Ethereum Classic saw more than a 100% increase in total value locked (TVL) due to the pouring of more liquidity into the project in anticipation of the Ethereum Merge. Ethereum Classic (ETC) has been one of the best-performing cryptocurrencies in the last two months.  The blockchain increased by 158% in TVL in July. On July 1, TVL was $93,213 and rose to $241,388 on July 31, according to Be[In]Crypto Researched based on data from DeFiLlama.  Source: Ethereum Classic TVL Chart by… Source link

In around a month, Ethereum will transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus. This event was dubbed “The Merge”, tentatively set for September 15 to 16, and will complete a 6-year journey into the new consensus algorithm and blockchain. Users, exchange platforms, miners, and developers are gearing up for the event. Major crypto exchange platform Coinbase recently announced their measures ahead of the Ethereum “Merge” via an… Source link

Ethereum rallying is a sign of prosperity for pretty much every altcoin. But what if that signal fails to sustain and takes a trip back down? That is the issue with Ethereum right now. Despite forming a two-month high last week, it is now looking at a possible downtrend. Ethereum to $2k? A little over 48 hours ago, Ethereum was at its pre-June crash levels after successfully hitting the $2000 mark. It was expected of the king altcoin to continue doing its upwards journey. But… Source link

Key Takeaways Monero has deployed a non-contentious hardfork to enhance privacy features. XMR saw its price increase by 6.5% following the network upgrade.  The token has yet to overcome resistance to trigger a bullish breakout.  Share this article Monero went through a network upgrade this weekend to boost its privacy and security features. Investors appear to have welcomed the news, as XMR saw a 6.5% price increase over the past few hours. Monero Enhances Privacy Features Popular… Source link

Litecoin price has come under intense pressure and formed a rising wedge pattern. LTC dropped to a low of $60.60, which was the lowest level since August 10th. The price is about 72% below the highest level this year, bringing the total market cap to over $4.3 billion. Is the LTC recovery ending? Litecoin is a leading cryptocurrency that was developed to become a better alternative to bitcoin. It solves some of the top challenges that bitcoin such as its slow speed and high transaction costs…. Source link

The latest market crash has left Bitcoin in shambles. Dropping from its November all-time high of $69,000 to its two-year low of just $18,000, Bitcoin dragged the rest of the market with it deep into the red. However, unlike the rest of the crypto market, Bitcoin didn’t see activity on its network subside. The latest data from Glassnode showed that the total number of unique addresses on the Bitcoin network reached its all-time high. Over 1 billion unique addresses currently participate in… Source link

Bitcoin has been recovering of late. Alongside, funds providing exposure to the asset have also started faring well. Take the case of Canada’s Purpose ETF itself, for instance. In mid-July, BTCC was trading at its local lows around 3.7 CAD. However, now, its price stands at 4.7 CAD. US’s ProShares Bitcoin ETF has also increased from $11.6 to $14.8 in the same period. When viewed in conjunction, BTC, BTCC, and BITO have all inclined by the same 26%-27% over the past month. Source:… Source link

According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn. Miners sold nearly 30% of record BTC stash since May The trip to $25,000 this month decreased pressure on a Bitcoin mining sector which has struggled throughout 2022. At one point, fears abounded that miners’ production cost was far higher than the Bitcoin spot price, and that heavy sales would result in order for miners to stay in business. Worse still, many may… Source link

Monero price soared to the highest point since June 11 of this year as investors cheered the latest network  The XMR token rose to a high of $173, which was about 78% above its lowest level this month, giving it a market cap of over $3.1 billion. Why is XMR rising? Monero is the biggest privacy-oriented token in the world. It is a leading cryptocurrency that uses advanced technology to ensure that transactions in the network cannot be tracked. As a result, Monero is widely used in the… Source link

Litecoin price has continued to trade within an ascending channel, and in today’s trading session, it is up by less than a percentage point. However, there are signs that the trend will be short-lived due to the recent bearish price action. With the resurgence of the cryptocurrency industry, which started a few weeks ago, Litecoin has strongly trended upwards, following the trend of other major cryptocurrencies such as bitcoin. Part of the reason for this is due to Litecoin being highly… Source link