May 15, 2021

Ethereum Rises Above $ 3200 For The First Time

Ethereum Rises Above $ 3200 For The First Time

The price of Ether (ETH) broke the $ 3200 mark, setting a new all-time high.

At the time of publication, the second in terms of capitalizationthe cryptocurrency is trading at $ 3181 with a daily gain of 9%. Since the beginning of the year, the Ethereum rate has risen by more than 300%, and over the past 12 months by 1400%, almost three times higher than Bitcoin (BTC) with its 550%.

Ethereum Rises Above $ 3200 For The First Time

The increase in the price of ether is due to the growth in demand forcryptocurrency thanks to the development of decentralized financing projects, an increase in the volume of transactions by 22% since January, as well as the launch of mechanisms transition to the Ethereum 2.0 protocol.

The final version of the second version of the platformwill receive not only a new consensus algorithm (PoS), but also the Sharding sharding function, which will significantly increase the throughput and speed of transaction processing.

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