Stacking $ETH. Slowly but surely! 👌🏻
Ethereum is a decentralized software platform that uses blockchain technology, commonly referred to as its native cryptocurrency, Ether or Ethereum crypto. Anyone can access and utilize secure digital technology using Ethereum.
With the ETH crypto token, users can pay for work that helps support the Ethereum blockchain. They can also use it to buy services, physical items, or trade it for regular money. Developers like to use ETH to make new and secure technology that makes our everyday lives better.
Bitcoin has a limit of 21 million coins, but Ethereum initially didn't have a maximum supply. Vitalik Buterin decided on this to make a network with endless coins, providing more room for growth and flexibility. Currenlty, the amount of eth in circulating supply is 120.26M coins.
Ethereum first shared its coins during a big sale in 2015, creating about 72 million coins right at the start. People spent these coins in various ways, such as funding Ethereum's development and rewarding the miners who verify transactions.
Ethereum is interesting because developers can make apps which can imrpove various industries. It also uses smart contracts, which are essential for creating decentralized apps (dApps) that people use in IT and finance.
Key points to remember:
How Does Ethereum Work?
Vitalik Buterin created Ethereum with the help of Joe Lubin. They first shared their detailed plans in 2014, and Ethereum was up and running in 2015. It differs from Bitcoin because it is built to be flexible and handle growth. As such it is the ideal platform for all kinds of decentralized apps (dApps).
Proof-of-Stake Mechanism
This system uses complex algorithms to agree on network transactions and keep everything secure. To be a validator and help create and check blocks, users need to stake ETH. If they do something wrong, there are penalties to keep everyone honest and the network safe.
Wallets and Transactions
Digital wallets represent ether ownership. Users have private keys (not the currency itself) which they need to make transactions on the Ethereum network.
Decentralized Autonomous Organizations (DAOs)
Thanks to Ethereum’s smart contracts, we have DAOs. These offer a clear and democratic way to make decisions in decentralized networks.
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Stacking $ETH. Slowly but surely! 👌🏻
72 rebalances in 30 dats don´t we loose to much on fees?
$ROSE is doing great! We are buying back some $INJ, that we sold higher before that.
$ETH sits above $2k for now, I hope it holds. 🤞🏻
Have a nice day!
November is coming to an end. Since 1. of November we managed to make around 35% profit👌🏻. It's always hard to predict the future, but there are several indicators showing further uptrend.
Only 133 day til the next halving (April 2024). There are also rumours about interest cuts in May 2024. This could be a pretty nice combo for some fireworks 🚀
Looking at our strategy we can observe $ROSE and $INJ doing extremely well, while $ETH stands still. I've decided to take some profit and add to $ETH and $RUNE.
Have a nice Sunday! 😉
Adding a new holding to our strategy. $TIA Celestia. Lowered $ATOM and $ETH 1%, & $RNDR 2%.
Celestia is a modular data availability network that securely scales with the number of users, making it easy for anyone to launch their own blockchain.
The project is closely associated with COSMOS and allows blockchain projects to scales and be developed more efficiently.
No, because these rebalances are very small. Mostly less than 1% of the total value. It would be problematic if I'd be going 100% in stables and then again in etc.
I have fees in my mind, don't worry 😉 I'm heavily invested too 😊