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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    100 XRP Needed To Become A Millionaire? Research Suggests

    100 XRP Needed To Become A Millionaire? Research Suggests

    Bitcoin Price Could Surge To $22K, Why BTC Remains Supported

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    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

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    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Why BTC Bears Remain In Control Below $50K

    Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $28K

    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

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Here’s What Might Hold Back Ethereum (ETH) From Hitting $5000 In Near Term

2021-11-10
in Altcoins
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Uptrend Eyes $3676.28 Target, Here’s Next Important Price Levels
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The world’s second-largest cryptocurrency Ethereum (ETH) has been intently following Bitcoin’s footsteps because it touched an all-time excessive of $4,800 earlier this week on Monday, November 8. Nevertheless, ETH at present appears to be like below a little bit of promoting stress missing sufficient help from the bulls to push it previous the $5000 milestone.

As of press time, ETH is buying and selling 1.76% down at $4,707 with a market cap of $560 billion. However one main roadblock to Ethereum’s additional rally might be its excessive fuel charge. The common price of the ETH fuel charge has touched the best in 5 months. As per on-chain information supplier Santiment:

Ethereum is sitting at ~$4,780 on the time of this writing, and optimism that $5k is across the nook seems excessive. One of many few issues holding $ETH again is the truth that the common community charge sits at $63.50, which was final this excessive on Might twelfth.

Courtesy: Santiment

Ethereum Rivals Gaining Traction

Ethereum (ETH) has been one of many top-performing cryptocurrencies this yr in 2021. The Ethereum blockchain has witnessed excessive DeFi and NFT exercise this yr.

Nevertheless, the excessive transaction prices have been a deterrent for brand spanking new DeFi gamers. Thus, they’ve been shifting to different competing and various platforms like Solana (SOL), Polkadot (DOT), and plenty of others.

As now we have seen, Solana (SOL) witnessed a staggering bull run over the previous few months making its solution to the top-five crypto-list final week. Solana has emerged as a real Ethereum challenger with its excessive transaction throughput and low-cost transactions. Solana has additionally been the house for a number of DeFi protocols and has greater than $15 billion in total-value locked (TVL).

Different upcoming gamers within the section are Avalanche (AVAX) and Fantom (FTM). Nevertheless, Ethereum nonetheless stays miles forward in the case of dominating the general DeFi exercise.

However all eyes are at present on Ethereum 2.0 growth which can massively explode the community scalability whereas bringing down the transaction prices.



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