Archive for the ‘Ethereum’ Category

If You Invested $100 In Bitcoin, Ethereum And Dogecoin In March 2020, Here’s How Much You’d Have Now – Benzinga

May 1, 2023 7:15 PM | 1 min read

Investors who have put money into major U.S. indices have enjoyed respectable returns since the bottom of the market in March 2020.

In fact, the SPDR S&P 500 ETF, Invesco QQQ Trust Series 1and SPDR Dow Jones Industrial Average ETF Trusthave returned 81.60%, 88.75% and 77.36%, respectively,since then.

As good as investors in the major U.S. indices have had it since 2020, a number of cryptocurrencies have performed that much better. Crypto bulls who bought when U.S. markets bottomed out in March2020 and held on for the long term, despite the ongoing volatility, have been treated to epic returns on their investments.

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See Also: 5 Stocks Feeling The Jitters Ahead Of Expected Fed Interest Rate Hike

Winners Since March 2020: Heres how much $100 in each of the following cryptocurrencies and stocks back at the bottom of the U.S. market in March 2020 would be worth today:

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Read Next:Apple And Microsoft Hit Record High Weighting In S&P 500 Index

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If You Invested $100 In Bitcoin, Ethereum And Dogecoin In March 2020, Here's How Much You'd Have Now - Benzinga

CoinMarketCap To Launch Crypto Reality Show Inspired By Shark Tank – Ethereum World News

CoinMarketCap, the crypto data aggregator site owned by the worlds largest crypto exchange, is venturing into the entertainment space with the launch of its very own reality TV show called Killer Whales. The show is inspired by Shark Tank, the popular investing show featuring billionaire investor Mark Cuban and former FTX

Dubbed the Shark Tank of crypto, Killer Whales will feature a panel of judges or whales, who will hear pitches from crypto entrepreneurs and decide if they wish to invest in them and provide mentorship. A recent update posted by Hello Labs on CoinMarketCaps blog revealed that crypto influencer duo Aaron Arnold and Austin Arnold, better known as Altcoin Daily, will produce and star in the reality show. Other judges include Cordell Broadus, AKA Champ Medici.

Sander Gortjes, the CEO of Hello Labs, recently took to Twitter to announce that the hunt for Web3 projects to feature in Killer Whales will begin on May 2, 2023. Starting tomorrow, crypto projects and entrepreneurs will be able to apply to enter and stand a chance to win the show. Killer Whale will begin filming in June 2023.

2022 was not a great year for cryptos reputation, dragged through the mud and branded as the wild west by the mainstream media. Killer Whales takes strides to rebuild trust and shine a light on the founders that are innovating.

To coincide with Killer Whales release, CoinMarketCap, and Hello Labs will also launch an exclusive Show Producer NFT collection. Holders of these NFTs will be able to influence key show decisions and be a part of the production. Hello Labs HELLO

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CoinMarketCap To Launch Crypto Reality Show Inspired By Shark Tank - Ethereum World News

Ethereum vs. Bitcoin: Which Cryptocurrency Is the Best Investment? – The Crypto Basic

Two of the most popular and well-known cryptocurrencies include Bitcoin and Ethereum. You may know a lot about each currency, but do you know what you should invest in?

These are both lucrative cryptocurrencies, but its important to know which one is more suitable for you.

Weve all heard of Bitcoin, as its one of the most popular cryptocurrencies around the world. Even people who dont know anything about crypto understand the value of Bitcoin.

Bitcoin is a digital currency that operates on a decentralized network known as the blockchain. It was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto.

Bitcoin has gained widespread attention over the years and is considered by many as a store of value and a means of payment.

Bitcoin news are constantly emerging, covering everything from price movements to regulatory developments. As more people and institutions adopt Bitcoin, its potential for disrupting traditional financial systems continues to grow.

Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts and decentralized applications (DApps). It was created in 2015 by Vitalik Buterin, and has since grown to become one of the most widely used blockchain platforms.

Ethereums native cryptocurrency is Ether (ETH), which is used to pay for transaction fees and to incentivize miners to maintain the network.

Ethereum news today covers a wide range of topics, including the latest price movements, new developments in the Ethereum ecosystem, and the launch of new DApps and decentralized finance (DeFi) protocols.

Experts say that Ethereum is predicted to replace Bitcoin. It was released in 2015, and its been growing increasingly popular over the years.

Ethereum is valued in ether tokens. It can help create smart contracts. Ethereum is even paramount for NFTs.

Now that you know what Bitcoin and Ethereum currencies are, lets discuss the common differences between them and how their value differs. The following factors will help you to determine which cryptocurrency is more suitable for you to invest in.

When comparing Ethereum vs. Bitcoin, both have their purposes that make this cryptocurrency of value to others. Bitcoin creates encrypted code that allows people to transfer money globally. Whereas, Ethereum is used for the payment of services and transaction fees.

Of course, one of the biggest differences between these two currencies is the price difference. Their value differs, as well as the fluctuation of their price.

As of April 2023, a bitcoin is valued at approximately $30,000, whereas the ether coin is traded for approximately $1,900.

Please note that these prices vary according to the market, but you can get a feel of how they differ in value.

Ethereum is a lot cheaper, which may be more convincing for investment because its lower risk. This means that if it does grow to its potential in the future, you can buy low now and sell for higher once its value appreciates.

One big difference of Ethereum vs. Bitcoin is the time it takes for you to add currency to the blockchain. It takes Bitcoin 10 minutes to add to the blockchain, whereas it is only around 1215 seconds for Ethereum.

Because Bitcoin is so popular, it is a lot more convenient to move around. Many establishments worldwide are more willing to accept Bitcoin as a payment option because of its credibility. Bitcoin can also be seen as less of a risk to invest in than Ethereum.

Due to Ethereum being a newer cryptocurrency on the market, its technology is more advanced than Bitcoin. You can see from its ability to add to the blockchain at a faster rate that its software is more technologically advanced.

The security of Ethereum is significantly better than that of Bitcoin, as transactions are secure and theres a reduced risk of entry for external threats.

After reading this article, you may still wonder to yourself which cryptocurrency you should invest in. Each of these cryptocurrencies has its benefits that may make it of more value to you. Its all about considering whether Bitcoin or Ethereum is more suitable or valuable to you.

Bitcoin may seem like the safer, more viable crypto to invest in, as its something everyone knows, accepts, and understands. However, there are some qualities of Ethereum that make it an underdog with lots of growth potential!

If you are really still undecided, and you dont know which crypto to choose, why not invest in both? These are both valuable cryptocurrencies that may end up being worth your while in the long run.

To learn more about cryptocurrency and the latest crypto exchange news in this industry, check out our other articles!

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ethereum vs. Bitcoin: Which Cryptocurrency Is the Best Investment? - The Crypto Basic

How to Reduce Ethereum Gas Fees? – LCX

Ethereum gas fees have been an important issue for those who use the platform. Gas fees are the fees that consumers must pay for each Ethereum transaction. The greater the fee, the quicker the transaction will be processed. However, gas prices can be an obstacle for some users, particularly those with modest transactions.

The Ethereum gas fee is the cost incurred whenever a transaction is executed on the blockchain. The operation of the Ethereum blockchain requires a certain level of processing effort, which is performed by cryptocurrency miners using Ethereum-based mining software.

The actual gas price is unknown until they complete the payment process and pay for the gas. However, to stimulate the transactions with the DeFi Saver app. First, develop an instruction for Ethereum activities, then virtually execute it. The real-world simulation will provide the anticipated and maximum ETH gas fee. It can then be modified to complete the instruction to reduce gas costs. Now, implement this instruction on the Ethereum network to reduce the gas fees.

Overcrowding is one of the main causes of higher gas prices. However, the volume of Ethereum transactions fluctuates throughout the day. Occasionally, the gas charge for the exact same transaction that cost an additional ETH a few hours ago will be lower.

However, learning about such instances can be monotonous. It will also hinder productivity, as it will need to continually check gas prices at various times. Therefore, users can view a detailed graph of weekly gas prices on the Ethereum Gas Charts webpage. Users can also perform a trick by avoiding work on weekdays. Even if they must submit a transaction during the week, do so after midnight. They may wish to delay their trip until the weekend, when gas prices are typically lower.

Depending on the sort of transaction, the gas fee varies on the Ethereum blockchain. To save money on gas fees, users may wish to organize and implement similar transactions simultaneously. Consider that they have two Ethereum addresses, each containing 1,000 tokens. Now, if users intend to store all tokens in a new DApps crypt in order to earn higher returns. To avoid spending money on gas fees, it is possible to send every token to a single address and then secure 2,000 tokens in only one transaction.

There are Ethereum ventures and DApps with lower or subsidized gas compared to the market. Balancer is a platform of this type. It offers up to 90% gas fee reimbursement in the manner of the BAL token. Balancer significantly reduces the gas fee for high-frequency traders by performing trades without exiting the vault.

Some DeFi applications, such as KeeperDAO and Yearns V2 Vaults, consolidate user transactions. Each user pays the gas fee collectively rather than individually. This strategy substantially reduces the price.

When users delete data elements on the Ethereum network, they can receive reimbursements in the form of ETH. It is the foundation for gas tokens. When the fee is low, a substantial quantity of gas tokens can be minted. When users need to conduct a transaction on the network, they must exchange their gas tokens for ether. Use the rewarded ETH to pay for the gas. GasToken.io is a well-known initiative that enables the minting of gas tokens.

Reducing Ethereums gas fees has multiple benefits for consumers. It could make the system readily available to small-scale business users who were previously priced out due to high gas costs. This can boost the adoption of decentralized applications and encourage growth on the platform.

Reduced gas fees can make it less costly for users to conduct transactions on the platform, leading to an increase in usage and adoption. This can contribute to the development of an ecosystem that is stronger for designers, investors, and consumers.

Moving to reduced gas fees can help enhance the platforms overall user experience. By reducing gas fees, users can appreciate more rapid and affordable transactions, which can be an important obstacle for them.

The reduction of Ethereums gas fees is a crucial step in making the platform affordable, readily available, and user-friendly. Considering that Ethereum gas fees are the fuel of the Ethereum network, comprehending them is essential for executing transactions on the network. By following a few simple guidelines, such as waiting for weak-traffic instances before offering a transaction, adjusting the user wallets fee settings, comparing rates, and utilizing scaling solutions such as Polygon, they can save on gas fees and ensure that all the transactions undergo processing easily and swiftly.

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Bitcoin, Ethereum And Dogecoin Consolidate Ahead Of The Weekend: What To Watch Saturday, Sunday – Benzinga

Bitcoin (CRYPTO: BTC) was consolidating during Fridays 24-hour trading session, in tandem with spot gold, which was trading flat.

The apex cryptocurrency and gold settled into inside bar patterns on the daily chart, whileEthereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) followed suit, forming the same consolidation pattern.

In contrast, the general market was spiking higher, with the S&P 500 climbing about 0.6%.

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An inside bar pattern has more validity on larger time frames (four-hour chart or larger). The pattern has a minimum of two candlesticks and consists of a mother bar (the first candlestick in the pattern) followed by one or more subsequent candles. The subsequent candle(s) must be completely inside the range of the mother bar and each is called an "inside bar."

A double, or triple inside bar can be more powerful than a single inside bar. After the break of an inside bar pattern, traders want to watch for high volume for confirmation the pattern was recognized.

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The Bitcoin Chart: Bitcoin started to rebound on April 26 after forming a rounded-bottom pattern beginning on April 20. On Thursday and Friday, Bitcoin was forming a double inside bar pattern to consolidate the rebound.

Traders and investors can watch for the crypto to break up or down from Wednesdays mother bar on higher-than-average volume on the weekend to indicate future direction. The consolidation pattern leans bullish because the crypto was trading higher prior.

Bitcoin has resistance above at $31,418 and $35,593 and support below at $28,690 and $25,772.

The Ethereum Chart: Like Bitcoin, Ethereum was working to print a double inside bar pattern on Friday, with the last two days price action taking place within Wednesdays range. Like Bitcoin, Ethereums inside bar lean slightly bullish but traders can watch for a break of the pattern on higher-than-average volume.

If Ethereum breaks down from Wednesdays mother bar, bullish traders can watch for the crypto to reverse and bounce up from the 50-day simple moving average (SMA), which has been acting as support since April 24.

Ethereum has resistance above at $1,957 and $2,150 and support below at $1,846 and $1,717.

The Dogecoin Chart: Dogecoin was also printing a double inside bar pattern on Friday and holding above support at the 50-day SMA. If Dogecoin breaks up from the pattern, bullish traders will want to see the crypto regain the 200-day SMA as support.

For Dogecoin to regain that level, much more volume will be needed. Dogecoin has been trading on lower-than-average volume recently, which indicates a current lack of interest in the crypto.

Dogecoin has resistance above at $0.083 and $0.091 and support below at $0.075 and at 7 cents.

Read Next:Hong Kong Banks Are Embracing Crypto Companies Despite Skepticism Across The Globe

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Bitcoin, Ethereum And Dogecoin Consolidate Ahead Of The Weekend: What To Watch Saturday, Sunday - Benzinga