MEXCEthereum (ETH) Price Yet To Price-In Massive Collaboration News?
Ethereum (ETH) Price News: As the crypto market reels in the extreme bear market environment in the wake of FTX collapse, popular cryptocurrencies continue to come up with new partnerships. The Ethereum (ETH) Price is yet to fully recover from the adverse effects of the FTX related crypto crash that erupted in November 2022. Meanwhile, a huge collaboration with mainstream finance giants came in favor of Ethereum blockchain. However, the partnership news failed to maximize price returns for ETH holders.
Also Read: Here’s How Much Your $100 Investment in Filecoin Will Be Worth If FIL Reaches $10
Ethereum Price To Rally Some Time In 2023?
The crypto community has been waiting for the right momentum to push the Ethereum (ETH) price to 2021 levels. In this context, payments giant Visa said it was working with Ethereum to enable automatic transactions without the need of a third party. This is a huge collaboration and massive news for the Ethereum community considering the fact that Visa controls a huge share of payments all around the world. The payments company’s global reach could help Ethereum expand its horizon into the mainstream businesses.
The Visa Ethereum collaboration could enable payments directly from their own self-custodial wallets. Simply put, any small business can set up a smart contract for automatic payments, using the Ethereum Visa feature. Smart contracts generally allow stakeholders to trade with each other without the involvement of a trusted centralized mechanism.
Also Read: XRP Whales Holding Hits ATH Amid Pending Summary Judgment
When Will Visa News Price-In?
Meanwhile, the ETH price has been following a sideways movement in the last few weeks. As of writing, the top cryptocurrency price stands at $1,216, up 0.32% in the last 24 hours, according to price tracking platform CoinMarketCap. It remains to be seen how the ETH price reacts if more developments and announcements come out about this collaboration. As of now, it is evident that the partnership announcement has not had a big effect of the price.
- Changpeng ‘CZ’ Zhao Confirms Defamation Lawsuit Plans Against Sen Elizabeth Warren
- Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
- Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
