Secret revealed: How to easily buy Ethereum and make a fortune in the cryptocurrency market!

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dapps). It is the second largest cryptocurrency by market capitalization after Bitcoin. In this article, we will guide you through the process of buying Ethereum.

Step 1: Choose a Cryptocurrency Exchange

The first step in buying Ethereum is to choose a cryptocurrency exchange that supports Ethereum. Some popular exchanges that offer Ethereum include Binance, Coinbase, Kraken, and Changehero. When choosing an exchange, consider factors such as security, user-friendliness, fees, and supported countries.

Step 2: Create an Account

Once you have chosen an exchange, the next step is to create an account. This process typically involves providing your personal information, such as name, email address, and address, and setting up a password. Some exchanges may also require you to provide additional information, such as proof of identity and proof of address.

Step 3: Enable Two-Factor Authentication

To enhance the security of your account, it is advisable to enable two-factor authentication (2FA). 2FA adds an extra layer of security by requiring a code from a device, such as a smartphone, in addition to your password to log in to your account.

Step 4: Add Funds to Your Account

Once your account is set up, you will need to add funds to it. This can typically be done via bank transfer or credit card. Some exchanges may also accept other payment methods, such as PayPal or Skrill.

Step 5: Buy Ethereum

With funds in your account, you are now ready to buy Ethereum. To do this, navigate to the Ethereum market and place a buy order. The amount of Ethereum you receive will depend on the current market price and the amount of funds you are using to purchase.

Step 6: Store Your Ethereum in a Wallet

Once you have purchased Ethereum, it is important to store it in a secure wallet. Cryptocurrency exchanges are vulnerable to hacking and theft, so it is best to store your Ethereum in a wallet that you control. Some popular Ethereum wallets include MyEtherWallet, MetaMask, and Ledger.

Conclusion

Buying Ethereum is a straightforward process, but it is important to take the necessary precautions to ensure the security of your funds. Choosing a reputable exchange, enabling 2FA, storing your Ethereum in a secure wallet, and keeping your private keys safe are all important steps in buying and holding Ethereum. With these steps in mind, you are now ready to join the world of decentralized finance and start using Ethereum.

Why ETH Whales Are Scooping Billions Of Shiba Inu Tokens Right Now?

Shiba Inu News: Shiba Inu, the world’s second largest meme cryptocurrency didn’t get the desired gains in the year 2022 due to the multiple collapses in the market. However, recent updates coming from the Shiba Inu ecosystem have motivated and assured the community of some good times ahead amid the increased volatility in the market.

As per the report, Shiba Inu Ecosystem’s long planned Layer 2 blockchain solution, Shibarium dropped a much anticipated update. It highlighted that the Beta launch is expected to happen in early 2023.

It mentioned that Shiba Inu’s Bone ShibaSwap (BONE) token will serve as the required gas token within the Shibarium. However, this time it added that each transaction done will burn the Shiba Inu token in the process.

This recent announcement has pumped the Ethereum whales to add more Shiba Inu in their wallets. As per Whalestats, SHIB token flipped Wrapped Ethereum (WETH) for the most traded token among the top 1000 whales. Read More Shiba Inu News Here…

While a whale address named BlueWhale0159 bought 187 billion Shiba Inu token in a single transaction. The total worth of the purchase stands at around $1.5 million.

As per the data, Shiba Inu is in the top 10 list of tokens purchased by the largest 100 ETH whales in the last 24 hours. SHIB token also made it the most used smart contract by the same whales.

Data suggests that the top 100 ETH whales are now cumulatively holding $44.2 million worth of Shiba Inu tokens with them. This makes up just 2% of their total holdings.

The update from the Shibarium depicts that the BONE will be the only crypto for transactions in Shibarium. While Shiba Inu holders (which hold over 1 million SHIBs) will need to make transactions in Shibarium to burn their tokens.

With every transaction, SHIB tokens will be sent to a dead wallet. This move will help the community to lock in huge amounts of SHIB tokens which can boost the Shiba Inu price in the future.

Why ETH Price Could See Major Selling Ahead?

Amid the crypto broader market correction, the world’s second-largest digital asset Ethereum (ETH) is already down 7.5% trading under $1,200. The recent price crash has eroded all of last week’s gains for ETH.

Now, the cryptocurrency faces the risk of further downfall going ahead. Since the Beacon chain upgrades last year, ETH investors have been staking their coins with Ethereum 2.0. Now, the newly upgrade Ethereum 2.0 blockchain holds 12% of the total supply.

On the other hand, the ETH exchange reserves have dropped down to 15% of the total supply and continue to decline further. However, ETH faces a potential threat to its price as the Shanghai hardfork approaches closer, scheduled for March 2023.

This hardfork will make it possible for investors to withdraw the staked Ether with the network validators. On-chain data provider CryptoQuant explains a scenario that could lead to a mass selling in the price of Ether.

One of the most imminent questions that ETH investors have is how much ETH can be withdrawn on Ethereum 2.0. Nearly 12% of the total supply or 15 million ETH coins currently reside on Ethereum 2.0. Data provider CryptoQuant explains:

“From a short-term perspective, there are higher APY strategies than staking rewards by depositing ETH2 that might not be promised to withdraw”.

Also, let’s have a look at the change in the balances of Ethereum 2.0. Compared to the last year 2021, the total number of depositors with ETH2 has jumped by 57% this year. However, the total deposit balance has remained the same. This shows that the total balance per deposit has ultimately jumped by 133% in 2022.

Commenting on the ETH exchange reserves, CryptoQuant explains: “It may be that the balance of $ETH2 increases as the $ETH exchange reserve decreases. 18M of $ETH are held on the exchange, 15% of the total supply. However, the exchange reserve is an ongoing downtrend”.

As the supply dynamics shift after the Shanghai hardfork, ETH price volatility will be imminent.

Ethereum Price Prediction: drop by -2.24% ($ 1,222)

According to our current Ethereum price prediction, the value of Ethereum is predicted to drop by -2.24% and reach $ 1,222.17 by December 17, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 27 (Fear). Ethereum recorded 15/30 (50%) green days with 3.68% price volatility over the last 30 days. Based on our Ethereum forecast, it’s now a bad time to buy Ethereum.

Eth Deposit Contract Hits ATH; Will ETH Price Cross $15k?

Ethereum’s price continues to rise in the last few days, global crypto market cap is $855.36B, a 0.14% increase over the last day.

Ethereum (ETH) locked in the Ethereum 2 (ETH 2.0) smart contract has reached a new all-time high. Amid Ethereum’s price continues to rise in the last few days, currently, the global crypto market cap is $855.36B, a 0.14% increase over the last day.

Ethereum, the largest smart contracts blockchain platform in the world today, launched as a PoW network, and like Bitcoin (BTC), relies on mining for transaction processing and network security. The total crypto market volume over the last 24 hours is $37.19B, which makes an 11.22% decrease. The total volume in DeFi is currently $2.72B7.30% of the total crypto market 24-hour volume. The volume of all stablecoins is now $34.34B, which is 92.33% of the total crypto market 24-hour volume.

As per the glassnode report, the total value in the ETH 2.0 Deposit Contract just reached an ATH of 15,512,583 ETH. Ethereum, the world’s largest smart contracts blockchain platform today, began as a PoW network and, like Bitcoin (BTC), is dependent on mining for transaction processing and network security. Ethereum’s price and performance have been incredible in recent days, as it has crossed a few key obstacles. This move marked a period of convergence for Bitcoin, indicating the underlying strength of ETH buyers.

Currently Ethereum price in USD is $1,273.73 USD, and the 24-hour trading volume is $6,659,123,109 USD. In the last 24 hours, while writing this report the Ethereum price has dropped by 1.37%. As per the coinmarketcap data a live market capitalisation of Ethereum is $155,870,805,408 USD. It has a circulating supply of 122,373,866 ETH coins and no maximum supply. Notably, Ethereum is the world’s largest smart contracts blockchain platform today, Initially it was working on PoW network and, like Bitcoin (BTC), is dependent on mining for transaction processing and network security.

The current Ethereum price in INR is 103,314 INR. The with a 24-hour trading volume of 527,378,983,333 INR. In the last 24 hours, Ethereum has dropped 1.37%. , with a live market cap of 12,642,943,825,794 INR. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.

Following the FTX crisis, the crypto market has been filled with FUD (fear, uncertainty, and doubt). As assets fell further, crypto investors are unsure whether to buy or sell. According to reports, Ethereum fell nearly 39% in a matter of weeks.

In one month, the price of ETH fell from $1,661 to $1081 due to whale accumulations. The price declines were viewed by whales as an opportunity to increase their ETH holdings. Whale accumulations are frequently indicators of a bullish recovery in an asset. However, Ethereum’s price dropped to $1,081 at first.

Now, however, the tables appear to be turning, and Ethereum appears to be gaining bullish momentum, rising towards $1,350. Ethereum is currently trading at $1,273 per coin, with a 24-hour trading volume of$6,659,123,109 USD. The answer relies on ongoing bullish trend and for the period it remains.

 

Ethereum Price Prediction Based on Technical Analysis

According to our current Ethereum price prediction, the value of Ethereum is predicted to drop by -0.94% and reach $ 1,162.65 by December 3, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 28 (Fear). Ethereum recorded 13/30 (43%) green days with 13.59% price volatility over the last 30 days. Based on our Ethereum forecast, it’s now a bad time to buy Ethereum.

Comparing Ethereum against other important technological innovations and trends is one way of predicting where the Ethereum price could head over the long term. The table above shows what the Ethereum price would be by end of year 2023, 2024, and 2025 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.

In the best case scenario, ETH price prediction for year 2025 is $ 18,232 if it follows Facebook growth. In case Ethereum would follow Internet growth the prediction for 2025 would be $ 3,593.79.

ETH Tanks 8% Overnight As FTX Hacker Sells Ethereum Holdings

On Sunday, the FTX hacker reportedly sold over 30,000 ETH converting a large part of the holdings into Bitcoin.

The world’s second-largest cryptocurrency is under strong selling pressure on Sunday evening. As of press time, Ethereum (ETH) is trading 8.09% down at a price of $1,120 and a market cap of $137 billion.

On Sunday, November 20, reports emerged that the FTX hacker who stole $600 million from the exchange is converting his ETH stash to Bitcoin. Last week, the hacker converted all the stablecoins to Ethereum accumulating $288 million worth of ETH. Citing data from Etherscan, crypto journalist Colin Wu reported:

The FTX hacker address (0x59…d32b) is converting a large amount of ETH into BTC. Today, about 30,000 ETH has been exchanged into RenBTC, and 1070 BTC has been transferred to the BTC network.

Administrators are still evaluating the wreckage caused by FTX’s bankruptcy. The crypto firm owes a staggering $3.1 billion to some of the top creditors. Besides, there are growing concerns that more digital outfits could topple amid the recent crisis.

Last week, reports emerged that crypto lender BlockFi is preparing for a potential bankruptcy. Speaking to Bloomberg TV, Christian Catalini, founder of the MIT Cryptoeconomics Lab, said:

“The FTX issues are really an urgent reminder of the need for regulatory clarity and a real regulatory framework for crypto”. The hype and speculation over the minting and trading of tokens “has generated a massive distraction from building actual products and services that reach consumers, solve actual problems.”

Today’s ETH price correction is also the result of a broader market correction. The broader cryptocurrency market is down by 5.6% slipping under $800 billion as of press time. While ETH is down 8%, Bitcoin has also corrected over 4% slipping under $16,000.

Over the past couple of weeks, Ethereum has been severely underperforming Bitcoin. Several analysts believe that the recent market sell-off could pull the ETH price to under $1,000.

Along with Ethereum, all of the top ten altcoins have corrected between 5-10%.

Ethereum Market Cap

Ethereum claimed the second largest market cap in the industry in its early days, second only to Bitcoin. Since then, Ethereum never relinquished its relative market position. Thanks to its widespread popularity and high market cap, Ethereum regularly sits near the top of the 24 hours crypto market trading volume charts.

Ethereum reached its highest market cap value in November 2021, which was the first time in history that the combined value of all digital assets hit $3 trillion. At the time, Ethereum’s market cap skyrocketed to almost $550 billion. You can follow up to date ETH markets and the current activity on the cryptocurrency exchanges across hundreds of trading pairs on CoinCodex.

Here’s what the ETH price chart tells us about the most notable Ethereum market cap milestones:

  • $100 million – Ethereum surpassed a 100$ million market cap shortly after its mainnet launch in August 2015
  • $1 billion – Ethereum reaches unicorn status and surpasses the $1 billion market cap milestone in May 2016
  • $20 billion – Ethereum reached $100 price point for the first time in May 2017, which pushed its total market cap beyond $20 billion
  • $100 billion – The market cap of Ethereum reached hectocorn levels in January 2018
  • $200 billion – After more than a two-year long crypto winter, Ethereum surpassed a $200 billion market cap in May 2021
  • $500 billion – ETH market cap reached a half-trillion dollar valuation in October 2021

The most important Ethereum milestones

Ethereum has experienced numerous notable milestones in its roughly decade-long history. Here is a list of important dates and events that have shaped Ethereum and the broader crypto community since its inception:

  • December 2013 – Vitalik Buterin publishes the Ethereum white paper
  • June 2014 – The Ethereum team looks to raise $16 million in an ICO campaign
  • August 2014 – Roughly 51 million ETH were sold in the two month long initial public sale
  • July 2015 – Ethereum mainnet launches
  • August 2015 – ETH starts trading
  • July 2016 – Ethereum forks into two blockchains–Ethereum and Ethereum Classic–as a result of a smart contract hack
  • February 2018 – Ethereum controls over 80% market share of ICOs, with most new tokens based on the ERC-20 standard
  • December 2019 – Istanbul hard fork takes place and sets the stage for the Proof-of-Stake transition
  • December 2020 – The Beacon Chain goes live and kicks off “Phase 0” of the Ethereum 2.0 rollout
  • August 2021 – The London upgrade goes live and introduces real-time ETH burning
  • September 2022 – Ethereum transitions from PoW to PoS after a successful Merge; a part of the Ethereum community protests the transition, which results in a split and subsequent launch of Ethereum PoW (ETHW)

Ethereum 2.0 upgrade

To alleviate the problems of high transaction costs and network congestion, the Ethereum team plans to increase the TPS figure to up to 100,000 as a part of the Ethereum 2.0 upgrade. In addition to facilitating a higher number of transactions, the upgrade will also see Ethereum transition from a power-hungry Proof-of-Work to an up to 99% more energy-efficient Proof-of-Stake consensus mechanism.

The transition from the PoW to PoS picked up steam in August 2021, with the launch of the London hard fork. The exact release date for a PoS-compatible Ethereum mainnet is currently not yet known. However, the team does have its sights set on the second half of 2022 and recently revealed that the PoW on Ethereum is in its “final chapter.”

It is worth noting that the Ethereum team has moved away from the “Eth2” terminology, citing clarity and correct representation of the Ethereum road map as the main reasons.

The new Ethereum upgrade will not only help make transactions cheaper and faster, but will also significantly increase the scalability of the platform and lay the groundwork for a Web3 future. The full rollout of Proof-of-Stake supporting Ethereum, called “The Merge”, will take place in the following phases:

  • Phase 0: Started with the launch of the Beacon Chain in 2020.
  • Phase 1: The launch of shard chains–proof-of-stake blockchains that use validators to confirm transactions–is expected in 2022. At this stage, shards won’t be supporting smart contracts.
  • Phase 1.5: In this phase, the legacy Ethereum chain will transition to a Proof-of-Stake consensus and will be connected to the Ethereum 2 chain
  • Phase 2: Shard chains will be able to communicate with one another and make use of smart contracts.

Ethereum 2.0 Staking

Instead of relying on miners to secure the network–as is currently the case–after the Merge is completed, transaction validation and the general upkeep of the network will be performed by network validators who will be able to earn ETH staking rewards.