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Ethereum Classic (ETC) just concluded a bullish week but its price action is not the only aspect that achieved a pivot. Its total value locked also registered some upside after previously experiencing outflows.

Is your portfolio green? Check out the Ethereum Classic Profit Calculator

ETC had a $363.982 TVL, at the time of writing, which represented a significant improvement and pivot from its $279,884 low in February.

But despite this noteworthy improvement, Ethereum Classics TVL was immensely dwarfed by Ethreums impressive $28.93 billion TVL. ETCs anemic TVL is a rough indicator of just how far behind the network is in the DeFi race.

A major reason for Ethereum Classics TVL shortfall is that it has not been very successful in attracting DeFi projects to run on its network.

Nevertheless, there is one particular protocol running on the Ethereum Classic network that seeks to change that. The HebeSwap decentralized exchange currently accounts for most of Ethereum Classics TVL.

The amount of TVL that HebeSwap contributed to Ethereum Classic peaked at $236,928 after surging by 42.87% in the last 7 days.

It had the highest gains out of the DeFi projects currently running on the Ethereum Classic network.

The DEX recently expressed its commitment to improving ETCs ecosystem through the latest addition, a farm APY pool.

ETC bounced back by as much as 25% from its weekly low to its weekly high. Its 40% gain from its current monthly low is even more impressive. It traded at $21.12 at press time.

Can ETC sustain the rally for the next few days? Its latest upside has so far pushed above the 50% RSI level which means relative strength is now leaning in favor of the bulls. Multiple on-chain metrics also support this observation.

How many are 1,10,100 ETCs worth today?

The weighted sentiment metrics remained high after the rally it secured in the last 7 days. In other words, investors are still optimistic about ETCs bullish prospects.

Investors should also note that the price volatility metric ended last week with a pivot. It remains to be seen whether this volatility surge will carry the momentum forward for the next few days.

More good news from the NFT side of things. Ethereum Classics total NFT trades volume registered a surge in the last few days. A confirmation that the demand for NFTs on the network was also enjoying improved health.

Although these are favorable observations, Ethereum Classics development activity demonstrated signs of weakness during the weekend.

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Ethereum Classics TVL recovers and heres the key driving factor - AMBCrypto News

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The crypto market is always full of surprises, but one thing is for sure - Bitcoin (BTC) and Ethereum (ETH) continue to be the strongest cryptocurrencies in the market. These two digital assets have weathered the ups and downs of the market and continue to maintain their position as market leaders.

However, a new contender is on the rise - RenQ Finance (RENQ). With its advanced AI technology and secure blockchain platform, RenQ Finance is positioning itself as a strong player in the market. As the next bull run approaches, investors are starting to take notice of RenQ Finance and its potential for growth and profits.

As the world's first cryptocurrency, Bitcoin (BTC) has stood the test of time and remains the most valuable cryptocurrency by market capitalization. Despite being around for over a decade, Bitcoin continues to make headlines and attract new investors.

One of the reasons why Bitcoin is so strong is due to its limited supply. Only 21 million Bitcoins will ever be created, and with a current circulating supply of 19.3 million, this scarcity has led to increased demand and a price rise. Additionally, Bitcoin has a robust infrastructure and a strong network effect, making it widely accepted as a means of payment and a store of value.

Crypto experts predict that 2023 could be a crucial year for the industry, and based on the first few weeks of January, the markets are showing signs of recovery and potential for new all-time highs. Bitcoin, the leading cryptocurrency, has already experienced a 23% growth since January 7, which could indicate the start of a bull run for the entire market.

As the second-largest cryptocurrency by market capitalization, Ethereum (ETH) has a strong following and a wide range of use cases. Ethereum's primary purpose is to serve as a platform for decentralized applications (dApps) and smart contracts.

One of the reasons why Ethereum is so strong is due to its vast ecosystem of developers and dApps. The Ethereum network has the most significant number of developers working on decentralized applications, making it the go-to platform for developers looking to create decentralized apps.

In addition to its large developer community, Ethereum is also highly scalable, making it capable of processing a large number of transactions per second. This scalability is crucial for the growth of decentralized finance (DeFi) and other blockchain-based applications.

Furthermore, Ethereum is continuously evolving, with updates such as ETH 2.0 promising to address current scalability issues and improve transaction speed and efficiency.

RenQ Finance (RENQ) is a relatively new cryptocurrency that combines the power of blockchain with artificial intelligence (AI). RenQ Finance is designed to enable decentralized finance (DeFi) applications to run on the RenQ network, using machine learning algorithms to analyze market trends and make investment decisions.

One of the reasons why RenQ Finance is so strong is due to its unique approach to DeFi. The RenQ network is highly scalable and capable of processing millions of transactions per second, making it ideal for DeFi applications that require quick and efficient data processing. Additionally, RenQ Finance has gained significant attention from investors looking for new investment opportunities in the DeFi space.

RenQ Finance's strong position in the cryptocurrency market has been reinforced by its recent security audit conducted by CertiK, a renowned blockchain security company. The audit confirmed the absence of any critical vulnerabilities or issues, which has increased the confidence of investors and traders in RenQ Finance. This has made RenQ Finance an even more attractive cryptocurrency for the next bull run. Along with this, RenQ Finance has also performed exceptionally well in its presale, with an expected increase of up to 8000% in a short period.

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Bitcoin (BTC), Ethereum (ETH), and RenQ Finance (RENQ) are the ... - Cryptonews

Vitalik Buterin, the co-founder of Ethereum, recently took to his Twitter account to share his thoughts on the use of multi-sig and social recovery wallets.

In his post, Buterin outlined the benefits and drawbacks of each type of wallet and offered suggestions on how to choose the right guardians for them.

According to Buterin, he personally uses a multisig wallet to store most of his funds, and the Ethereum Foundation also uses this type of wallet.

He believes that social recovery wallets will be ideal for hot wallets, which store small portions of funds for daily use, while multi-sig wallets will be best for cold wallets, which hold long-term savings.

In a related post on Reddit, Buterin expanded on his thoughts about choosing guardians for multisig and social recovery wallets. He emphasized the importance of selecting guardians who are reliable, trustworthy, and unlikely to collude to steal your money.

He also suggested minimizing correlations between guardians and ensuring they ask a security question before approving any operation.

Buterin further explained that it is acceptable to have some of your own devices act as guardians, but having too many is not recommended. Having at least one guardian as a wallet on your device is natural, but having more than one increases the risk of centralizing power.

Therefore, its important to have enough guardians controlled by others so that if you are absent, there are still enough guardians to retrieve your funds.

Although multisig wallets are secure, Buterin believes that social recovery wallets are more convenient, especially with the emergence of ERC-4337 account abstraction and user-friendly wallets such as Soul Wallet.

Social recovery wallets require a single key for transaction signing, but if that key is lost, a group of keys held by other individuals can be used to restore access to your funds.

Nevertheless, Ethereum co-founder believes that self-custody is important, and social recovery and multisig wallets are a great way to achieve it. While multisig wallets are a safe way to store funds, social recovery wallets are much easier to use and ideal for hot wallets.

Choosing the right guardians for your wallets is crucial, and Buterin suggests minimizing correlations between your guardians and ensuring that they ask a security question before approving an operation.

Related Reading | Ethereum: Playboy Reports Loss Of Nearly $5M On NFT Earnings

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Ethereum Co-Founder's Take On Multi-Sig & Social Recovery Wallets - TronWeekly

Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens.

Grayscaleannouncedon March 16 that the company intends to extend the review period for evaluating the market environment to determine whether it can acquire EthereumPoW (ETHW) tokens the forked asset that emerged after Ethereums Merge in September 2022.

During the review period, the firm also aims to decide whether, when and in what manner Grayscale may sell ETHW on behalf of the record date shareholders. Such review period is not currently expected to exceed 180 days from the date hereof, Grayscale noted in the announcement.

Grayscale reasoned the extension of the review period to the ongoing uncertainty regarding the support of ETHW tokens by digital asset custodians and trading venues. If digital asset custodians do support the ETHPoW tokens and/or trading markets do develop, it is expected that the ETHPoW tokens value will fluctuate widely for some time, Grayscale said, adding:

Ethereum, currently the second-largest blockchain network by market value after Bitcoin, completed the Merge, a major consensus upgrade in September 2022. The upgrade moved the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm. As some people in the Ethereum community were willing to keep using the mining-based PoW Ethereum model, Ethereum has forked into two different blockchains, the main PoS-based Ethereum and EthereumPoW.

The emergence of ETHW has brought a significant challenge for crypto investment firms offering exposure to Ethereum because some investors might want to have exposure to ETHW. Some companies, such as the European exchange-traded product (ETP) issuer ETC Group, decided to launch a new ETP providing exclusive exposure to ETHW.

Related: Coinbase expects high demand for ETH unstaking with Shanghai upgrade

The new ETP seems better because we just dont know what will happen whether ETHW will succeed or not, ETC Group founder Bradley Duke told Cointelegraph in September 2022.

In September, Grayscale announced that its two Ethereum-related products, the Grayscale Ethereum Trust and the Grayscale Digital Large Cap Fund, declared a distribution of rights to ETHW. Each product received the tokens as a result of a fork by late September.

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Post-Merge Ethereum: Grayscale extends review of ETHPoW decision - Cointelegraph

In anticipation of the Shanghai Capella Upgrade on Ethereum mainnet in April 2023, liquid staking platform Lido Finance [LDO] has witnessed a significant increase in its total value locked (TVL) as Eher [ETH] stakers look forward to the unlocking of previously locked ETH tokens.

According to data from DefiLlama, in the last month, Lidos TVL increased by 18%. Moreso, this went up by almost 25% in the last seven days.

At press time, the protocols TVL was $10.57 billion, representing a 21.66% share of the entire decentralized finance [DeFi] ecosystem.

Is your portfolio green? Check out theLido Profit Calculator

As a result of the contagion brought about by FTXs unexpected collapse in November 2022, Lidos share of the ETH staking market dropped below 30% for the first time since April 2022.

Even though Lido displaced MakerDAO [MKR] as the DeFi protocol with the highest TVL in January, Lidos share of the ETH staking market lingered at 29% in the first two months of the year.

However, things took a different turn in March as Lido reclaimed its 30% market share and surpassed it. This has been due to the execution of the Shanghai Capella Upgrade on Ethereums Goerli testnet and the confirmation of a 12 April date for the mainnet upgrade.

At press time, 5,579,744 ETH tokens were staked through Lido, representing a 31% market dominance.

Further, on 12 March, Lidos staking Annual percentage rate (APR) rallied to its highest point far this year, reaching an impressive 9.91%.

Per data from Dune Analytics, this growth was, however, ephemeral as the staking APR on the platform consequently plummeted. At press time, this was 5.94%.

Realistic or not, heres LDO market cap inBTCs terms

While LDOs price rallied in the last week, mirroring the general growth in the crypto market, an assessment of the tokens price movements on the daily chart revealed a fall in buying pressure.

In fact, the MACD indicator revealed that LDO has lingered under a new bear cycle since the beginning of March. At press time, the RSI and MFI were positioned at 47.75 and 40.15, respectively, indicating that LDO traders preferred to sell rather than hold.

Further, the dynamic line (green) of the assets CMF was positioned in the negative territory below the zero center line. This suggested increased liquidity exit, which, if it remains unabated, will further drag LDOs value down.

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Lido Finance rides the wave of Ethereums upgrade, heres how - AMBCrypto News