Ethereum (ETH) has been experiencing an upward trajectory for quite a while now, reaching its highest yearly price point in the week and presenting an impressive 52-week high.
Ethereum’s Price Supported By Latest Developments
The Ethereum’s price surge can be traced back to several factors that have propelled the cryptocurrency’s growth. The asset reached its 52-week high of $2,137 on Thursday, November 9, as seen in the chart below.
One of the factors that has contributed to the crypto asset’s price surge is the number of ETH staked. A rise in ETH staked, which stood at over 28 million, according to data from Beaconscan.
As of August, the number of validators in the Beacon Chain was approximately 786,000, but today that number is currently at 884,000. This indicates confidence in Ethereum’s long-term stability, which can be promising to investors.
In addition, the token’s on-chain volume has also increased significantly over time. Recent data shows that the asset’s volume now sits at approximately 2.62 billion from 1.5 billion as of September. This indicates an over 70% increase since September.
Blackrock’s Spot Ethereum ETF Sparks Increase
The most recent development that has propelled the asset’s price is BlackRock‘s registration of a spot Ethereum Exchange Traded Fund (ETF). Since the firm made known its registration of a Spot Ethereum ETF, there has been quite an improvement encompassing the cryptocurrency.
Blackrock is the world’s largest asset manager with trillions of dollars in assets under management, the firm that has also applied for a Bitcoin spot ETF. The firm applied for a Bitcoin spot ETF in June 2023. However, it is awaiting a decision from the United States Securities and Exchange Commission (SEC).
Featured image by iShock, chart by Tradingview.com
Ethereum (ETH) has been experiencing an upward trajectory for quite a while now, reaching its highest yearly price point in the week and presenting an impressive 52-week high.
Ethereum’s Price Supported By Latest Developments
The Ethereum’s price surge can be traced back to several factors that have propelled the cryptocurrency’s growth. The asset reached its 52-week high of $2,137 on Thursday, November 9, as seen in the chart below.
One of the factors that has contributed to the crypto asset’s price surge is the number of ETH staked. A rise in ETH staked, which stood at over 28 million, according to data from Beaconscan.
As of August, the number of validators in the Beacon Chain was approximately 786,000, but today that number is currently at 884,000. This indicates confidence in Ethereum’s long-term stability, which can be promising to investors.
In addition, the token’s on-chain volume has also increased significantly over time. Recent data shows that the asset’s volume now sits at approximately 2.62 billion from 1.5 billion as of September. This indicates an over 70% increase since September.
Blackrock’s Spot Ethereum ETF Sparks Increase
The most recent development that has propelled the asset’s price is BlackRock‘s registration of a spot Ethereum Exchange Traded Fund (ETF). Since the firm made known its registration of a Spot Ethereum ETF, there has been quite an improvement encompassing the cryptocurrency.
Blackrock is the world’s largest asset manager with trillions of dollars in assets under management, the firm that has also applied for a Bitcoin spot ETF. The firm applied for a Bitcoin spot ETF in June 2023. However, it is awaiting a decision from the United States Securities and Exchange Commission (SEC).
Featured image by iShock, chart by Tradingview.com
how can i get clomid pill where to get cheap clomid tablets how to buy cheap clomid tablets generic clomiphene walmart clomiphene generic cost can i order generic clomiphene without insurance where buy cheap clomiphene no prescription
Thanks on putting this up. It’s understandably done.
The thoroughness in this draft is noteworthy.
buy cheap generic azithromycin – brand metronidazole 200mg flagyl 400mg cost
order generic semaglutide 14 mg – buy rybelsus pills for sale order cyproheptadine 4mg sale
brand motilium 10mg – order domperidone without prescription cyclobenzaprine ca
buy propranolol without prescription – buy generic propranolol over the counter methotrexate 5mg generic
amoxil us – buy combivent paypal buy combivent no prescription
order azithromycin 500mg generic – bystolic for sale online bystolic online order
purchase augmentin generic – https://atbioinfo.com/ buy cheap generic ampicillin
order generic nexium – https://anexamate.com/ cost nexium 40mg
buy cheap generic medex – https://coumamide.com/ cost losartan
mobic 7.5mg pills – mobo sin meloxicam 15mg pills
prednisone 40mg oral – aprep lson buy prednisone 40mg for sale
best place to buy ed pills online – site buy erectile dysfunction drugs over the counter
amoxicillin online order – https://combamoxi.com/ buy amoxicillin generic
buy diflucan 100mg for sale – order diflucan online buy diflucan sale
order cenforce 100mg pills – cenforce 50mg over the counter buy cenforce medication
when will cialis become generic – ciltad genesis cialis experience reddit
order ranitidine 300mg – https://aranitidine.com/ buy generic zantac 150mg
cialis genetic – https://strongtadafl.com/# cialis w/o perscription