{"id":530231,"date":"2023-05-06T10:34:05","date_gmt":"2023-05-06T10:34:05","guid":{"rendered":"https:\/\/wncen.com\/?p=530231"},"modified":"2023-05-06T10:34:05","modified_gmt":"2023-05-06T10:34:05","slug":"eth-booming-deposits-heighten-volatility","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/","title":{"rendered":"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome"},"content":{"rendered":"

Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. <\/span><\/p>\n

According to a recent report by Santiment, investors are actively depositing ETH to various crypto exchanges, and this activity has reached its highest level in the past eight months.\u00a0<\/span><\/p>\n

While this trend may suggest a growing interest in the cryptocurrency, it also indicates that the price of ETH may experience surging volatility in the near future. <\/span><\/p>\n

As more investors deposit their ETH into exchanges, this influx of supply may impact the demand and cause fluctuations in the market.\u00a0<\/span><\/p>\n

In other words, the surge in active ETH deposits may be a harbinger of potential price turbulence, which could impact investors’ portfolios.<\/span><\/p>\n

Related Reading: Pepe Shakes Off CZ\u2019s Controversial Views On Meme Coins, Shoots Up 709%<\/a><\/div>\n

Surge In Active ETH Deposits And Increased Volatility<\/strong><\/h2>\n

Santiment’s team of analysts is currently investigating the recent surge in active ETH deposits and its potential impact on the market.\u00a0<\/span><\/p>\n

According to their <\/span>initial findings<\/span><\/a>, this increase in deposits is likely an indication of the forthcoming rise in price volatility.<\/span><\/p>\n

\n

\ud83d\ude2e #Ethereum<\/a>‘s active deposits just hit an 8-month high. As we research the most likely cause, we can currently state that this likely will foreshadow upcoming increased $ETH<\/a> volatility, similar to the result of spikes during the #merge<\/a> & #FTX<\/a> collapse. https:\/\/t.co\/aBeHQudM52<\/a> pic.twitter.com\/oHeypfUPvJ<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) May 5, 2023<\/a><\/p><\/blockquote>\n

This phenomenon has been observed previously, for example, with the introduction of the Merge upgrade in September 2022, and the FTX collapse in November 2022, which caused a significant impact on the ETH price.\u00a0<\/span><\/p>\n

Presently, exchanges have recorded close to 9,200 unique deposits of ETH, which is the highest amount since the introduction of the <\/span>Merge upgrade<\/span><\/a> last year. <\/span><\/p>\n

The surge in active deposits, coupled with the current market trends, suggests a possible turbulent period ahead for ETH traders and investors.<\/span><\/p>\n

Record Amount Of ETH Burned In Conjunction With Price Rise<\/strong><\/h2>\n

Ethereum continues to soar in value, with <\/span>CoinGecko<\/span><\/a> reporting a current price of $1,981.25 per ETH. The past 24 hours alone have seen an impressive rally of 4.2%, while over the course of the past week, the rally has been even more remarkable, with an increase of 4.9%. It’s an exciting time for investors and traders who are keeping a keen eye on this thriving market.<\/span><\/p>\n

As the price of Ethereum continues to rise, an unprecedented amount of ETH has been burned over the past 24 hours, according to David Hoffman, an Ethereum enthusiast.\u00a0<\/span><\/p>\n

<\/p>\n

ETHUSD yet to hit the $2K mark. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Cardano TVL Climbs By 10% In A Day \u2013 Is ADA Set To Soar Once Again?<\/a><\/div>\n
In a <\/span>recent tweet<\/span><\/a>, he reported that a staggering 10,300 ETH had been consumed, with roughly half of that amount utilized for Uniswap trades. <\/span><\/p>\n
\n
24hr $ETH<\/a> burn record SMASHED<\/p>\n
10,300 ETH burnt and rising pic.twitter.com\/9d6eJSnpe3<\/a><\/p>\n
\u2014 DavidHoffman.eth \ud83d\udee1\ufe0f\ud83e\udd87\ud83d\udd0a \ud83c\udff4 (@TrustlessState) May 5, 2023<\/a><\/p><\/blockquote>\n
The surge in ETH burning is attributed to the current meme coin season predominantly taking place on the Ethereum mainnet, resulting in a rise in gas fees and a subsequent increase in ETH burning.\u00a0<\/span><\/p>\n
Over the last 30 days, the supply of ETH has decreased by 0.80%, with the meme season potentially doubling the burn rate. <\/span><\/p>\n
This metric suggests that the longer the meme season persists, the more ETH will be burned, which could positively impact ETH holders, regardless of their stance on meme coins.<\/span><\/p>\n
-Featured image from Macro Hive<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by Santiment, investors are actively depositing ETH to various crypto exchanges, and this activity has reached its highest level in the past eight months.\u00a0 While this trend may suggest a growing interest in the cryptocurrency, it also indicates that the price of ETH may experience surging volatility in the near future. As more investors deposit their ETH into exchanges, this influx of supply may impact the demand and cause fluctuations in the market.\u00a0 In other words, the surge in active ETH deposits may be a harbinger of potential price turbulence, which could impact investors’ portfolios. Related Reading: Pepe Shakes Off CZ\u2019s Controversial Views On Meme Coins, Shoots Up 709% Surge In Active ETH Deposits And Increased Volatility Santiment’s team of analysts is currently investigating the recent surge in active ETH deposits and its potential impact on the market.\u00a0 According to their initial findings, this increase in deposits is likely an indication of the forthcoming rise in price volatility. \ud83d\ude2e #Ethereum‘s active deposits just hit an 8-month high. As we research the most likely cause, we can currently state that this likely will foreshadow upcoming increased $ETH volatility, similar to the result of spikes during the #merge & #FTX collapse. https:\/\/t.co\/aBeHQudM52 pic.twitter.com\/oHeypfUPvJ \u2014 Santiment (@santimentfeed) May 5, 2023 This phenomenon has been observed previously, for example, with the introduction of the Merge upgrade in September 2022, and the FTX collapse in November 2022, which caused a significant impact on the ETH price.\u00a0 Presently, exchanges have recorded close to 9,200 unique deposits of ETH, which is the highest amount since the introduction of the Merge upgrade last year. The surge in active deposits, coupled with the current market trends, suggests a possible turbulent period ahead for ETH traders and investors. Record Amount Of ETH Burned In Conjunction With Price Rise Ethereum continues to soar in value, with CoinGecko reporting a current price of $1,981.25 per ETH. The past 24 hours alone have seen an impressive rally of 4.2%, while over the course of the past week, the rally has been even more remarkable, with an increase of 4.9%. It’s an exciting time for investors and traders who are keeping a keen eye on this thriving market. As the price of Ethereum continues to rise, an unprecedented amount of ETH has been burned over the past 24 hours, according to David Hoffman, an Ethereum enthusiast.\u00a0 ETHUSD yet to hit the $2K mark. Chart: TradingView.com Related Reading: Cardano TVL Climbs By 10% In A Day \u2013 Is ADA Set To Soar Once Again? In a recent tweet, he reported that a staggering 10,300 ETH had been consumed, with roughly half of that amount utilized for Uniswap trades. 24hr $ETH burn record SMASHED 10,300 ETH burnt and rising pic.twitter.com\/9d6eJSnpe3 \u2014 DavidHoffman.eth \ud83d\udee1\ufe0f\ud83e\udd87\ud83d\udd0a \ud83c\udff4 (@TrustlessState) May 5, 2023 The surge in ETH burning is attributed to the current meme coin season predominantly taking place on the Ethereum mainnet, resulting in a rise in gas fees and a subsequent increase in ETH burning.\u00a0 Over the last 30 days, the supply of ETH has decreased by 0.80%, with the meme season potentially doubling the burn rate. This metric suggests that the longer the meme season persists, the more ETH will be burned, which could positively impact ETH holders, regardless of their stance on meme coins. -Featured image from Macro Hive<\/p>\n","protected":false},"author":557,"featured_media":530250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-530231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nEthereum (ETH) Booming Deposits Heighten Market Volatility<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum (ETH) Booming Deposits Heighten Market Volatility\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-06T10:34:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png\" \/>\n\t<meta property=\"og:image:width\" content=\"486\" \/>\n\t<meta property=\"og:image:height\" content=\"288\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome\",\"datePublished\":\"2023-05-06T10:34:05+00:00\",\"dateModified\":\"2023-05-06T10:34:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\"},\"wordCount\":569,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288\",\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\",\"url\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\",\"name\":\"Ethereum (ETH) Booming Deposits Heighten Market Volatility\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288\",\"datePublished\":\"2023-05-06T10:34:05+00:00\",\"dateModified\":\"2023-05-06T10:34:05+00:00\",\"description\":\"Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288\",\"width\":486,\"height\":288,\"caption\":\"Ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/wncen.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum (ETH) Booming Deposits Heighten Market Volatility","description":"Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum (ETH) Booming Deposits Heighten Market Volatility","og_description":"Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by","og_url":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-05-06T10:34:05+00:00","og_image":[{"width":486,"height":288,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/"},"author":{"name":"Christian Encila","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome","datePublished":"2023-05-06T10:34:05+00:00","dateModified":"2023-05-06T10:34:05+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/"},"wordCount":569,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288","articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/","url":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/","name":"Ethereum (ETH) Booming Deposits Heighten Market Volatility","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288","datePublished":"2023-05-06T10:34:05+00:00","dateModified":"2023-05-06T10:34:05+00:00","description":"Ethereum (ETH) has experienced a series of corrections in the last few weeks, following a rally over the past few months. According to a recent report by","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288","width":486,"height":288,"caption":"Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome","url":"http:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/eth-booming-deposits-heighten-volatility\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2023-05-06T10:34:05Z","datePublished":"2023-05-06T10:34:05Z","dateModified":"2023-05-06T10:34:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum (ETH) Booming Deposits: Insights On Potential Price Outcome\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/eth-booming-deposits-heighten-volatility\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/eth-booming-deposits-heighten-volatility\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-17.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-17.png?fit=486%2C288\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2023-05-06T10:34:05Z\",\"datePublished\":\"2023-05-06T10:34:05Z\",\"dateModified\":\"2023-05-06T10:34:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-17.png?fit=486%2C288","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/530231"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=530231"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/530231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/530250"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=530231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=530231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=530231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}