Ethereum Price Prediction 2021 And Latest News Updates | Crypto/Cryptocurrency News Today

Much of this year’s crypto price surge—that’s seen the combined crypto market soar from around $700 billion to over $2.1 trillion—is due to rallies in ethereum and its many rivals that are jostling for market share.

“Ethereum is seeing an explosion in developer activity thanks to NFTs and DeFi,” Wood said, referring to the digital collectible non-fungible token craze and an explosion in crypto-based decentralized finance—designed to recreate lending and interest without the need for banks.

More than $1bn worth of Ethereum has now been burned since the inception of network upgrade EIP-1559 amid increased demand for the asset and rising competition from rival Layer-1 blockchains.

Watch till the end to know more about Ethereum’s price prediction and latest news on ethe!

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