|Day's Range||33.89 - 39.58|
|52 Week Range||12.60 - 77.07|
|Volume (24hr) All Currencies||1.96B|
“Based on the fundamentals, it's unlikely Ethereum Classic has any long-term viability,” Messari wrote in a report.
Ethereum’s long-awaited transition from a proof-of-work to proof-of-stake-based consensus system is just over the horizon, and the anticipation has created a bullish narrative for the smart-contract platform. On July 27, a longtime Ethereum investor and miner named Chandler Guo tweeted “ETH PoW coming soon”: a declaration, in brief, that Guo would lead his fellow miners to continue supporting the current proof-of-work based Ethereum chain after the system change known as the Merge. There are some rational arguments for a continued ETH PoW chain, and it would certainly be a fascinating experiment if it goes forward.
The latest price moves in crypto markets in context for July 29, 2022.