#ETH to overtake BTC

[nigeriabitcoincommunity]

Ethereum Merge - ETH To Flip BTC After The "Merge"?

Ethereum Merge - ETH To Flip BTC After The "Merge"? -Will the "Merge" launch come September 19? -ETH's price potential after Merge #ethmerge #ethereum #cryptocurrency #bitcoin #ethprice #ASUU

Hey folks, it’s great news: the Ethereum Merge is scheduled to take place in September 2022. This is exciting because it is a much-anticipated event for the Ethereum community. As you are aware, Ethereum will switch from the POW to the POS consensus mechanism at the Merge. Many are predicting that after the Merge, Ethereum will overtake Bitcoin. But is that so? Well, in today’s post, I will…

[bitcoincables]

Bitcoin Miners Revamp Strategies, Etherscan-Solscan Deal, and Decline of Bitcoin ATMs

Bitcoin mining company CleanSpark plans to set up an in-house trading desk in 2024 to manage its Bitcoin holdings. This move aims to reduce trading costs and encourage other miners to do the same. CleanSpark's CEO, Zachary Bradford, shared that the company will use its large Bitcoin balance of 2,575 BTC, worth about $116 million, to make strategies based on regulated crypto offerings. Another company, MicroStrategy, has been accumulating Bitcoin reserves, leading some to say that its stock is essentially a leveraged Bitcoin ETF.

In other news, Etherscan, known for its Ethereum blockchain explorer, has acquired Solscan, a block explorer focused on the Solana ecosystem. Solscan serves over three million monthly users and offers detailed address, token, and transaction data. The acquisition comes as the price of Solana's SOL token has surged, bringing up speculation about its potential to overtake Ethereum's ETH.

Meanwhile, the global count of Bitcoin ATMs has declined by around 11.1% since the start of 2023. Coin ATM Radar reports that as of January 1, 2024, there are 33,628 cryptocurrency ATMs worldwide, down from 37,827 the previous year. This decrease marks a reversal in the trend of annual growth in Bitcoin ATM installations. Finally, you can find out more about the biggest winners and losers in the crypto industry in 2023 in Cointelegraph's crypto entrepreneurs roundup.

Read the original article here.

[bennettforster]

Digifinex Labs: Avalanche Surges, Overtakes MATIC, TRX, and LINK to Secure Top-10 Crypto Position

With a market cap of $9.8 billion, AVAX has now secured a spot in the top-10 cryptocurrencies (excluding Lido Staked ETH), marking its highest rank of the year. In terms of US dollars, AVAX has experienced a remarkable 150% year-to-date surge, with the majority of these gains occurring in the past month. Bitcoin (BTC) has seen slightly higher returns, with its rallies credited for bringing a positive shift to the overall crypto market following an extended bearish period.

The significance of Avalanche’s gains becomes more evident when measuring its performance against bitcoin. Among the top 30 cryptocurrencies, AVAX’s bitcoin ratio is the second-best performer over the past three months, witnessing a 60% increase. Solana takes the lead in this comparison, nearly doubling its ratio during the same period.

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[ailtrahq]

In its recent Q3 review, Grayscale has shed light on the composition of its various funds. Notably, the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPXE) now has Solana (SOL) in the lead.   Solana overtakes Cardano Historically, Cardano (ADA) held the dominant position in the GSCPxE Fund with a weighting of 25.89% at the end of Q2 2023. However, by the end of Q3 2023, Solana (SOL) has made a notable leap to become the top holding with a weighting of 27.28%, slightly surpassing Cardano's unchanged 25.89%. No new tokens were added or removed from the fund. Other assets' weightings in the fund include Polygon (MATIC) at 15.01%, Polkadot (DOT) at 14.25%, Avalanche (AVAX) at 10.24%, and Cosmos (ATOM) at 7.33%.A glimpse into Grayscale's other fund allocations Delving deeper into Grayscale's portfolio, the Grayscale DeFi Fund for Q3 2023 was dominated by Uniswap (UNI) at a considerable 45.46% weighting. Following UNI, Lido (LDO) comprised 19.04% of the fund, Aave (AAVE) made up 11.53%, MakerDAO (MKR) stood at 10.82%, Curve DAO Token (CRV) at 7.03%, and Synthetix (SNX) rounded off the list at 6.12%. Additionally, in the Grayscale Digital Large Cap Fund, the lion's share continues to be held by Bitcoin (BTC) at a whopping 70.05%, trailed by Ethereum (ETH) at 27.02%. The remaining assets in this fund include Cardano (ADA) at 1.19%, Solana (SOL) at 0.99%, and Polygon (MATIC) at 0.75%.

[smarthomeease]

Why is Litecoin price up today?

Litecoin (SLD) emerged as one of the best performing cryptocurrencies on March 23, overtaking its main rivals Bitcoin (BTC) and Ether (ETH). Litecoin attracts Bitcoin and Ethereum investors LTC price rose 5.5% to an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) increased by 2.25% to $1.14 trillion, with BTC and ETH increasing by 1.79% and 1.42%…

[orbitbrain]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily: Analysts Predict

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily: Analysts Predict

Whereas the bear market remains to be in full swing, a number of specialists are at present discussing when the “flippening” will occur. Flippening is described because the situation the place one other cryptocurrency overtakes Bitcoin (BTC) by way of market capitalization. Ethereum is taken into account the most probably choice by many crypto traders – together with Jordi Alexander, CIO of…

[mubashirnews]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…

[sachaikiawaz01]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…

[rsinformationsharingblog]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…

[digitalshiksha01]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…

[moneygigs]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…

[ailtrahq]

Ethereum’s (ETH) price failed to sustain the increase that began on Sept. 12. The $1,650 horizontal resistance area rejected the price. While the ETH/USD trend still seems bearish, the ETH/BTC analysis suggests that a bullish trend reversal is on the horizon. Ethereum Price Fails to Reclaim Resistance The Ethereum price analysis in the daily time frame provides a bearish reading for several reasons. Firstly, the price broke down from an ascending support line that has been in place since November 2022. This is considered a bearish sign, meaning that the previous upward movement has ended. The price action since the breakdown has also been bearish. During the decrease, ETH broke down from the $1,650 horizontal support area, which had been in place since June 2023. Crypto investing, simplified. Get Ethereum (ETH) price predictions here. Between Aug. 18 and Sept. 12, the daily RSI generated bullish divergence (green line). Traders utilize the RSI as a momentum indicator to assess whether a market is overbought or oversold. If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. A bullish divergence occurs when a price decrease is combined with a momentum increase. It is a bullish sign that usually leads to price increases. While this was the case for ETH, the price failed to reclaim the $1,650 area. Rather, the area rejected the price on Sept. 18 (red icon) and ETH has fallen since. ETH/USD Daily Chart. Source: TradingView If the ongoing decrease continues, ETH can fall to the 0.618 Fib retracement support level at $1,480. However, if it reclaims the $1,650 area, a 20% increase to the previous ascending resistance line at $1,900 will be likely. It is worth mentioning that Ethereum’s founder Vitalik Buterin has moved 400 ETH tokens to centralized exchanges. This could be a sign that he is planning to sell. However, not all news are negative. Ethereum’s daily active addresses crossed 1 million, overtaking Bitcoin (BTC) in the process. Furthermore, Grayscale has filed an application for an Ethereum Exchange-Traded Fund (ETF). Check out the 9 best AI crypto trading bots to maximize your profits. Will Ethereum Reverse Trend Against Bitcoin? Similar to the ETH/USD chart, the ETH/BTC three-day time frame shows an ongoing descent since September 2022, when the price was trading at a high of ₿0.085. However, the decrease has also been contained inside a descending wedge, which is considered a bullish pattern. The price is approaching the end of the wedge, at which time a decisive movement outside of it is expected. Since the wedge is considered a bullish pattern, a breakout is more likely. Finally, the 3-day RSI has generated a significant amount of bullish divergence (green line). This is another sign that suggests an eventual breakout is likely. ETH/BTC 3-day chart. Source: TradingView As a result, the Ethereum price analysis still looks bearish in both the ETH/USD and ETH/BTC pairs. However, the latter also indicates that an eventual bullish trend reversal is quite close. Reclaiming the $1,650 area will mean that the ETH/USD trend is now also bullish. Looking to be profitable? Learn how to make money in a bear market. Source

[bobasheesh]

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[jobkhoj]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

[ad_1] While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview…

[bestbodyhealthtips]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…

[thetopbestguide]

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with…