Ether Tops $3.5K After Record Daily Coin Burn

Ethereum peaked for three and a half months a day after Ethereum set a new record for daily coin burning. Bitcoin will continue to trade sideways as SOL’s best performers take a breather in August.
According to CoinDesk 20 data, Ether, a unique sign of the Ethereum blockchain and the second largest currency in market value, has traded above $ 3,500 for the first time since May 18.
Cryptocurrencies have increased by 4.5% in the last 24 hours. Prepaid confirms that the trading range for the last two weeks is in the range of $ 3,000 to $ 3,400 and offers an opportunity to extend the positive move from July to $ 1,800. “Recent bullish moves show the continued bullishness of the rally promoted by the Ethereum Upgrade Proposal (EIP) 1559, which is a continuous hype of non-fungible tokens (NFTs), primarily in Ethereum. Could be improved by, “said Simon Dedic. , Partner Manager of Moonrock Capital, a London-based blockchain investment and advisory partnership. EIP burns some of the money paid to miners.

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