Ethereum co-founder Vitalik Buterin has initiated a significant leadership overhaul of the Ethereum Foundation, aiming to refocus the organization on value creation over profit. CryptoQuant CEO Ki Young Ju publicly supports the restructuring, emphasizing the industry’s need for genuine value creation amid potential cryptocurrency slumps.
Ethereum’s price faces downward pressure, breaching the $3,087 support as supply expansion contrasts with the post-Merger deflationary period. The market eyes the critical $3,000 level for potential rebound or further decline.
As Ethereum gains recognition for its decentralized structure, experts are closely watching its price dynamics. With Ethereum ETFs emerging, notably BlackRock’s, and a steady market presence, some analysts predict ETH could hit remarkable highs by 2025.
This week witnessed a sharp increase in Ethereum NFT sales, topping $300 million with standout collections like Pudgy Penguins and Azuki. Concurrently, two young Californians were charged with engaging in NFT related frauds amounting to $22 million. Additionally, a retrospective look at 2024 reveals significant resilience in the NFT market amidst various challenges.
Ethereum faces potential decline to $3,000 as increased selling pressure from both long-term and short-term holders prompts concerns. Despite this, whale activity and a modest uptick suggest the market’s resilience.
With Ethereum struggling to break the $4,000 resistance and Cardano stabilizing near $1.20, BlockDAG’s X-Series miners emerge as a profitable and efficient mining solution, generating over $5.9 million in sales and positioning itself as a strong contender in the crypto mining industry.
In a sudden move, the crypto market saw $252 million liquidated due to profit-taking, causing temporary drops in Bitcoin and Ethereum prices. However, both currencies showed resilience, with Bitcoin challenging the $100,000 mark and Ethereum aiming for $4,000.
The NFT market witnesses a significant sales spike of 16.36%, totaling $224.5 million, amid fluctuating cryptocurrency values. Notably, Pudgy Penguins leads with sales escalating by 50%, while Ethereum remains the dominant blockchain network.
The cryptocurrency market is on edge with a staggering $4.26 billion in Bitcoin and Ethereum options set to expire today, potentially stirring significant market fluctuations. This event may either propel a year-end rally or trigger selling pressure across these leading digital assets.
The NFT market experienced a robust start to December, with weekly sales volumes hitting $187 million, showcasing increased investor interest. However, the period also highlighted challenges, such as notable scams and technical issues with new crypto token launches.
