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Ethereum’s price jumped above the $ 500 barrier for the first time since 2018. The last time the cryptocurrency was above $ 500 was July 2018.
Ethereum has been the talk of the town for the past few months as the crypto community anticipates the release of Ethereum 2.0, a massive upgrade to the Ethereum network that aims to address the long-standing scalability issues plaguing the Ethereum network. But while we wait for this update, Ethereum’s price has continued to rise.
“Ethereum has the network, it has the attention and now we are starting to see the beginning of the real discovery of prices,” said Charles Storry, co-founder of PhutureDAO. Decrypt.
This recent price hike adds to solid growth over the past month, with Ethereum’s price going up from $ 375 on October 20, 2020. Furthermore, Ethereum started the year at just $ 130. This means that this represents a 33% increase in the last month and a 284% gain over the previous year.
But he still has a long way to go if he wants to break a new all-time high.
