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Fortunately, most miners were already updated, and the correct chain is also the longest canon PSA: Update to v1. We are getting in touch with the two latter ones. DeFi that is where the Crypto puck is going! Ethereum is undergoing a system overhaul, shifting from an energy-intensive PoW proof-of-work model to an energy-efficient PoS proof-of-stake mechanism.

Therefore, demand for Ether is anticipated to rise, in turn lifting its price. Ether has hit multiple peaks in , averaging monthly gains of 50 percent. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

This means, apart from retail investors, big players have been taking notice of ETH for their crypto exposure. Davis emphasized ,. Davis also reflected on a high correlation between Nasdaq and ETH. It, therefore meant , that ETH also has high potential and was high risk as an investment.

Looking at HODLer data, he said ,. That is insanity. He further explained that this was due to investors being unwilling to sell below the previous all-time high. Subscribe to our Newsletter. Shraddha is a full-time journalist at AMBCrypto. She has a keen interest in personal finance and wealth generation. Your email address will not be published.