Over the past 24 hours, the market has seen gains. Ethereum, increased by 8.13% while the market king, Bitcoin, has increased by 3.25%. The performance of the remaining top cryptocurrencies has been comparable to that of the two majors.
With a price range of $1,362.95 to $1,602.61, ETH/USD has experienced significant volatility over the past 24 hours. While the overall market capitalization trades around $181.33 billion, trading volume has decreased by 14.18% to reach $17.13 billion, giving the market a dominance of 18.3%.
Ethereum Suffer Setback Ahead Of Merge
Even after the recent confirmation of the “Ethereum merge” shift to a proof-of-stake (PoS) consensus network in September, Ether (ETH) is down 11.5% in the last seven days.
Tim Beiko, an Ethereum core developer, suggested Sept. 19 as a possible goal date at the Ethereum core developers’ conference call on July 14.
Years have passed since the move away from energy-intensive mining, and a date has not yet been set for the shift to scalability using sharding technology, which allows for parallel processing. However, other analysts predict that the networ ..
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