Yuri Molchan
Ether has just soared to a new all-time high above $4,400
The second-largest cryptocurrency, Ethereum, has reached a new lifetime peak, hitting $4,477.
Image via CoinMarketCap
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.
Besides, 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.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.