In recent days, the cryptocurrency market has shown moderate growth, but for Ethereum this period turned out to be more successful – the rate of the second cryptocurrency for the first time in history reached $ 2,150.
Two months ago, the ETH rate for the first time exceeded $ 1,500 and continued to grow, and on February 20, the coin was trading above $ 2,000. Then Ethereum lost its “occupied heights” and rolled back to $ 1,500. However, now ETH is trading at $ 2,100. The capitalization of the second cryptocurrency is estimated in $ 243 billion, and the capitalization of the entire cryptocurrency market came close to the landmark level of $ 2 trillion.
Ethereum’s success is driven by the upcoming Berlin hard fork on April 14th. The update will add various smart contract optimizations and improve the Ethereum Virtual Machine (EVM). In addition, it will include several Ethereum Improvement Proposals (EIP).
Recall that in July, the EIP-1559 offer will be activated on the Ethereum network, which changes the calculation of transaction fees. It should reduce the average commission size and many miners are extremely unhappy with this – their income will drop significantly. An initiative group of miners even offered to “show their strength” and combine capacities on the Ethemine pool, but the “strike” failed.
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