Goerli testnet is merged into the network. Successful proof-of-stake (PoS) is the final step before Ethereum’s mainnet. The main network transition scheduled for September 19 is still on schedule.
Goerli is the third and last Testnet network after Ropsten and Sepolia to test Ethereum before officially switching to the PoS network.
PoS Merge is considered one of the most important updates to the Ethereum blockchain since its inception. And the sentiment behind the event began to reflect the price of the original token, Ether (ETH), which has more than doubled in price since hitting a low of $885 in June 2022.
ETH prices surged above $1,919 with the rest of the crypto markets after the government released lower-than-expected CPI data.
ETH outperforms Bitcoin ( BTC ) in terms of increasing daily profit Data from crypto analytics firm Santiment reveals that the price momentum was aided by whale transactions of $100,000 or more. This increase in whale transactions comes amid an ever-growing collection of whales.
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