Ethereum is going through a phase of positive news for around its fifth anniversary. Even its futures market is undergoing a record boost in the month of July.
Ether, the native token of Ethereum blockchain, is trading above three hundred and forty USD on Coinbase as the platform keeps on gaining attention as the leading smart contract platform. Notably, Ethereum is observing its 5th anniversary this month and this has accorded with a juncture at which the price of the cryptocurrency increased by over fifty percent within a month.
At the inception of July, the virtual asset traded at approximately two hundred and twenty-five USD and is closing the month of July at around three hundred and forty-four USD, as per the data from Coinmarketcap.
As per several crypto analysts, the main reason behind the success of Ethereum is the escalation in demand of decentralized finance and the forthcoming debut of Ethereum 2.0. This has supposedly transformed to the increased demand for its native token.
Overall, it’s a period of all-round positive developments for Ethereum around its anniversary. At the time of reporting, the coin is trading at around 344 USD with a 24-hour gain of around eight percent.
The Future is Now Media Group have launched a YouTube show called The Future is Now Digest, hosted by Miguel Francis-Santiago. Together […]
April 30, 2020
PRESS RELEASE — 10,000 participants are expected to join CHAIN2020 in Hong Kong on January 15, which aims to become one of […]
December 27, 2019
Colombia has taken a significant step towards regulating the country’s digital asset ecosystem. The government of the nation has permitted a pilot […]
September 28, 2020
Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP), has recently issued the first ruling to officially legalize digital asset mining […]
September 28, 2020