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📈 Peter Brandt predicts Ethereum to hit $5,600
Trader Peter Brandt predicts Ethereum (ETH) could exceed $5,600 this year 🔼
It has successfully tested the $2,800 support level twice and benefited from recent positive news and the launch of spot ETH ETFs 🙂
$ETH 

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What is a Mining Pool A mining pool is a group of miners who combine their computational power to mine cryptocurrency together. Instead of each miner trying to solve complex mathematical problems on their own to add a new block to the blockchain, pool participants work together, increasing their chances of successfully solving the problem and earning a reward. How does a mining pool work? 🔵 Each participant in the pool contributes their share of computational power. The more power the pool has in total, the higher the chances of finding a new block and earning a reward. 🔵 When the pool successfully mines a new block, the reward is distributed among the participants proportionally to their contribution to the overall computational resource. Typically, more power means more income, but all participants receive a share. 🔵 Participating in a mining pool reduces the risk for miners, as they receive a more stable, albeit smaller, income compared to solo mining, where they might not receive any reward at all. Disadvantages of mining pools: 🔵 Most mining pools charge a fee for their services, which reduces the overall income of the participants. 🔵 The success of large mining pools can lead to the centralization of cryptocurrency mining, which goes against the idea of a decentralized network. 🔵 If a mining pool ceases operations or encounters technical problems, it can temporarily halt payments to participants. $BTC $SOL $BNB

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Two Tokens To Rise Up in September?

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LTC, ETH and MATIC: what whales were buying last week The cryptocurrency market showed strong growth this week, with the capitalization of digital assets increasing by 4% over the past 7 days. Among the coins that experienced a surge of interest from large investors this week were Litecoin (LTC), Ethereum (ETH) and Polygon (MATIC). If historical data is taken into account, the whales' actions could be the catalyst for a massive rise in the price of these tokens. Polygon (MATIC) MATIC has attracted significant attention from whales this week as holders prepare for the upcoming migration to POL, scheduled for September 4. In anticipation of this event, the token has surged 33%, making it the most profitable asset among the top 100 cryptocurrencies over the past 7 days. The double-digit growth attracted the attention of large investors, with the number of whale addresses holding between 1,000,000 and 100,000,000,000 MATIC reaching a one-month high of 316. Litecoin (LTC) According to data from analytics platform IntoTheBlock, the net inflow of large Litecoin holders has increased by 141% over the past 7 days. Addresses with a balance of more than 0.1% of the asset's current supply fall into this category. Net inflows track the difference between purchases and sales of these wallets. The rising figure signals growing optimism among large investors, indicating the potential for a rally. At the time of writing, LTC is trading at $64.08. If the accumulation continues, the price could rise above $70, potentially reaching $73.87. Ethereum (ETH) Despite strong resistance at the $2,700 price level, Ethereum whales continue to increase their inventory. According to Santiment, the number of addresses with balances between 10,000 and 100,000 ETH, reached 1,008, the highest level in a month. The steady accumulation shows that large holders remain optimistic about the future of ETH, even despite the unimpressive dynamics of the last few days. $ETH $LTC $MATIC

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