{"id":492406,"date":"2022-06-07T12:57:34","date_gmt":"2022-06-07T12:57:34","guid":{"rendered":"https:\/\/wncen.com\/?p=492406"},"modified":"2024-06-11T14:20:24","modified_gmt":"2024-06-11T14:20:24","slug":"crypto-sees-80-ethereum-gain","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-sees-80-ethereum-gain\/","title":{"rendered":"Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June"},"content":{"rendered":"

The crypto crash can be unnerving, but the crypto community sustains its bullish position for the Ethereum (ETH) price by June 30, 2002. They are projecting it to soar by 78% at the end of the month.<\/span><\/p>\n

The CoinMarketCap community has predicted ETH will trade at $3,140 at the end of the month. This latest project has accumulated over 15,362 votes and an accuracy record hitting 65%.<\/span><\/p>\n

Hence, when you compare the current value of ETH, which is at $1,758, to the projected value of the crypto community, an increment of $1,382, or equivalent to 78.59%, is apparent.<\/span><\/p>\n

Suggested Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months \u2013 A Start Of A Bull Run?<\/a><\/em><\/strong><\/p>\n

On the flip side, over 8,442 crypto community members had a lower target for ETH, with a trading value hovering at $2,982 by June 30, which projects a spike of $1,224.6 or roughly 69.66% in comparison to its current price.<\/span><\/p>\n

ETH Shifting From PoW to PoS<\/b><\/h2>\n

Ethereum has been gaining momentum in terms of investor interest and trading value. The shift of Ethereum from proof-of-work to a proof-of-stake mechanism may be at play. The transition mapped out for ETH is bound to improve its speed, scalability, performance, and efficiency.<\/span><\/p>\n

With the proof-of-stake mechanism, stakers are responsible for validating each transaction. Staking would be equivocal to a deposit of 32 ETH that will activate the validator software.<\/span><\/p>\n

With the transition to PoS, users get to save from gas fees, which is one weakness of the PoW mechanism with its high gas fees. In addition, it also has a reduced carbon footprint.<\/span><\/p>\n

On the other hand, ETH blockchain dominance is weakening because of other NFTs moving to other blockchains with lower fees. But, it\u2019s important to note that even though Solana is coming on strong for this quarter, ETH remains on top of the food chain as of this writing.<\/span><\/p>\n

<\/p>\n

ETH total market cap at $211 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
Bitcoin Pulling ETH By 5%<\/b><\/h2>\n
While ETH has been in a depressive state in 2022, it\u2019s gaining traction and has surpassed the $1.8k mark, and is shooting next for $2k. However, the surge may be related to ETH\u2019s dependence on Bitcoin as the top cryptocurrency has also had an upward trend of 5%.<\/span><\/p>\n
ETH balances on different crypto platforms have also moved up by 550,459 ETH since May, or roughly $950 million in the total value of inflows into crypto exchanges.<\/span><\/p>\n
ETH\u2019s correction may be the result of these factors at play. But, it\u2019s mission-critical to always focus on the long game.<\/span><\/p>\n
Suggested Reading | Ethereum Loses $1800 Handle \u2013 Will Bear Market Pull ETH Down Deeper?<\/a><\/em><\/strong><\/p>\n
Featured image from TIME, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
The crypto crash can be unnerving, but the crypto community sustains its bullish position for the Ethereum (ETH) price by June 30, 2002. They are projecting it to soar by 78% at the end of the month. The CoinMarketCap community has predicted ETH will trade at $3,140 at the end of the month. This latest project has accumulated over 15,362 votes and an accuracy record hitting 65%. Hence, when you compare the current value of ETH, which is at $1,758, to the projected value of the crypto community, an increment of $1,382, or equivalent to 78.59%, is apparent. Suggested Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months \u2013 A Start Of A Bull Run? On the flip side, over 8,442 crypto community members had a lower target for ETH, with a trading value hovering at $2,982 by June 30, which projects a spike of $1,224.6 or roughly 69.66% in comparison to its current price. ETH Shifting From PoW to PoS Ethereum has been gaining momentum in terms of investor interest and trading value. The shift of Ethereum from proof-of-work to a proof-of-stake mechanism may be at play. The transition mapped out for ETH is bound to improve its speed, scalability, performance, and efficiency. With the proof-of-stake mechanism, stakers are responsible for validating each transaction. Staking would be equivocal to a deposit of 32 ETH that will activate the validator software. With the transition to PoS, users get to save from gas fees, which is one weakness of the PoW mechanism with its high gas fees. In addition, it also has a reduced carbon footprint. On the other hand, ETH blockchain dominance is weakening because of other NFTs moving to other blockchains with lower fees. But, it\u2019s important to note that even though Solana is coming on strong for this quarter, ETH remains on top of the food chain as of this writing. ETH total market cap at $211 billion on the daily chart | Source: TradingView.com Bitcoin Pulling ETH By 5% While ETH has been in a depressive state in 2022, it\u2019s gaining traction and has surpassed the $1.8k mark, and is shooting next for $2k. However, the surge may be related to ETH\u2019s dependence on Bitcoin as the top cryptocurrency has also had an upward trend of 5%. ETH balances on different crypto platforms have also moved up by 550,459 ETH since May, or roughly $950 million in the total value of inflows into crypto exchanges. ETH\u2019s correction may be the result of these factors at play. But, it\u2019s mission-critical to always focus on the long game. Suggested Reading | Ethereum Loses $1800 Handle \u2013 Will Bear Market Pull ETH Down Deeper? Featured image from TIME, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":492407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,8323,1946],"class_list":["post-492406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nCrypto Community Sees Nearly 80% Upside For Ethereum By End Of June<\/title>\n<meta name=\"description\" content=\"The crypto crash can be unnerving, but the crypto community sustains its bullish position for the Ethereum (ETH) price by June 30, 2002. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June","url":"http:\/\/wncen.com\/news\/crypto-sees-80-ethereum-gain\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-sees-80-ethereum-gain\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/crypto-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/crypto-1.jpg?fit=884%2C584"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","eth","ethereum"],"dateCreated":"2022-06-07T12:57:34Z","datePublished":"2022-06-07T12:57:34Z","dateModified":"2024-06-11T14:20:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-sees-80-ethereum-gain\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-sees-80-ethereum-gain\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/crypto-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/crypto-1.jpg?fit=884%2C584\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2022-06-07T12:57:34Z\",\"datePublished\":\"2022-06-07T12:57:34Z\",\"dateModified\":\"2024-06-11T14:20:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/crypto-1.jpg?fit=884%2C584","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/492406"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=492406"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/492406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/492407"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=492406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=492406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=492406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}