In the last 24 hours, it was able to break its historical peak and cross a new record by crossing $ 1,550.
To Report The Block, the price of Ethereum , is now trading in the $ 1,550 range after rising 10% in the last 24 hours. This is the second time in the past month that Ethereum prices have hit a new high.
Ethereum , with a market value of $ 176.5 billion, is the second largest digital currency market with a 15.9% dominance.
Ethereum Price Chart
According to experts, the release of the second version of Ethereum , called Ethereum 2.0, Can raise the price of this digital currency even more. According to the developers of Ethereum 2.0, the new version will increase the scalability of the network; As a result of increasing scalability, commissions are lowered and transactions are approved faster.
So far only Phase Zero Ethereum 2.0 has been implemented. Phase zero is the first step in changing the consensus protocol from proof of work to proof of stock. By completely changing the protocol to stock proof, miners will give way to validators. Phase 1 of Ethereum 2.0 is rumored to be operational by 2022. It is worth noting that no new tokens will be created in ETH 2.0.
