Ethereum news august 2022 cnn.money

Finder or the author may own cryptocurrency discussed on this page. Former should disappear by December, latter by next spring — those 2 events will unlock the next legs of the rally. Short-term market uncertainty is one of the main ETH pain points for many panelists. Crypto investors may remain cautious for a few more months or a couple of quarters, but we can expect an active bull market to return as soon as next year.

Usage of DeFi and the demand for blockspace is likely to remain low onwards amid global de-risking and sticky effects post crypto's credit crisis. This is even more the case considering the ongoing conversations around the potential that ETH could be viewed by regulators as a security rather than as a commodity after the transition to proof of stake and this may have a downward impact on the price in the near term.

Waters will be choppy for months to come. When asked this week, 3 were bullish up 2 from last week , 2 were neutral same as last week and 0 were bearish down 2 from last week about the price of ETH for the week of 7 November Panelists John Hawkins. John regularly publishes articles on the latest news in the cryptocurrency industry. Ben Knight. Ben Knight is a cryptocurrency enthusiast who loves to write, edit and make music.

He has written for Finder's crypto team since June and is particularly interested in the potential use-cases for crypto other than finance. Pedro Sars. Zak Killermann. Zak has specialized in cryptocurrencies and blockchain technology for four years — covering everything from ICO booms, crypto winters, memecoins and more. Frank Corva. Frank Corva is the senior analyst for crypto and blockchain at Finder. Before joining Finder, Frank wrote a newsletter focused on how digital assets are reshaping socioeconomic dynamics in our world.

Five are asked on rotation if they are bullish, neutral or bearish about BTC's price in two weeks' time. The dates on the chart show the start of the week about which they are asked their opinion. This is a bullish price prediction, and several factors could affect it. Many crypto insiders believe investors might want to look at macroeconomic factors like inflation and government regulations of cryptocurrencies to help determine their investment strategies for the rest of this year.

Instead, as these latest moves reiterate, many cryptocurrencies, and ETH, in particular, have begun moving in tandem with high-risk stocks like those listed on the tech-heavy Nasdaq. In inflationary environments, many investors will retreat to commodities like oil and gold and tend not to be as interested in riskier investment vehicles like tech stocks and cryptocurrencies. Many eyes are also on the U. Ethereum Volatility Ethereum, like all cryptocurrencies, has proven to be an extremely volatile investment, and rapid price fluctuations can be set off by the smallest bits of news.

McMillan advises investors to consider cryptocurrencies like Ethereum, similar to Nasdaq stocks in the late s. Of course, with any high-risk investment like cryptocurrency, investors should remain aware of risks and not invest more than they can afford to lose. Ethereum and other cryptocurrencies are volatile, high-risk investments that can quickly shift directions. Investors must always do their due diligence and be prepared for the volatile nature of these investments.

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