Factors that have driven the price of ETH to new all-time highs

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Avatar for Luis2020Diaz
3 years ago
Topics: Cryptocurrency

While many cryptocurrencies have had a recent drop in their prices, Ethereum has managed to hit all-time highs thanks to a series of major events. In 2021 is a fundamental year for the crypto world and Ethereum is no exception. The developers are still working on integrating the ETH2 network; this will allow them to change their original proof-of-work consensus algorithm to the proof-of-stake consensus algorithm. This is much more efficient as it reduces commissions and is more efficient from an energy point of view.

During the last week, Ethereum has had an increase of approximately 15%, reaching a market capitalization of $ 312 billion. Recently, the European Investment Bank launched a sale of digital bonds on the Ethereum network, which attracts a lot of capital, causing its price to rise much more.

You can answer this question in the comments: Do you think Ethereum can attract more users on Unisawp once it successfully performs its consensus algorithm?

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