This week we are celebrating because our beloved Ethereum turns 10, so let’s review this and other relevant news from the crypto sector.
July, the most important month for Ethereum
July is a crucial month in Ethereum’s history. On July 22, the 10th anniversary of the Ethereum ICO was celebrated, and on July 30, it marked 9 years since the public launch of the network. This year also adds a new milestone in July, with the approval of Ethereum ETFs in the United States.
In these 10 years, Ethereum has established itself as the world’s second-largest blockchain. In the past month alone, it has had over 7 million active users, 1 million validators, and more than 1,000 active projects with over 71 billion dollars locked.
With a market cap of over $400 billion, Ethereum is one of the 25 most valuable global assets in the world and has a bright future. With the implementation of sharding and scalability improvements, it positions itself as a vital element for the future of the crypto ecosystem and decentralized finance.
Whales are aggressively accumulating Bitcoin
Data from CryptoQuant, an on-chain analysis platform, shows that Bitcoin whales are in an aggressive accumulation phase.
What does this mean? They are buying VERY large quantities of Bitcoin, demonstrating their strong confidence in BTC’s long-term value.
In total, over the past 30 days, more than 380,000 BTC have been sent to addresses owned by whales, an unprecedented amount that could indicate they are preparing for a possible BTC price increase.
If you also want to take advantage of this moment to accumulate BTC, you can set up your “Recurring Purchases” now.
With Recurring Purchases, you set the amount of BTC you want to buy and how often you want to do it (monthly, weekly, or daily). This way, you can prepare your portfolio during this accumulation phase and benefit from potential price increases.
Coin of the Week: KASPA
KASPA has had a very strong performance throughout July and, in the past week, has risen 15.2%, surpassing $4.6 billion in market capitalization.
KASPA has attracted the community’s attention thanks to its high scalability and transaction processing capabilities, something particularly noteworthy for a Proof of Work cryptocurrency.
KASPA’s growth is tied to increased user interest and positive sentiment about its future, thanks to its unique approach to blockchain and consistent performance, which could allow for even greater growth.
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