Ethereum Price Analysis: 3 Reasons to Invest in ETH Now
FinanzNachrichten.de reports on the current development of the Ethereum price. Despite an increase of around 36 percent this year, Ethereum lags behind Bitcoin. Analyst Michael van de Poppe recommends a "Sell the rumor, buy the news" strategy in light of the upcoming SEC decision on important ETF applications.
According to FinanzNachrichten.de, the growth of Ethereum's Layer 2 networks such as Arbitrum and Base shows the strength of its ecosystem. These networks offer faster transactions and lower fees, making them attractive to users. The dominance of stablecoins within these networks also underscores the relevance of Ethereum.
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The Morning on the Crypto Market: What’s Happening with Bitcoin, Ethereum, Litecoin & Co.
finanzen.ch provides an overview of the current status of various cryptocurrencies. Bitcoin recorded a slight increase of 0.44 percent to 67,235 USD while Bitcoin Cash rose impressively by 3.12 percent to just under 491 USD.
finanzen.ch also reported that the Ether price fell slightly and is currently around 3,114 USD – a decrease of -0.27 percent compared to the previous day. Other altcoins like Ripple or Cardano also showed minor movements with minimal changes in their prices.
Ethereum, Solana, Bitcoin? These Are the Fastest Blockchains
BTC-ECHO | Bitcoin & Blockchain since 2014 has published an analysis on which blockchain platform is currently leading in terms of transaction speed (TPS). According to an evaluation by CoinGecko, Solana leads with an average of over a thousand TPS, significantly ahead of other platforms like Sui or Binance Smart Chain.
Compared to these newcomers, established blockchains perform relatively poorly; for example, Ethereum ranks only seventeenth with an average of just twenty-two TPS according to BTC-ECHO's report ("Should we therefore rely on new technologies?"). This raises questions about the future scalability of older systems.
Approval for Ethereum ETFs Has "Room to Grow" – Analyst
Cointelegraph Germany reports that despite the pessimistic forecasts of many crypto analysts, some observers remain optimistic about a possible approval of spot Ether index funds (ETF) by the U.S. Securities and Exchange Commission (SEC). David Han, an institutional analyst at Coinbase, believes the chances are between thirty and forty percent. He argues that the political significance of cryptocurrency could play a role, especially in the run-up to the U.S. presidential elections in November.
Han further explained that even if the initial deadline in May is rejected, there is a possibility that a legal challenge could overturn this decision (Could this be a turning point?).
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