.CryptoHayes has predicted that the price of Ethereum could reclaim the $5,000 level
Hayes believes that the price of the cryptocurrency could skyrocket to as high as $5,000 after the merge if the transition to proof-of-stake ends up being a success and the U.S. Federal Reverse reverses its hawkish stance.
Notably, Hayes believes that the much-anticipated event, which is expected to take place this September, is not actually priced in by the market. He is confident that it will not be a “buy the rumor, sell the news” event.After the merge, Ethereum will become deflationary, which will make the cryptocurrency more scarce. The rate of deflation will keep increasing due to the growing popularity of decentralized finance applications.
However, Hayes then became a believer in 2020. The controversial entrepreneur believes that decentralized finance poses “a credible alternative” to the existing financial system.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana attack targets thousands of crypto wallets, costing users more than $5 millionNearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including solana’s sol token and USD Coin, according to blockchain analytics firm Elliptic.
Read more »
Mayor Adams announces $5.5M investment for Universal Hip Hop Museum in BronxThe Universal Hip Hop Museum is dedicated to celebrating and preserving local and global contributions to hip hop music and culture.
Read more »
Skybridge Estimates Bitcoin's Fair Market Value at $40K and Ethereum's at $2,800 – Markets and Prices Bitcoin News'The fair market value for bitcoin right now is about $40,000,' said Skybridge Capital's founder, adding that ether's fair market value is about $2,800. crypto cryptocurrency $BTC $ETH
Read more »
SuperRare NFT Market: A Beginner’s GuideTo distinguish itself from other NFT marketplaces, SuperRare emphasizes the exclusivity of its digital artworks and only allows NFTs that are one-of-one editions to ensure their pieces are, well, “super rare.”
Read more »
Reward Increased in 2014 Montgomery Cold Case Murder as Investigators Release New Information - Alabama NewsCentral Alabama CrimeStoppers is now offering a $5,000 reward to help find the person who killed a man inside of his Montgomery barber shop. alnews alcrime montgomeryal coldcase alabamanewsnetwork
Read more »