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| Why is eth going up | Given distinct advantages such as security and energy efficiency, Ethereum will be switched from proof-of-work to a new consensus algorithm under development, called Casper based on proof-of-stake mechanism, sometime later in , as per Ethereum Foundation. Share icon An curved arrow pointing right. That will bring huge changes and make an Ether investment more attractive to big investors. Lastly, Initial Coin Offerings ICO are growing in popularity, and some of the most successful firms are raising funds via a digital token built on the Ethereum platform. I think that's why people are excited about the price action. |
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DANGER TO ALL BITCOIN BEARS !!!Right now, ETH has comfortably broken past the resistance level of $ and is now hovering around the levels of $1, and $ Experts. Similarly, it swelled approximately 95% ahead of the London Hard Fork in August One of the primary reasons for the rise in the price of Ethereum is the surging popularity of DeFi (Decentralized Finance). Ethereum hosts a lot of DeFi.
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