[Taklimakan Blog] Ethereum’s Price Hit $3.4k for the First Time
May 4, 2021
Over the past day, the altcoin has risen in price by 8%. Its capitalization exceeded $392 billion
Ethereum on the Binance crypto exchange for the first time in history rose to $3.45 thousand. The altcoin is trading at $3.36 thousand. Ethereum capitalization, according to CoinGecko, reached $392 billion.
The digital coin growth phase began on April 25th. Since then, it has risen in price by 54% (from $2.2 thousand). In April, the Ethereum network underwent an important Berlin update that lowered transaction fees.
In July, altcoin developers plan to release another update — London, which will completely change the mechanism for calculating fees. Part of the commissions that miners are currently receiving as a reward will be burned.
