The digital currency Ethereum has doubled in price and is outperforming Bitcoin.
Monday, August 22, 2022

The digital currency Ethereum has doubled in price and is outperforming Bitcoin.

After falling to its lowest point in mid-June, the world’s second most popular cryptocurrency – Ethereum – rose sharply in price and has significantly outpaced Bitcoin. On June 19, BTC reached its lowest price of $17,601 and since then has grown in price by about 31%. At the same time, Ethereum, which fell to $880.93 on the same day, rose by almost 106%. Currently, ETH is traded at $1,630 per coin. This investor optimism is explained by the rapid change of the Ethereum algorithm. On September 15, the blockchain will switch to the Proof-of-Stake model, abandoning mining. The move is expected to make the network faster and more energy efficient.

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