Tag
ETHEREUM
With the current bullish trend seen in the market, here is a look at 5 cryptocurrencies investors should watch out for in August 2022.
The leading cryptocurrency by market capitalization briefly crossed the $24,000 barrier for the first time in more than a week.
Ether may be leading the end-of-month rally in the cryptocurrency space as it rallied above $1,700, posting an 11.64% gain in the last 24 hours.
The leading altcoin, Ether, performed even better, rising recently by more than 19% from the day before to trade at almost $1.6K.
In a parallel operation to Ethereum's existing proof-of-work mainnet, The Merge will switch the whole network over to a proof-of-stake version of itself.
Ether fell as much as 5% to $1,440, its lowest level since March 2021, while Bitcoin fell as low as $27.3K, its lowest level since May 12.
With the current bearish trend seen in the market, here is a look at 5 cryptocurrencies investors should watch out for in June 2022:
While Bitcoin's dominance has grown in recent months, several altcoins have outperformed, with Ethereum's price jumping beyond $1.9K.
Investors are also fleeing altcoins that include stablecoins that are deemed high-risk after the collapse of TerraUSD in early May.
The Calyx Token (CLX) token pledges to ‘empower’ its community members with ‘fair representation on agendas that are productive for the entire ecosystem’.
Capital inflows for altcoin investment products increased last week, while Ether-based products posted outflows for the third week in a row.
Three more wallet addresses have been identified by the U.S Treasury Department as being associated with the attack.