Press Release 05 October, 2022 | 12:32 PM

Predictions for the price of Ethereum (ETH) as USD Coin (USDC) loses market cap and investors

Predictions for the price of Ethereum (ETH) as USD Coin (USDC) loses market cap and investors

Recently, Ethereum (ETH) had The Merge, which became a "sell-the-news" even for traders as Ethereum's price fell by more than 30%.After Binance converted all USD Coin (USDC) into BUSD, the USD Coin (USDC) market cap trend halted and began to decline.

What a difference a few weeks can make: Ethereum was skyrocketing in anticipation of the merger and the USDC market cap was rising.

The Hideaways, which analysts confirmed to have a long-term hold and a bear market gem with the potential for 500x, has shifted traders' attention away from this gloomy momentum.Predictions for the price of Ethereum (ETH) indicate a bumpy road ahead. Following the conclusion of The Merge event, the second-largest cryptocurrency by market capitalization, Ethereum (ETH) lost all of its gains from the previous months.

It refers to the switch from a proof-of-work (PoW) chain to a proof-of-stake (PoS) chain on the Ethereum Mainnet blockchain.
The upgrade was met with "buy-the-rumor" and "sell-the-news" responses from traders. In the midst of the excitement in the market, Ethereum's price has increased by 35.15 percent in the past three months.

However, Ethereum lost 16.00% of its value and traded below the $1,440 support zone following the transformation of the blockchain.

The ETH token fell 8.21% to $1,277.62 on September 21, five days after The Merge was completed.

Ethereum has lost 40.30% since the merger, and even more significantly, 58.89% since last year.

Similar to USDC, one of the issues is that it is now more centralized than when it was on PoW.

The business development team for USD Coin (USDC), the second-largest stablecoin and fourth-largest cryptocurrency by market capitalization, has given up. This week, USD Coin (USDC) lost a significant amount of its market cap.

Why?All USDC was exchanged on Binance Exchange for BUSD.

The volume of the digital asset decreased from its average exchange value of $126,940,000,000.00 to $7,148,571,345.53 in the past 24 hours.
USDC, which recently handed over the keys to their treasury to traditional finance giants BlackRock, appears to be on the side of the government rather than the people, despite the FUD and rumors surrounding USDT (Tether USD).

So, in this bear market, what can holders of USDC and ETH do?Find bear market gems that have the potential to outperform in both the current bear market and the subsequent bull market.The Hideaways are here.

The lack of direction in the crypto market has drawn the attention of major investors to The Hideaways (HDWY), whose popularity has increased.As a real-estate-focused cryptocurrency aiming to revolutionize the conventional property market, it came at the perfect time.

Traders can now invest in real-world properties, receive rental income, and stake while making gains with this brand-new cryptocurrency project.

Additionally, it permits investors to profit from a $226 trillion industry with a $100 minimum investment.Instead of a hyperinflationary token that declines to zero, you receive actual yield in ETH, USDT, or USDC.

Traders can obtain the mentioned yield by purchasing the HDWY token and purchasing fractionalized non-fungible tokens (NFTs).

We anticipate that the price will rise to $5 in the long run because HDWY will only be acquired from the open market, staked, and utilized, as opposed to being distributed for free through hyperinflationary tokenomics.a substantial 500x increase from this point forward, maintaining a market cap that is reasonable.

The project has attracted over 2,000 investors as of September 22, rushing ahead of a 100.00% price increase to $0.02.

Related Articles
Load more articles