Mediaboss Marketing

Ethereum and Bitcoin are two distinct powerhouses, each offering unique use cases and capabilities that are disrupting and transforming legacy institutions. Each has its maximalist devotees, but the trend is towards synergy and away from a zero-sum approach.

As the crypto ecosystem continues to expand, these two titans are driving innovation and adoption through different approaches. This article delves into Ethereum and Bitcoins unique strengths, showcasing their role in the evolving crypto landscape.

Ethereums journey began as an ambitious project, seeking to expand the possibilities of blockchain technology. While Bitcoin was supposed to excel as digital gold, Ethereums flexibility and adaptability have positioned it as the most popular blockchain.

Diverse applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming, contribute to Ethereums growing influence in the crypto space.

The DeFi sector, driven by Ethereums smart contracts, has fundamentally changed financial services. Users can now access a variety of products without relying on traditional intermediaries. Ethereum-based lending and borrowing platforms such as Aave and Compound, as well as decentralized exchanges like Uniswap and SushiSwap, grant individuals unparalleled control over their assets.

Decentralized autonomous organizations (DAOs) have also emerged, enabling communities to govern themselves and allocate resources through consensus. Projects like MakerDAO and the decentralized insurance platform Nexus Mutual exemplify Ethereums potential to foster innovation, attracting developers and users alike to its ever-growing ecosystem.

The NFT market exploded in 2021, disrupting the art, collectibles, and digital content industries. Ethereums blockchain stands as the backbone for this phenomenon, enabling artists and creators to mint unique tokens representing ownership of digital assets. These tokens, traded on platforms like OpenSea and Rarible, have democratized access to art and collectibles, connecting creators and collectors like never before.

Notable examples include the sale of digital artist Beeples Everydays: The First 5,000 Days for $69 million and the meteoric rise of CryptoPunks, a collection of 10,000 unique pixel art characters. Moreover, NFTs have become an essential tool for digital content creators, allowing them to monetize their work through royalties and secondary sales. Ethereums role in this transformative market demonstrates its potential to reshape industries and redefine value.

Blockchain gaming is another frontier where Ethereum shines. Developers leverage its robust capabilities to create immersive experiences, offering players new levels of ownership and engagement. Tokenized assets within these games grant players genuine ownership of digital items, which can be traded or sold in decentralized marketplaces.

Axie Infinity, a popular Ethereum-based game, allows players to collect, breed, and battle digital creatures called Axies. These Axies can be traded on a decentralized marketplace, creating a thriving in-game economy. Additionally, Ethereum-based games often feature decentralized economies, giving players the power to influence and shape in-game worlds. This innovation fosters deep engagement as players contribute to their virtual environments and earn rewards for their efforts.

Bitcoin, the original cryptocurrency, has remained the most valuable digital asset since its inception in 2009. Its ability to maintain value over time has earned it the moniker digital gold.

As a decentralized, finite, and censorship-resistant currency, Bitcoins strengths lie in its simplicity and security.

One of Bitcoins primary use cases is as a store of value. Its scarcity, with a maximum supply of 21 million coins, ensures that it remains a deflationary asset, making it an attractive hedge against inflation. Many investors consider Bitcoin a safe haven, similar to gold, during times of economic uncertainty.

In addition to its scarcity, Bitcoins robust security and decentralized nature have contributed to its enduring appeal. Its proof-of-work consensus mechanism, which relies on a vast network of miners, ensures the networks integrity and resilience against attacks.

Furthermore, Bitcoins global acceptance and liquidity make it an ideal medium for cross-border transactions. Lower fees and faster transaction times compared to traditional remittance services have popularized Bitcoin as a means of transferring value across borders.

Bitcoins position as the most valuable cryptocurrency is a testament to its unique qualities as digital gold and a reliable store of value. These attributes, combined with Ethereums versatility, demonstrate that both cryptocurrencies play crucial roles in the evolving blockchain ecosystem.

As Ethereum continues to gain adoption, questions arise about its potential to overtake Bitcoin as the leading cryptocurrency. Ethereums real-world applications span multiple industries, and its growing popularity is hard to ignore.

Nonetheless, the two cryptocurrencies serve different purposes. Bitcoins scarcity and established reputation make it a reliable store of value, while Ethereums versatility fuels its expanding use cases. It is not necessarily a zero-sum game, as both cryptocurrencies can coexist, fulfilling distinct needs within the market.

One notable development is Ethereums transition to Ethereum 2.0, which aims to improve its scalability, security, and sustainability through a shift from proof of work to proof of stake. This upgrade and others could further bolster Ethereums position as a leading blockchain platform.

Ultimately, Ethereums growth and development showcase its potential to challenge the status quo, pushing the boundaries of blockchain technology and establishing its place as a formidable force in the crypto world.

As the crypto landscape evolves, Ethereum and Bitcoin remain at the forefront, each commanding a loyal following. Ethereums innovative spirit challenges Bitcoins dominance, but both cryptocurrencies offer unique value propositions that appeal to different audiences.

Visa, the global payments giant, has already begun utilizing Ethereums blockchain to settle transactions in the stablecoin USDC. This move signifies the growing acceptance and adoption of Ethereums technology in mainstream finance.

Meanwhile, projects like Stacks aim to enhance Bitcoins capabilities by building smart contracts and other functions on top of its blockchain. Stacks demonstrates that Bitcoins potential extends beyond its status as digital gold, opening up new possibilities for the original cryptocurrency.

The future of cryptocurrency may hinge on the ability of Ethereum and Bitcoin to coexist and complement each other. Theyll likely both play crucial roles in shaping tomorrows economic terrain as the lines between digital gold and utility blur.

With the popularity of Layer 2 solutions such as Polygon and Optimism for Ethereum and platforms like Stacks for Bitcoin, the crypto ecosystem is poised to become even more robust and versatile. This progress opens up new possibilities for developers and users alike, sparking creativity across both platforms.

As the decentralized world continues to expand, the combined strengths of Ethereum and Bitcoin may lay the groundwork for a more inclusive, transparent, and efficient financial future.

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

See the original post:

Ethereum and Bitcoin: Diverse Use Cases Fueling a Dynamic ... - BeInCrypto

Cycle from November 9, 2022 low in Ethereum (ETHUSD) is in progress as a 5 waves impulse Elliott Wave structure. Up from Nov 9, 2022 low, wave 1 ended at 1742 and wave 2 pullback ended at 1372.49 as the chart below shows. Ethereum has extended higher in wave 3 with internal subdivision as an impulse in lesser degree. Up from wave 2, wave ((i)) ended at 1489.50 and dips in wave ((ii)) ended at 1416.80. The crypto currency extended higher in wave ((iii)) towards 1784.1 and pullback in wave ((iv)) ended at 1614.80. Final leg higher wave ((v)) ended at 1846 which completed wave 3.

Wave 4 pullback is now in progress to correct cycle from March 10, 2023 low before the rally resumes. Internal subdivision of wave 4 is taking the form of a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 1725 and rally in wave ((b)) ended at 1839.90. Expect wave ((c)) to end soon and Ethereum to extend higher. Potential target for wave ((c)) is 100% 161.8% Fibonacci extension of wave ((a)). This area comes at 1644.2 1719.1 as denoted with the blue box on the chart below. From this area, Ethereum should extend higher or rally in 3 waves at least.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Go here to see the original:

Elliott Wave suggests Ethereum (ETH/USD) at the support zone [Video] - FXStreet

The narrative of Ethereum Layer 2 solution tokens is heating up with the shift in focus to altcoins. Bitcoin and Ethereum price rallies grinded to a halt after the recent rate hike announcement by The Fed. Typically, this shifts focus to altcoins and token holders can benefit from the alt season and upcoming L2 airdrops.

Also read: Arbitrum's ARB token goes live, here is what to expect

Polygon Networks native token MATIC and MetisDAOs METIS have witnessed accumulation since March 12. This coincides with the time when market participants were hit by the global banking crisis. Typically, accumulation by token holders fuels a bullish thesis for the asset.

Based on data from Santiment, METIS is being accumulated by holders in different segments. METIS holders between 1-10, 10-100, 100-1,000 and 1,000 to 10,000 coins have been consistently accumulating the Layer 2 token, as seen in the chart below.

METIS accumulation by holders in different segments

Similar pattern is noted in Polygons native token MATIC. Token holders have been responding to the global financial crisis and the heating narrative of Ethereum L2s, scooping up MATIC since March 12.

MATIC accumulation by holders

Among other Ethereum Layer 2 tokens, MATIC and METIS have relatively high relevance and utility. The accumulation of these tokens is bullish for holders and is expected to influence price growth in the short-term.

Competition between Layer 2 solutions has intensified with new airdrop announcements and alt season narrative. This offers another benefit to users as protocols compete to offer lowest gas fees and fastest transaction processing.

Holding or trading L2 token is beneficial for traders, at the same time the prospect for earning free money comes from airdrop farming. Farming benefits protocols as users are attracted to liquidity of the platform and the strategy benefits users who collect airdrop tokens and sell on DEX or CEX.

Here is a list of long awaited airdrops after Arbitrums ARB goes live today.

This is a zero knowledge Layer 2 rollup on the Ethereum blockchain. It enables access to the Ethereum chain through MetaMask, boosting its utility for traders. The project recently opened for protocols to deploy their code on the zkSync mainnet.Users of the L2 can maximize their chances of gaining their airdrop by increasing their on-chain footprint on zkSync Era mainnet.

Another zk-based Ethereum rollup Starknet confirmed its STARK token. The Starknet mainnet was launched in November 2022 and total deposits climbed to $2.49 million after the Arbitrum airdrop announcement. Users are rushing to maximize their usage of Starknets mainnet for opportunity to participate in the STARK airdrop.

Scroll competes with zkSync and Polygons zkEVM. The rollup is completely compatible with the Ethereum Virtual Machine and replicates its design to make it easier for developers deploying their project on Scroll.The team launched on the Ethereum Goerli testnet and allowed public testing. Over 100,000 users accessed the testnet version, awaiting mainnet launch, which is scheduled for the end of the year.

Follow this link:

Ethereum Layer 2 rat race intensifies, here's how to benefit - FXStreet

BitcoinBTC and cryptocurrencies have rocketed higher over the last week as the Silicon Valley Bank-led banking crisis sparks worrying hyperinflation fears.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster

The bitcoin price has added almost 50% since early March, helping the ethereum price and other cryptocurrencies rally, due to rising expectations the Federal Reserve will pivot from its hawkish stance in the face of slowing inflation and bank collapses.

Now, Tesla billionaire Elon Musk has waded into the debate, sending a warning to U.S. president Joe Biden after the Federal Reserve raised interest rates again.

It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodexA daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

"The banks are melting," Musk replied to a Twitter post by Biden that referenced his administration's climate change achievements over his first year in office.

Three U.S. banksSilicon Valley Bank, Signature Bank and Silvergate Bankhave all collapsed this month, partly due to interest rate rises wiping out the value of the bonds they held. Both Silvergate and Signature were friendly toward bitcoin and crypto companies, fueling speculation their demise was somehow triggered by their involvement in the crypto space.

Meanwhile, shares in First Republic BankFRC have crashed 90% over the last month, falling again this week on reports it may need to raise more funds being thrown a $30 billion lifeline by larger rivals. In Europe, long-time basketcase Credit Suisse has been hastily sold to rival UBS in a deal that values it at a fraction of what it was worth just weeks ago.

This week, speaking after the Fed raised interest rates for a ninth-consecutive time, chair Jerome Powell described Silicon Valley bank as an "outlier" and that the financial system in general remained strong.

The bitcoin and crypto market has crashed along with stock markets since the Fed said in late 2021 it would begin hiking interest rates and tightening monetary policy slow inflation. The bitcoin price crashed to lows of under $20,000 from a peak of almost $70,000, while the ethereum price and other major cryptocurrencies saw similar declines.

Sign up now for CryptoCodexA free, daily newsletter for the crypto-curious

"After the collapse of Silvergate, Silicon Valley Bank and Signature Bank, the Fed reduced its aggressive rhetoric, which was a positive signal for financial markets despite the sharp drops in bank stocks," Ilya Volkov, the chief executive of Swiss-based international fintech platform YouHodler, said in emailed comments, adding bitcoin and crypto prices have held up well recently.

"The positive impact is also clearly seen in the bond market. The yield spread between 2-year and 10-year U.S. treasuries, the main indicators for financial professionals, significantly decreased lately. So a future 25 basis point increase by the Fed is already in the price."

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

Read the original here:

Banks Are MeltingElon Musk Sends Warning To Joe Biden And The Fed Amid Wild Bitcoin, Ethereum And Crypto Price Swings - Forbes

As Circles $USDC has lost ground, Tether-issued $USDT is now the dominant stablecoin on both Ethereum and Polygon.

Regulatory FUD from U.S. authorities has helped to catalyze a regime change in the world of cryptocurrency stablecoins, as $USDC has lost its dominant position to $USDT on both the Ethereum and Polygon blockchains.

The March 11 collapse of Silicon Valley Bank certainly shook crypto holders faith in the stability of $USDC (at least in the very short term), as it was disclosed that $USDC issuer Circle had more than $3 billion in reserves stored at the failed financial institution. $USDC suffered a major but brief de-peg, and it regained its $1 value a few days later, when Circle executives were able to reassure investors that the SVB collapse did not impact its ability to maintain the 1:1 backing for the stablecoin.

The apparent irony is that U.S. regulators statements and actions against stablecoins (notably $BUSD) have incentivized crypto holders to abandon stablecoins from U.S.-regulated issues (such as Paxos and Circle) in favor of issuers like Tether who are not subject to U.S. regulations.

According to DefiLlama, $USDC lost its dominant position on Ethereum to $USDT on March 18, a week after the SVB debacle. $USDc had accounted for the plurality of stablecoins on Ethereum since the beginning of 2022. However, $USDT rose to the top spot as it benefitted from investors switching out of $USD and, since December 2022, $BUSD.

The narrative on Polygon is different but has the same result: $USDT has surpassed $USDC as the dominant stablecoin on the Ethereum sidechain.

The wrinkles in the story, however, are that $BUSDs market share on Polygon was never significant; $USDC had always been the dominant stablecoin on Polygon; and $USDTs ascent came at the expense of $USDC and $DAI.

Perhaps most importantly, $USDT surpassed $USDC on Polygon on March 2, according to DefiLlama, more than a week before SVBs failure accelerated the abandonment of $USDC.

Overall, $USDT has strengthened its grip on the entire USD stablecoin marketplace, increasing its share of stablecoin holdings on all blockchains from less than 50% to nearly 60% since the beginning of the year.

The Tether-issued stablecoin accounts for almost all stablecoin holdings on Tron and is rapidly gaining even more ground on BNB Chain as $BUSD is being phased out.

One area where $USDC has maintained its edge over $USDT is on the fast-growing Arbitrum blockchain, where $USDC has 63% of the stablecoin market.

Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts - that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).

Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |

Polygon is a sidechain scaling solution that runs alongside the Ethereum blockchain allowing for speedy transactions and low fees. MATIC is the networks native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

Website | Twitter | GitHub | Reddit | YouTube

View original post here:

Circle FUD Fallout: Tether's USDT Surpasses USDC on Ethereum ... - BSC NEWS