Buterin’s one-stop solution to survive in the crypto market is all you need to know

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Vitalik Buterin prioritizes technology over price watching to have a long run in the crypto market Crypto market has lost at least $2.9 billion to crypto scams in 2022 The Ethereum [ETH] co-founder Vitalik Buterin advised weary crypto investors to focus on technology instead of price watching and trading. Buterin shared this advice with a […]

fell from over $39,000 to only a little below $29,000 following the Terra collapse in May, showing a drop of 25%. It witnessed further fall in its price the following months but began rising again to reach around $24,000 in mid-August.Since then, BTC’s price had been oscillating between $19,000 and $22,000 and showing signs of resistance. The FTX collapse made its price fall from $21,354 to $17,316 today, showing a drop of around 20%.

Furthermore, the next most popular cryptocurrency ETH also witnessed the much talked about Merge in mid-September. With the Merge, the Ethereum blockchain transitioned from proof-of-work consensus mechanism to proof-of-stake mechanism. The price of ETH fell from $2,940 to $1,960 following the Terra ecosystem collapse, a drop of over 33%.In the anticipation of the Merge in September, its price quickly rose from $1,607 to $1,981. But post the Merge, all the noise around the altcoin died out, its price fell by 20% to $1,612 within a week.

The price movement of Ethereum has been rather volatile, oscillating around $1,300. Beginning November, its price began moving upwards and rose to $1,645 on 5 November. But once FTX collapsed, it fell down to $1,100. At press time, it exchanged hands at $1,297., crypto assets worth $2.98 billion have been stolen in 2022 itself.Buterin believes that though the FTX collapse is a huge tragedy, the problem was with the people investing in particular assets and not the technology.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

XRP traders, here’s why the crypto market may take a while to act in your favorDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XRP was in a bearish market structure and could drop to a 23.6% Fib level ($0.3839) XRP saw a decline in trading volume and active addresses in the past 24 hours Ripple [XRP] was […]
Source: CryptoAmb - 🏆 22. / 68 Read more »