Tag
ETHEREUM
Naira remained stable against the US dollar on Wednesday to close at N411.45/$1 at the I&E window.
The local currency gained against the dollar at the official market as Brent crude sailed past $77 per barrel for the first time in about 3 years.
Short sellers are presently having their fingers burnt, with Bitcoin bulls fighting to reclaim the $35k mark.
Here are some cryptocurrencies to look out for in July.
The local currency was down at the official window as forex liquidity dropped by 43.2%.
The exchange rate depreciated further at the parallel market to close at N500/$1 on Monday, June 21, 2021.
The exchange rate gained at the parallel market to close at N493/$1 on Thursday, compared to N502/$1 recorded on Wednesday.
Naira appreciated at the parallel market to close at N502/$1 on Wednesday, compared to N505/$1 recorded on the previous day.
Ethereum’s network opens up possibilities beyond cross-border payments.
The dollar supply rose massively by 261.5% as BDC directors pledge their support for exchange rate stability.
This week, we saw the Ethereum network average gas fees as low as $3.44, a figure not seen since the first day of January 2021.
Naira depreciated against the US dollar on Tuesday to close at N411.50 to a dollar from N411.07/$1 recorded on Monday.