Ethereum Selling Pressure High, ETH Price Most Crisis Since 2021?

ETH price continues to decline. It is predicted that Ethereum's decline is due to Trump's assassination last week and the Fed's interest rate announcement. Here is a more detailed analysis.

The current condition of Ethereum is considered worrying. The reason is, the ETH price continues to decline even though the prices of other crypto assets are "green". The price of ETH is currently considered the lowest since 2021.

Let's review together what the current condition of the Ethereum price chart is. Analysis of factors that influence the price of Ethereum will also be explained in this article.

Ethereum Decline Factors

Allegedly, the decline in ETH prices was due to the assassination attempt on former US president, Donald Trump, at the Trump International Golf Club in Florida.

This second assassination plot was recorded at the end of last week and affected the prices of BTC and ETH. Quoted from Decrypt, the price of ETH at that time immediately fell by around 4.2% to reach $2,315 on Monday in the European trading session.

Not only was it influenced by the second murder of Trump by the Secret Service, the fall in ETH prices was also due to anticipation of a monetary policy decision by the Fed this weekend. The Fed's decision has made the crypto market a little anxious, especially towards the end of the third quarter of 2024.

The Fed is likely to cut interest rates so that DeFi returns are attractive enough to pay attention to. However, the focus is also on rebuilding the DeFi lending market on the Ethereum mainnet. This could be used as a pump against Ethereum's poor performance price.

ETH Price Keeps Going Down

Currently, the ratio of ETH to BTC pairs is at 0.039. This ratio is considered the lowest since April 2021. This decline in performance was analyzed starting on July 24 because the ETH/BTC pair fell below the ETH price range line between May 21 and July 24.

Please note, the ETH/BTC pair is the price ratio of ETh and BTC. The pair shows how much BTC is needed to buy 1 ETH.

The price of ETH to USDT also experienced a decline. When this article was written on September 17, ETH had decreased by -0.39%. Currently, the price of ETH is $2,307.

It can be seen from the Ethereum price chart above that the ETH RSI indicator is also falling below 50. Ethereum's RSI is at 43.24. This means that the selling pressure on ETH is much greater than the buying trend.

The MACD indicator also reflects something similar. It can be seen how the Ethereum MACD line drops from the boundary line. This makes ETH's bearish trend inevitable.

Conclusion

The ETH price chart is indeed in a sad decline at the moment. However, this does not rule out the possibility that Ethereum could rise because price fluctuations in the crypto ecosystem are commonplace.

You can buy ETH when the price is decreasing like now. However, you must conduct a thorough analysis before investing. You can also learn how to buy ETH.

Bitrue can help you to carry out a detailed analysis of ETH. Bitrue also has an ETH to USD price converter feature to find out exactly how much this crypto asset is worth compared to the current dollar.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

USDT on the TON Network: A Stablecoin on the Rise

This article will discuss about USDT's growth on TON, its role in the decentralized finance (DeFi) ecosystem, and how these developments may impact USDT's future as a whole.

Tether USD (USDT), a stablecoin pegged to the US dollar, has become a major player in the Open Network (TON) network.

USDT Supply in TON Reaches $729 Million

According to on-chain data analysis from CryptoQuant, the total USDT supply on TON has surged to $729 million in just four months after its integration. This significant increase shows the growing presence of stablecoins in the TON blockchain as the TON to USDT on Bitrue today around 5.7716 USD per TON increase 5% in daily basis 

If evaluated separately, USDT on TON would rank as the seventh largest stablecoin by market capitalization, highlighting its significant market position. The integration by the TON Foundation was critical in attracting stablecoin liquidity necessary for network expansion.

Simultaneously, the growing supply of USDT facilitates various financial transactions and supports wider adoption of TON.

Easier P2P Transfers for Everyday Transactions

Additionally, data shows that Tether USD on The Open Network blockchain has become highly effective for peer-to-peer (P2P) value transfer.

The average transfer amount, ranging between $15 and $100, represents frequent, small-scale transactions typical of everyday retail activity. This pattern suggests that users utilize stablecoins for routine financial interactions.

Furthermore, the consistently low median transfer fee of four cents on the TON blockchain ensures that these transactions remain economical for users. This affordability increases its appeal for P2P activities, encouraging its use in daily financial exchanges.

The Role of Tether USD in Decentralized Exchange (DEX) on TON

The decentralized finance (DeFi) ecosystem on the TON blockchain is also influenced by the presence of USDT. This stablecoin is widely used in decentralized exchanges (DEX), forming a core component of DeFi activity on these networks.

Additionally, platforms such as Ston.Fi, Dedust, and StormTrade are among the top entities facilitating transactions on TON.

These DEXs provide critical infrastructure for trading and liquidity provision, allowing users to engage in a variety of DeFi operations.

Moreover, the high usage of stablecoins on these exchanges underscores their importance in fostering an active DeFi environment.

The Future of USDT: Between Optimism and Challenges

Likewise, data on the number of transactions reveals significant user adoption of wallet applications focused on P2P USDT transfers. Wallet services such as XRocket, CryptoBot, Wallet Bot, and CWallet are leading the way in facilitating this interaction.

The recent launch of T-Fund by The Open Network sparked renewed optimism among investors and traders despite the challenges the Toncoin price has faced recently.

T-Fund is designed to accelerate ecosystem growth by supporting new projects and increasing network adoption.

Additionally, the recent UK High Court ruling declaring USDT as property could impact the future adoption of this stablecoin.

This ruling has the potential to reduce regulatory uncertainty and provide a clear legal framework for USDT, which could be seen as a positive sign for its legitimacy and stability.

However, the ruling could also lead to tighter regulatory scrutiny and tougher compliance requirements for Tether. 

Additionally, this ruling opens the door to more legal battles or claims against Tether, especially if inconsistencies are discovered in how it manages and reports its reserves.

Overall, the future of USDT on TON and overall seems promising, despite some potential regulatory challenges. 

Tether USD has proven itself to be a major player in TON, facilitating everyday financial transactions and supporting the growth of the DeFi ecosystem.  Wider adoption of USDT and clear regulatory developments will largely determine its future.

Conclusion

That is information about USDT. You can learn how to buy USDT by accessing the Bitrue website. Bitrue also has a convert feature so you can check prices from USDT to USD easily without having to switch websites.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

SEO Consultant Transforms Digital Landscapes for Businesses Across Industries

In an era where digital presence dictates business success, the role of Search Engine Optimization (SEO) has never been more crucial.

Kevin Dam, an SEO Consultant with a proven track record of transforming online visibility for businesses across various industries. With a robust portfolio and over a decade of experience, Kevin Dam has become a beacon of excellence in the world of SEO and digital marketing.

Unparalleled Expertise in SEO

As an SEO Consultant, Kevin offers comprehensive SEO services tailored to meet the unique needs of each client. These services encompass on-page optimization, off-page strategies, technical SEO, keyword research, and content marketing. By leveraging the latest tools and techniques that ensures his clients achieve and maintain top rankings on major search engines such as Google, Bing, and Yahoo.

"I believe in a data-driven approach to SEO," says Kevin Dam. "Every business is different, and so are their SEO needs. My goal is to create customised strategies that not only improve search engine rankings but also drive relevant traffic and increase conversions."

Customised Strategies for Diverse Industries

From small businesses to large corporations, Kevin Dam has successfully boosted the online presence of clients in diverse sectors including e-commerce, healthcare, finance, real estate, education, and more. By understanding the specific challenges and opportunities within each industry, Kevin crafts targeted SEO strategies that deliver measurable results.

One notable success story is NotTooBig, a mid-sized e-commerce company struggling with visibility in a highly competitive market. By conducting thorough keyword research, optimising product descriptions, and implementing a robust link-building strategy, Kevin Dam helped NotTooBig achieve a 200% increase in organic traffic within six months. This surge in traffic translated to a significant rise in sales and market share.

Cutting-Edge Tools and Techniques

Staying ahead in the fast-paced world of SEO requires constant learning and adaptation. Kevin Dam employs cutting-edge SEO tools and software to analyse and optimise websites. Tools such as Google Analytics, Semrush, Ahrefs, Moz, and Screaming Frog are integral to the process of identifying areas for improvement and tracking the success of implemented strategies.

"SEO is not a one-time effort; it’s an ongoing process," explains Kevin Dam. "I continuously monitor and adjust strategies based on the latest algorithm updates and industry trends to ensure my clients stay ahead of the competition."

Holistic Approach to SEO

Understanding that SEO is interconnected with other aspects of digital marketing, Kevin Dam adopts a holistic approach. This includes optimising for mobile devices, enhancing site speed, improving user experience (UX), and integrating social media marketing. By ensuring that all these elements work in harmony, Kevin Dam helps clients achieve a comprehensive and sustainable online presence.

Educating and Empowering Clients

Beyond providing SEO services, Kevin Dam is dedicated to educating clients about the importance of SEO and empowering them with the knowledge to make informed decisions. Through workshops, his online articles and one-on-one training sessions, Kevin Dam helps businesses understand the intricacies of SEO and how to leverage it for long-term success.

"I believe that knowledge is power," says Kevin Dam. "By educating my clients, I empower them to take control of their digital marketing efforts and make strategic decisions that benefit their business in the long run."

Commitment to Ethical SEO Practices

In an industry where unethical practices can lead to severe penalties, Kevin Dam is committed to maintaining the highest standards of integrity. All strategies employed are white-hat, adhering to search engine guidelines and focusing on sustainable growth.

"Ethical SEO is the foundation of my practice," states Kevin Dam. "I prioritise long-term success over short-term gains, ensuring that my clients’ websites are optimised in a manner that is both effective and compliant with search engine regulations."

Looking to the Future

As the digital landscape continues to evolve, Kevin Dam remains at the forefront of SEO innovation. With a keen eye on emerging trends and technologies, he is poised to help businesses navigate the challenges and opportunities of the future.

"I am excited about the future of SEO and the endless possibilities it offers for businesses," says Kevin Dam. "My mission is to continue providing SEO services that drive success and help my clients achieve their business growth goals."

About Kevin Dam

Kevin Dam is a seasoned SEO Consultant with experience since 2010 in the digital marketing industry. Specialising in SEO, he has helped numerous businesses improve their online visibility, increase organic traffic, and achieve higher sales and revenue. With a passion for excellence and a commitment to client success, Kevin is dedicated to delivering customised SEO solutions that drive results.

This press release has also been published on VRITIMES

HMSTR Token Listing Soon, Hamster Kombat Season 1 will End on 20 September

Hamster Kombat announced that its first season ends soon. Read this article to understand about HMSTR token launch time and learn how to get free Hamster Kombat airdrop.

Through its official account on X, Hamster Kombat announced that it would soon end its first season. Season 1 of Hamster Kombat will end on September 20 ahead of the token launch and airdrop next week.

Read this article till the end to understand in detail about the HMSTR token launch and learn how to get free Hamster Kombat airdrop.

Season 1 of Hamster Kombat Ends Soon

In a X account post shared on Tuesday, the Hamster Kombat team said that they will take a "snapshot" of players' earnings and in-game status at 6pm UTC on September 20 along with the end of season 1 of Hamster Kombat.

However, as previously confirmed, a second season of in-game rewards is planned for after the airdrop.

Hamster Kombat will launch its HMSTR token on The Open Network (TON) on September 26 and offer airdrop claims to players.

The game has previously claimed to have more than 300 million total players to date, with Telegram app data showing 94 million active players over the last month. This makes it the most played Telegram game so far.

Will TON Network be Down Again?

Although the launch of the Hamster Kombat token is highly anticipated by crypto gamers, this is also considered to have the potential to cause problems for TON itself.

TON experienced two periods of downtime in late August due to claims of other tokens for smaller projects, raising concerns that the magnitude of Hamster Kombat's drop could bring down the network again.

In fact, developer TON Core admitted last week in a Telegram post that the launch of HMSTR as well as the CATI Catizen token launched on September 20 may cause "more technical stress and perhaps some unforeseen issues" amidst a very interesting token drop attention.

Get the Hamster Kombat Airdrop

Hamster Kombat token registration will be accompanied by an event airdrop HMSTR. Not only is this done by Hamster Kombat, various crypto exchanges will released HMSTR tokens also celebrated the release by holding an airdrop event, including Bitrue.

At the moment Bitrue is holding a Hamster Kombat airdrop event. The event period was held from 13 to 27 September, the day after the release of Hamster Kombat on the Bitrue market.

Event airdrop Hamster Kombat Bitrue has prizes of up to 10,000,000 HMSTR tokens specifically for Bitrue users. So, make sure you register on the Bitrue page listed so that you are eligible to take part in this airdrop event.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES