• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, February 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Ethereum Outperformed Bitcoin Since June Bottom, Up by Nearly 100%

August 19, 2022
in Blockchain
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Ethereum (ETH) has scaled heights more than Bitcoin (BTC) since they both hit 2-year lows in June.

Related articles

Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

February 2, 2023

HSBC is looking for a top executive to work with asset tokenization

February 2, 2023

On June 19, BTC nosedived to $17,601, whereas ETH dropped to $880.93 as more bloodbath engulfed the crypto market.

 

At the time, the Federal Reserve (Fed) news about interest rate hikes was still ripe, which bearishly impacted cryptocurrencies.

 

Nevertheless, the two leading cryptocurrencies have weathered the storm based on the upward momentum witnessed.

 

ETH has recorded the highest rise of 97.8% compared to Bitcoin’s 24.7%.

 

Ethereum’s price was hovering around $1,743 during intraday trading, according to CoinMarketCap. Bitcoin was trading at $21,939 during the same time.

 

The much-anticipated merge slated for next month is the major catalyst giving ETH the upper hand. 

 

The transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism called the merge is speculated to be the biggest software upgrade in the Ethereum ecosystem. Nevertheless, it has been elusive since its launch in December 2020.

 

Ethereum’s co-founder, Vitalik Buterin, recently hinted that the merge would happen around September 15. 

 

Jacob Joseph, a research analyst at CryptoCompare, pointed out:

“It is reasonable to believe Ethereum can still rally as we edge closer to the Merge.”

Nevertheless, Joseph noted that the $2,000 level had become a significant resistance level. He said:

“However … $2,000 has proved to be a major resistance for Ether, and the asset needs more wind behind its sail to break that level.”

Once the merge rolls out, the PoS algorithm will enable the confirmation of blocks in a more cost-efficient and environmentally friendly way because validators will stake Ether instead of solving a cryptographic puzzle. 

Image source: Shutterstock

Credit: Source link

ShareTweetSendPinShare
Previous Post

Rarible proposes the creation of a zero-cost bored APE-focused NFT marketplace for APECoin users

Next Post

Ripple brings crypto-enabled enterprise payments to Brazil

Related Posts

Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

February 2, 2023

Join Our Telegram channel to stay up to date on breaking news coverage Dropping below the $23k price level, Bitcoin...

HSBC is looking for a top executive to work with asset tokenization

February 2, 2023

The British multinational bank HSBC, which controls the greatest amount of assets in Europe, has increased its focus on digital...

The Metaverse is About to Get a Lot More Interesting with This New Crypto Project

February 2, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrencies associated with decentralized, blockchain-powered metaverse...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens – Blockchain News, Opinion, TV and Jobs

February 2, 2023

The Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale...

What’s Putting Life Back Into Bored Ape NFTs? –

February 2, 2023

Join Our Telegram channel to stay up to date on breaking news coverage Is the crypto bear market elapsing? With...

Load More
Next Post

Ripple brings crypto-enabled enterprise payments to Brazil

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitcoin Price Prediction as BTC Surges Above $19K, Eyes 200DMA

January 13, 2023

Wix Partners CoinGate To Allow E-commerce Businesses To Accept Crypto Payment

January 11, 2023

Funds Stolen From Harmony Hack On The Move

January 16, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Kraken closes Abu Dhabi office; Bithumb owner arrested
  • Defiance ETFs to Close NFTZ ETF After Just 13 Months
  • Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,571.00-2.53%
  • ethereumEthereum(ETH)$1,646.55-2.49%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.38%
  • binancecoinBNB(BNB)$326.981.64%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • rippleXRP(XRP)$0.412128-1.60%
  • binance-usdBinance USD(BUSD)$1.00-1.02%
  • cardanoCardano(ADA)$0.402068-0.65%
  • dogecoinDogecoin(DOGE)$0.091569-4.61%
  • matic-networkPolygon(MATIC)$1.19-4.57%
  • okbOKB(OKB)$39.56-0.87%
  • solanaSolana(SOL)$24.31-4.91%
  • staked-etherLido Staked Ether(STETH)$1,641.48-2.45%
  • polkadotPolkadot(DOT)$6.57-0.18%
  • shiba-inuShiba Inu(SHIB)$0.0000120.26%
  • litecoinLitecoin(LTC)$99.94-2.05%
  • avalanche-2Avalanche(AVAX)$21.18-2.30%
  • tronTRON(TRX)$0.0641310.42%
  • uniswapUniswap(UNI)$7.182.85%
  • daiDai(DAI)$1.000.16%
  • cosmosCosmos Hub(ATOM)$14.56-3.58%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,525.00-2.37%
  • chainlinkChainlink(LINK)$7.14-2.34%
  • ToncoinToncoin(TON)$2.38-2.20%
  • ethereum-classicEthereum Classic(ETC)$22.67-0.49%
  • moneroMonero(XMR)$173.31-3.68%
  • leo-tokenLEO Token(LEO)$3.360.34%
  • AptosAptos(APT)$16.91-8.72%
  • bitcoin-cashBitcoin Cash(BCH)$137.57-0.17%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092191-1.21%
  • apecoinApeCoin(APE)$5.86-4.73%
  • quant-networkQuant(QNT)$144.77-4.35%
  • filecoinFilecoin(FIL)$5.49-4.52%
  • nearNEAR Protocol(NEAR)$2.43-2.29%
  • crypto-com-chainCronos(CRO)$0.080660-2.14%
  • lido-daoLido DAO(LDO)$2.24-4.73%
  • algorandAlgorand(ALGO)$0.256927-0.16%
  • hedera-hashgraphHedera(HBAR)$0.068026-2.99%
  • vechainVeChain(VET)$0.024258-3.70%
  • fantomFantom(FTM)$0.613.85%
  • internet-computerInternet Computer(ICP)$5.80-5.60%
  • decentralandDecentraland(MANA)$0.78-3.67%
  • axie-infinityAxie Infinity(AXS)$11.21-3.26%
  • aaveAave(AAVE)$88.40-2.51%
  • the-sandboxThe Sandbox(SAND)$0.75-3.89%
  • eosEOS(EOS)$1.07-1.98%
  • flowFlow(FLOW)$1.11-3.44%
  • elrond-erd-2MultiversX(EGLD)$45.040.82%