Ethereum Price Surges Past $1,600, Trading Volume Surpasses Half of Bitcoins » NullTX - BitcoinEthereumNews.com
Bitcoin EthereumEthereum Price Surges Past $1,600, Trading Volume Surpasses Half of Bitcoins » NullTX07 / 22 / 2022Balita ng Ethereum ng Bitcoin After a relatively minor market correction yesterday, Ethereums price surged past the $1,600 level, currently attempting to establish new support. While Bitcoin also saw substantial price growth over the past 24 hours, Ethereum is leading the bull rally after the conclusion of EthCC this week, the largest European blockchain conference bringing together crypto enthusiasts worldwide. Ethereums 24-Hour Trading Volume Surpasses $20 Billion With Ethereum‘s recent price hike, its trading volume surpasses half of Bitcoin’s. While BTCs 24-hour trading volume is at $25 billion, ETH currently boasts a $20 billion trading volume, with a slight decrease of 3% in the past 24 hours. Tulad ng tinalakay sa yesterday‘s Ethereum price article, the hype surrounding Ethereum is due to its upcoming network merge, where ETH’s blockchain will switch from a proof-of-work to a proof-of-stake consensus model. This will make Ethereum not only a more sustainable network but, according to Vitalik, who took the stage at EthCC on Thursday, will enable Ethereums network to process in the order of 100k transactions per second. Moreover, Vitalik anounced that Ethereum would be 55% complete come September after the