Ethereum market cap surpasses $200 billion as ETH reclaims $1,800 - BitcoinEthereumNews.com
The price of the second largest cryptocurrency by market cap has climbed above the $1,800 level as Ethereum (ETH) risess over 5% in a day ahead of its upcoming Pagsamahin upgrade slated for September. Indeed, Ethereum is currently trading at $1,801, up 5.48% in the last 24 hours and 6.78% across the previous week. Notably, in the last 30 days, Ethereum has climbed from $1,214 on July 10 to $1,801 on August 8, an increase of 48.35% between the two dates. Ethereum 30-araw na tsart ng presyo. Pinagmulan: CoinMarketCap Whats more, with a total market capitalization of $219 billion, Ethereum has added almost $70 billion to its total worth in the last month, according to data retrieved by CoinMarketCap. Ethereum 30-day market cap chart. Source: CoinMarketCap The Ethereum Merge slated for late September is among the most highly anticipated crypto events due to take place owing to factors like the projected bullish impact on the assets price. Based on this, the banking giant Citigroup (NYSE: C) believes the upgrade might have several benefits for the blockchain. According to the study conducted by the bank, after the upgrade has been implemented, it may result in reduced energy intensity, transform Ethereum into a deflationary asset, and provide a potential