It's a way off the $4,800 all-time-high, but the ether cryptocurrency is showing signs of life after a long downward spiral that began in April. Following news that the long-awaited Ethereum Merge could happen in September, ether passed $1,400 on Sunday. It's the first time ether, the second biggest cryptocurrency, has broken at $1,400 since June 13.
Ether has been hit particularly hard by the recession fears that have gripped the global economy. Since the new year dawned, its lost 62% of its value -- worse than the 52% cut bitcoin has endured. Since ether forms the basis of the nonfungible token market, NFT values have plummeted with it.
At the time of writing, ether's value is up 26% compared to five days ago. The hike is being attributed to news that the Ethereum Merge, which will see the blockchain become nearly carbon neutral, is tentatively scheduled to be executed on September 19. That date was pencilled in during a recent conference call among ethereum developers, though it...
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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...