Ethereum Fell 14.5% in September Despite The Merge
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Despite the successful update of The Merge, the price of Ethereum fell by 14.5% last month.
After migrating to the Proof-of-Stake consensus algorithm, the crypto began to fall to a local minimum since the beginning of July, pulling the entire market with it.
As far as Bitcoin is concerned, it fell by 3.1% in a month. However, the BTC dominance index fell below 39%, a level that was not seen since January 2018.
Among assets with a moderate capitalization (from $200 million), the Quant Network (QNT) platform token for blockchain interoperability showed the best dynamics – plus 49.18% per month.
XRP has risen in price by more than 40% against the backdrop of progress in the US Securities and Exchange Commission’s litigation against Ripple.
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