<h2>The end of the third quarter without significant changes in the crypto market.</h2>CoinShares CEO Meltem Demirors predicts what awaits Bitcoin (BTC) and Ethereum (ETH) in Q3. In his recent interview with CNBC's Squawk Box, he pointed out that it is clear that the overall crypto market is currently in a general holiday lull as many people are not actively trading during the summer period. This also means that Demirors does not expect a large increase in the volume of trading on both major cryptocurrencies until the end of September.<h2>The period of stagnation in the cryptocurrency market</h2>- The flows were relatively flat throughout August. People have to rest and go on vacation sometimes, Demirors points out, adding that there is still a significant drop in volatility from Friday night to Monday morning, mainly because the markets are not so active.This also means that, in his opinion, the nearest prospects for BTC will not change and remain “flat” for the last part of the third quarter. He believes that there are currently no immediate incentives that could lead to a jump in value for <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoin</a>.Moving on to Ethereum and the hype surrounding its planned transition from proof-of-work to proof-of-stake consensus in mid-September, CoinShares CEO points out that excited investors may mistakenly assume that technological change will immediately translate into a significant increase in the value of ETH . Demiroros also reminds that the issue of broader market conditions should not be ignored in this regard.This key update of the Ethereum network will fundamentally change the dynamics of supply and demand for this blockchain. While there is a lot of enthusiasm around The Merge, Demiroros believes that one of the fundamental problems is that people looking at this update perceive it as a growth catalyst for Ethereum, interpreting the event as a single element. CoinShare's CEO also stated that The Merge will definitely improve Ethereum as a working project, but it does not necessarily contribute to the influx of significant amounts of investment capital to send the price of ETH to the moon.

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<h2>Koniec trzeciego kwartału bez znaczących zmian na rynku kryptowalut.</h2>Dyrektor generalny CoinShares, Meltem Demirors, przewiduje, co czeka Bitcoina (BTC) i Ethereum (ETH) w 3. kwartale. W swoim ostatnim wywiadzie dla Squawk Box CNBC wskazał, że jasne jest, że ogólny rynek kryptowalut jest obecnie w ogólnej wakacyjnej ciszy, ponieważ wiele osób nie handluje aktywnie w okresie letnim. Oznacza to również, że Demirors nie spodziewa się dużego wzrostu wolumenu obrotu obiema głównymi kryptowalutami do końca września.<h2>Okres stagnacji na rynku kryptowalut</h2>- Przepływy były stosunkowo płaskie przez cały sierpień. Ludzie muszą czasami odpoczywać i wyjeżdżać na wakacje - zauważa Demirors, dodając, że nadal obserwuje się znaczny spadek zmienności od piątkowej nocy do poniedziałkowego poranka, głównie dlatego, że rynki nie są tak aktywne.Oznacza to również, że jego zdaniem najbliższe perspektywy dla BTC nie zmienią się i pozostaną "płaskie" przez ostatnią część trzeciego kwartału. Uważa on, że obecnie nie ma bezpośrednich bodźców, które mogłyby doprowadzić do skoku wartości <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoina</a>.Przechodząc do Ethereum i szumu wokół planowanego przejścia z konsensusu proof-of-work na proof-of-stake w połowie września, CEO CoinShares zwraca uwagę, że podekscytowani inwestorzy mogą błędnie zakładać, że zmiana technologiczna natychmiast przełoży się na znaczny wzrost wartości ETH. Demiroros przypomina również, że w tym względzie nie należy ignorować kwestii szerszych warunków rynkowych.Ta kluczowa aktualizacja sieci Ethereum zasadniczo zmieni dynamikę podaży i popytu na ten blockchain. Podczas gdy wokół The Merge panuje duży entuzjazm, Demiroros uważa, że jednym z podstawowych problemów jest to, że ludzie patrzący na tę aktualizację postrzegają ją jako katalizator wzrostu dla Ethereum, interpretując to wydarzenie jako pojedynczy element. CEO CoinShare stwierdził również, że The Merge zdecydowanie poprawi Ethereum jako działający projekt, ale niekoniecznie przyczyni się do napływu znacznych ilości kapitału inwestycyjnego, aby wysłać cenę ETH na księżyc.

Połączenie nie wywoła hossy na ETH

<h2>Конец третьего квартала без существенных изменений на криптовалютном рынке.</h2>Генеральный директор CoinShares Мелтем Демирорс прогнозирует, что ждет биткоин (BTC) и Ethereum (ETH) в третьем квартале. В своем недавнем интервью Squawk Box на CNBC он отметил, что очевидно, что общий криптовалютный рынок в настоящее время находится в общем праздничном затишье, поскольку многие люди не ведут активную торговлю в летний период. Это также означает, что Демирорс не ожидает большого увеличения объема торгов по обеим основным криптовалютам до конца сентября.<h2>Период стагнации на криптовалютном рынке</h2>- В течение августа потоки были относительно ровными. Люди должны иногда отдыхать и уходить в отпуск, отмечает Демирорс, добавляя, что с вечера пятницы до утра понедельника волатильность значительно падает, в основном потому, что рынки не так активны.Это также означает, что, по его мнению, ближайшие перспективы BTC не изменятся и останутся "плоскими" в последней части третьего квартала. Он считает, что в настоящее время нет никаких непосредственных стимулов, которые могли бы привести к скачку стоимости <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoin</a>.Переходя к Ethereum и шумихе вокруг запланированного на середину сентября перехода от консенсуса proof-of-work к консенсусу proof-of-stake, генеральный директор CoinShares отмечает, что взволнованные инвесторы могут ошибочно полагать, что технологические изменения немедленно приведут к значительному росту стоимости ETH. Демиророс также напоминает, что в этой связи не следует игнорировать вопрос более широких рыночных условий.Это ключевое обновление сети Ethereum фундаментально изменит динамику спроса и предложения на этот блокчейн. Хотя вокруг The Merge наблюдается большой энтузиазм, Демиророс считает, что одна из фундаментальных проблем заключается в том, что люди, рассматривающие это обновление, воспринимают его как катализатор роста Ethereum, интерпретируя это событие как отдельный элемент. Генеральный директор CoinShare также заявил, что The Merge, безусловно, улучшит Ethereum как рабочий проект, но не обязательно будет способствовать притоку значительных объемов инвестиционного капитала, чтобы отправить цену ETH на Луну.

Слияние не вызовет бычий рынок на ETH

<h2>Das Ende des dritten Quartals ohne nennenswerte Veränderungen auf dem Kryptomarkt.</h2>CoinShares CEO Meltem Demirors sagt voraus, was Bitcoin (BTC) und Ethereum (ETH) im dritten Quartal erwartet. In seinem jüngsten Interview mit der Squawk Box von CNBC wies er darauf hin, dass es klar ist, dass sich der gesamte Kryptomarkt derzeit in einer allgemeinen Urlaubsflaute befindet, da viele Menschen während der Sommerzeit nicht aktiv handeln. Dies bedeutet auch, dass Demirors bis Ende September keinen großen Anstieg des Handelsvolumens der beiden großen Kryptowährungen erwartet.<h2>Die Phase der Stagnation auf dem Kryptowährungsmarkt</h2>- Die Handelsströme waren im August relativ flach. Die Menschen müssen sich ausruhen und manchmal in den Urlaub fahren, betont Demirors und fügt hinzu, dass die Volatilität von Freitagabend bis Montagmorgen immer noch deutlich abnimmt, hauptsächlich weil die Märkte nicht so aktiv sind.Das bedeutet auch, dass sich seiner Meinung nach die nächsten Aussichten für BTC nicht ändern werden und im letzten Teil des dritten Quartals "flach" bleiben. Er glaubt, dass es derzeit keine unmittelbaren Anreize gibt, die zu einem Wertanstieg von <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/how-are-bitcoin-and-ethereum-different/">Bitcoin</a> führen könnten.In Bezug auf Ethereum und den Hype um die für Mitte September geplante Umstellung von Proof-of-Work auf Proof-of-Stake-Konsens weist der CoinShares-CEO darauf hin, dass aufgeregte Investoren fälschlicherweise davon ausgehen könnten, dass der technologische Wandel sofort zu einem deutlichen Wertanstieg von ETH führen wird. Demiroros erinnert auch daran, dass die Frage der breiteren Marktbedingungen in diesem Zusammenhang nicht ignoriert werden sollte.Diese wichtige Aktualisierung des Ethereum-Netzwerks wird die Dynamik von Angebot und Nachfrage für diese Blockchain grundlegend verändern. Während es viel Enthusiasmus rund um The Merge gibt, glaubt Demiroros, dass eines der grundlegenden Probleme darin besteht, dass Menschen, die dieses Update betrachten, es als einen Wachstumskatalysator für Ethereum wahrnehmen und das Ereignis als ein einzelnes Element interpretieren. Der CEO von CoinShare erklärte auch, dass The Merge Ethereum als funktionierendes Projekt definitiv verbessern wird, aber es trägt nicht notwendigerweise zum Zufluss signifikanter Mengen von Investitionskapital bei, um den Preis von ETH auf den Mond zu schicken.

Der Zusammenschluss wird keinen Bullenmarkt auf ETH auslösen

The Merge will not trigger a bull market on ETH

<h2>Considerable interest in non-fungible token technology has led to significant changes in the cryptocurrency sector.</h2>The broadly understood NFT market has been sending us subtle signals for some time that it is periodically trying to recover from the impact of the strong bear market that inevitably reached this sector. It is not difficult to quickly come to the conclusion that the prices of top tokens from key collections are still significantly away from the levels of the glory days, which ended around the first quarter of 2022. Despite this pessimistic fact, a certain change in the balance of power in this innovative sphere can be noticed. It is worth adding that so far, the Ethereum blockchain has been the network where non-fungible tokens were traded most frequently. In the end, however, Ethereum had to hand over the leadership position to its long-time competitor, Bitcoin.<h3>NFT trade is booming, but on a different blockchain</h3>Built, among others, by the popular programmer Vitalik Buterin, the Ethereum blockchain has for a long time been associated primarily with the fact that it is the cyberspace where by far the most non-fungible tokens (NFTs) are minted and where the highest trade rate in terms of turnover volume takes place.Recently, however, a revolutionary change took place, which led to BTC taking first place in terms of volume in the last 7 days.<h4>Latest data from the NFT market</h4>The latest data from the platform analyzing turnover volumes in the NFT sector shows that during the week Ethereum decreased by 3.72%, while tokens minted using the Ordinals protocol in the BTC network contributed to an increase by as much as 22.47 %, which led to this network ranking in first place.Finally, it is worth adding that the weekly volume here reached USD 101.3 million. In the case of the Ethereum protocol, it is USD 95.1 million. In third place, without any surprise, was Solana, which recorded a strong jump of 55% over the last week, and the trading volume of non-fungible tokens amounted to USD 66 million.

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Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

<h2>A financial company draws a positive forecast for one of the largest cryptocurrency projects</h2>The recent BTC price rally has sparked new enthusiasm in the world of digital currencies, and with it, increased interest in other cryptocurrencies. According to the forecasts of a widely recognized asset management company - VanEck - Solana (SOL) has a good chance of achieving noticeably better results than Ethereum (ETH) by 2024.<h3>Can Solana beat Ethereum?</h3>The spectacular increase in value by as much as 212% in just the last 60 days has resulted in Solana's share on the cryptocurrency market significantly increasing. Digital currency analysts also expect Solana's price oracle platform, Pyth, to likely overtake Chainlink in terms of total value secured (TVS) soon. It is worth adding here that despite Chainlink's current market dominance, analysts deeply believe that the innovative system architecture will make Pyth ultimately defeat its most serious rival.It is worth noting that Solana is currently trading at an average price of $73 per coin, and its price has increased by over 11% in just the last 24 hours. Moreover, there was also an additional increase in 24-hour trading volume to levels exceeding even USD 4.1 billion.Financial firm VanEck additionally forecasts that Ethereum will likely not reach a higher market capitalization than Bitcoin (BTC) until 2024. While Ethereum is likely to outperform other major tech stocks, Bitcoin's regulatory transparency and scale of energy efficiency are widely expected to attract interest from state-owned entities in Asia, Latin America, and the Middle East.Despite Ethereum's very decent results, according to the most common forecasts, it will probably lose market share to other smart contract platforms, such as Solana, whose main competitive advantage is that it can boast a much more reliable scalability schedule. Finally, it is impossible not to mention that Argentina is expected to join the countries sponsoring BTC mining at the state level. This would mean that Argentina would follow in the footsteps of countries such as the United Arab Emirates, El Salvador, Bhutan and Oman.

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Solana will beat Ethereum in some respects by 2024, according to VanEck

<h2>Cryptocurrency investors who expect the sector to decline suffer significant losses.</h2>According to data provided by the popular firm S3 Partners, short-term investors who focus on companies related to the oldest cryptocurrency suffered significant financial losses exceeding $6 billion in total by trying to short BTC in 2023. These losses were caused by a sudden but consistent reversal of the bearish trend on the Bitcoin chart , as well as the oldest cryptocurrency regaining key price levels.<h3>Traders have lost a fortune shorting Bitcoin-related companies</h3>Based on a report published by the analytical company S3 Partners, traders who at the beginning of 2023 adopted a bearish stance towards listed cryptocurrency companies such as Coinbase, Marathon Digital and MicroStrategy recorded losses of $6.05 billion.Due to the long-term increasing value of digital currencies, many investors taking short positions on shares of companies related to the crypto industry have made significant losses.In just the first three quarters of 2023, some short-term investors reduced their exposure to cryptocurrencies as the sector apparently rebounded. However, since Bitcoin's last low of $25.1K in September 2023, there has been a sustained and sharp increase in short selling totaling approximately $697 million as traders dramatically increased their exposure to what they perceived as an "overbought market." .In a sudden turnaround in the stock market, BTC experienced a significant increase in value and reached a new yearly high of over $44,300 on December 5 this year. This unexpected upward rally resulted in approximately $2.65 billion in losses for short-term investors.<h4>Strong increases in the value of BTC-related enterprises</h4>Undoubtedly, this year's increases in share prices of companies such as Coinbase and MicroStrategy may have been a challenge for many traders who were betting on shorting these shares. For the Brian Armstrong-led company, this year's 290% stock rally has resulted in losses estimated at about $3.5 billion for short-term traders. It is worth adding that this currently constitutes more than half of the total losses incurred in this way throughout 2023.Additionally, MicroStrategy's over 300% growth this year contributed to roughly $1.4 billion in losses for cryptocurrency traders. Despite the current strong growth in the market for digital currencies and related companies, some investors still decide to take short positions, most likely hoping that the upward rally will lose momentum at some point.

The Merge will not trigger a bull market on ETH

The end of the third quarter without significant changes in the crypto market.

The period of stagnation in the cryptocurrency market

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall