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The debate on whether Ethereum is security broke out on crypto Twitter yet again, weeks ahead of the MergeEthereums transition from proof of work (PoW) to proof of stake (PoS). Nick Payton, a Bitcoiner on Twitter, argued that Ethereum users voted to change the properties of the asset, and the transition to proof of stake is evidence that the altcoin is security.

Vitalik Buterin, the founder of Ethereum, slammed critics and argued that proof-of-work proponents argument that voting on protocol parameters makes ETH security is false. Nodes reject invalid blocks in both PoW and PoS. The debate on whether Ethereum is a security is therefore raging on crypto Twitter alongside ETHs recovery from the slump it witnessed after US CPI data was released.

Based on data from CryptoCompares Asset Report released recently, Total Value Locked (TVL) in the Ethereum Network declined over 35% in June 2022, indicating a loss of interest in the altcoin.

Shiba Inu price began its recovery as the launch of stablecoin SHI and reward token TREAT approaches. The meme coin has wiped out its losses from the past two weeks. Shytoshi Kusamas announcement about development updates in the Shiba Inu ecosystem will soon be followed by another one with launch dates.

Shiba Inus ecosystem is expanding, in a manner similar to Ethereum. Ethereums layer-2 scaling solutions reduce the transaction cost and increase the efficiency of transactions, likewise, the launch of Shibarium, Shiba Inus layer two.

Ethereum price is faced with the possibility of further decline. A triple top was formed at $1,243, and without a daily close above that level, the bearish thesis is validated. If Ethereums price fails to cross $1,243, it is likely a bull trap.

Shiba Inus price is ready for a trend reversal and a drop to $0.00000953. The recent recovery in the meme coin coincides with the spike in social dominance and positive sentiment among SHIB holders. However, the rally is short-term. Once Shiba Inus price begins its downtrend, the bearish targets are $0.00000953 and $0.00000827.

Excerpt from:
Ethereum Vs Shiba Inu: Which Cryptocurrency Is the Best Buy - CoinQuora - Live Crypto News