Ethereum blockchain’s potential transition from proof-of-work to proof-of-stake (Merge) has triggered a buying hysteria around the hype. Well, not just for ETH, but also for related cryptos such as Ethereum Classic. In fact, different predictions concerning the altcoin have come true too. ETC, for instance, at press time, had jumped to $40 from its value […]
In fact, different predictions concerning the altcoin have come true too. ETC, for instance, at press time, had jumped to $40 from its value of $24.65 on 25 July. Question is, can it sustain this surge?ETC’s price highlighted a 68% hike in just 5 days. In fact, the altcoin has jumped by 124.2% in two weeks. Simply put, Ethereum Classic did benefit from Ethereum’s long-awaited upgrade, dubbed “The Merge.
However, not just the price, other attributes seemed to paint a positive sketch as well. For starters, consider the hashrate – On 28 July, the hashrate for Ethereum Classic registered an unprecedented surge, as seen in the graph below. As per Bitinfocharts, the hashrate stood at 26.773 TH/s, an increase of 23.90% from the beginning of this month.Looking at the market capitalization, the #19th ranked crypto’s figures stood at $5.39B – Representing a hike of 46.5% since its figures of $3.64 billion on 23 July. The sheer rise in the active addresses could support this narrative too.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ETH up by 11% as Ethereum community remains optimistic about the MergeEthereum [ETH] developers concluded their latest fortnightly call two days ago. All eyes are on the Merge transition scheduled for September. But before that there are still some things to be crossed off the list. The call put forth pressing concerns for the developers and scheduled updates for the ecosystem. Market optimists are counting on […]
Read more »
ETH up by 11% as Ethereum community remains optimistic about the MergeEthereum [ETH] developers concluded their latest fortnightly call two days ago. All eyes are on the Merge transition scheduled for September. But before that there are still some things to be crossed off the list. The call put forth pressing concerns for the developers and scheduled updates for the ecosystem. Market optimists are counting on […]
Read more »
![Ethereum [ETH] NFTs secure balance as July ends; trading volume struggles to boost](https://i.headtopics.com/images/2022/7/30/cryptoamb/ethereum-eth-nfts-secure-balance-as-july-ends-trading-volume-struggles-to-boost-1553403306516652034.webp?w=640)
Ethereum [ETH] NFTs secure balance as July ends; trading volume struggles to boostNFTs across Ethereum [ETH] marketplaces seem to have sustained steadiness as July closes. However, the entire NFT market has not fully recovered despite the uptrend in the crypto market and ETH’s uptick. According to data from Dune Analytics, NFTs’ sales volume across marketplaces was about 1.46 million. Additionally, active monthly traders seem to have improved. […]
Read more »
Up by 398%, here’s what’s next for Lido DAO on the chartsLido Finance has gone unnoticed recently, with Ethereum and its Merge keeping everyone at bay. Lido is making huge strides in the DeFi market with its liquid staking protocols now more attractive than ever. In fact, staking providers such as Lido are expected to blossom further as the Merge edges closer. Lido’s revenues are expected […]
Read more »
Minimal overnight growth at Keremeos Creek fire in South Okanagan - Terrace StandardMinimal overnight growth at Keremeos Creek fire in South Okanagan
Read more »
In B.C., the heat warnings came and these three workers tried to copeA baker, a construction worker and a paramedic recount how they cope under a B.C. heat wave.
Read more »