Although the Ether (ETH) rally has stalled in recent weeks, the upcoming Ethereum meltdown continues to weigh on the prices of some cryptocurrencies.
Especially for the network to which the miners finally migrate when they can no longer run Ethereum. Among the cryptocurrencies that seem to benefit from the news, we find four in particular:
- Ravencoin (RVN)
- Ergo (ERG)
- FLUX
- Ethereum Classic (ETC)
In fact, the cumulative processing power of the ETC has continued to grow, doubling in a matter of months to an all-time high.
Other currencies that are succeeding after the ETHEREUM Merge
Also, the accumulated computing power of Flux has doubled in recent months and is close to where it was at the beginning of the year. The hash rate of Ergo is at its best point of the year and looks set to continue its upward trajectory to peak in 2021 after gaining around 200% between July and today.
The situation with Ravencoin is very different. Currently, it does not appear that more computing power is coming to the network. Apparently, miners chose other networks in the weeks leading up to the merger to change things up. But the market rewards all these cryptocurrencies equally.
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