Ethereum (ETH) for the first time in its history climbed above $2,500 on Thursday. This came in the wake of the network’s latest network upgrade – the Berlin hard fork.
The Berlin upgrade is one of the many improvements that will make the Ethereum blockchain attractive for DeFi-backed DApps.
Looking at the past trend of the surge in Ethereum’s realized value and MVRV ratio, ETH price could surge another 100% from its current all-time high.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin and Ethereum daily price movements.
In a massive price rally, ETH has moved all the way to $2400 registering over 200% gains since the beginning of 2021.
Many believe that Ethereum is still undervalued looking at the real-world utility of its blockchain.
Shooting 27% BNB price has surged past $600 for the very first time. With the surge, Binance Coin has registered nearly 1300% gains year-to-date beating some of the biggest traditional banking institutions.
Scott Melker is more optimistic and bullish on Ethereum rather than Bitcoin. Using ETH is not easy, but “the amount of building that’s happening on Ethereum, the amount that was staked in an Ethereum 2.0” demonstrates that Ethereum is performing exceptionally well.
The crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platforms for digital assets.
Metis can drastically decrease the wait time between layer-two and layer-one network communications.
There are rumors that Altcoins season has just started as BTC dominance falls below 54%, although still holds more than $1 trillion of the $2 trillion capped crypto market, and Ethereum sets a new ATH.
Ethereum price is now up 1365% in the past year and over 33% in the past one month according to CoinGecko.
OpenSea has said it plans to use Immutable X to get rid of gas fees. The NFT marketplace aims to support the trading of digital collectibles on their gas-free layer-2 protocol built on Ethereum without compromising on security.
DeFi total locked value has hit a record high, reaching nearly $80 billion. Though Ethereum-based protocols continue to lead the market, notable performance has been shown by their main rival – Binance Smart Chain.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. March 21