Ethereum
Vitalik Buterin Among Time’s 100 Most Influential People of 2021
Vitalik Buterin, a co-founder of Ethereum, the second-largest cryptocurrency by market cap, has made Time magazine’s list of the 100 most influential people of 2021. Time recognized him as an innovator and valued his ability to help other creators.
Vitalik Buterin in Time’s Top 100 Influencers
The most famous Ethereum co-founder, Vitalik Buterin, has been included in Time’s top 100 influential people of 2021 list. This magazine lists the most influential people according to current events. It also identifies the roles of each individual on the list. Others included for 2021 are Nayib Bukele, president of El Salvador, who pushed the inclusion of Bitcoin as legal tender, and Elon Musk, the CEO of Tesla and SpaceX, who is also a cryptocurrency enthusiast.
Alexios Ohanian was one of the original developers of Reddit and discussed Buterin’s inclusion. He said:
What makes Vitalik so unique is that he’s a builder. Although it was impossible for one person to come up with all the uses of Ethereum, it took one person’s thought to get it started. There has been a whole new world that opened up and allowed for new ways to leverage blockchain technology. Some of these I have invested in.
Ethereum Is a Platform for Platforms
This year, Ethereum has been the hotbed for the rise of NFTs, a technology that is changing how artists and creators monetize their work. Opensea, one of the main NFT markets, has already surpassed the one-billion-dollar mark in sales. Axie Infinity, another important Ethereum-based project, has seen its popularity rise this year. Axie was created in 2017, but it is now in the spotlight due to the impressive income some are achieving by playing it. Axie has a significant impact on emerging economies such as the Philippines and Venezuela.
Ohanian wrote the review for Buterin. He also mentions some important projects within the Ethereum ecosystem. He said:
Whether it’s startups such as Sorare that reinvent fantasy sports, or Rainbow users showing off NFT collections to the world, none of these would have been possible without Vitalik. Vitalik Buterin is the reason I am so excited about the Internet’s potential.
Ethereum is now hovering over the $3,500 mark, up 4.3% in the last 24 hours.
What do you think about Vitalik Buterin being included in Time’s list? Let us know your thoughts in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to purchase or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.
Ethereum
Ethereum Foundation Sets Up Multisig Wallet for Defi Participation
Ethereum
Ethereum Price Analysis: This Support Is Crucial for Ethereum to Reach $4K
Ethereum is grappling with a decisive support range between the 100-day MA ($3.2K) and the 200-day MA ($3K), a critical region serving as the buyers’ last line of defense.
The outcome at this level is expected to shape Ethereum’s mid-term trajectory.
Technical Analysis
By Shayan
The Daily Chart
ETH recently encountered heightened volatility as it approached the significant $3.2K-$3K price range, reflecting an intense battle between buyers and sellers. The price action highlights sellers’ attempts to push the asset below these key moving averages, signaling a potential bearish breakdown.
Currently, Ethereum is finding temporary support within this range, with the price confined between the $3.2K level and the bullish flag’s upper boundary. A decisive breakout in either direction is likely to determine the next major trend for Ethereum.
The 4-Hour Chart
On the 4-hour chart, Ethereum consolidated near the 0.5 ($3.2K) and 0.618 ($3K) Fibonacci retracement levels before briefly breaking below this critical support zone. However, strong buying interest quickly drove the asset back above the $3.2K mark.
This region remains pivotal as it represents the final primary support zone for buyers. A sustained hold above the $3.2K level could reignite bullish momentum, targeting a recovery toward higher resistance lines.
Conversely, a breakdown below this range could trigger liquidations, potentially driving the price toward the $2.5K support zone. For now, Ethereum is consolidating near this critical region, with a battle between buyers and sellers dictating the market’s next move.
Onchain Analysis
By Shayan
The Binance liquidation heatmap provides insights into key levels where significant liquidation events are likely. Based on the clustering of liquidation levels for long and short positions, these levels often act as magnets, driving price action toward them as market participants aim to capture liquidity.
During the recent shake-off, Ethereum grabbed liquidity at the $3K mark, resulting in a sharp price recovery. A notable cluster of wrecked levels still exists just below the critical $3K support, representing long-position liquidations. This makes the $3K area highly attractive to bears and institutional sellers, increasing the probability of a bearish breakout toward these levels in the mid-term.
However, a significant liquidity pool also rests at the $4K threshold, marking a potential ultimate target for buyers. However, it is likely that the price may grab liquidity below $3K first, creating a shakeout phase before resuming a bullish trajectory toward $4K. While Ethereum’s current price action reflects consolidation, the $3K level remains pivotal. A bearish breakout to capture liquidity below $3K is plausible in the short-to-mid term.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Ethereum
Ethereum Slips Further Behind as Competitors Steal the Spotlight
-
Bitcoin3 years agoDigital Currency Group wraps up $600 million debt capital raise
-
NFT3 years agoDRepublic launches a combined NFT platform, ‘MetaCore’ Using EIP-364
-
Bitcoin3 years agoWhere to buy Dogelon Mars after falling 15% on Thursday
-
Bitcoin3 years agoSalvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will End in Environmental Disaster’
-
Bitcoin3 years agoAre you a Star Atlas fan?
-
Bitcoin3 years agoAstra Protocol provides identity protection for The Sandbox users
-
Bitcoin3 years agoIndian Government Answers Questions about Bitcoin Transactions, Karnataka Scam and Legality of Crypto Trading
-
Ethereum3 years agoEthereum prices skyrocket but Ether Gas Fees surge, fueling costly transfers