though cryptocurrency is a global phenomenon, U. Over the past year, there has certainly been enough crypto developments in the U. The year began with a U. The next largest countries coming to CMC all share a similar story of high inflation, an economic phenomenon that often leads to a surge in crypto interest.

Brazil not only saw an inflation rate of over However, we cannot rule out that Ukrainians may be using a local crypto data tracker as opposed to using CMC. US Users GB Users The charts in this section show the trend in CMC traffic in various countries, filtered with the criteria of high engagement users, thereby alluding to a higher-quality assessment of trend.

American and British CMC users had a similar visitation pattern — both groups tended to visit CMC in correlation with the rise and fall of the overall crypto market cap. When the market was down, they came to CMC less, when the market was up, they came more. Japanese Users Japanese users visited CMC more consistently, regardless of the overall market movement.

Thanks for reading our report! CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described.

Large ethereum miners are looking to upgrade their equipment , turning to cloud computing and AI ahead of the merge. Summary of ETH Analysis The bottom line is that crypto, including ethereum, will remain under pressure. The main near-term support would be Fed dovishness rather than any crypto-specific dynamics. We do not see this happening anytime soon. And for long-term investors, we still think some allocation to crypto makes sense — just like an allocation to equities also makes sense.

But be prepared for weakness in For all our latest analysis on crypto markets, click here. With the length of the blockchain continuing to grow and decentralised finance DeFi gaining ground over traditional finance, this new asset class is reshaping the investment landscape. We think ethereum is a worthwhile long-term investment.

However, we also note that ethereum is extremely volatile. That means it experiences large price movements over short periods. Before investing, you must understand the risks involved: you could lose all or a large portion of your investment. Never invest money that you cannot afford to lose. Success stories like these often give people FOMO — or the fear of missing out — if they do not invest immediately. However, to invest in cryptocurrency, we must first understand it. Crypto tokens are unlike any traditional asset class.

And they are all different. Just because you understand bitcoin, does not mean you know how ethereum works. Our video on bitcoin and ethereum fundamentals can help you understand how ethereum prices fluctuate and how to assess trends in important ethereum metrics. And the video below explains other cryptocurrencies that might put ethereum at risk.

Each currency has different underlying protocols and technology. That impacts how they trade, their volatility, and how you can value them. Some are more like stocks, others commodities, and others currencies. And each crypto token has a unique structure of supply. We think crypto markets are a worthwhile long-term investment. The technology can capture market share on some existing markets like payments and stock trading while creating new markets like valuable scarce digital assets.

Drawdowns provide good entry levels for exposure, but we would not go max long in an environment of rising central bank rates and falling global growth momentum. A crypto exchange is where buyers and sellers meet to exchange money for coins, coins for other coins, and coins for money.

Many options are available such as Coinbase, Binance. You also need access to a crypto wallet to store ethereum and other cryptocurrencies. Many exchanges provide these, but not all do. You can also buy ethereum on platforms like Paypal and Robinhood.

One way to cope with the volatility is to use dollar-cost averaging. Dollar-cost averaging is a strategy where you divide the total amount you want to invest across periodic purchases of the target asset. It simply means that you would invest the same number of dollars each month or quarter, regardless of market trends.

The idea is that when prices are high, you can afford less of the asset. But when prices are low, you can afford more. When the market recovers, you benefit from having bought more shares at the lower price. Please note that using this strategy will not always result in a profit or necessarily protect you from falling prices. Diversify Your Crypto Portfolio With the crypto landscape so volatile and diverse, managing risk in a portfolio is critical.

That essentially means position sizing and diversification — as with any other kind of investment. One of the best pieces of investment advice we have heard recently comes from Ari Paul, co-founder and CIO of Blocktower Capital, a crypto and blockchain investment firm. So, if you think bitcoin is too risky, you could size it at 0. Too risky is never a reason not to own an asset. If something is positive expected value, risk adjusted, and relatively low correlation, you have to own it.

That means we expect stable to falling prices. For in general, we think recession risks pose a risk to ETH and so now might not be the best time to buy ethereum if you have a medium-term outlook. We think ethereum is a good long-term investment for the next one to three years and are bullish overall. Since then, Ethereum has experienced several major bull runs. Since then, ETH price has been volatile and generally gone downwards. As with all investments, the value of ethereum can rise as well as fall.

We recommend small allocations and diversification of your portfolio. Never invest what you cannot afford to lose. Traditional wisdom says you should buy low and sell high. But whether you should sell ethereum depends on your investment horizon, risk appetite and financial goals. Although some website speculate that certain days of the week are better or worse then others for selling ethereum, we believe that any decision to buy or sell should be based on analysis of crypto fundamentals.

Appendix Ethereum as a Good Inflation Hedge Ethereum and bitcoin have historically been touted as a hedge for inflation. When inflation expectations rise, you would want the relationship between the cryptocurrency and inflation expectations to be at least positive.

This, historically, has held. However, since February, the relationship has broken down. Inflation expectations remained anchored while ETH prices have fallen. One operates using proof-of-work, like bitcoin. The other is a test chain what uses proof-of-stake.

The merge is an upcoming event where these two blockchains will combine, ending proof-of-work. Guest author Nikhil Shamapant explains more about the ethereum merge and what it could mean for ETH price in in his recent article. His areas of interest are in the applications of machine learning, deep learning and alternative data for predictive modelling of financial markets. The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction.

It should not be used as a basis for any investment decision or other decision.

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