(VIANEWS) – Ethereum, the second most popular cryptocurrency and home to many financial apps, is receiving a makeover that may boost its price.

Bloomberg Quint reports that the ethereum software will undergo an upgrade code-named London that will reduce the rate at which Ether tokens are being produced. In a process called burning, one of them, or the minimum fee, that is charged to users for processing transactions, will be taken out of circulation.

Ethereum (ETH-USD) Cryptocurrency is currently on bullish momentum by 22.66% in the last 14 days. At 10:50 EST on Friday, 30 July, Ethereum (ETH-USD) is at $2,343.7300.

Volume

Today’s last reported volume for Ethereum is 21940742338, 41.18% below its average volume of 37303770500.76.

All-Time High and Low

Ethereum’s current value is at $2343.73, 46.2% below its all-time high of $4356.99 on Wednesday, 12 May.

Ethereum’s current value is at $2343.73, 541282.43% above its all time low of $4356.99 on Tuesday, 20 October.

Market Cap and Supply

Ethereum’s current market cap is 273962295058.

Ethereum (ETH-USD) Range

About Ethereum’s daily highs and lows, it’s 35.14% up from its trailing 14 days low of $1,734.2500 and 3.55% down from its trailing 14 days high of $2,430.0100.

Social Status

Currently, Ethereum (ETH-USD) has 1456370 Twitter followers and 1049337 Reddit subscribers.

As of now, on Github, there are 11594 forks, 31582 stars, and 2111 subscribers.

Volatility

Ethereum’s last week, last month’s, and last quarter’s current volatility was 2.64%, 0.39%, and 4.95%, respectively.

Ethereum’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.29% (last week), 3.67% (last month), and 4.95% (last quarter), respectively.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Ethereum’s crypto is considered to be oversold (<=20).

Other News About Ethereum (ETH-USD)

According to FXStreet on Thursday, 29 July, “Cryptocurrencies have been consolidating their gains, with Bitcoin clinging to $40,000 and Ethereum around $2,300.”

News about Bitcoin

Bitcoin in longest winning streak in 2021 as crypto rebounds. According to Bloomberg Quint on Wednesday, 28 July, “A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.”, “Now there are signs retail investors are starting to pile back into cryptocurrencies, according to Ben Onatibia and Giacomo Pierantoni of VandaTrack Research, citing a rise in Bitcoin trading volumes across major exchanges.”

Bitcoin eyes longest winning streak in 2021 amid crypto rebound. According to Bloomberg Quint on Wednesday, 28 July, “A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.”, “For now these narratives have taken the focus away from criticism of Bitcoin for the environmental cost of the energy consumed by the servers underpinning it. ”

Bitcoin slides after foray past $40,000 on Amazon speculation. According to Bloomberg Quint on Tuesday, 27 July, “On Binance, the largest crypto exchange, Bitcoin perpetual contracts jumped as much as 30% over an hour in early New York trading, a sign of extreme volatility in one of the coin’s most liquid derivatives.”, “Sentiment also got a bit of a boost last week after Tesla Inc.’s Elon Musk said his firm was likely to eventually accept Bitcoin again and that his space exploration company SpaceX owns the digital token. ”

More news about Ethereum (ETH-USD).

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