Top 4 Cryptos To Buy Trending Today

Top 4 Cryptos To Buy Trending Today

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While the entire crypto market is down despite the recent update of the Ethereum blockchain, the latter having made its transition to a Proof of Stake system with The Merge, we nevertheless observe that certain assets are showing price signals. positive.

As the state of the traditional economy begins to improve, it is possible to envisage that certain cryptocurrencies will follow this upward movement. We will detail in this article some of these crypto-assets that could represent a great profit opportunity.

Ethereum (ETH)

While enjoying a strong rally over the past few weeks and impressive investor enthusiasm due to the Merge, Ethereum (ETH) is now on the decline. With a price that was yesterday, Thursday, September 15, at $1,648.19 at its highest point, we observe that ETH is now moving at $1,462.40 according to TradingView data, a drop of just over 10% within 24 hours.

It is important to monitor the price movements of Ethereum despite its recent fall because the crypto market is increasingly focused on ecological issues and the notion of energy saving. In addition, institutional players have repeatedly expressed their disapproval of Proof of Work systems.

The most recent of these statements is related to the recent report published by the White House last week in which mining is described as harmful to the environment. This is a comment that particularly targets Bitcoin now that the Ethereum Merge is in effect and the blockchain is now cleared of more than 98% of its energy consumption.

So even if the decline could possibly continue for a few weeks, the month of September being historically bad for the crypto market, in the long term Ethereum seems to be an important choice to consider for all investors.

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ETHPoW (ETHW)

Born from the initiative of Chandler Guo, a Chinese entrepreneur and famous actor in the crypto mining community, the ETHPoW is a hard fork of Ethereum which continues to use the Proof of Work system.

Currently positioned at number two in the crypto trending charts on CoinMarketCap, ETHPoW (ETHW) features a price of $12.99 and a drop of almost 60% since yesterday where its value has risen to a peak of $60.68. We observe on this cryptocurrency a strong volume of wind which seems to increase.

The case of ETHPoW may represent a buying opportunity for reactive investors who are able to master arbitrage techniques. However, keep in mind that this cryptocurrency is probably not a good choice for a long-term investment. Also the co-founder of Ethereum, Vitalik Buterinspoke out against ETHPoW and supported Ethereum Classic (ETC) as a suitable alternative for users wishing to continue their mining-related activity.

Ethereum Classic (ETC)

Ethereum Classic is a cryptocurrency born from a hard fork following the hack of “TheDAO” in the month of June 2016. Until now somewhat forgotten by the crypto market, Ethereum Classic is an asset that has enjoyed a resurgence in popularity since last July due to the desire of Ethereum miners to continue their activity.

Today according to data from TradingView, Ethereum Classic is priced at $34.20 while it was only the latter hovering around the $14 mark in mid-July. The data indicates that the hashrate of the blockchain has reached a peak of 65.49 terahash per second (TH/s), which is equivalent to an all-time high since its inception and confirms that part of the miners have definitely turned to ETC.

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Shiba Inu (SHIB)

Created in August 2020 by an anonymous developer using the handle “Ryoshi” and extremely popular on Twitter, the Shiba Inu (SHIB) is a cryptocurrency that belongs to the category of “memecoinsโ€œthat is to say a crypto whose humorous side is put forward. Following the announcement a few weeks ago of its project of Metaverse under construction, the Shiba Inu Lands, the SHIB is benefiting from ever more massive enthusiasm on the part of investors.

The SHIB is currently presenting an award of $0.00001172 either a decrease of 2.11% over the last 24 hours. On Friday, September 16, as of this writing, the Shiba Inu is classified as fourteenth position of the crypto ecosystem in terms of market capitalization.

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