Ethereum: “Over-Promise & Under-Deliver,” Do Bulls Still have a Chance?
- At $214.09, Ethereum is in red with a majority of the cryptocurrencies
- Popular crypto investor Whale Panda tweets, “Ethereum: Over promise and under deliver” as focus shifts to snarks
- Meanwhile, experts are still bullish on Ethereum to hit high by year end
Ethereum in Red, POS “no longer so far away”
The world’s second largest cryptocurrency is currently down by 2.55 percent at $214.09. The $22 billion market cap cryptocurrency is managing the daily trading volume of $1.6 billion. After dropping below $200, Ethereum went upwards to $221 as greens penetrated the market.
The positive momentum in the Ethereum (ETH) price got into effect as its founder Vitalik Buterin recently shared the switch to POS (Proof of Stake) is “no longer so far away.” Recently, at a conference in Prague, he shared the path to Ethereum 2.0 that will be focusing on solving the scalability issues. However, there is no timeline set yet as Buterin said,
“Launch is basically the milestone that we’ve all been…
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