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

imageCryptocurrency16 hours ago (Jul 31, 2020 07:40AM ET)

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

The price of Ethereum’s Ether token has seen strong momentum in July. Since the start of the month, ETH has climbed by 50% from $225.5 to $340 on Coinbase. It coincides with a five-year anniversary for the dominant smart contracts blockchain protocol.

There appear to be two key factors fueling the rally of ETH. First, the anticipation of the market towards ETH 2.0 has been continuously building. Second, the explosive growth of the decentralized finance (DeFi) market has upheld the momentum of Ethereum.

Continue Reading on Coin Telegraph

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

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