Cryptoverse: Ether fettered by fate of spot ETF proposals

Cryptoverse: Ether fettered by fate of spot ETF proposals

Ether, the second-largest cryptocurrency, is facing challenges in keeping up with its dominant counterpart, bitcoin. Despite being a significant player in the $2.7 trillion crypto market, ether's performance trails behind bitcoin's surge. In the first quarter of this year, ether's value increased by approximately 53%, whereas bitcoin experienced a 65% rise. Ether, currently trading around $3,612, remains at least 26% below its all-time high of $4,867.60 reached in November 2021. Despite a recent technical upgrade aimed at reducing transaction fees on its ecosystem, ether's momentum didn't match the anticipation surrounding bitcoin's upcoming "halving" next month. Following the blockchain's Dencun upgrade on March 13, ether witnessed a 12% drop, reflecting market sentiment. Joseph Edwards, head of research at London-based Enigma Securities, highlighted ether's struggle with name recognition among non-endemic investors, hindering its potential for…

Continue reading...

About the author

He’s the founder and publisher of Mainwaves Digital Media Group, the parent company of Capitalist Ledger, School Magazine (SCHLMAG) and Mainwaves. linkedin email youtube twitter-x

Post a Comment

<script type="text/javascript" src="https://www.blogger.com/static/v1/widgets/338641159-widgets.js"></script>
<script type='text/javascript'>
window['__wavt'] = 'AOuZoY4LiwB8ZQ27TrtffOFwAUPJ16hGng:1727998261229';_WidgetManager._Init('//www.blogger.com/rearrange?blogID\x3d2856164879286820178','//www.monepoint.net.ng/2024/04/cryptoverse-ether-fettered-by-fate-of.html?amp\x3d1','2856164879286820178');
_WidgetManager._SetDataContext([{'name': 'blog', 'data': {'blogId': '2856164879286820178', 'title': 'Monepoint', 'url': 'https://www.monepoint.net.ng/2024/04/cryptoverse-ether-fettered-by-fate-of.html?amp\x3d1', 'canonicalUrl': 'https://www.monepoint.net.ng/2024/04/cryptoverse-ether-fettered-by-fate-of.html', 'homepageUrl': 'https://www.monepoint.net.ng/?amp\x3d1', 'searchUrl': 'https://www.monepoint.net.ng/search', 'canonicalHomepageUrl': 'https://www.monepoint.net.ng/', 'blogspotFaviconUrl': 'https://www.monepoint.net.ng/favicon.ico', 'bloggerUrl': 'https://www.blogger.com', 'hasCustomDomain': true, 'httpsEnabled': true, 'enabledCommentProfileImages': true, 'gPlusViewType': 'FILTERED_POSTMOD', 'adultContent': false, 'analyticsAccountNumber': 'G-8N11NB1C2W', 'analytics4': true, 'encoding': 'UTF-8', 'locale': 'en', 'localeUnderscoreDelimited': 'en', 'languageDirection': 'ltr', 'isPrivate': false, 'isMobile': false, 'isMobileRequest': false, 'mobileClass': '', 'isPrivateBlog': false, 'isDynamicViewsAvailable': true, 'feedLinks': '\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Monepoint - Atom\x22 href\x3d\x22https://www.monepoint.net.ng/feeds/posts/default\x22 /\x3e\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/rss+xml\x22 title\x3d\x22Monepoint - RSS\x22 href\x3d\x22https://www.monepoint.net.ng/feeds/posts/default?alt\x3drss\x22 /\x3e\n\x3clink rel\x3d\x22service.post\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Monepoint - Atom\x22 href\x3d\x22https://www.blogger.com/feeds/2856164879286820178/posts/default\x22 /\x3e\n\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Monepoint - Atom\x22 href\x3d\x22https://www.monepoint.net.ng/feeds/6568577652293695210/comments/default\x22 /\x3e\n', 'meTag': '', 'adsenseClientId': 'ca-pub-6923486955559892', 'adsenseHostId': 'ca-host-pub-1556223355139109', 'adsenseHasAds': true, 'adsenseAutoAds': true, 'boqCommentIframeForm': true, 'loginRedirectParam': '', 'view': '', 'dynamicViewsCommentsSrc': '//www.blogblog.com/dynamicviews/4224c15c4e7c9321/js/comments.js', 'dynamicViewsScriptSrc': '//www.blogblog.com/dynamicviews/991df7aaa4d2cf44', 'plusOneApiSrc': 'https://apis.google.com/js/platform.js', 'disableGComments': true, 'interstitialAccepted': false, 'sharing': {'platforms': [{'name': 'Get link', 'key': 'link', 'shareMessage': 'Get link', 'target': ''}, {'name': 'Facebook', 'key': 'facebook', 'shareMessage': 'Share to Facebook', 'target': 'facebook'}, {'name': 'BlogThis!', 'key': 'blogThis', 'shareMessage': 'BlogThis!', 'target': 'blog'}, {'name': 'Twitter', 'key': 'twitter', 'shareMessage': 'Share to Twitter', 'target': 'twitter'}, {'name': 'Pinterest', 'key': 'pinterest', 'shareMessage': 'Share to Pinterest', 'target': 'pinterest'}, {'name': 'Email', 'key': 'email', 'shareMessage': 'Email', 'target': 'email'}], 'disableGooglePlus': true, 'googlePlusShareButtonWidth': 0, 'googlePlusBootstrap': '\x3cscript type\x3d\x22text/javascript\x22\x3ewindow.___gcfg \x3d {\x27lang\x27: \x27en\x27};\x3c/script\x3e'}, 'hasCustomJumpLinkMessage': false, 'jumpLinkMessage': 'Read more', 'pageType': 'item', 'postId': '6568577652293695210', 'postImageThumbnailUrl': 'https://blogger.googleusercontent.com/img/a/AVvXsEg_tPA2RKnoCW0DjZ8nX64hzpsHym54gaC98lbtO6SO0fgWlPjiTQ3kIpTPhI2thaUM38AXB35bdtfwy1Jw3g9xTsvrI0r_PUFgwx71LiyyB9iG0lxMINCyNWGhY0NZGFoCJNxhHHRDRihQYa3n_9goof2lqR1fj6BzqQUdYhecb1wUUIsj83nbiMYUz7J6\x3ds72-c', 'postImageUrl': 'https://blogger.googleusercontent.com/img/a/AVvXsEg_tPA2RKnoCW0DjZ8nX64hzpsHym54gaC98lbtO6SO0fgWlPjiTQ3kIpTPhI2thaUM38AXB35bdtfwy1Jw3g9xTsvrI0r_PUFgwx71LiyyB9iG0lxMINCyNWGhY0NZGFoCJNxhHHRDRihQYa3n_9goof2lqR1fj6BzqQUdYhecb1wUUIsj83nbiMYUz7J6\x3ds16000', 'pageName': 'Cryptoverse: Ether fettered by fate of spot ETF proposals', 'pageTitle': 'Monepoint: Cryptoverse: Ether fettered by fate of spot ETF proposals', 'metaDescription': ''}}, {'name': 'features', 'data': {}}, {'name': 'messages', 'data': {'edit': 'Edit', 'linkCopiedToClipboard': 'Link copied to clipboard!', 'ok': 'Ok', 'postLink': 'Post Link'}}, {'name': 'template', 'data': {'name': 'custom', 'localizedName': 'Custom', 'isResponsive': true, 'isAlternateRendering': false, 'isCustom': true}}, {'name': 'view', 'data': {'classic': {'name': 'classic', 'url': '?view\x3dclassic'}, 'flipcard': {'name': 'flipcard', 'url': '?view\x3dflipcard'}, 'magazine': {'name': 'magazine', 'url': '?view\x3dmagazine'}, 'mosaic': {'name': 'mosaic', 'url': '?view\x3dmosaic'}, 'sidebar': {'name': 'sidebar', 'url': '?view\x3dsidebar'}, 'snapshot': {'name': 'snapshot', 'url': '?view\x3dsnapshot'}, 'timeslide': {'name': 'timeslide', 'url': '?view\x3dtimeslide'}, 'isMobile': false, 'title': 'Cryptoverse: Ether fettered by fate of spot ETF proposals', 'description': 'Monepoint.net.ng provides an all-in-one payments, banking and fintechs information for businesses and their customers in Nigeria and Africa at Large.', 'featuredImage': 'https://blogger.googleusercontent.com/img/a/AVvXsEg_tPA2RKnoCW0DjZ8nX64hzpsHym54gaC98lbtO6SO0fgWlPjiTQ3kIpTPhI2thaUM38AXB35bdtfwy1Jw3g9xTsvrI0r_PUFgwx71LiyyB9iG0lxMINCyNWGhY0NZGFoCJNxhHHRDRihQYa3n_9goof2lqR1fj6BzqQUdYhecb1wUUIsj83nbiMYUz7J6\x3ds16000', 'url': 'https://www.monepoint.net.ng/2024/04/cryptoverse-ether-fettered-by-fate-of.html?amp\x3d1', 'type': 'item', 'isSingleItem': true, 'isMultipleItems': false, 'isError': false, 'isPage': false, 'isPost': true, 'isHomepage': false, 'isArchive': false, 'isLabelSearch': false, 'postId': 6568577652293695210}}, {'name': 'widgets', 'data': [{'title': 'Monepoint (Header)', 'type': 'Header', 'sectionId': 'sec_Header_Title', 'id': 'Header01'}, {'title': 'Try \x27Adventure\x27', 'type': 'BlogSearch', 'sectionId': 'sec_Header_Search', 'id': 'BlogSearch01'}, {'title': 'Header Icon', 'type': 'TextList', 'sectionId': 'sec_Header_Icon', 'id': 'TextList01'}, {'title': 'Additional Menu', 'type': 'PageList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'PageList02'}, {'title': 'Pinned Post', 'type': 'FeaturedPost', 'sectionId': 'sec_Top_Widgets', 'id': 'FeaturedPost01', 'postId': '3789781621257263063'}, {'title': 'Blog Posts', 'type': 'Blog', 'sectionId': 'sec_Main_Widgets', 'id': 'Blog01', 'posts': [{'id': '6568577652293695210', 'title': 'Cryptoverse: Ether fettered by fate of spot ETF proposals', 'featuredImage': 'https://blogger.googleusercontent.com/img/a/AVvXsEg_tPA2RKnoCW0DjZ8nX64hzpsHym54gaC98lbtO6SO0fgWlPjiTQ3kIpTPhI2thaUM38AXB35bdtfwy1Jw3g9xTsvrI0r_PUFgwx71LiyyB9iG0lxMINCyNWGhY0NZGFoCJNxhHHRDRihQYa3n_9goof2lqR1fj6BzqQUdYhecb1wUUIsj83nbiMYUz7J6\x3ds16000', 'showInlineAds': false}], 'footerBylines': [{'regionName': 'footer1', 'items': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'icons', 'label': ''}, {'name': 'share', 'label': ''}]}, {'regionName': 'footer2', 'items': [{'name': 'labels', 'label': 'in'}]}, {'regionName': 'footer3', 'items': [{'name': 'location', 'label': 'Location:'}]}], 'allBylineItems': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'icons', 'label': ''}, {'name': 'share', 'label': ''}, {'name': 'labels', 'label': 'in'}, {'name': 'location', 'label': 'Location:'}]}, {'title': 'Categorized Posts', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList5'}, {'title': 'Popular Posts', 'type': 'PopularPosts', 'sectionId': 'sec_Side_Widgets', 'id': 'PopularPosts00', 'posts': [{'title': 'Crypto Better SIM Detail: Everything You Need To Know', 'id': 4693448091238398646}, {'title': 'ATM.Moniepoint.COM Login Page', 'id': 6084575701790476563}, {'title': 'Renmoney Loan, Requirements, Application, Interest and Calculator', 'id': 331435703667982918}, {'title': 'Top 5 Legit Online Loan Apps in Nigeria in 2024', 'id': 2259178400242869141}, {'title': 'Moniepoint Agent/POS Login', 'id': 7675033772020950795}, {'title': 'Disadvantage of OPay POS', 'id': 6795480777999075525}, {'title': 'How to Check Moniepoint ATM Card Expiry Date, CVV and Numbers', 'id': 2365771405836903786}, {'title': 'How to activate Moniepoint ATM card', 'id': 2354999388694482837}, {'title': 'Moniepoint Login Gmail and Password', 'id': 6494067232218913720}, {'title': 'Moniepoint Restricted Card/Account [How To Fix It]', 'id': 8394459354538049934}]}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Side_Widgets', 'id': 'Label00'}, {'title': 'Table of contents', 'type': 'HTML', 'sectionId': 'sec_Side_Widgets', 'id': 'HTML11'}, {'title': 'Take me back', 'type': 'HTML', 'sectionId': 'sec_Error_404', 'id': 'HTML404'}, {'title': 'Organization Name [BlogTitle]', 'type': 'Image', 'sectionId': 'sec_Footer_Widgets_1', 'id': 'Image0000002'}, {'title': 'Social Media Links', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets_1', 'id': 'LinkList1'}, {'title': 'Company', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets_2', 'id': 'LinkList2'}, {'title': 'Product \x26amp; Service', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets_3', 'id': 'LinkList3'}, {'title': 'Support', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets_4', 'id': 'LinkList4'}, {'title': 'Credit', 'type': 'HTML', 'sectionId': 'sec_Footer_Credit', 'id': 'HTML88'}, {'title': 'Mobile Menu', 'type': 'TextList', 'sectionId': 'sec_Mobile_Menu', 'id': 'TextList99'}, {'title': 'Anchor Ad [Mobile]', 'type': 'LinkList', 'sectionId': 'sec_Anchor_Ad', 'id': 'LinkList97'}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Theme_Hidden', 'id': 'Label0000001'}, {'title': 'Contact Form', 'type': 'ContactForm', 'sectionId': 'sec_Theme_Hidden', 'id': 'ContactForm0000001'}, {'title': 'Firebase Configurations', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList0000002'}, {'title': 'Progressive Web App', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList11'}, {'title': 'Cookie Consent [NoTitle]', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList7'}, {'title': 'Oops!', 'type': 'HTML', 'sectionId': 'sec_Addon_Widgets', 'id': 'HTML22'}, {'title': 'AdBlock Detected!', 'type': 'HTML', 'sectionId': 'sec_Addon_Widgets', 'id': 'HTML23'}, {'title': 'Image Uploader', 'type': 'Image', 'sectionId': 'sec_Addon_Widgets', 'id': 'Image5'}]}]);
_WidgetManager._RegisterWidget('_HeaderView', new _WidgetInfo('Header01', 'sec_Header_Title', document.getElementById('Header01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogSearchView', new _WidgetInfo('BlogSearch01', 'sec_Header_Search', document.getElementById('BlogSearch01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList01', 'sec_Header_Icon', document.getElementById('TextList01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PageListView', new _WidgetInfo('PageList02', 'sec_Nav_Widgets_2', document.getElementById('PageList02'), {'title': 'Additional Menu', 'links': [{'isCurrentPage': false, 'href': '/p/sitemap.html', 'title': 'Sitemap'}, {'isCurrentPage': false, 'href': '/p/disclaimer.html', 'title': 'Disclaimer'}, {'isCurrentPage': false, 'href': '/p/privacy.html', 'title': 'Privacy'}], 'mobile': false, 'showPlaceholder': true, 'hasCurrentPage': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_FeaturedPostView', new _WidgetInfo('FeaturedPost01', 'sec_Top_Widgets', document.getElementById('FeaturedPost01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogView', new _WidgetInfo('Blog01', 'sec_Main_Widgets', document.getElementById('Blog01'), {'cmtInteractionsEnabled': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList5', 'sec_Main_Widgets', document.getElementById('LinkList5'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PopularPostsView', new _WidgetInfo('PopularPosts00', 'sec_Side_Widgets', document.getElementById('PopularPosts00'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label00', 'sec_Side_Widgets', document.getElementById('Label00'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML11', 'sec_Side_Widgets', document.getElementById('HTML11'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML404', 'sec_Error_404', document.getElementById('HTML404'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image0000002', 'sec_Footer_Widgets_1', document.getElementById('Image0000002'), {'resize': true}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList1', 'sec_Footer_Widgets_1', document.getElementById('LinkList1'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList2', 'sec_Footer_Widgets_2', document.getElementById('LinkList2'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList3', 'sec_Footer_Widgets_3', document.getElementById('LinkList3'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList4', 'sec_Footer_Widgets_4', document.getElementById('LinkList4'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML88', 'sec_Footer_Credit', document.getElementById('HTML88'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList99', 'sec_Mobile_Menu', document.getElementById('TextList99'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList97', 'sec_Anchor_Ad', document.getElementById('LinkList97'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label0000001', 'sec_Theme_Hidden', document.getElementById('Label0000001'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ContactFormView', new _WidgetInfo('ContactForm0000001', 'sec_Theme_Hidden', document.getElementById('ContactForm0000001'), {'contactFormMessageSendingMsg': 'Sending...', 'contactFormMessageSentMsg': 'Your message has been sent.', 'contactFormMessageNotSentMsg': 'Message could not be sent. Please try again later.', 'contactFormInvalidEmailMsg': 'A valid email address is required.', 'contactFormEmptyMessageMsg': 'Message field cannot be empty.', 'title': 'Contact Form', 'blogId': '2856164879286820178', 'contactFormNameMsg': 'Name', 'contactFormEmailMsg': 'Email', 'contactFormMessageMsg': 'Message', 'contactFormSendMsg': 'Send', 'contactFormToken': 'AOuZoY5RpiyEHEC9HgpSfnHdUFziM_nklQ:1727998261230', 'submitUrl': 'https://www.blogger.com/contact-form.do'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList0000002', 'sec_Addon_Widgets', document.getElementById('LinkList0000002'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList11', 'sec_Addon_Widgets', document.getElementById('LinkList11'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList7', 'sec_Addon_Widgets', document.getElementById('LinkList7'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML22', 'sec_Addon_Widgets', document.getElementById('HTML22'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML23', 'sec_Addon_Widgets', document.getElementById('HTML23'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image5', 'sec_Addon_Widgets', document.getElementById('Image5'), {'resize': false}, 'displayModeFull'));
</script>
</body>