$SHIB is the only asset in the green as most crypto assets are plunging after the Merge hype is over
started off poorly as the biggest assets on the market are losing from 5% to 10% of their values following the cool-off after the Merge hype and rising regulatory risks.With the market facing a massive spike in selling pressure in the last few days, Shiba Inu partially avoided the crash we saw on large assets on the weekend and began the week with a mild 1.2% price increase in the last 24 hours.
Ethereum Classic, for example, has lost more than 13% of its value in the last 24 hours - the main reason being the high competition among Ethereum PoW alternatives. Ethereum's PoW fork is also losing its value rapidly as investors see no future and no fundamental value in Ether's PoW offspring.
Despite all the arguments of pro-PoS cryptocurrency users, Ethereum's distribution on the network does not seem healthier compared to Bitcoin, as only two companies control almost 50% of all staked ETH. Lido Finance, the biggest holder in Ethereum 2.0 has an impressive 30% stake in the network, while second place held by Coinbase corresponds to 14% of the network's hashrate.
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