|Day's range||57.95 - 60.02|
|52-week range||18.17 - 103.68|
|Volume (24 hrs)||1.70B|
|Volume (24 hrs) all currencies||1.70B|
“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.