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SSV Network price prediction defies gravity Is it worth buying?

The SSV Network’s price has defied gravity over the past few weeks, even though other cryptocurrencies have fallen. The token’s price jumped to a high of $17. 50, which was the highest level since April 20th. It has increased by more 276% than the July low, bringing its market cap to $103million. What’s SSV? And…

The SSV Network’s price has defied gravity over the past few weeks, even though other cryptocurrencies have fallen. The token’s price jumped to a high of $17. 50, which was the highest level since April 20th. It has increased by more 276% than the July low, bringing its market cap to $103million.

What’s SSV? And why is it on the rise?

SSV network is a small blockchain project that allows developers to create ETH staking apps. Staking pools, staking service, and solo stakers are just a few of the applications that can be found. Stader and Ankr are just a few of the most prominent projects that have been built on SSV’s infrastructure.

The

SSV Network’s price has risen sharply over the past weeks as investors await the Ethereum merger event. Merge is an important step that will transform Ethereum from a proof of work (PoW), to a proof of stake (PoS), platform.

Ethereum will be a faster and more cost-effective platform for blockchain transactions. Transactions per second (TPS) will rise from about 20 to over 1,000. The average transaction cost will fall to only cents. This is also why ETH prices have risen sharply over the past few days.

The increasing popularity of the platform has led to an increase in

SSV prices. Coinbase Ventures and Everstake are just a few of the companies that have partnered on the network.

SSV Network price prediction

The daily chart shows that SSV Network’s price has been in an upward trend for the past few months. When the coin fell to $3, the uptrend began. 67 on June 18. It rose and reached $5. 50, which was the lowest level on June 22nd.

The coin has managed to move above the 25-day and 50-day moving averages. It also rose above the 61.8% Fibonacci Retracement level. Relative Strength Index, (RSI), has risen above the 50. neutral level.

Therefore, the coin will likely continue rising as bulls target the next key resistance level at $20. A move below the support at $11 will invalidate the bullish view.

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