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Learning & News => News related to Crypto => Topic started by: newshunter on August 01, 2020, 07:00:29 PM

Title: Ether Rockets 50% in 5-Year Anniversary Month: What’s Behind the Rally?
Post by: newshunter on August 01, 2020, 07:00:29 PM

Ether Rockets 50% in 5-Year Anniversary Month: What’s Behind the Rally?

As Ethereum turns five years old, Ether is up 50% over the past month with two main catalysts driving the uptrend, namely DeFi and ETH 2.0.

Source: Ether Rockets 50% in 5-Year Anniversary Month: What’s Behind the Rally? (https://cointelegraph.com/news/ether-rockets-50-in-5-year-anniversary-month-whats-behind-the-rally)

Would appreciate your opinion about this

Title: Re: Ether Rockets 50% in 5-Year Anniversary Month: What’s Behind the Rally?
Post by: Noverteno on August 02, 2020, 08:00:07 AM

It should hardly be considered that the price of ethereum is increasing due to the fact that this coin recently celebrated its 5th anniversary. Now there are quite a few other reasons for the growth of the ethereum price. Of course, the upcoming improvements to Ethereum 2.0 are of great importance. However, now the price of bitcoin is also growing and is pulling the entire cryptocurrency market up with it. It is also possible that many are starting to rescue their savings from the inflation of conventional currencies due to the impending global economic crisis. So there are quite a few objective reasons for the growth of the ethereum price.

Title: Re: Ether Rockets 50% in 5-Year Anniversary Month: What’s Behind the Rally?
Post by: TomPluz on August 03, 2020, 10:55:37 AM

Ethereum has just been waiting for the right time for it to really explode and considering the hotness of DeFi going on right now and the coming Eth 2.0, it was just a matter of time when Eth is picking up the speed. I am sure that this is just the tip of the iceberg though as more can be coming. Congrats to Eth and to Buterin.