The second largest in terms of market capitalization crypto currency its unit, Ethereum, has recorded significant value increases with its high price performance in recent months.
Ethereum’s High Price Performance
The new ETH burning mechanism, introduced together with a number of successful updates, has significantly reduced the supply of Ethereum, the second largest crypto asset by market capitalization. Ethereum has also gained a deflationary structure with a decrease in its supply and has recently recorded high value increases. Traded at the price levels of $4,300 in early October ETH, with the value increases it has recorded since the beginning of the month, the 4.600 dollar began trading at price levels.
Increased Network Activity
According to the data obtained Ethereumthe network activity of the registered a growth of 48% in a short period of time. In order to solve a number of problems related to transaction speed and scalability, Ethereum planned a series of successful updates to solve problems related to transaction speed and scalability in the network, aimed to solve problems related to issues such as transaction speed and scalability. So far, the Ethereum blockchain has recorded many successful updates to the network.
Ethereum’s recent decline in network activity was seen at the end of October. Ethereum made a correction move of 6% immediately after this decline. Following the correction movement ETH, started recording upward price movements some time after encountering a short sales pressure and recorded a 9% increase in value.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.