Ethereum’s trading volume exceeds $2.6 billion, prompting its price to reach $1,632, while its Holesky testnet undergoes a relaunch.
- Ethereum’s trading volume exceeds $2.6 billion, with a slight dip in the past 24 hours.
- Hiccups in Ethereum’s Holesky testnet launch call for a relaunch.
- Wall Street Memes launches $WSM token, attracting substantial investment.
While other cryptocurrencies wrestle with market volatility, Ethereum maintains its composure with a trading volume that recently surpassed $2.6 billion. At $1,632 per token and a market cap of $196 billion, Ethereum continues to show resilience and promise as the second-largest cryptocurrency.
☕ GM! Here are some major news in Crypto today
🟠 Ethereum's Holesky testnet launch fails due to misconfigured genesis files. Set to be Ethereum's largest testnet, it will relaunch in a week.
🟠 Mark Cuban's hot wallet hacked, losing $870K in crypto. Cuban confirmed the… pic.twitter.com/dZLGATXsR9
— VirtualBacon🦇🔊 (@VirtualBacon0x) September 17, 2023
Holesky Testnet: Troubles and Triumphs
The much-anticipated Holesky testnet experienced a hiccup during its initial launch. Ethereum researcher Diederik Loerakker attributed this failure to an error in the entry of specific data in the genesis files of the network. This mistake, although significant, is an easily correctable configuration issue.
While no official relaunch date for Holesky has been set, industry speculation points to late September. This slight delay is not unusual for ambitious projects and does not affect the Ethereum mainnet, which continues to function as expected.
It’s crucial to remember that testnets like Holesky and its predecessor Goerli serve as “sandbox environments” for developers and researchers. They enable experimentation without financial risk, as the tokens used lack real-world monetary value.
Ethereum’s technical charts indicate a potential upward trend, particularly if it can break and maintain a position above the $1,650 mark. Such a move could trigger a bullish trend, pushing the asset towards a high of around $1,750.
$WSM Token Presale
The Wall Street Memes ($WSM) coin has taken the investment community by storm. Originating from the Wall Street Memes online community, the coin has shown remarkable growth. The presale itself collected over $300,000 on the first day and reached a staggering $25 million in total, indicating robust interest and investment in this new asset.
Meme coins have become an interesting investment category, primarily for their ability to create buzz and attract both seasoned and new investors. Wall Street Memes seems to be no different, and its strong presale performance bodes well for its future.
To Sum it All Up….
While Ethereum remains a cornerstone in the crypto landscape, new players like Wall Street Memes offer interesting diversification opportunities for investors. As always, both come with their set of risks and rewards, underscoring the importance of due diligence and strategic planning.
