The crypto markets for CRYPTOCAP:BTC after this week's Bitcoin ETF announcement hasn't looked all that great, despite its anticipation over the last several years.
This week many of the proof-of-stake (PoS) projects that offer staking rewards (interest) have vastly outperformed its competition - is the the future to come, or does proof-of-work still have some hope?
As some analysts have predicted, the public's interest in crypto/Web3 projects have shifted from proof-of-work over to proof-of-stake, following Ethereum's "merge" a few weeks ago. ATOM and ALGO in particular did very well this week (though it did level off eventually) as what seems to be a partial migration of crypto money flowing from one area to the next.
The...
Following this week's inflation report and the much-anticipated "The Merge" on Ethereum's ecosystem, the crypto markets took a massive dip - in particular, ETH itself. This is the classic "buy the rumor, sell the news" pattern as the hype towards the merge date neared, then the massive-selloff right after.
But not all coins were in the red - COSMOS (ATOM) did...
