The Ethereum cryptocurrency, created by Vitaly Buterin, a Canadian programmer with Russian roots, has updated its multi-year maximum. This is evidenced by the data from Coindesk .
Ethereum has reached its highest level since May 2018 and is worth $ 825 at the time of writing. In just one day, the price of the cryptocurrency has risen by more than 13 percent. Ethereum has been actively growing since December 2020 after the launch of phase zero of the Ethereum 2.0 network. The updated version of the altcoin blockchain does not have a mining function, it was replaced by staking. With its help, investors who have sent their Ethereum to a deposit contract will be able to receive a reward for this and passively increase the number of coins.
Ethereum also helped take off the rally of the world’s most popular cryptocurrency, Bitcoin. Its cost on January 3, 2021 for the first time exceeded 34 thousand dollars. Experts do not rule out that by the end of this year, bitcoin may rise in price to 100 thousand dollars .