online resources

Ethereum Fees Increase By 500%, Why Is This Bearish For ETH?

Ethereum fees increase by 500% thanks to the influx of users on the network, because of the growth in the decentralized finance sector. The past few weeks were quite strong for the ETH adoption as we saw a spike in users, transactions, and addresses. However, as per the reports from one of the best cryptocurrency news sites, the daily median gas price of Ethereum transactions surpassed 50 Gwei which is five times higher than the one in April, and the highest in almost two years. While some could see the increased usage as bullish for Ethereum, others are not so…

Continue Reading Ethereum Fees Increase By 500%, Why Is This Bearish For ETH?

Textbook Bear Signal Flashes For Chainlink, A Crash Could Be Upcoming

bearSince the lows of $2 seen in March, the asset quadrupled and traded as high as $9.00 earlier this week, as we reported in the Chainlink news. The strong performance of the asset came on the back of the influx of fundamental developments, for example, China’s blockchain service network that uses Chainlink technology:  “This integration of Chainlink provides BSN users additional security, reliability, and interconnectivity to help fuel even greater growth and adoption of blockchain applications in China and around the world.” The blockchain Service Network is a state-sponsored blockchain initiative that involves government sectors, banks, and technology companies in…

Continue Reading Textbook Bear Signal Flashes For Chainlink, A Crash Could Be Upcoming

End of content

No more pages to load