Quote from: Stanlo on August 01, 2021, 06:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

The news is simply making some hypes and people are already aware of what will happen next when the demand is high, the price moves high as well. Investors are taking advantage of this and of course, it works. It gives some ways that whales are manipulating the market and by having such a short announcement and tweets, people are then started to rush buying worrying about missing the train.

However, it wasn't to think that ETH could surpass the adoption made by Bitcoin. The majority are into Bitcoin already, ETH or BNB is just their 2nd option.