Ethereum is a game-changing crypto player on the deep web. A protocol with multifaceted capabilities associated with smart contracts, decentralized applications (DApps), and more, Ethereum is known for its role in making crypto a tool and not just an investment. If you would like to buy Ethereum, you aren’t just purchasing a cryptocurrency for investment. Instead, with the blockchain flaunting a diverse range of use cases, purchasing and holding ETH can also be a plus point to exploring the ecosystem on the deep web.
In this detailed guide, we’ll unveil the best darknet markets that access Ethereum, its prices, and reasons why its price can’t break $2K on the deep web and hence disappointed deep web users.
Overview Ethereum
Ethereum is a blockchain that is a basic unit of building. Ether is its native coin, utilized to pay Ethereum gas fees charged for interacting with the Ethereum network. Developers can construct decentralized applications (DApps) or tokens on the Ethereum blockchain. Vutalik Buterin published the Ethereum white paper in late 2013, but the blockchain didn’t launch until 2015 as the product of multiple co-founders, such as Buterin. ETH price or Ethereum price increased significantly in the years following 2015.
How Ethereum Works
The Ethereum blockchain began as a proof-of-work (PoW) blockchain, depending on Ethereum mining for block production on its network. In this system, miners compete to find the answer to a complex puzzle. The winner gets to create an Ethereum block on the network. Each block is filled with transactions and consists of a block reward. The miner who wins a contest to discover the block earns the block reward and the transaction fees related to the transactions in that block.
In 2020, however, Ethereum officially began its transition to Ethereum 2.0 in the deep web market, or Eth2. A lengthy transition was focusing on scaling the Ethereum blockchain and moving to a proof-of-stake (PoS) consensus algorithm. The Ethereum 2.0 blockchain depends on validators’ staking a minimum of 32 ETH to run and protect the network.
Furthermore, Ethereum has smart contract capabilities. Smart contracts are vital digital contracts that execute a predetermined agreement once certain conditions are reached. These DApps are the same as other applications, with user-friendly front ends offering bombastic features, including asset trading. While on the back end, DApps run on the Ethereum blockchain through smart contracts.
Ethereum Price
Ethereum started its initial coin offering (ICO) in 2014, prior to the Ethereum blockchain’s introduction in 2015. In 2016, ETH traded for less than $10 per coin. Ethereum’s value drastically spread in terms of Ethereum to USD, or ETH to USD, in the following years, approaching price highs of more than $4,400 per coin in 2021. ETH’s price, time by time, has shown volatility, similar to other assets in the crypto space.
Moreover, Ethereum gas prices are another Ethereum price metric that plays a role when you’re looking at the Ethereum blockchain. The price of Ethereum gas fees on darknet markets became a noticeable burden in 2020 and 2021.
3 Reasons Why Ethereum Price Can’t Break $2K & Disappointed Deep Web User
The price of Ethereum’s native token, Ether (ETH), has increased by around 35% so far in 2023. But its attempts to break above $2,000 have witnessed strong bearish rejections multiple times.
Have a glance at three reasons why Ethereum’s price has failed to retake $2,000 since May 2022.
1: Ethereum Price Paints Bear Cycle Uncertain
Lack of ability of Ethereum to cross above $2,000 in 2023, similar to the bearish rejection near $425 in 2018-2019.
In both cases, Ether presents to be in a recovery phase while looking closely above its 0.236 Fib line of the Fibonacci retracement graph.
In 2018-2019, the 0.236 Fib line was close to $425 and was instrumental in limiting Ether’s recovery attempts. The same line is close to $2,000 in 2023 forcing itself again as a selling area and, therefore, pressuring ETH’s price lower on the deep web.
2: Due to the Stronger U.S. dollar, Bitcoin
A strengthening U.S. dollar has lessened demand for Ethereum in recent months, thus lowering its ability to close decisively above $2,000.
The current negative correlation between top cryptocurrencies and the dollar has been the main culprit on the deep web. In 2023, especially the weekly correlation coefficient between Ether and the U.S. dollar index (DXY) has been frequently negative, as shown below.
In the meantime, Ethereum has hugely underperformed Bitcoin in 2023 due to ongoing spot Bitcoin ETF hype. For example, the widely-tracked ETH/BTC pair has decreased by 20% year-to-date (YTD).
Furthermore, the net capital embraced by Ethereum-tied investment funds has reduced by $114 million so far on the deep web in 2023, as per Experts’ weekly report. On the other hand, Bitcoin-based funds have attracted $168 million in the same period on darknet markets.
3: Ethereum Network Activity Downfall on Deep Web
The total-value-locked (TVL) across the Ethereum ecosystem has reduced from 18.41 million ETH to 12.79 million ETH so far in 2023 on the deep web websites that hugely disappointed its users. Due to the reduced availability of funds, resulting in lower yields for investors, as mentioned by JP Morgan analysts warned it currently.
The downfall of TVL has accompanied a drop in the Ethereum network’s gas fees, which approached a yearly low on Oct 5. Ethereum’s NFT volumes and unique active wallets have also been down to 30% and 16.5% in the last 30 days, according to Dapp Radar.
It includes declines in the key metrics of popular apps, such as decentralized exchange Uniswap V2, DEX aggregator 1inch Network, Ethereum staking provider Lido, and others.
Best 10 Darknet Markets For Crypto-Curious
1: Grey Market
Grey Market is one of the newer DNMs, offering its online debut in mid-2019. In spite of its youth, it already brags over 450 vendors and some 4,700 products, from cannabis vape oil to goods aimed at those with a stronger constitution. Being a wallet-less market, there’s no need to deposit funds before you can shop. You can dispatch a coin from a wallet you already control to a newly generated address. Furthermore, Grey Market accepts Ethereum and Bitcoin and has a 10-tier EXP (experience) structure for vendors.
2: Cartel Market
Are you looking for a darknet general store? The cartel market is for you! This is one of the all-purpose darknet markets and contains a wide range of drugs, self-defense products, electronics, and even hosting. If web interfaces are essential to you, the cartel market is known for its simple, neat, aesthetic, and easy-to-use web interfaces. It accepts Ethereum.
Additionally, there are detailed product descriptions and prices listed right underneath the product so that customers will get an overview quickly and easily.
3: Cannozon
Cannazon’s logo gives a good indication of the sort of products it provides, with kush lovers well catered for. Similar to Grey Market, it accepts BTC, XMR, and ETH, and there’s a multisig escrow system, which is standard with DNMs. Cannazon has been monitoring since mid-2016, which is practiced in the world of darknet markets. Furthermore, Cannazon is that they appraises vendors pretty hard to ensure a high level of product and service, and there are around 15 vendor tiers. In contrast to Grey Market, Cannazon will not ship to or from the U.S.
4: World Market
It is one of the largest darknet markets and deals in several types and categories of products. Even though you can search a variety of prescription and recreational drugs and substances, this World market is also full of electronics, personal ID scans, dumps, and credit cards, among many other options.
To top it all off, this market site comes with the best phishing protection, which makes it more secure and easier for users to find and shop on the World Market without fearing that they might end up on the wrong one.
5: ASAP Market
If you’re having trouble creating an account on the darknet market, this site is made for you! However, you need to register to get around to making any purchases. Furthermore, this market focuses on drugs as well as properly categorized into varieties. These varieties include stimulants, opioids, cannabis, and steroids. It accepts Bitcoin and Ethereum currency.
6: Invictus Market
It offers a wide range of recreational and prescription drugs. If you want a drug that isn’t readily available, this is probably where you’re most likely to find it. The site also features its own ‘classified’ section that lists items, such as gold powder, iPhones, and gaming consoles, making Invictus Market worth looking through if you’re on the hunt for rare items. It accepts Ethereum coin.
7: Yellow Brick Market
If you’re looking for rare and interesting finds, you must try Yellow Brick Market. This is one of the anonymous darknet markets and allows vendors to sell literally anything, and their customers purchase anything without judgment or putting their identity at risk.
It was launched in the year 2020 by Aaron Cross, who was a member of ‘Anonymous’ a hacker group at the time; this is a marketplace that is spreading in popularity for its rare finds and anonymity.
8: AphaBay Market
It was the largest darknet market in history, working from 2014 to 2017 with operators alpha02 and DeSnake. AlphaBay Market unexpectedly went offline in July 2017 and was suspected of being an exit scam; however, a few days later, it was announced that AlphaBay had been taken hold and alpha02 alias Alexandar Cazes had been apprehended.
DeSnake reopened AlphaBay in August 2021 with a new look, with the aim of becoming the largest darknet market in history.
9: Tochka
This DNM, which has been working since 2014, offers a seven-day escrow system and two-of-three multisig. BTC, XMR, LTC, and ETH are the favored currencies. Over 6,800 products are on sale at the time of writing from under 600 vendors: everything from seeds and edibles to Viagra and growth hormone. Furthermore, Tochka has joined with DNMAvengers, a forum dedicated to decreasing harm and expanding awareness through testing of products suspected of containing adulterants. Additionally, this site enables dead drops, should customers would like to pick up their waves from a prearranged location subtly.
10: Apollo
Apollon can’t be accused of scrimping on choice. It accepts a wide range of cryptocurrencies, too: bitcoin cash as well as BTC, XMR, LTC, and ETH. It’s a traditional direct deposit darknet market, so you can fund your wallet address and wait for the deposit to clear before you can order.
How to Buy Ethereum from Darknet Markets?
Since the dark web is an anonymous site, the only way to purchase anything off the darknet market without risking your anonymity is to buy in cryptocurrency. If you’re looking for versions of Bitcoin that are relatively more private than others, try Monero (XMR) and Ether (ETH). Monero and Ethereum transactions make it harder for even hackers to track down your real-world identity.
When you have enough cryptocurrency to get around, you need to access the darknet markets through the deep web. You will require an onion browser like Tor for this, along with a VPN service. Once you are joined, you can start funding your darknet account on the deep web websites.
When you make one, you will find an option that says ‘wallet’ or ‘account.’ once you find it, you will look for another option like ‘generate bitcoin address’ or ‘deposit BTC.’
Furthermore, you will show an address comprising of a string of numbers and letters, looking something like 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
In order to complete the payment process, you need to copy this address and paste it into the ‘send BTC to address’ section. After that, you will be asked to choose the amount of bitcoin that you would like to transfer to your darknet wallet. If you would like to transfer all of it, click the option called ‘max,’ then his transfer, and wait for up to 40 minutes for the amount to be credited to your darknet account on the deep web.
At last, all you need to do is search for the best darknet market that sells the product you are looking for and make your purchase!
Is it Safe to Buy Ethereum Altcoins from Darkweb Markets?
The deep web can get dangerous, and dark web markets are shady spaces where you can find literally anything you want. It offers a wide range of varieties, from harmless CBD oil to illegal drugs; there is only a little that is off-limits. When it comes to purchasing from these markets, it really relies a lot on what you’re buying.
As long as you are purchasing anything illegal, you are likely to get into trouble with the law. However, since the deep web and darknet markets are social and economic hubs for criminals, it is best to keep your tracks covered and not risk your anonymity.
Furthermore, if you are accessing a high-quality VPN service, this will already be taken care of. VPNs encrypt data and camouflage your IP address, making you unnoticeable.
Why do Deep Web Marketplaces Always Invest in Ethereum?
The dark web and deep web are both internet corners known as heaven for the planning and source of communication for illegal or criminal activities. In addition to that, offering these illegal arrangements, the deep web also flattens trade and cryptocurrencies.
However, the blockchain was recognized as addressing the control of dealing transactions on the deep web. Here, we have gathered some characteristics that help the dark web for blockchain technology of Ethereum or other cryptocurrency transactions.
1. Provide Complete Anonymity on Deep Web and Cryptocurrencies
The seep web allows user to surf freely if their region has limited internet access or high political censorship. However, it is not easily noticed that the user completes transactions without leaving a hint because it can sometimes change the modification between life and death.
Moreover, Ethereum is extremely beneficial for activities on the deep web, especially for those worried about online banking security. In the dark web, there are cryptocurrencies, such as Bitcoin, Monero, and Ethereum, that help sneakiness to the locations, making an address for getting the transaction fees. However, these addresses are traceable but can’t traced back to the original owner.
2. High Security of Digital Assets
The dealer on the deep web chooses safe and unfailing techniques for receiving their transactions. However, a wide range of dealing has been accomplished on the deep web, from selling and buying illegal drugs to human trafficking, child pornography, and hacking. Additionally, these transactions are expensive enough to deposit. Moreover, the delay can’t be bearable in these dealings.
The Future of Ethereum on the Deep Web
Ethereum’s vital developers keep things clean, simple and secure at the base layer. It means it will put on the rest of the community to create new features on top of the protocol.
In the words of Buterin, Ethereum was developed to “just be a virtual machine, and verifying a block would just be a single virtual machine call.” among the key advantages of this approach was that a hard fork can be easily described as a single transaction to the block processor contract. Furthermore, other advantages of a minimalist structure consist of flexibility in meeting different user needs and avoiding software bloat.
However, with time, the community is recognizing that enshrining features may allow the future of Ethereum to see improvements such as lower gas fees, better security, and reduced centralization risks.
FAQs
Q1: Can I use a free VPN service to access darknet markets?
Ans: Users must always prevent accessing free VPN services, especially when they would like to use the deep web. This is because free VPN services are infamous for compromising the privacy and security of users. Therefore, the safest way to access the dark web is with the help of paid VPN services such as ExpressVPN. ExpressVPN offers strong VPN protocols and other security features that make for a safe online environment.
Q2: Can you access the deep web legally?
Ans: The deep web can be accessed for legal reasons as well. For instance, a whistle-blower can access the deep web to alert for illegal activities without revealing their own identity online.
Q3: How to stay safe while visiting the deep web websites?
Ans: There are several things to do in order to stay safe while visiting deep web websites. Here are some of the most significant things to do:
- Access a VPN service.
- Keep the firewall active.
- Use a privacy-focused browser.
- Disable JavaScript in the browser.
Q4: Can your information be removed from the deep web?
Ans: when you have entered personal information into the deep web, or the regular web, for that matter, it is virtually impossible to diminish all personal information. That is why it is essential to keep all private information offline at all times.
Q5: What is being done to regulate Ethereum and other cryptocurrencies on the deep web?
Ans: Regulating Ethereum or other cryptocurrencies on the deep web is a complex issue that includes international cooperation between law enforcement agencies and regulatory bodies. On the other hand, some countries have taken steps to circulate Ethereum or other cryptocurrencies, such as requiring exchanges to register with financial authorities, while others have been more hesitant to do so. As the use of Ethereum on the deep web frequently evolves, there will likely be high chances to increase scrutiny and regulation of these activities.
Conclusion
Hopefully, you’ve got a complete idea of the downfall of Ethereum altcoins. However, you can visit top darknet markets on the deep web and utilize your Ether coins. Furthermore, we’ve suggested to secure your privacy while accessing the best VPN and protect your personal information.