Crypto Market Highlights: Ethereum’s Update, Dogecoin’s Payment Potential, and ONDO’s Surge

You can also read this news on BH NEWS: Crypto Market Highlights: Ethereum’s Update, Dogecoin’s Payment Potential, and ONDO’s Surge

The crypto market is abuzz with developments concerning Ethereum (ETH), Dogecoin (DOGE), and ONDO Finance (ONDO). Each asset is drawing attention with unique updates and dynamics. Ethereum maintains its position as the second-largest cryptocurrency, with investors keenly anticipating the upcoming Dencun network upgrade. The Ethereum All Core Developers Execution (ACDE) call has finalized the timeline for the Dencun upgrade, overcoming challenges encountered during tests on the Goerli testnet.

The Dencun upgrade is particularly significant as it prepares to address transaction cost issues for Ethereum’s Layer-2 chains. The eagerly awaited EIP-4844 will be released with this update, promising enhanced scalability and lower transaction costs. With the update soon reaching the mainnet, Ethereum holders are looking forward to the positive impact on the network.

Ethereum is currently priced at $2,407 on Binance, with expectations of reaching the $2,551 level at the 61.8% Fibonacci retracement. Market sentiment remains positive, in line with expectations of increased scalability and cost efficiency following the Dencun upgrade.

Dogecoin, the iconic meme coin, is generating interest among market participants due to the potential of becoming an accepted payment method, as indicated by the emergence of the official payment account @xpayments. This development adds a layer of expectation and utility to Dogecoin, with users speculating about its potential integration into the payment ecosystem.

ONDO Finance has witnessed a remarkable 751% price surge over the past week, attracting attention as large wallet investors prefer to accumulate rather than take profits. On-chain intelligence highlights significant wallet owners’ increasing accumulation of ONDO, signaling strong belief in the asset’s future potential.

The post first appeared on BH NEWS: Crypto Market Highlights: Ethereum’s Update, Dogecoin’s Payment Potential, and ONDO’s Surge