The price of ether (CCC:ETH-USD) is on the rise and we take a look at the top news for Wednesday behind this movement.
Source: Filippo Ronca Cavalcanti / Shutterstock.com
There are many reasons for ETH and other cryptos to be on the move lately. This includes a rally after prices fell last week on news that China plans to halt trading and mining of digital assets.
While this rebound is good news for cryptocurrencies, a recent rally in ETH is unprepared. Let’s take a look at the top Ethereum news for Wednesday below to get an idea of what’s moving crypto higher.
Mark Cuban invests in Ethereum Layer 2 Polygon
“Billionaire Mark Cuban invested in Polygon, a Layer 2 Ethereum scaling solution. Cuban confirmed the investment in an email to CoinDesk, but did not disclose the size or composition. “- Zack Seward, CoinDesk
The game retailer GameStop is building an NFT platform on top of Ethereum
“The exact scope of the project is unclear, although a link to an Ethereum address is highlighted on the page, indicating that the GameStop team will be using Ethereum as a technology base.” – Michael McSweeney, The Block
Why Polygon Possibly the Best Cryptocurrency to Buy Under $ 2
“It’s time to go shopping. And when it comes to the best cryptocurrencies to buy in Dip, few look as good as they do Polygon (CCC:MATIC-USD). ”- Luke Lango, InvestorPlace
Top cryptocurrency prices today: Ethereum, Cardano, Polkadot increase by up to 15%
“The crypto markets have been seeing signs of recovery since the market slumped late last week and continued to show bearish signals earlier this week. However, there are signs of a recovery, especially in leading assets like BTC, ETH, BNB and XRP. “- Pawan Nahar, The Economic Times
From Wednesday afternoon, ETH rose by 7.6% within 24 hours.
There is more crypto news for investors to watch out for today.
This includes the latest updates too Therefore (CCC:ERG-USD), Polygon and XRP (CCC:XRP-USD). You can find out all about these topics from the links below.
More crypto news
At the time of publication, William White had positions (neither directly nor indirectly) in the securities referred to in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s posting guidelines.
Article printed by InvestorPlace Media, https://investorplace.com/2021/05/top-ethereum-news-for-wednesday-4-things-moving-eth-prices-higher-today/.
© 2021 InvestorPlace Media, LLC