ETH price regains $4K as possible Ethereum 2.0 ‘full validator’ count hits 17-month low

The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders and investors to become “full validators” for its upcoming proof-of-stake blockchain. At the same time, the price of ETH has rebounded back above $4,000 on Friday, while Bitcoin (BTC) tries to reclaim $51,000 following this week’s “Elon candle” plunge. Eth2 validators wanted? On-chain data analytics platform Glassnode revealed that the number of externally owned Ethereum addresses (EOA) fell to its lowest levels in…

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BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, LINK

The astronomical rally in Ether (ETH) is not showing any signs of slowing down. The bulls easily cleared the overhead hurdle at $4,000 today, which also pushed the biggest altcoin’s market dominance to over 19%.  It is not only Ether that is witnessing sharp buying from traders. Litecoin (LTC) and Cardano (ADA) have also risen new all-time highs, suggesting a broad-based altcoin rally. However, Bitcoin (BTC) seems to have lost its momentum as it continues to struggle near the $60,000 mark. That has pulled its market dominance to below 44%…

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Almost twice as much ETH locked in DeFi as on exchanges: Glassnode

Ether is being locked up in decentralized finance contracts at an accelerating rate this year, while the amount held on centralized exchanges continues to fall. On May 7, on-chain analytics provider, Glassnode, shared a chart comparing the number of Ether deposited in Ethereum-based smart contracts to the number of ETH held on centralized exchanges over the past 17 months. Since the start of 2020, the share of supply represented by Ether on centralized exchanges has dropped more than a quarter, from roughly 17% to 12%. Over the same period the…

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The Eiffel Tower Non-Fungible Token Has Been Sold for 38 ETH – Sponsored Bitcoin News

sponsored OVR.ai has sold the Eiffel Tower, putting it for sale as Non Fungible Token on OpenSea for about $106.9K USD. In fact, the auction ended a few days ago, reaching a value of 38.6159 ETH. The Eiffel Tower NFT was a package of 60 OVRLands and it was on sale on Opensea for only a couple of days. The investor (AKA Camembert) who won the auction of Eiffel Tower is already known in the NFT world, as he’s already bought another famous non fungible token, the one of Cristiano…

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Several factors power ETH all-time high push

After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as developers continue to work toward the network’s integration with Eth2, which will see the blockchain part ways with its original proof-of-work consensus algorithm in favor of the touted energy and cost-efficient proof-of-stake consensus. While the technical details may not concern many day-to-day Ether (ETH) users and traders, the recent price action of…

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