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According to researchers from Arcane Research, over the past 2 years, ethereum network miners have added about $ 30 billion worth of ETH coins to their wallets, thanks to cryptocurrency mining activities. Earlier, analysts feared that with the approach of the merger of networks (Merge), the market will increasingly face pressure from sellers who will begin to fix their profits.
Experts noted: as a rule, multibillion-dollar sales by miners should be a negative factor for the asset rate, but this happens only if the liquidity of the coin is at a relatively low level. Given the trends in Ethereum, the market managed to absorb large volumes of sales without problems and the pressure from sellers was practically not felt.
This state of affairs, according to analysts, should contribute to positive results for the value of cryptocurrency in the market. Now the pressure from miners will disappear, but there will be validators who want to fix profits from Ethereum staking. However, it will be several times less than the income from mining operations.
It is noted that the price of ether began to fall after rising a few days before the merger. The dynamics of the exchange rate showed negative results in the last 24 hours. For example, while the value of bitcoin (BTC) added 0.7% per day, ether (ETH) lost 1.78%. As of 12:30 Moscow time on September 13, 2022, the virtual asset was trading at $ 1720, with a capitalization of $ 209.15 billion.
Earlier, the editors of the Crypto.ru reported: the price of Ravencoin rose by 77% in one week ahead of the merger of the Ethereum networks, and also due to the fact that the FTX exchange added the ability to trade perpetual futures contracts with the asset. The price of the virtual token was $0.066.
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