The coming Ethereum upgrade from proof of work(POW) to proof of stake (POS), this action will possibly have an effect in raising the dominance level of bitcoin, in a session with a prominent crypto analyst Benjamin Cowen in a video session how this will influence bitcoin in he’s words he says;
I think one of the biggest things is obviously the Merge for Ethereum. There’s certainly a lot of momentum behind that right now… and that theoretically is coming up in September, where it transitions from proof-of-work to proof-of-stake…
I wouldn’t be that surprised to see [Bitcoin’s] dominance start to turn back around maybe in September if it hasn’t already by then, and the reason is because again you’re going into this major event for Ethereum, and it seems like a reasonable place where people might reallocate some of their portfolios.”
With the continuous delay in this development bad actors are taking advantage in scamming investors with their hard earn money, which you have to be careful and watchful avoiding malicious links sent to your private messages.
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Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura
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