Yet, bitcoin’s performance pales next to ether, the token of the Ethereum blockchain, which has skyrocketed about 50% over the past seven days as updates trickle in about the Merge. The Merge will shift the protocol from its current, energy-sapping proof-of-work model to a more environmentally friendly proof-of-stake one. The second-largest crypto by market cap after bitcoin was cruising comfortably above $1,500, a more than 1.5% increase over the previous day. Other major altcoins spent their Tuesday well in the green with YGG spiking over 26% at one point and ETC, the token of Ethereum Classic, climbing more than 15%.
Related posts
-
Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies
According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven... -
Bitcoin Whales Move Out Of Character With This Bull Market, What’s Happening?
Este artículo también está disponible en español. Ki Young Ju, the founder of the on-chain analytics... -
Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand
Este artículo también está disponible en español. SUI is currently testing a crucial supply zone following...