Ethereum (ETH) grossly undervalued at present prices, top trader lists four reasons why ETH $ETH
thinks the second largest cryptocurrency by market capitalization, Ethereum, is tremendously undervalued. He draws his deduction, citing that given the usage, adoption, dominance and comparison to market caps across the crypto space as well as its technology, ETH might be tremendously undervalued.Given the usuage, adoption, dominance, and comparison to caps across the space ,At the time of writing, ETH was trading down at $1,804, according to data from CoinMarketCap, after shedding 3.
ETH remains below the key $2,000 level it briefly broke through in April following the Shapella upgrade. In the past day, following the release of lower-than-expected CPI data, it rose briefly to highs of $1,888 on May 10 before declining. The Ethereum network continues to see greater demand as market participants make moves to bringing meme mania back to crypto. The mania around meme coin PEPE recently drove a remarkable increase in profitability for validators running the Ethereum network.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ethereum (ETH) Price Analysis for May 10Can ETH keep rising after today's slight bounce back? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Leer más »
Binance Makes Important Announcement on Ethereum (ETH) Staking WithdrawalsEthereum (ETH) staking withdrawals: Binance shares key update ETH $ETH
Leer más »
Price analysis 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTCThe CPI numbers have attracted buying in Bitcoin and select altcoins but the bears may get active near overhead resistance levels.
Leer más »
Ethereum L2 Arbitrum (ARB) Records Sudden Price Uptick, Here's Possible Reason.Arbitrum DAO to benefit from generated network fees, sentiment is sending ARB price high
Leer más »
Jaredfromsubway.eth's MEV bot rakes in $34 million in three monthsAn MEV bot from Jaredfromsubway has been wildly successful in performing sandwich attacks on other blockchain users.
Leer más »
Arbitrum's DAO to receive over 3,350 ETH revenue from transaction feesARB holders are expected to receive ETH tokens worth around $6.2 million from network transaction revenue.
Leer más »