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Clandeno (CLD) was one of the revelations this summer. The decentralized e-commerce platform has amassed $2 million after launching its presale earlier this month, indicating the major traction it has gained with its exciting Web3 take on e-commerce. Clandeno (CLD) is ushering a new era in the trillion-dollar online shopping industry with the launch of its decentralized online marketplace. The project is being widely expected by analysts to be among the biggest gainers of 2024 thanks to its features and innovations. Analyst price predictions peg Clandeno (CLD) to turn in outsized ROIs this summer, outperforming Ethereum (ETH) and Binance Coin (BNB) end-of-year price predictions.

Ethereum (ETH) had been struggling mightily to start off July, falling all the way to $2,700 in the wake of the Bitcoin (BTC) crash. However, the recent Ethereum (ETH) approval and the recent recovery of Bitcoin (BTC) to $60K catalyzed a pump that pushed Ethereum (ETH) prices to $3,200 as of press time. However, Binance Coin (BNB) failed to show the same robust growth over the past week, recording a modest 5% gain compared to Ethereum (ETH) and Bitcoin (BTC). One of the major concerns for investors is Binance Coin (BNB) issuer Binances legal woes, which have contributed to an overall bearish trajectory of Binance Coin (BNB). Currently, Binance Coin (BNB) trades at $538.

Clandeno (CLD) is introducing blockchain technology and combining it with Web3 to create an online marketplace with exciting DeFi and decentralized e-commerce features. Clandeno (CLD) will connect merchants and sellers under one roof and provide the most viable decentralized alternatives to eBay and Amazon. With the trillion-dollar e-commerce industry only set to grow exponentially in the coming years, Clandeno (CLD) Token prices are as low as they ever will be. Dont sit this presale out!

Forget Binance Coin (BNB) and Ethereum (ETH) if you wish to make serious and tangible gains worth your investment. To get the most out of your capital, the best opportunity on the board is THE most awaited ICO of July: Clandeno (CLD).

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Clandeno (CLD) Presale & Ethereum (ETH) Both Surge Amid Binance Coin (BNB) Uncertainty - The Cryptonomist

The price of Ethereum recently surpassed $3,300 as investors anticipate some predictions regarding the imminent approval of exchange-traded funds (ETF) based on ETH, expected this week.

Lets see all the details below.

As anticipated, Ethereum has marked a new peak of $3,331 this week, driven by the growing expectations regarding ETH ETFs.

Nate Geraci, ETF expert, stated that there is no reason for further delays in the approval of spot ETFs on Ethereum, expected by the end of the week.

According to Geraci, several companies, including VanEck and 21Shares, have updated their filings in the hope of obtaining final approval from the SEC to launch ETFs on Ether.

These funds are seen as a crucial catalyst for the price of ETH in the coming months. In particular with forecasts of a significant influx of capital, potentially up to 10 billion dollars.

Tom Dunleavy, managing partner of MV Global, has predicted that this new form of investment could lead Ether to reach new all-time highs by the end of the year.

Contrary to common perception, Dunleavy believes that ETFs on Ethereum may represent a more attractive opportunity for traditional investors compared to those on Bitcoin. This is due to the clarity of the narrative and the robustness of Ethereums technology.

Ethereum has cash flows. It can be described as a tech stock, the app store of cryptocurrencies, or an Internet bond. This is a much easier sell for financial advisors compared to digital gold.

According to the data from TradingView, Ethereum has grown by 16% compared to the previous week, rising from $2,909 to $3,331.

This increase reflects not only the confidence of investors in the potential of ETH ETFs, but also a renewed focus on criptovalute in a broader market context.

The future of Ethereum now seems tied to the decision on the listing of ETFs, with analysts estimating a significant impact on prices and a potential to rebalance the gap accumulated compared to Bitcoin in the last 18 months.

The recent announcement by the German government to liquidate 5,000 Bitcoin, equal to 90% of its reserves, has triggered a significant drop in the price of Bitcoin, falling below $57,000.

This happens despite Bitcoins attempt to reclaim the $60,000 threshold, demonstrating the difficulties in maintaining this level. In contrast, Ethereum has maintained a remarkable stability, highlighting its resilience in the face of market turbulence.

This difference in performance between Bitcoin and Ethereum has captured the attention of analysts and investors. Specifically, considering it a crucial testing ground for Ethereums ability to withstand market fluctuations.

If Ethereum continues to remain stable, it could indicate a reduced dependence on Bitcoins price fluctuations, representing an important step forward for the bull sector of cryptocurrencies.

In the context of this Bitcoin sell-off, the cryptocurrency community is awaiting the approval of an ETF on Ethereum.

While some analysts remain optimistic about the trajectory of Ethereums price, technical analyses offer a mixed picture.

Various cryptocurrency experts predict that Ethereum could reach $5,000 soon, identifying key support and resistance levels crucial for its future price movements.

The experts have identified a significant support zone for Ethereum between $2,800 and $3,300, considered essential to maintain a bull perspective.

If Ethereum continues to be traded in this range, it could be on the right track to reach $5,000.

Despite the positive forecasts, the market shows mixed signals. According to CoinCodex, the price of Ether should increase by 3.68% by August 13, 2024.

However, the fear and greed index reflects a negative sentiment, with Ethereum having recorded only 50% of green days in the last month.

Excerpt from:

The increase in the price of Ethereum and some predictions for ETFs: what does it mean for the market? - The Cryptonomist

Ethereum (ETH) is currently showing signs of recovery after a recent sell-off phase. This has led to a notable rebound, suggesting the potential for a continued uptrend.

Over the past two months, Ethereum has outperformed Bitcoin (BTC), with analysts predicting a significant price increase in the coming days due to the anticipated launch of an Ethereum ETF.

This event is expected to strengthen ETH against BTC, particularly given the bearish divergence on the BTC weekly chart.

Despite the optimism, there is no clear timeline for the launch of the much-anticipated spot Ethereum ETF, causing confusion among issuers about the delay.

Nevertheless, major market participants and Ethereum whales have been accumulating ETH in preparation for ETF approval, anticipating a substantial price increase once the approval is granted.

In a TradingView post on July 13, analyst RLinda pointed out that the daily chart of ETHUSDT shows that bulls are actively maintaining the price above a crucial support line.

According to the analysis, the area above the 200-day moving average (MA) indicates consolidation, which is a positive sign for a bullish structure.

The current resistance level is around $3,200, and a breakout could lead to significant upward movement, potentially targeting the $4,000 to $4,800 range.

On a shorter, four-hour timeframe, the price movement is characterized by consolidation. A large player appears to be actively purchasing ETH, anticipating important news and reinforcing the intermediate bottom zone.

This period of consolidation, supported by increased volume, indicates strong buying interest and a likely continuation of the uptrend. The key support levels here are around $3,056 to $3,152, which have consistently held firm.

The weekly chart supports this bullish outlook, showing a pattern of higher lows indicative of a long-term bullish trend. The key support level at approximately $2,852 has proven resilient, with buyers preventing further declines.

A breakout above current resistance levels on the weekly chart could lead to a significant rally, targeting the $4,000 to $4,800 range.

Given the current market conditions and the anticipated approval of ETH-ETFs, Ethereum could reach the $4000 mark within the next 4 to 6 weeks.

This projection is based on the expected approval of ETH-ETFs within the next 1-2 weeks, technical indicators suggesting a strong uptrend, and positive market sentiment with strong buying interest.

As of the latest update, Ethereum is trading at $3,201.78, reflecting a 2% increase on the daily chart.

This upward momentum is bolstered by both fundamental and technical indicators pointing towards a bullish future.

In the short term, maintaining consolidation above MA-200 and breaking through key resistance levels are crucial.

In the longer term, sustaining the support levels and continuing the bullish trend could see Ethereum reaching new highs.

The alignment of both fundamental and technical factors suggests that Ethereum could reach the $4000 mark soon, particularly if the anticipated ETF approval materializes.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Heres when Ethereum will reach $4000, according to analyst - Finbold - Finance in Bold

Ethereums (ETH) position as a leading decentralized finance (DeFi) crypto project faces significant competition from other established entities.

Notably, Cardano (ADA) is among the prominent projects vying for Ethereums throne. Cardano has undergone significant developments, building the potential to replace Ethereum.

Indeed, based on this unique position, the crypto tokens underlying projects can serve as unique investment opportunities. In this vein, Finbold consulted OpenAIs most advanced artificial intelligence (AI) tool, ChatGPT-4o, to gather insights on which crypto is a better investment for 2024.

The AI tool noted that deciding whether to invest in Ethereum or Cardano in 2024 involves analyzing several factors, including their performance, development progress, market position, and future potential.

The AI project acknowledged that Ethereum has rallied by 40% in 2024, indicating strong investor confidence and market performance. It boasts a well-established ecosystem with many decentralized applications (dApps) and smart contracts.

The Ethereum networks transition to Ethereum 2.0 improves scalability, security, and energy efficiency by introducing Proof of Stake (PoS). Additionally, Ethereum has a large and active developer community that is continuously innovating and improving the platform.

However, ChatGPT-4o noted that Ethereum still faces challenges despite recent improvements, such as high transaction fees. These high gas fees can be a barrier for small transactions.

On the other hand, Cardanos price dropped by 28% in 2024, suggesting a decline in market confidence or other challenges. Cardano is known for its rigorous academic research and peer-reviewed development process, which aim for a highly secure and scalable blockchain.

It uses a PoS consensus mechanism, which is more energy-efficient than Ethereums previous Proof of Work (PoW) model. The Cardano team continues to roll out significant upgrades and developments, such as smart contract capabilities with the Alonzo upgrade.

Despite these strengths, ChatGPT-4o noted that Cardanos ecosystem is less mature or widespread than Ethereums, with fewer dApps and projects running on its platform. The recent price drop may reflect broader market sentiment or specific issues within the Cardano community or technology.

When choosing between the two, the AI tool pointed out that given Ethereums strong performance, established ecosystem, and upgrades with Ethereum 2.0, the asset might be the better buy for 2024. This years rally indicates strong market confidence, and its mature ecosystem offers more immediate opportunities for investors and developers.

In contrast, ChatGPT-4o stated that while Cardano presents an innovative approach and energy efficiency, it faces challenges in adoption and market confidence. However, it could present a buying opportunity if investors believe in its long-term potential and the success of its ongoing developments.

However, it noted that Ethereum might offer more stability and immediate opportunities, while Cardano could be a higher-risk, potentially higher-reward option. The tool advised diversifying investments across assets to balance potential rewards and risks.

In summary, the AI platform noted that when considering an investment between the two, its important to put into perspective the risk tolerance and investment horizon.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Ethereum or Cardano? We asked ChatGPT-4o which crypto is a better buy for 2024 - Finbold - Finance in Bold

Ethereum (ETH) continues to command robust trading volume despite a recent 3% drop over the last 24 hours and the current bearish pressure.

The current market condition has not been especially favorable to Ethereum, the second-largest cryptocurrency. As one of the leading crypto assets, ETH has been at the forefront of the ongoing selloffs. Consequently, the token has dropped 10.33% this month, struggling to retain the $3,000 threshold.

This months price collapse follows an 8.62% close to June, which saw Ethereum give up the $3,700 and $3,500 psychological territories. Ethereums downturn is a product of its price correlation with Bitcoin (BTC), which has dropped 8.61% in July. IntoTheBlock data shows Ethereum has a 93% correlation with Bitcoin over the last month.

Interestingly, despite the ongoing drop, market interest in Ethereum has not declined. Market data sourced by CoinMarketCap indicates that Ethereums 24-hour trading volume has not dropped below $10 billion this month. The lowest figure ETH has witnessed is $10.85 billion, recorded on July 7 during a 4.43% price dump.

The latest data shows that Ethereum sees a $17.927 billion volume over the last 24 hours despite a 3.09% drop. This makes it the third-largest asset by 24-hour volume, only behind Bitcoin and USDT. Two of Binances Ethereum trading pairs command 14.54% of the global volume, boasting a combined $2.605 billion.

Further, IntoTheBlock confirms that large Ethereum transactions have been on the high side, with a 7-day peak of $8.62 billion on July 5. The increase in trade volume reflects sustained interest in Ethereum.

However, data on volume alone cannot provide insights into investor behavior in terms of bullish or bearish sentiments.

Typically, increased trading volume during a steep market collapse is a sign of growing selling pressure. However, Ethereums price has recorded some stability in recent times, hedging off subsequent declines. This confirms that the rise in trade volume is not necessarily a direct result of increased selloffs.

Data shows that bulls have bought over 6.065 million ETH ($18.62 million) in July. In contrast, bears have sold 5.815 million ETH worth $17.9 million within the same timeframe. This indicates that the Ethereum market has seen an excess demand of 250K ETH from large whales this month.

Ethereum could leverage this increased demand for a recovery move when the broader market recovers. However, to reach greater heights, it must first conquer the resistance at $3,079, aligned with Fibonacci 23.6%. A breach of this level would help ETH reclaim the $3,200 level, with the next roadblock at $3,251.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ethereum Records $17.9B in Spot Volume Despite 3% Drop - The Crypto Basic