Ethereum Rises 10-Fold in a Year

Ethereum has excellent performance in the past year as prices have risen significantly in early 2021. Today, price of Ethereum reached All Time High with $1,425.52 per coin. Ethereum at first launch in 2015 just having value $2.85 in market. Ethereum prices have risen 10-fold in one year. In early 2020, Ethereum was sold for $128.30 per coin then continued to rise and finally broke the record of $1,425.52 per coin.

Ethereum price increase because being upgraded to Ethereum 2.0. The phase of evolution into Ethereum 2.0 hasbeen started at the end of December 2020. The price of Ethereum increased rapidly into 10-fold along with the upgrade of the ethereum blockchain network. Ethereum predicted as a substitute for Bitcoin at the beginning its launch because it complements the weakness of the Bitcoin blockchain network that only serves as a store of value.

Ethereum was developed by the Ethereum Foundation company created by Vitalik Buterin. Today, Ethereum is the most developed blockchain company with smart contract feature that allows developers to build applications on Ethereum bridge.

Ethereum has a line of business using network platforms that give birth to many crypto assets. In this upgrade phase, Ethereum is overhauling its network to be more efficient, inexpensive, and fast.

In addition, Ethereum will also change its scheme. Nowadays, you can get Ethereum by mining like Bitcoin. After the upgrade to Ethereum 2.0 is completed, Ethereum no longer mined but by staking or lending.

The evolution of Ethereum 2.0 is carried out through several phases. Ethereum 2.0 hasbeen launched phase 0 at the end of 2020, approximately hundreds of millions of dollars of Ethereum supply has been locked. This way to reduce the supply of Ethereum for price stabilize.

The difference between Ethereum and Bitcoin is unlimited supply. Bitcoin has only 21 million in supply, while Ethereum is unlimited. However, this evolution has number of locked limits used for the creation of Ethereum, if Ethereum supply decreases and demand continues to grow, then the price of Ethereum will increases.

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