On Thursday, investor expectations ran high as Ethereum’s major hard fork upgrade went down. The upgrade which was essentially aimed at making improvements to five Ethereum proposals EIPs (EIP-1559) is expected to change and increase the speed of transactions and improve the incentivization of mining Ethereum. This improvement is expected to lure more investors into adopting Ethereum moving forward, as […]

After the launch of the much-awaited Ethereum London Fork on August 5th, Ethereum has been seen to be on a market-dominant level. Its price surges, especially since the beginning of 2021, have been far much higher than the crypto market leaders Bitcoin. Ethereum Gains More Than Bitcoin in The Markets The upgrade introduces simplicity in the Ethereum network and significantly […]

Ethereum miners have increased the gas limit following the EIP1559 upgrade that kicked in this Thursday. The gas limit is now voted up to 30 million units from 15 million set in April following the then increase in network fees. That’s in line with recommendations as the new fee algorithm sets a base fee at a level that targets 50% […]

Being the first most valued digital currency by market cap has given Bitcoin a lot of free PR and padded its credibility significantly. However, being the second most valued digital currency and holding onto the spot for years, is almost equally just as commendable for Ethereum. Its market cap of $328 billion remains attractive to investors, and its yearly price […]

The highly anticipated Ethereum London upgrade will get activated on August 5 as earlier scheduled. The London hard fork will usher in a plethora of improvements to the network and possibly make ether (ETH) a deflationary asset just like bitcoin (BTC). Ethereum London Hard Fork Goes Ahead After several months of anticipation and hard work by the Ethereum development team, […]

On Monday (August 2), three days after Ethereum’s sixth birthday and three days before the London hard fork is scheduled to go live on the mainnet, Ether’s price action is continuing to impress the crypto community. Last Friday (July 30), Ethereum celebrated its sixth birthday (since the mainnet went live on 30 July 2015). The original Ethereum white paper (titled: “Ethereum White […]

The vast majority of ethereum nodes has upgraded for the fee market reforming Ethereum Improvement Proposal (EIP) 1559 which is to take effect this Thursday. According to data from Ethernodes, 57% of live clients are ready while 42% are spending the remaining 2-3 days to upgrade as pictured above. Geth nodes need to be version 1.10.6, with 54% of them […]

Also from the chart, the following can be observed: Ethereum’s death cross could occur around mid-July to early-August The 50-day moving average is also acting as considerable resistance for Ethereum at current levels of $2,380 Ethereum’s daily trade volume is in the green, confirming renewed buying interest in Ethereum The daily MACD is also confirming a bullish trend The daily […]

EIP1559 Could Cause a Bounce, But It Might be a Dead Cat Bounce In the concluding remarks of the elaborate report, the team at Santiment went on to caution that Ethereum could experience a dead cat bounce leading up to, or after the implementation of EIP1559. They explained this scenario as follows. It’s all speculative at the moment and no […]