- The crypto community is currently getting ready for an altcoin rocket launch.
- Ethereum has been up 4.75% in the last 24 hours.
Investors in Ethereum (ETH) have had a challenging year so far, with ETH losing 25 percent of its value year-to-date as of March 17. Though it has bounced over $2,500 many times in recent months, the cryptocurrency seems to have a fair amount of support in this area.
Highly Anticipated ETH 2.0
It was reported on March 15 by Ethereum developer Tim Beiko that the Kiln testnet, formerly known as Ethereum 2.0, has successfully survived the Ethereum “Merge.” This effort is all about merging Beacon’s Consensus and Ethereum’s Execution layers. The ultimate objective is to create a proof-of-stake network on the blockchain.
The crypto community is currently getting ready for an altcoin rocket launch. With a surge in market cap domination, Ethereum emerges from the shadows. There has been a lot of excitement about the possibility of an alternative season because of the anticipated rise in dominance over 18 percent.
Investors and businessmen alike are increasingly paying close attention to the developments around the biggest altcoin. However, the network’s indicators suggest that professional traders are taking a step back from maintaining long positions in ETH futures.
Ethereum’s daily on-chain exchange flow has attracted $620.4 million in new funds. Outflows were $651.5 million for the day, resulting in a Netflow of $31.1 million. Since the fourth quarter of 2021, there has been a downward trend in the volume of daily transactions. As a result, 102,341 brand-new addresses were discovered as of Thursday. According to CoinMarketCap, the Ethereum price today is $2,931.98 USD with a 24-hour trading volume of $15,055,282,835 USD. Ethereum has been up 4.75% in the last 24 hours.
