Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The second-largest cryptocurrency, Ethereum, has reached a new lifetime peak, hitting $4,477.
This has happened as the Ether hashrate broke above a new ATH of 812,768 GH/s, decreased miner selling, and a massive drop of the ETH supply on crypto exchanges.
Alex DovbnyaBesides, since the London hardfork was implemented on Aug. 5 along with the burning mechanism for ETH fees, $3 billion worth of Ethereum has been burned.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
Alex Dovbnya
Vladislav Sopov