Ethereum Funding Rate at an All-Time Low
Ethereum's Funding Rate has reached a new low for 2024, indicating a bearish sentiment among investors. This rate measures the cost to maintain a leveraged position in futures trading. A low funding rate suggests fewer people are willing to pay for leverage, pointing to a potential price drop. Currently, Ethereum trades around $2,300, with stable spot trading volume of $14 billion. However, a decline in this volume could lead to further price pressure.
Solana Wallet Made Easy with New Features
The Phantom Wallet on Solana introduces custom usernames, simplifying transactions for its users. This feature, announced on September 17, allows users to personalize their wallet identifiers, easing the process of sending and receiving cryptocurrency, NFTs, and tokens. Initially available to longtime Phantom users, the feature aims to increase user engagement by making the Solana network more user-friendly, leveraging its fast transactions and low fees.
Testnet Launch: BlockDAG's Ready For The Big Leagues!
BlockDAG is rapidly gaining attention with its Testnet launch, showcasing advanced technology that appeals to developers and traders alike. The testnet has already raised nearly $74.2 million in presales, drawing interest with promises of a 20,000x ROI. Key features like Blockchain Explorer and MetaMask Wallet Connect demonstrate BlockDAG's robust infrastructure, capable of supporting decentralized networks. Priced at $0.0192, BlockDAG offers significant returns, making it a compelling investment opportunity.
BlockDAG's Testnet not only signifies technical prowess but also positions it as a strong contender in the crypto market. As it continues to execute its roadmap effectively, interest from large investors, or "whales," is increasing, signaling potential growth in value. This project stands out in the current landscape, promising substantial returns for early adopters.
