Ether, the second-largest crypto by market cap, fared even better, recently climbing more than 19% over the previous day to trade at roughly $1,600. Markets continue to look hopefully at the Ethereum blockchain’s Merge transition from a more energy-intensive proof-of-work to a more environmentally friendly proof-of-stake protocol. Other major altcoins assumed various shades of green, mostly on the deeper side, with ETC and SAND up over 13% and 10%, respectively, at one point.
Source: https://www.coindesk.com/markets/2022/07/19/first-mover-asia-btc-spikes-over-228k-dappradars-complicated-valuation-model-and-the-difficulties-of-assessing-nfts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines