Was Ether’s Bitcoin-Beating Surge a One-Off, or Has The Tide Really Turned?
Key options market gauge suggests ether could continue to see more action than bitcoin in the coming weeks.
Key options market gauge suggests ether could continue to see more action than bitcoin in the coming weeks.
Fees spiked to as high as 270 gwei late on Thursday, the veri shows, temporarily touching a level last seen in June 2022.
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether’s bullish outlook.
While unrelated to the actual Grok service, the inspired tokens are quickly gaining a following among low-cap traders.
In March, Ether.fi raised $5.3 million in a seed round led by North Island VC.
Staking yields have dropped to 3.5% from above 5% in the last few months, the report said.
The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.
The latest price moves in crypto markets in context for Oct. 10, 2023.
The ratio has declined nearly 30% since Ethereum’s Merge upgrade in September 2022.