Ethereum is outperforming Bitcoin in the short-term and the strength of ETH in its USD and BTC pair could be a sign that the entire altcoin market is on the verge of a larger rally.
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Ethereum is outperforming Bitcoin in the short-term and the strength of ETH in its USD and BTC pair could be a sign that the entire altcoin market is on the verge of a larger rally.
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The price of ETH has been on a bullish tear recently. After dropping to around $1,780 on July 21 it has since gained 147% to sit at around $4,400.
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The DOGE price rally appeared after Shiba Inu briefly flipped Dogecoin to become the ninth-largest cryptocurrency by market cap.
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Bitcoin and Ether may witness a deeper pullback over the coming days and this move could shake weaker hands out of altcoins and other high risk positions.
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In comparison, Dogecoin’s October gains so far came out to be a little over 8%.
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The Altair upgrade later this month will be the first update to the Beacon Chain, marking the first preparatory move for the upcoming Merge.
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