Bitcoin & Ethereum breaking the shackles.
Is is a clear indication how the crypto market gives a surprise by moving in upward direction. My last week analysis did predicted a rise in Ethereum prices and it happen overnight. From going down as low as $232 to rise to $264 overnight.
It was biggest gain for Ethereum since February this year. Gaining a record $ 30 in last 48 hours does makes investors to see some brighter days ahead. Those who pretended Ethereum to be a dying currency got a shock for life.
However the rise is coming, seeing the revolution on the Defi technology and also the because of the changing method of verifying transaction on Ethereum blockchain. People are expecting the price of Ethereum may shoots up to $1000 per coin. The transformational stage of Ethereum would see a change of verification. From the old method of PoW - Proof of Work to POS- Proof of Stake*. Crypto experts belive ‘Proof of Stake’ is more efficient and less costly method of verification, so the coin could well increase in value and the investors would get high value for their investment.
At the time of writing, this Bitcoin too break the shackles of $9200 and reach to a new high. Seeing the market in Green, people expecting to increase a sharp gain in all crypto coins.
After nearly two weeks of summer sleep, the Bitcoin woke up in Green so does all the altcoin market registered serious price fluctuations. It is quite good to see more price vitality in all other altcoins.
Peace
Namaste @steemflow
