3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum’s Merge

After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum’s native token Ether (ETH), the valuation of several other tokens have not only benefited greatly, but could also keep outperforming ETH after the Merge.  Ethereum steps closer  toward the Merge The leading smart contract platform completed the last of its three public testnets dubbed “Goerli,” on Aug. 11. Therefore, there should be no delays in Ethereum’s “Merge,”… Source link

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Ether Briefly Tops $1.9K After Ethereum Runs Final Testnet Merge – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Ethereum: Is dollar-cost averaging a way to go until Merge comes in

The Ethereum Merge is about five weeks away and as the count down to the main event narrows, the phrase, “buy the rumor, sell the news” is expected to play out. This means we should expect an increase in the demand for ETH within the next four weeks. A look at ETH’s on-chain metrics reveals that this is already happening. Whales are scooping up ETH Whales holding large amounts of ETH have notably increased their balances, especially in the last four weeks. This is… Source link

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Buenos Aires City to Deploy Ethereum Validator Nodes in 2023 – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Ethereum Price to Soar After Merge If This Scenario Plays Out, Arthur Hayes Says

Alex Dovbnya Former BitMEX CEO Arthur Hayes believes that the price of Ethereum could soar higher after the merge upgrade Arthur Hayes, the former CEO of the BitMEX cryptocurrency exchange, claims that the current Ethereum futures term structure may point to a significant rally after the merge. Backwardation described a term structure where futures contracts trade lower compared to the cryptocurrency spot price. While it might be seen as a reason to be bearish on the price of Ethereum,… Source link

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Monero gets Binance backing, but should XMR traders go long

Monero [XMR] performed impressively over the last 24 hours with a 6.28% uptick. On the previous day (10 August), the XMR price was $159 as per CoinMarketCap. At press time, it was trading at $168.16, drawing attention and possibly on its way to another solid performance like it did in July. Before now, Monero had been involved in several proposals—making moves to transition from one network to another. Additionally, the private cryptocurrency made its network upgrade a… Source link

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Is it foolish to expect a massive Ethereum price surge pre- and post-Merge?

Ether’s (ETH) impressive 85% gain in the past 30 days has surprised even the most bullish investors, and it makes the $800 range seen in mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story, and the data suggests that professional traders remain highly skeptical. Ether 1-day price index, USD. Source: TradingView It’s important to remember that the leading cryptocurrency, Bitcoin (BTC), gained 28% in the same… Source link

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BlackRock Bitcoin fund launch sends BTC price towards $25K

Bitcoin (BTC) continued toward $25,000 on the Aug. 11 Wall Street open amid news that the world’s largest asset manager had launched a BTC product. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silbert on BlackRock: “Here comes Wall Street” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spike to $24,921 on Bitstamp as United States stocks trading got underway. While going on to consolidate slightly below the highs, the pair inspired confidence in market… Source link

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Is The Bitcoin Surge Due To An External Reason? What The Data Suggests

The world’s first and largest cryptocurrency is making gallant steps towards the greens in a recent outturn of events. Bitcoin is experiencing a sharp rise in price within its market. Recent trading activities got BTC’s price to hit the $24,000 mark. This creates a positive record for the top cryptocurrency across the industry. Though Bitcoin is making a tremendous improvement in value, its number of active addresses seems to be downtrend. The sudden growth in price for BTC likely has… Source link

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Monero to undergo network upgrade on August 13

The latest hardfork on Monero will bring key improvements in terms of network efficiency and performance. Binance said it will support the hardfork by handling all technical requirements involved for all users holding XMR in their Binance accounts.  Privacy blockchain network Monero has announced that it will undergo a network upgrade this week on August 13. This will be nothing but a hardfork in… Source link

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