The Ethereum Merge Is the Main Contributor to July Rebound: JPMorgan

Ether Breaks $1.6K on Merge Hype; Crypto Funds Price In July Rate Hike

After the completion of two testnets ahead of the event – now expected the week of Sept. 19 – that will take the Ethereum blockchain from a proof-of-work system to a proof-of-stake consensus mechanism, ether’s price jumped 70% in July. It is currently trading at about $1,780. As comparison, bitcoin (BTC) rose 27% in July, while SOL, the token of the Solana system, gained 38%.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*