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Found 1 result

  1. Whited35
    ETH, the second-largest cryptocurrency by total marketcap has broken the $1500 resistance to reach a new ATH price of $1,567.61 just 4 hours ago. I am just tracking its momentum in the cryptocurrency markets now. The total marketcap of Ethereum is seen above $174 at the time of writing. So what are the reasons for this upsurge in the price of Ethereum? I have collected the possible reasons here. Increasing demands of ETH in DeFi-related activities Increasing on-chain transactions The growing strength of Ethereum in the ETH options markets Ethereum 2.0 staking inspired investors to hold more amounts of ETH to expect the block reward As ETH is the native cryptocurrency of the Ethereum blockchain network, what can be the possible market scenario for it in this month?
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