Cryptocurrencies

Ethereum (ETH) on October 23, 2020

Ether (ETH) opened on October 16, 2020 at $ 377.70. It is trading at 405 USD today, October 23, 2020, as of this writing. ETH recorded 2 large green candlesticks on October 21 and 22, 2020. It climbed above $ 415 this week.


What’s up Doc ?

For the director of DTCPersonal-Financial.com, Spencer noon, the fundamentals alongEthereum show that he has never been so healthy.

The level of activity on the network has increased thanks to the rise of DeFi. Active addresses ETH daily, gas and the volume of transactions exploded.

The on-chain indicators ofEthereum are mainly boosted by the expansion of DeFi and yield farming.

Interest in DeFi has certainly decreased in October 2020, compared to August and September 2020, but there is still a relatively high demand for DeFi according to Noon. The latter indicates that $ 300 million in ETH are sent daily to DeFi applications.

The performance of DEX, with Uniswap (UNITED) in the lead, outperforming major centralized exchanges in 2020, is also a sign of ETH in health excellence.

Even the whales feel that theETH is doing wonderfully, and they are contributing to it at the same time.

Data from Santiment of October 20, 2020 show that the main whales ETH continue to withdraw their tokens from exchanges. The whales have emptied the exchanges by 20.5% of ’ETH during the last 2 months.

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Santiment whales withdrawing ETH exchanges

Source : Image via Twitter

Data from Glassnode of October 19, 2020 show that the daily balance of exchanges in ETH hit a 10-month low of 16,324,040.688 ETH.

Glassnode lowest balance ETH exchanges

Source : Image via Twitter

Thinking about utility: Ethereum at the service of authors on the web

On October 18, 2020, the professor of information systems at Walton and director of Blockchain Center of Excellence at the University of Arkansas, Mary lacity, publish an article on Cointelegraph on how blockchain could contribute to the fight against fake news.

The approach of the US presidential elections is bringing this issue back to the fore. The city details the practices of ANSAcheck project which debuted in 2019. TheANSA has been the victim of their trademark theft in the past. In March 2020, 3 fake stories on Covid-19 were published using the signature of ’ANSA.

The project ANSAcheck has then assigned a hash ID to all the news created by ANSA. The hash is published on Ethereum. This system can thus detect if a single letter of a copy of the news is modified, compared to the original article.

On a subject always relating to editorial, the company WordProof based at Amsterdam announced on October 22, 2020, during the 3D virtual conference of London BlockDown 2020, the availability of the plugin WordPress allowing time stamping of an article on Ethereum. This plugin would thus better protect the copyright of publishers.

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

An Ethereum That Continuously Continues To Increase Its Usefulness: Will That Be Enough To One Day Explode The ETH Price, Peaking At Levels As High As Bitcoin (BTC)? Scarcity vs utility: the recipe that works to boost the price of an asset over the long term?

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