7 Cryptos to Watch Amid the ‘Tightening'
With the Merge event passing by without much of a positive impact, cryptos are now prone to the purview of the Fed's monetary policy stance.
Keep up with what's happening in the crypto world in real-time.
With the Merge event passing by without much of a positive impact, cryptos are now prone to the purview of the Fed's monetary policy stance.
We take a look at which of these cryptocurrencies will be the one to explode in 2023. Will Ethereum Classic, EthereumPoW or The Hideaways be the best crypto investment of 2023. In this article we look at the Ethereum Classic Price, the EthereumPoW price and The Hideaways price predictions.
Crypto miners who initially flocked graphics processing unit (GPU)-compatible proof-of-work tokens after Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. The post Miners flee PoW tokens as token prices tank, GPU value flounders appeared first on CryptoSlate.
Uniglo (GLO), a decentralized finance protocol, is about to get a big boost from the Ethereum (ETH) merge.
The day of The Merge, Ethereum Classic's hashrate soared to new highs tapping 306 terahash per second (TH/s) ten days ago on September 15. Since then, however, Ethereum Classic's computational power has dropped 46.16% lower from the high to today's 164.75 TH/s. Furthermore, ethereum classic's market valuation has dropped by two positions and lost 26.
Ravencoin (RVN) and Ethereum Classic (ETC) were operated as a safe haven for miners seeking shelter from “The Merge” fallout. The event that completed Ethereum's transition to Proof-of-Stake (PoS), “The Merge” locked out miners from the ecosystem.
Be[in]Crypto takes a look at the five cryptocurrencies that decreased the most last week, more specifically, from Sept. 16 to Sept.
While the Ethereum network is cherishing its successful merge where the network completed its transition from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum Classic (ETC) is facing pressure. Amidst the ongoing bearish pull, the Ethereum Classic price might be pulled down even further.
Ethereum Classic [ETC] has been bearing the brunt of the much-awaited ETH Merge. Echoing the sentiment of bears, it is expected that the price of ETC will take a down swing considering its current performance.
Ethereum Classic (ETC) and EthereumPoW (ETHW) are showing signs of a potential breakout, while EthereumFair (ETHF) is trading at an all-time low. The post Ethereum Proof-of-Work, EthereumFair, and Ethereum Classic Underperform Since the Merge appeared first on BeInCrypto.
The cryptocurrencies are declining after the rejection from the previous highs.
Ethereum Classic might be dismissed as Ethereum's little brother, but ETC holders could have the last laugh if crypto miners switch sides.
The cryptocurrency market is down again today after a modest rebound yesterday. Its total cap stands at $959 billion, down by 1.6% in the past 24 hours and by 6.5% in the last seven days. Its subdued state is largely the result of ongoing negative investor sentiment with regards to rising interest rates, with the Federal Reserve likely to hike its base rate yet again today.
Both ETC and Ravencoin saw their prices fall double digits.
Although the Merge event came and went, cryptos presented a disappointing profile. Here are the key cryptos to watch moving forward.
Ravencoin (RVN) and Ethereum Classic (ETC) lead the market with gains, making them among the top gainers on Wednesday's session. Ravencoin (RVN) jumped 20%, while Ethereum Classic (ETC) made a 5% advance at the same time Bitcoin (BTC) nursed a 3% loss. Anticipation for The Merge is turning out positive for both RVN and ETC.
The transition of the Ethereum network into a proof-of-stake consensus mechanism on 15 September caused some Ethereum-linked assets to record growth. Following the merge, Ethereum Classic saw a boom in mining activity on its network as former miners on the Ethereum mainnet sought new homes.
Was the Ethereum The Merge officially a "buy the rumor, sell the news" event?
Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the last two months, Ethereum Classic [ETC] saw a choppy movement as it compressed in the $30-$43 range.
Today, the market retraced lower by an average of more than 7% as Bitcoin slipped below its support of $18,500. Which crypto is the riskiest?
While The Merge looks like good news for Ethereum investors, it's propelling the price of these cryptos upward even more.
As per the stats of Thursday, Ethereum Classic's hashrate, a measure to calculate the total power being used for mining, has skyrocketed by 280% in a day following the Ethereum merge. ETC's terahash per second (Th/s) boomed from 64 Th/s to 183 Th/s as per the industry estimates.
The Merge is causing volatility in the cryptocurrency and rekindling a regulatory debate.