This week was a positive week for crypto-investors and cryptocurrency miners: despite not seeing much growth, quotes grew. Ethereum is the main driver for growth. It now pulls the rest of the market, just like Bitcoin did. It is important to note that developers reported positively on the switch to the Proof-of-Stake algorithm over the current Proof of Work. A new date was also set for the transition to PoS, and it seems that this is the first time. It was September 15 rather than September 19.
Ethereum responded with growth to this: Every week. It has a plus 12% – almost $2,000 for each ETH. Bitcoin’s price has increased moderately, by 4 per cent. One Bitcoin can be purchased for around $24,300.
Dogecoin’s return to the top 10 major cryptocurrency list was a small but significant event. Although the difference in capitalization from Polkadot was small, it was enough to allow these cryptocurrencies to switch places. The top 10 cryptocurrencies have seen a significant price increase over the past week, including Ethereum, Cardano and Solana, and Dogecoin. Some cryptocurrencies have experienced even greater growth outside of the top 10. Shiba Inu, for example, has seen her cryptocurrency gain more than 30% in just one week. She is currently in the 12th spot on the world’s top, whereas she was in the 16th.