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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The second largest digital currency begins its revenge and suddenly rises by 9% in a few hours

    Rocky
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    The second largest digital currency begins its revenge and suddenly rises by 9% in a few hours Empty The second largest digital currency begins its revenge and suddenly rises by 9% in a few hours

    Post by Rocky Thu 28 Dec 2023, 4:50 am

    The second largest digital currency begins its revenge and suddenly rises by 9% in a few hours

    The second largest digital currency begins its revenge and suddenly rises by 9% in a few hours 39800



    Arab and international
       


    Economy News-Follow-up
    After significantly outperforming Solana over the past three months, the price of Ethereum, the second-largest cryptocurrency by market cap, has suddenly risen by 8.9% over the past 24 hours, bringing some bullish sentiment back to Ethereum.
    “Ethereum’s revenge has begun,” Jordi Alexander, chief investment officer at Selini Capital, wrote in a December 27 post on X (formerly Twitter).
    Alexander pointed to the recent rally across several altcoins and Michael Saylor's $615 million purchase of Bitcoin on December 26 as a solid foundation for Ethereum to take a bullish move over the next few weeks.
    One trader with the pseudonym Pentoshi indicated his bullish target for Ether, posting a semi-vague chart for X with an approximate target price of $3,485.
    The conflict between community members from the Solana and Ethereum ecosystems has come to a head over the past few weeks.
    While Ethereum is up 102% year to date, its price performance has been dwarfed by that of Solana, which has posted a whopping 951% gain since the beginning of this year.
    This good price performance, coupled with a tidal wave of relative on-chain activity, has led many to assert that lower network fees and faster settlement times have made Solana a superior blockchain when compared to Ethereum.
    On the other hand, Ethereum proponents claimed that the network architecture was more suitable for larger entities doing business on-chain and pointed to Layer 2 scaling solutions such as Optimism and Arbitrum as examples of cheaper fees on Ethereum.
    During today's transactions, Ethereum is trading at $2,417, an increase of 8.9% over the past 24 hours, before these gains are now reduced, as it now records $2,382. Meanwhile, Solana took a breather from its recent bullish tear, trading at $105.4 – a loss of 5.1% in the last 24 hours.
    This comes in conjunction with Bitcoin’s rise above the level of $43,000, recording gains of about 1.3% in the last 24 hours, while recording losses estimated at about 1.6% in the last seven days.


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    Added 12/28/2023 - 1:09 PM
    https://economy-news.net/content.php?id=38959
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