The Berlin Fork and ETH Riding The Waves Again at $2,368.76

in LeoFinance3 months ago

Hey! Are you ready to find out the news?

How about a new ETH raise today?

📣 Ethereum raised its value again today, with the major development update to ETH2.0, also called "Berlin", taking place on Wednesday, May 14th.

Coinmarketcap ETH Stats right now:

Ethereum Price $2,368.76
Price Change
24h
$206.13
9.53%
24h Low / 24h High
$2,154.92 /
$2,388.25

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source

ETH GROWTH, FRUSTRATION AND HOPES

Ethereum's 1.328% growth over the past year continues to grow, despite major concerns about the network's transaction fees. In February, Ethereum transaction fees averaged a record high of $ 2 (according to Bitinfocharts), making Ethereum generally unsuitable as the currency of the transaction.

But investors still have hope that these fees will fall in the future, especially before the next network upgrade event that will radically change the way fees are paid. The "London" update, planned for this summer, has annoyed Ethereum miners, as it involves a plan to burn taxes that miners benefit from.

However, tomorrow's "Berlin" update is expected to have a lower impact in the short term but will pave the way for "London" and make four major changes to the existing network.

Full technical details can be found on the official launch page, a number of changes will be made to the blockchain to reduce costs for certain types of transactions.

MORE:

Ethereum is not the only asset that creates a new boost today. Bitcoin has also reached new heights, as the price of BTC has risen to the nearest $ 63,000. Meanwhile, the currencies just behind Bitcoin and Ether in the market capitalization rankings - Binance Coin (BNB) and XRP - have also reached new all-time highs in the last 24 hours.

Since major movements are on the market, I wonder if this will boost or Leo, Cub and Hive tokens' value.

What do you think?

👉 Crypto lovers, the times are changing by the second!
Thank you for reading until here!

With appreciation and research,
@regenerette

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THANK YOU!

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