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Last week, the core developers of Ethereum blockchain came with patches for Prysm Labs and Teku clients. As both of these blockchains were facing finality issues. In a tweet, a Ehereum developer has noted that the Beacon chain was having some confirming transactions issues. However, the new blocks could be proposed, while the un-identified issue prevented their finalization.

Notably, this outage continued for almost 25 minutes. Then just after that day, a similar issue once again occurred that prevented block finalization for more than an hour. Regarding the recent finality issues on the Ethereum beacon chain, the self-described Ethereum Beacon Chain community health consultant also shared a video.

Furthermore, Ben Edgington, the Founder and product Lead of the Teku ETH2 Client also noted about the issue in his tweet. As he wrote, Lots of people asking how much ETH was burned by yesterdays inactivity leak. Back of envelope (assumes 8 epoch leak, 65% validators offline): About 28 ETH (c. 0.0006 ETH/offline validator). However, attestation rewards were zero for the duration, so thats ~50 ETH not issued.

At press time, the price of Ethereum (ETH) was trading at $1803.3, with a 0.40% surge in the last 24-hours. Similar to Bitcoin (BTC), ETH also shows bearish trends in its weekly and monthly price analysis. The second most traded cryptocurrency by market cap dropped by nearly 5% in recent 7-days, while noted almost 11% decrease in 1-month, according to Tradingview.

In the last 24-hours, ETH noted its low at $1788.48 while high was at $1810.38. It has 24-hour trading volume of $4.39 Billion, and has a current market cap of $221.54 Billion.

As shown in the above chart, the current trading price of ETH is above from its 100-day EMA. As the bulls just started showing their dominance, they try to push the ETH price upside. Meanwhile, this push may take the price near to its 50-day EMA. The RSI also started traveling upside in recent hours, as bulls started showing their strength.

It must be noted that currently, most of the cryptocurrencies are showing a bearish trend. According to CoinMarketCap, the global crypto market cap is $1.12 Trillion, a 0.01% decrease over the last day. Additionally, the total crypto market volume over the last 24 hours is $20.89 Billion, which makes a 37.14% decrease.

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

Continued here:

Beacon Chain Update on Ethereum Network; ETH Price Analysis - The Coin Republic

The blockchain environment has unfolded as a captivating realm, where Bitcoin (BTC) and Ethereum (ETH) have emerged as prized jewels, serving as valuable commodities. In Argentina, amidst the tumultuous economic landscape, BTC has served as a haven for locals seeking refuge. However, the advent of Signuptoken.com (SUT), promising up-and-coming crypto with unique features, has stirred curiosity and excitement. Its emergence has sparked wonder and speculation, hinting at a potential shift in the blockchains dynamics.

In the realm of cryptocurrencies, Bitcoin continues to hold its throne as the reigning crypto king, as evidenced by its recent all-time price high in Argentinian pesos. This remarkable achievement speaks volumes about the struggling state of the fiat currency in Argentina, which has been plagued by soaring inflation since 2018. Despite the volatility in the crypto market, BTCs popularity continues to surge in Argentina, with its current trading price of approximately ARS 6,393,170.26 or $28,954.97 (at the time of this writing), maintaining a significant value compared to other cryptocurrencies.

Signuptoken.com, a new player in the crypto sphere, may face challenges in catching up with the well-established status of BTC. Although Signuptoken.com may offer unique features and enticing opportunities, it may have a hard time surpassing BTCs dominance, given its widespread adoption and recognition in the cryptocurrency world. As BTC continues to gain momentum, SUT must navigate the competitive landscape and make a distinct mark to establish its presence and potentially compete with the reigning crypto king.

Ethereum continues to reign supreme in the crypto landscape, unfazed by recent withdrawals from its staking program which has now entered its third round. Despite investor trepidations about the enormous exodus of staked Ethereum since the advent of the Shapella upgrade on April 12, the equilibrium of staked ETH remains unwavering. This may be mainly because deposits and withdrawals of this digital asset balance out.

As per the best on-chain analytics tool Nansen, over 18 million Ether are staked, valued at a staggering $35 billion this Monday, representing an impressive 15% of the total Ether supply. Also, recent data from Token Unlocks exclaims that the insatiable appetite for staking Ether persists, with nearly a million ETH deposited since April 12.

Given the established position and popularity of Ethereum in the crypto market, newcomer Signuptoken.com may find it difficult to compete with the longstanding reputation and widespread adoption of Ethereum.

Signuptoken.com, a newbie in the blockchain space, has the potential to eventually compete with established crypto leaders like Bitcoin and Ethereum.

Bitcoin and Ethereum have a dominant position in the cryptocurrency market no doubt about that. But, Signuptoken.com may have an opportunity to carve out its niche, which its starting to do via its plethora of unique offerings, from its crypto referral to its digression from usual presale tactics. Its recent commitment to dropping 100% of its token supply upon launching has also grabbed the attention of its growing user base and potential investors.

Signuptoken.com can also outrank Bitcoin and Ethereum as it has the edge of learning from the successes and failures of the crypto giants. By analyzing the shortcomings of established cryptocurrencies, Signuptoken.com could develop a more efficient, secure, or user-friendly blockchain platform.

However, recognizing that it would be difficult and take a lot of time, money, and persistent attempts to compete with Bitcoin and Ethereums market domination is also vital. In the fiercely competitive world of cryptocurrencies, Bitcoin and Ethereum have a solid foothold thanks to their substantial user bases, solid infrastructure, and well-established ecosystems.

The blockchain landscape is known for its fast-paced nature, and Signuptoken.coms potential to surpass Bitcoin and Ethereum is yet to be revealed. However, one thing is certain: Signuptoken.com is forging a path for its growing market that will provide countless prospects for financial success.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

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Bitcoin And Ethereum Quiver As Signuptoken.com Soars Into The ... - Analytics Insight

It has been a horrendous last 30 days for blue-chip Ethereum [ETH] NFTs in the market with a handful of them experiencing significant downturns in value. However, out of the top 10 collections in market capitalization, only two were able to flee from the nose-diving state.

Realistic or not, heres ETHs market cap in BTC terms

According to IntoTheBlock, these escapees were not Bored Ape Yacht Club [BAYC] or Mutant Ape Yacht Club [MAYC].

Instead, Autoglyphs, the first on-chain generative art on the blockchain, and Azuki were the ones able to salvage what was left of a widespread decreasing floor price.

The data from the blockchain insight platform showed every other collection had to deal with a double-digit decrease in price. And for BAYC, much hasnt happened since its floor price went below the 50 ETH mark.

This implied that interest in buying and selling these non-fungible tokens has waned.

However, the 4.70% and 1.44% hike in the value of the aforementioned performing assets were not able to lead them to the top of the standing in volume despite registering growth.

Despite the decrease in value of both MAYC and BAYC, they sustained the first and second positions respectively in terms of volume.

The volume describes the total number of successfully completed transactions in one collection via the Ethereum network.

Therefore, the 593,900 and 553,000 ETH recorded by both Yuga Labs-created collections means that traders were necessarily selling their stakes in the assets.

Following the drop in prices, sales volume on the Ethereum blockchain fell incredibly. According to CryptoSlam, the metric decreased by 19.89% in the last seven days. This left the volume at $450.11 million.

Furthermore, the buyer count has also shrunka 59.28% decrease within the same period. Thus, this also impacted the total transactions and wash volume negatively.

Earlier, IntoTheBlock reported that Ethereum was not the only blockchain affected by the dwindling interest. But despite a quick resurgence in February, addresses buying NFTs fell to their lowest since 2021.

Is your portfolio green? Check the Ethereum Profit Calculator

Additionally, the broader Ethereum ecosystem, liquidity, and infrastructure contributed to the resilience of these NFTs before the recent dump. However, collectors and investors may not be wary of trading these assets for quick gains.

But as the NFT market continues to mature, it will be interesting to see how these lesser-known projects fare and whether they can continue to defy market trends.

Read more from the original source:

These Ethereum NFTs escaped plunging, and its not BAYC or MAYC - AMBCrypto News

If you have ever used Ethereum to process transactions on the Blockchain, you might have noticed that the gas fee is not cheap. Gas fee is the amount of Ether that you pay to the network for processing your transaction. The gas fee depends on two factors: the gas price and the gas limit.

The gas price is the amount of ether that you are willing to pay for each unit of gas, and the gas limit is the maximum amount of gas that your transaction can consume. The higher the gas price and the gas limit, the higher the gas fee.

Why is the Gas Fee so high on Ethereum Network?

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The main reason is that Ethereum is a popular platform for decentralized applications (dApps) that run on smart contracts. Smart contracts are pieces of code that execute automatically on the blockchain according to predefined rules.

However, smart contracts also consume gas when they are executed, and some of them can be very complex and require a lot of computation. Therefore, when there is a high demand for dApps and smart contracts on Ethereum, the network becomes congested and the gas fee increases.

There are a few ways to save on gas fees when using Ethereum. One way is to adjust your gas price and gas limit according to the network conditions. You can use tools like Etherscan or EthGasStation to check the current average gas price and the recommended gas price for fast or slow transactions.

You can also use MetaMask or other wallets that allow you to customize your gas price and gas limit before sending a transaction. However, you should be careful not to set your gas price too low or your gas limit too high, as this might result in your transaction being rejected or stuck in the network.

Another way to reduce the gas fee on Ethereum is to use layer 2 solutions or sidechains. Layer 2 solutions are protocols that run on top of Ethereum and provide faster and cheaper transactions by using different consensus mechanisms or off-chain computation.

Some examples of layer 2 solutions are Optimism, Arbitrum, Polygon, zkSync, Loopring, and StarkWare. Sidechains are independent blockchains that are compatible with Ethereum and allow users to transfer assets between them.

Some examples of side chains are xDai, Binance Smart Chain, Avalanche, and Fantom. By using layer 2 solutions or sidechains, you can avoid paying high gas fees on the main Ethereum network.

Ethereum gas fee is not cheap because of the high demand for dApps and smart contracts on the platform. However, you can reduce the gas fee by adjusting your gas price and gas limit or by using layer 2 solutions or sidechains. These DApps and smart contracts require a lot of computation and storage, which consume a lot of gas.

Moreover, Ethereum has transitioned to a proof-of-work (PoW) consensus mechanism, which requires a lot of energy and resources to secure the network. PoW also limits the scalability of Ethereum, as it can only process around 15 transactions per second.

PoS has helped stimulate lower gas fees significantly on the Ethereum network, as it will reduce the need for intensive computation and competition among miners. Ethereum is not cheap, but it is valuable.

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Ethereum Gas Fee is on the High End - Tekedia