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Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Unlocking New Territories: Ethereum (ETH) and Cardano (ADA) Users Discover the Charms of Koala Coin (KLC) - NewsBTC

Bitgert is making waves across the cryptocurrency industry due to the huge growth its experiencing. Its fast gaining momentum in this space due to the price progress it has achieved in recent years.

With over 100% growth in the last few months, speculations have been made regarding its future. It has been tipped by many investors to become a top coin, giving other major coins, like Ethereum, a run for their money.

Chances are high that this happens due to the solid structure on which Bitgert is built.

Bitgert operates via a mechanism called the Deflationary mechanism. This means that for every transaction conducted, a part of the transaction is burnt. This aggressive burning structure is one of the triggers to the continuous pump in the coins value.

This pump is noticed in the level of rise since the coins launch, marking over a 30,000% difference. Despite the launch, its market cap is still moderate, giving it a chance to pump even higher than it has achieved.

Several analysts have predicted it will outperform several top tokens soon.

Bitgert has shown some level of similarities with Ethereum in so many ways. Its compatibility with Ethereum Virtual Machine allows it to carry out blockchain contracts and supports Defi alongside NFTs. The structure with which Bitgert is built is centered on giving users the utmost blockchain experience, just as Ethereum is built. Both coins are also known to be of quality with massive potential in the future. It will be interesting to see what the future holds for both.

It is safe to say that Ethereum laid the foundation of smart contracts in the blockchain industry. However, it lacks in certain areas, which Bitgert has proven better at.

In terms of scalability, Bitgert has an edge with its zero gas fee compared to Ethereum and its high gas fee. This has made many investors opt for a better option and increased the performance of Bitgert.

Ethereum can not match the swift pace of carrying out transactions on Bitgert. This has drastically improved investors experience, making it easier to carry out transactions.

Bitgert is experiencing a flowing uptrend compared to Ethereum, which moves slower compared to Bitgert, making it quite evident as to why Bitgert is a better option.

Bitgert is clearly showing better potential than Ethereum. Comparisons on their individual market cap clearly show Bitgert has higher chances of going far beyond the moon, giving investors an excellent chance to make good returns. However, investors must carry out necessary research to gain better insight into the best option to follow.

To know more about Bitgert, Visit https://bitgert.com

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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The Bitgert Coin Phenomenon: A Worthy Competitor to Ethereum - NewsBTC

The Ethereum network recently hit the one million validator milestone, with 32 million Ether (ETH)currently staked, valued at approximately $114 billion based on current market prices.

On March 28, the Dune Analytics dashboard created by Hildobby to track Ethereum staking progress showed that the network achieved a validator count of one million, with the 32 million ETH staked accounting for 26% of the total supply.

The data also showed that around 30% of the ETH is staked using the Ethereum staking pool Lido, a liquid staking platform for proof-of-stake (PoS) cryptocurrencies.

Staking pools like Lido remain popular because they allow users with a smaller amount of ETH to pool their assets and participate.

Validators ensure the security of a blockchain by monitoring the network for any malicious transactions, such as double-spending, which is essentially spending the same currencies twice.

In Ethereum, validators participate in proposing and validating transactions within the network. Those who wish to participate in this process are required to stake 32 ETH. In return, they get a small portion of ETH as a reward.

While the number of validators could translate into higher security for a blockchain, some community members think too many validators could pose a problem.

Venture investor and Ethereum advocate Evan Van Ness said theres arguably already too much staked. Gabriel Weide, who runs a staking pool, believes that too many validators can eventually lead to failed transactions.

Meanwhile, Peter Kim, the head of engineering at Coinbase Wallet, said that while the number of validators is impressive, its artificially inflated by the 32 ETH cap. However, he suggested this may change soon.

Related: Vitalik Buterin on fix for Ethereum centralization: Make running nodes easier

As the number of validators continues to rise, Ethereum co-founder Vitalik Buterin proposed a way to improve the networks decentralization. On March 27, Buterin published a blog post proposing to penalize validators in proportion to their average failure rate.

If many validators fail in a given slot, each failures penalties will be higher. Such an approach could potentially reduce the advantage of large ETH stakers over smaller ones, according to Buterin.

Magazine: ETH a security? Celsius clawbacks, SBF says sentence too harsh: Hodlers Digest, March 17-23

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Ethereum reaches 1M validators, community thinks it's 'too much' - Cointelegraph

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 20,600 shares, an increase of 164.1% from the February 29th total of 7,800 shares. Based on an average daily volume of 460,500 shares, the short-interest ratio is presently 0.0 days.

Shares of ETCG opened at $16.89 on Friday. Grayscale Ethereum Classic Trust has a 52 week low of $4.71 and a 52 week high of $19.35. The stock has a fifty day moving average of $13.67 and a 200-day moving average of $10.92.

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Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Increase in Short Interest - Defense World

Ether (ETH) has been grappling with the $3,600 level for the past three days, yet it seems traders may have overlooked the fact that the ETH price has soared by 58.8% since February. While some market participants attribute the limited upside to uncertainty surrounding the likelihood of a spot Ether exchange-traded fund (ETF) being approved in the U.S., others contend that the surge in Ether futures open interest indicates strong demand from institutional investors.

The debate continues over the implications of the indictment by the United States Justice Department against the cryptocurrency exchange KuCoin. On one hand, the indictment is viewed as a negative for the industry due to the resulting tighter regulatory landscape. However, some argue that this event actually improves the prospects for the approval of a spot Ether ETF by May 25, the date by which the U.S. Securities and Exchange Commission (SEC) is expected to issue its final decision.

A complaint filed on March 26 by the U.S. Commodity Futures Trading Commission (CFTC) against KuCoin for illegal trading activities notably identified Bitcoin (BTC), Ether, and Litecoin (LTC) as digital assets that are commodities, falling firmly under the CFTCs jurisdiction. This stance appears to directly challenge the SECs assertions that Ether could be considered a security.

BlackRock CEO Larry Fink remarked in a March 27 interview on FOX Business that listing an Ether ETF could still be feasible even if the asset is classified as a security by regulators, as reported by Unchained Crypto. Meanwhile, in a March 27 update on the X social network, Bloomberg senior ETF analyst James Seyffart reiterated his prediction of a denial in May, noting that the CFTC has recognized Ether as a commodity since at least February 2021, when they allowed CME Ethereum futures to begin trading.

The growth of the Ether futures market is undoubtedly a positive development, as increased liquidity, particularly in the regulated Chicago Mercantile Exchange (CME) market, facilitates participation by hedge funds and large asset managers. However, the fact that aggregate Ether futures open interest achieved a new record high on March 28 should not be immediately interpreted as a bullish indicator.

It is important to note that Binance leads the pack, amassing $4.55 billion in ETH futures market positions, with Bybit trailing at $2.4 billion. Meanwhile, the open interest in CME Ether futures currently sits at $1.3 billion. Thus, attributing the recent surge solely to institutional investor interest would be oversimplifying the matter.

Moreover, in every derivatives market, the volume of long positions, those wagering on a price increase, invariably equals the volume of short positions, those betting on a decline. However, the demand for leverage can serve as an indicator of the market's bullish or bearish sentiment.

Perpetual contracts, or inverse swaps, include a rate that adjusts based on the demand imbalance for leverage. A positive funding rate indicates increased demand for bullish leverage positions, whereas a negative rate suggests a preference for bearish positions.

Recent data indicates a rise in the demand for leveraged long positions in ETH, with the current funding rate at 0.04%, or roughly 0.8% on a weekly basis. Typically, rates above 1.2% per week signal excessive optimism, suggesting that traders are presently moderately bullish.

To gauge professional traders sentiment more accurately, one should examine data from the Ether options market. The 25% delta skew provides insight into whether arbitrage desks and market makers are charging more for upward or downward protection. Specifically, a skew metric above 7% suggests expectations of a price decline, whereas excitement in the market usually results in a negative skew below -7%.

Related: Covered call options strategy, explained

The Ether option delta skew indicates balanced pricing between call and put options, aligning with a neutral market stance. However, a comparison with data from March 21, when the ETH skew metric showed signs of optimism, suggests that traders are now less optimistic about Ether's potential to surpass the $3,800 mark.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Ethereum futures open interest at all-time high Bullish or bearish? - Cointelegraph