Best Crypto to Buy Now? SharpLink’s Ethereum Move Sends a Strong Signal
The post Best Crypto to Buy Now? SharpLink’s Ethereum Move Sends a Strong Signal appeared on BitcoinEthereumNews.com. SharpLink Gaming is slowly turning into the “MicroStrategy” of Ethereum, as seen from its expansion of ETH holdings. Just days after the Ethereum Foundation “dumped” ETH by selling the gaming company 10,000 ETH, SharpLink has now bought upwards of 16,000 ETH over Galaxy OTC. This buy highlights the rapid institutional push for the world’s biggest altcoin, setting the tone for altcoin season. Will people now find Ethereum to be the best crypto to buy now, or are there other options for investors to look into? Off-Exchange Transaction Leads to the ETH Price Crossing the $3K Barrier Again The Ethereum price movement was stuck below $3K for a very long time before, a few days ago, Bitcoin’s surge past its previous ATH pushed the altcoin to new horizons. And once again, following a surge of more than 2%, Ethereum has moved up to reach $3.02K. This soon happened after the already-mentioned SharpLink’s ETH treasury expansion, which is surprising since off-exchange transactions are done for the precise purpose of not having an impact on the market. With this acquisition, the gaming company led by one of Ethereum’s co-founders, Joseph Lubin, has hinted at the future potential of the altcoin. As for why this move took place, there are many reasons. The company could be working on expanding its treasury while also utilizing ETH’s upcoming technological innovations. Web3 technologies facilitated by this altcoin have already been worthwhile for gaming enthusiasts, so perhaps what SharpLink has been cooking under the hood would make gaming cryptos hot again. Ethereum’s Current Price Action Could Lead to New Highs to Emerge A closer look at the price chart shows that despite the short-term bullishness, long-term volatility has been hanging around Ethereum’s neck for a very long time. That being said, experts suggest that it may not be…
The post Best Crypto to Buy Now? SharpLink’s Ethereum Move Sends a Strong Signal appeared on BitcoinEthereumNews.com.
SharpLink Gaming is slowly turning into the “MicroStrategy” of Ethereum, as seen from its expansion of ETH holdings. Just days after the Ethereum Foundation “dumped” ETH by selling the gaming company 10,000 ETH, SharpLink has now bought upwards of 16,000 ETH over Galaxy OTC. This buy highlights the rapid institutional push for the world’s biggest altcoin, setting the tone for altcoin season. Will people now find Ethereum to be the best crypto to buy now, or are there other options for investors to look into? Off-Exchange Transaction Leads to the ETH Price Crossing the $3K Barrier Again The Ethereum price movement was stuck below $3K for a very long time before, a few days ago, Bitcoin’s surge past its previous ATH pushed the altcoin to new horizons. And once again, following a surge of more than 2%, Ethereum has moved up to reach $3.02K. This soon happened after the already-mentioned SharpLink’s ETH treasury expansion, which is surprising since off-exchange transactions are done for the precise purpose of not having an impact on the market. With this acquisition, the gaming company led by one of Ethereum’s co-founders, Joseph Lubin, has hinted at the future potential of the altcoin. As for why this move took place, there are many reasons. The company could be working on expanding its treasury while also utilizing ETH’s upcoming technological innovations. Web3 technologies facilitated by this altcoin have already been worthwhile for gaming enthusiasts, so perhaps what SharpLink has been cooking under the hood would make gaming cryptos hot again. Ethereum’s Current Price Action Could Lead to New Highs to Emerge A closer look at the price chart shows that despite the short-term bullishness, long-term volatility has been hanging around Ethereum’s neck for a very long time. That being said, experts suggest that it may not be…
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