Miners Fleeing Ethereum Turn To This Altcoin: Price Jumps!

Ethereum (ETH) with the long-awaited Merge update on the cryptocurrency miners the next time they can use their graphics cards. altcoin calling.

As it is known, with the ETH update, the network will now switch to the Proof of Stake system based on staking instead of the Proof of Work mechanism based on the activities of the miners.

Therefore, expensive video card equipment of Ethereum miners will no longer be able to participate in mining activities and will be wasted.

Ethereum Miners Looks Like This Time To Shine A Proof Of Work Altcoin Named Ravencoin (RVN)

Ethereum’s younger brother Ethereum Classic (ETC) After it has already risen significantly and its hashrate has more than doubled, miners Ravencoin (RVN) It appears to be targeting another POW altcoin named

At the time of this writing, Ravencoin has gained about 42% in the last 24 hours in line with the general rise in the cryptocurrency market. The surprise altcoin is trading at $ 0.051 at the time of this writing.

When the top 100 cryptocurrencies by market value are analyzed, it is seen that RVN is in the third place among the tokens that have gained the most value in the last 24 hours.

In the first two places are the new Terra (LUNA) token, which gained more than 200% for an unknown reason, and Terra Classic USD, the stablecoin of the old Terra network.

A short time ago, this cryptocurrency has also been on the rise with the announcement that a burning mechanism will be added to Terra Classic on the old Blockchain network.

*Not investment advice.