Crypto Price Analysis July-1: Ethereum, Cardano, Solana, Polkadot, and Polygon

This week, we take a closer look at Ethereum, Cardano, Solana, Polkadot, and Polygon. Ethereum (ETH) The June monthly candle close was one of the worst in crypto history with over 40% loss for Ethereum.

Timeline of Cardano, Polkadot-new, Ethereum, Polygon, Solana

Just before the start of the recent Consensus 2022 event in Texas, Charles Hoskinson, Co-Founder and CEO of IO Global (“IOG”) delivered a keynote to the 1800 people attending the Cardano Community event in Austin, during which he talked about the origin of a Cardano-themed hotel in Barcelona. Hoskinson said: “Y'all ever been to Barcelona? There's

Recently Solana price analysis shows that the prices have found strong support at the $31.06 level and have risen to face resistance at the $35.26 level. Solana prices have seen a lot of movement in the past few hours as the market tries to find its footing after a weekend of heavy selling.

The Cardano price analysis shows that the cryptocurrency is in a weaker position today, as the market is showing negative sentiment towards the crypto pair. ADA seems unable to find support as the coin faced rejection at the start of the trading session after the downwards price movement of yesterday.

Ethereum is counting down to its shift away from energy-intensive proof-of-work validation to proof-of-stake. A test network, called Ropsten Ethereum, that's been used for development and test of proof-of-stake is slated to merge into the main Ethereum network on June 8 as part of the crypto's transformation.

Polkadot continues to face downtrend on its chart as broader market strength also remained low. Over the last 24 hours, DOT lost close to 8% of its market value invalidating weekly gains that DOT secured.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. At the start of June, Ethereum [ETH] was trading at $1,980.

Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week.

After experiencing a positive bounce back last week, Ethereum (ETH) is currently trading lower by 9 percent at $1032. At the time of writing, the cryptocurrency's market cap is around $125 billion.

A layer-2 scaling solution is joining top US crypto exchange Coinbase's roster of digital assets alongside an exchange stablecoin. Coinbase says Boba Network (BOBA) and Gemini USD (GUSD) will start trading paired with Tether (USDT) once appropriate liquidity conditions are met. Boba Network utilizes optimistic rollups, a less stringent and data-heavy method of transaction verification The post Coinbase Announces Support for Little-Known Ethereum Scaling Altcoin and Mid-Cap Stablecoin Project appeared first on The Daily Hodl.

Ethereum has completed the Gray Glacier hard fork, which implements EIP-5133. The Difficulty Bomb will be delayed by the upgrade; therefore, the devs anticipate that the Merge will occur later than previously scheduled.