I've been getting into crypto since the start of the year. Dipping my toes in, so to speak. I've got some BTC, ETH and a few altcoins (mostly top 10). When I started I thought I just didn't understand it and I needed to do more research. But the more research I do, the more…
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Ethereum (ETH), dubbed as the ‘leader of all altcoins’ has long carried the burden and pressure of supplanting Bitcoin (BTC) as the king of all cryptocurrencies. To this date, it hasn’t succeeded or has come close into completing that mission. Not even The Merge could catapult Ethereum to the top and frankly, it hasn’t been able to even just leave a dent on the wall that was built by Bitcoin to keep its position. In terms of price, there is considerable gap between the two crypto assets. Tracking from CoinGecko shows that as of this writing, Bitcoin is trading at $19,003 while Ethereum is at $1,338. Both currencies experienced price drop for the last seven days, 5.8% and 14.9%, respectively. Related Reading: Bitcoin Price Bottom To Take Place In Q4 This Year, Crypto Expert Predicts Image: Zipmex Misplaced Confidence And Hopes With Merge Last July during an interview, Ethereum Researcher Vivek Raman expressed confidence that The Merge will enable to altcoin alpha to finally topple the biggest of its hurdles and surpass Bitcoin, becoming the new most prominent cryptocurrency. The Merge refers to an upgrade that was completed this September that will put Ethereum to a proof-of-stake (PoS) system. It was also deemed to change the network’s monetary policy, making it more environmentally friendly while reducing ETH supply. But since the migration, Ethereum hasn’t been able to respond with an appropriate bullish run. Instead, along with Bitcoin and all other altcoins, it continues to deal with plummeting prices. Related Reading: Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level A Moment Of Victory For Ethereum While it still fails to rise in the same level of prominence as that of Bitcoin’s, Ethereum did have a moment of victory against the crypto king after The Merge, courtesy of a rather strange observed trend reversal in crypto market. Bitcoin’s trading dominance came to an abrupt end after ETH trading volume soared to greater heights and ultimately hit an all-time high. Experts, however, believe that this effect of The Merge to Bitcoin is minimal and there will be resultant price movements, it will be transient. This is because the shift to a proof-of-stake mechanism has always been part of the plan for Ethereum since day one. Hiro CEO Alex Miller said Bitcoin has already established itself as “the core asset,” calling the crypto “the digital gold.” For that matter, he believes Ethereum surpassing its rival in terms of market capitalization remains improbable as of this time. ETH total market cap at $165 billion on the daily chart | Source: TradingView.com Featured image Coinpedia, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).
Flashstake is a new protocol that allows you to earn instant upfront yield with your crypto.Normally when you stake your capital, you earn your interest over a long period. With crypto, this typically means with each block. But as you know, money today is worth more than money tomorrow or in 12 months. Flashstake taps…
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submitted by /u/vjeva [link] [comments]
I am thinking to sell this reddit nft and I am confused if i should do so, like basically how much worth is it? And like should I sell it? Btw, if u think I should sell it, how do I? Like just hook me up with some posts that explain how to do that.…
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Ahmet Usta went from studying aircraft to founding thriving Web3 startups focusing on gaming and NFTs.
I've been involved in crypto for over 5 years now and I've seen a lot of wasted potential, scams, easily avoided mistakes, and negligence. However, I do also understand that in the grand scheme of things, cryptocurrency is still fairly new. We recently had the Ethereum Merge which was met with a lot of differing…
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The message reads: Hi there, Attention! Due to the pressure on the blockchain, some wallets have failed to complete the merge to enter the new ecosystem. Therefore, you need to merge your wallet before 25/09/2022! What if I don't complete the merge manually? We require all customers to verify their wallets to continue using…
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The merging of crypto and TradFi is inevitable, with the latter potentially mitigating the volatility permeating the digital asset industry.
According to the SEC, if anyone receives yield on any asset, that asset suddenly becomes a security! So millions of people owning apartments for rental income makes all of them operators of unregistered security schemes. It satisfies the Howey rule – the apartment owner receives rent based on the work of the tenant. The owner…
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