As the crypto winter descends upon the crypto sphere like a bad dream, Ethereum (ETH) is one of the few remaining cryptos that is just about struggling along.
At one point, ETH had a whopping market capitalisation of nearly $570 billion. Now ETH is worth around $160 billion (a loss of around 72% in total market capitalisation). However, despite the bear market, the demand for the Ethereum blockchain remains strong due to its cost-effective and energy-efficient proof-of-stake consensus mechanism.
As more and more innovative cryptos such as XRP and BIG adopt Ethereum smart contracts, could this ‘blockchain hypeship [be] well worth boarding’ as the Big Eyes whitepaper lays out? And, in turn, could the success of XRP and BIG finally help ETH break above that pesky $1,300 barrier?
Ethereum Price Remains At A Strong $1,300 Mark After Merge
Created in 2015 by programmer Vitalik Buterin, Ethereum is a decentralised blockchain with smart contract functionality. One of the most profitable...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...