#write2earn #ETHEREUM âS RISE: ANTICIPATION BUILDS FOR
#ETH âS POTENTIAL SURGE IN 2024
#EthereumClimb #BullRunđ $ETH While Bitcoin commands the spotlight in the cryptocurrency market, attention is shifting towards Ether (ETH), the native token of the Ethereum blockchain.
With the eagerly awaited Dencun upgrade on the horizon and growing excitement surrounding the potential approval of spot ETH exchange-traded funds (ETFs), experts foresee Ether potentially doubling in value throughout 2024.
As the worldâs second-largest cryptocurrency by market capitalization, the burning question is whether Ether can emulate Bitcoinâs success by surpassing its previous all-time high, solidifying its standing as a significant player in the digital asset landscape.
Etherâs Momentum After Bitcoinâs March Surge, Up 67% YTD Ether, the marketâs second-biggest cryptocurrency, has been on an impressive upward trajectory in 2024. As of March 8th, at 12:36 PM UTC, Ether was valued at $3,944.34, marking a 4% increase (+$151.63) from the previous dayâs close.
Year-to-date, Ether has seen a remarkable return of 67.64%, reflecting growing confidence in the Ethereum network and its future potential. While Etherâs price has fluctuated, hitting a high of $3,939.59 on March 7, 2024, and a low of $2,113.93 on January 3, 2024, recent movements indicate a strong upward trend.
With a daily trading volume averaging between $22 billion and $47 billion, Ether has cemented its status as a highly liquid and actively traded digital asset. Its ability to rebound from January lows and achieve new highs in March underscores the resilience and increasing adoption of the Ethereum ecosystem.
Anticipated Dencun Update to Revolutionize Ethereum Mainnet, Slashing L2 Fees The eagerly awaited Dencun upgrade, slated for March 13th, is poised to transform the Ethereum ecosystem. One of its key objectives is to reduce transaction fees for users leveraging layer-2 scaling solutions atop the Ethereum mainnet.