Cryptocurrency prices are stable. Is the "crypto winter" passing?

Bitcoin It has remained steady at $ 30 for several weeks now, which gives hope that the worst time for crypto is over. BTC started the week below $ 000 and climbed to nearly $ 29 on Tuesday before dropping below $ 000. It has grown again since then and is now at $ 32.

Ethereum it has been subject to constant volatility, possibly due to investor uncertainty around The Merge, which is now timely. The ETH token started under $ 1800 last week and surged above $ 1950 on Tuesday. However, its value had fallen below $ 1750 in the preceding week, which has returned to around $ 1850.

It is likely that ETH will remain influenced by external factors until The Merge's results are clear. The technical update of the blockchain has serious ramifications for its uses and token value. In theory, this will have a deflationary impact on cryptocurrencies, which could prove to be a valuable aspect in the current high inflation environment.

Ethereum has a strong foundation ahead of The Merge

Despite the constant volatility in prices, the foundations around the Ethereum blockchain look really strong and are especially noteworthy ahead of the upcoming merger.

Fresh data from in Glassno show a record number of addresses with ETH. While the nominal price has fluctuated considerably over the past few months, one thing is clear - there are more participants in the network than ever before, and blockchain performs the function for which it was designed. The amount of ETH in Ethereum 2.0 deposit contracts is also at record levels.

This suggests that many investors and market participants are playing the long-term game of participating in the network and holding an interesting position, despite recent short-term volatility. This is potentially a good strategy, especially if you have confidence in ETH use cases, which is essential for a good investment.

The connection will be a great test for the network and will likely give direction to it for the foreseeable future. Investors will be watching the progress closely, and if we continue to see positive signals such as more record addresses, it means the blockchain and hence the price potential will only get stronger.

Institutional investors quietly build Cardano stock

Cardano has experienced dramatic ups and downs in the past two years. However, despite losing much of its value from its highest level last August, it is in line with the most recent CoinShares digital asset researchInstitutional investors seem to be quietly building significant positions in the token.

There are two processes involved here. The first comes solely from the diversification aspect. Institutional investors with a mandate to invest in cryptocurrencies will have to look at the entire market, consisting of hundreds of tokens. Cardano (ADA) is the main ingredient in this market right now - not the biggest player, but it is certainly an important one.

The second, more fundamental process that takes place here comes from the "active" manager's point of view of selecting potential winners. While we can see that the crypto space continues to be a very diverse market with many different major blockchains, there will also be winners and losers.

Cardano, while not yet on a network scale like Ethereum, is a serious contender. From this point of view, it is obvious to fund managers looking at potential winning investments.

Compared to other sectors, crypto is still in its early stages. Who, in retrospect, would not take the chance to invest in Meta (formerly Facebook) at the beginning of its operation? It is very important to have a solid investment case when looking at any assets - and cryptocurrencies as well. Institutional investors seem to be gaining momentum right now.

The main Brazilian soccer club adopts Shiba Inu

Brazil's main soccer club Sao Paolo FC is accepting now Shiba Inu as payment for tickets. It's easy to forget that cryptocurrencies are a real global phenomenon, and such news is a good reminder. Brazil is becoming something of a cryptocurrency powerhouse, and that is a good example of why it's worth it.

As with SpaceX, the club will accept Shiba Inu for certain goods payments, this will not change the token's price demand.

But it is clear that the dominoes are going in the right direction. It is also an important reminder that it is not only the United States, the United Kingdom, and Europe that are committed to big cryptocurrency ideas. Latin America is a serious player in this sector and should not be taken lightly in any way.