SUI Price Hits New All-Time High: Details
SUI's peak comes after a solid month, during which the asset's price has risen by almost 130%.
Ethereum is a blockchain-based platform that allows developers to build decentralized applications (dApps) using smart contracts.
These are computer codes that facilitate the exchange of money, property, shares, content, or anything that has value. It’s pre-programmed and predefined, meaning that once the trigger conditions are executed, the result manifests automatically.
Ethereum has a native cryptocurrency, which is called Ether (ETH). ETH is currently the second-largest cryptocurrency by market cap.
The project’s whitepaper was published back in 2013 by Vitalik Buterin, Ethereum’s Co-Founder. In January 2014, Ethereum began the official development of the platform. A few months later, in August, the team managed to raise $18.4 million through a token sale. The ETH token was released during the summer of 2015.
Like Bitcoin, Ethereum was initially developed to work using the Proof-of-Work (PoW) consensus algorithm. However, the team is working to transition to Proof-of-Stake, which is supposed to take place in 2020.
SUI's peak comes after a solid month, during which the asset's price has risen by almost 130%.
Crypto market metrics suggest current conditions don't match 2023 euphoria, indicating room for potential surge.
The SEC's historic move to approve Bitcoin ETFs has propelled Ethereum-based projects to a significant surge in market cap.
Increasing the gas limit boosts transaction inclusion in each block, enhancing overall throughput and network capacity.
The crypto community is abuzz with excitement and anticipation of the upcoming events.
Stablecoin TVL on the Tron network increased to all-time highs of around $48 billion.
Reaching a record $51 billion, total digital asset investment grew by 129%, owing to positive signals from the SEC during
Bitcoin went on a rollercoaster throughout the past seven days while altcoins are trading in the red.
Ethereum took a beating over the past month or so as alternative layer-1 blockchains surged in activity and token prices,
Buterin stressed the importance of keeping ENS accessible and affordable for all Ethereum users, especially those on L2 networks.