Big Eyes Coin Has All It Takes To Make People Wealthy Like Ethereum and Dogecoin

The acceptance of cryptocurrency goes beyond using it as a store of value. Many investors have garnered millions of dollars by trading cryptocurrencies and saving them for a very long time. The volatility of cryptocurrency, however, makes several people indifferent about what to expect.

Timeline of , Dogecoin, Ethereum

Ethereum price has been trading within a descending trendline, which is a sign of bearishness. Over the last 24 hours, the Ethereum price has been different as the coin registered a 6% appreciation.

The prices of the two crypto market leaders, Bitcoin and Ethereum, fell on Wednesday after the US Federal Reserve raised interest rates by 75 basis points due to inflation. Shortly, the rest of the crypto market followed suit.

Uniswap [UNI] broke into the top cryptocurrencies held by the top 100 Ethereum [ETH] whales lately. According to prominent whale tracker, WhaleStats, UNI, shook off competition from other smart contracts protocol to gain the position.

Following the last red days, ETH has hit the support area between the white descending line and the price range at $1,220-$1,280 (in green). So far, the bulls have successfully maintained the high selling pressure; however, the situation is still fragile.

On Friday (September 23), Arthur Hayes, Co-Founder and former CEO of BitMEX, talked about how he expects the Ethereum ($ETH) price to change in the next few months. In a blog post published yesterday, Hayes said: “As I have said in various interviews, the only thing that I believe matters in the short term (i.e.

Last week, Ethereum (CRYPTO: ETH) formally abandoned the energy-intensive, miner-based approach it had previously used to process changes to its decentralized ledger, by switching from proof-of-work to proof-of-stake. This was a momentous change.

Dogecoin [DOGE], one of the most popular memecoins, was recently back in the limelight as it registered promising gains over the last seven days. DOGE's performance was just behind the current leader XRP, as its value grew by 5% in 24-hours.

Vitalik Buterin – the co-founder of popular cryptocurrency Ethereum, the second largest digital asset by market cap – has stated that as the beacon chain hard fork happened on September 6, all Ethereum-based clients need to ensure their systems are fully updated.

Dogecoin price analysis is bearish today as we have seen a strong rally over the past days end at the $0.068 mark. DOGE/USD will likely soon start to decline as retracement needs to be made before further upside can follow.

Ethereum's [ETH] co-founder, Vitalik Buterin, recently commented about the king of altcoin's next steps. While attending the 2022 Messari mainnet event virtually, Vitalik said that the surge was the next move after its successful translation to Proof-of-Stake (PoS).