ETH increases 27% in 7 days, can it keep up this momentum?

ETH increases 27% in 7 days, can it keep up this momentum?
фото показано с : invezz.com

2022-7-19 14:04

Ethereum (ETH/USD) is one of the largest cryptocurrencies in terms of market capitalization.

In fact, ever since it was released, Ethereum has grown tremendously in terms of popularity, and so has the size of its ecosystem.

Ethereum is the home for a lot of decentralised applications (dApps, and non-fungible tokens (NFTs) and has laid down the groundwork for decentralized finance (DeFi) due to its smart contract support.

Shadow fork 9 launch and $150 million liquidation as catalysts for growth

Ethereum is staging a comeback rally due to reports of an update on its path towards “The Merge.” 

Specifically, Ethereum’s Shadow Fork 9 went live on July 14. This was the ninth shadow fork, and it assessed the feasibility of the updates and releases brought on by the Sepolia hard fork testnet, which switched to Proof-of-Stake (PoS) on July 6.

According to data from Coinglass, on July 16, 2022, Ethereum saw $150 million in liquidated ETH positions. 

The largest single liquidation order was done by FTX, which carried a face value of $2.81 million. In the last 24 hours, as of July 18, this number is at $141.74 million.

Both of these factors have contributed to the growth of the Ethereum (ETH) cryptocurrency, which saw an increase in value of 27% in the last 7 days.

Should you buy Ethereum (ETH)?

On July 18, 2022, Ethereum (ETH) had a value of $1,479.16.

When we go over the all-time high point of value for the Ethereum (ETH) cryptocurrency, we can see that Ethereum reached a value of $4,878.26 on November 10, 2021.

However, when we go over the performance of the token throughout the previous month, Ethereum (ETH) had its highest point of value on June 1 at $1,960.7. Its lowest point of value, on the other hand, was on June 18 at $897.59.

Here, we can see that the cryptocurrency decreased by $1,063.11, which is a decrease of 54.22

However, from the span of June 18 to July 18, the cryptocurrency increased in value by $581.57 or by 64.79%.

With this in mind, we can expect Ethereum (ETH) to reach a value of $2,000 by the end of July 2022.

The post ETH increases 27% in 7 days, can it keep up this momentum? appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3350.61 (-0.73%)
Объем 24H $50.27b
Изменеия 24h: 9.47 %, 7d: 6.55 %
Cегодня L: $3039.69 - H: $3382.36
Капитализация $403.506b Rank 2
Цена в час новости $ 1530.4 (118.94%)

ethereum eth terms ever released grown size

Источник: invezz.com

ethereum eth → Результатов: 126


Фото:

Ethereum Spot ETFs Attract Record $295 Million Daily Inflows – Is ETH Set For New Highs?

Ethereum (ETH) appears to be finally waking from its slumber, surging nearly 37% in the past week following Bitcoin’s (BTC) all-time-high (ATH) rally. Spot Ethereum ETFs Record Daily Inflows Ethereum, the second-largest cryptocurrency with a market cap of approximately $404 billion, is now gaining ground on BTC, with the platform’s ETH token jumping more than 35% over the past week.

2024-11-13 12:30


Bitwise CIO Calls Ethereum The ‘Microsoft Of Blockchains’, Can ETH Make A Comeback?

Bitwise Chief Investment Officer Matt Hougan dubbed Ethereum (ETH) the ‘Microsoft of blockchains’, adding that none of the smart contract platform’s challenges are existential. Ethereum Has Challenges, But None Of Them Are Existential In a recent memo titled ‘A Contrarian Bet on Ethereum’, Hougan highlighted the tumbling ETH/BTC trading pair, indicating the weakening Ethereum price versus Bitcoin (BTC).

2024-9-19 07:30


Киты отправили Ethereum на $73 млн на биржи

На фоне общего спада криптовалютного рынка крупные инвесторы активно избавляются от Ethereum (ETH). Однако сторонники второй по капитализации криптовалюты сохраняют оптимизм. В то время как криптокиты распродают Ethereum, спотовые биржевые фонды (ETF) на ETH фиксируют оттоки.

2024-8-27 13:09


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%

In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined.