VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Mike Novogratz: Ethereum will Attract even more funds Thanks to The Merge

admin by admin
August 12, 2022
in IT news
0
Mike Novogratz: Ethereum will Attract even more funds Thanks to The Merge
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

Billionaire Mike Novogratz has shared his opinion on the future of Ethereum as the time to switch from proof-of-work to proof-of-stake is slowly approaching.

In a conversation with CNBC’s Squawk Box, Mike Novogratz said that he sees Ethereum as his biggest crypto trade due to the existing hard fork The Merge.

“It’s moved a lot, but The Merge is a big deal, it takes the supply of mining that used to be constantly sold, and actually locks it into what we call hodlers and long–term contracts, so you’ll see the supply – the demand imbalance in Ethereum is really shifting.”

He added:

“Prices are always set on the margin, so I think that the enthusiasm that this merger is finally taking place will continue to draw money into Ethereum.”

On August 10, Ethereum took the top trending crypto place, while the trading volume of ETH futures recently reached a 3-month high before The Merge.

Especially after the announcement of the fork, the value of ETH has risen, with the price having withstood the collapse of the market. Analysts and experts expect several developments in the network. A recent report stated that The Merge would act as a catalyst to turn Ethereum into a global institutional asset.

While the US CPI report was 8,5% lower than expected, the US dollar index fell, while stocks and cryptocurrencies rose.

In response, Ethereum jumped to $1,830, which is an increase of 6,81% in one day and over 10% in the last week.

 

Previous Post

Dogecoin Price forecast: has DOGE already hit the bottom?

Next Post

Oculus SDK 0.4.3.1

admin

admin

Related Posts

Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
helpchildreninukraine
IT news

Need for reform in juvenile justice legislation in Ukraine

January 25, 2023
Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation
IT news

Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation

January 25, 2023
Next Post

Oculus SDK 0.4.3.1

Premium Content

Shares of the cruise company Royal Caribbean rose 10% on the background of optimistic forecasts

Shares of the cruise company Royal Caribbean rose 10% on the background of optimistic forecasts

August 13, 2020
4-day work week: the company is administered, employees are disappointed

4-day work week: the company is administered, employees are disappointed

November 2, 2020
The record for the fastest access to the Internet at 44.2 TB/s is installed using optical chip

The record for the fastest access to the Internet at 44.2 TB/s is installed using optical chip

June 30, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • The advantages of dedicated servers: cost, performance, security
  • Different types of proxies and their benefits for online security
  • Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?