What’s Behind Ethereum’s Massive Price Gains

Ethereum (ETH) has gained almost 30% this week, taking it close to its May all-time high of over $4,360. Today it broke the $4,000 barrier for the first time in three months, and many analysts were optimistic that the price could increase even further.

There are several factors driving Ethereum’s growth, from a surge in demand for non-fungible tokens (NFTs) to an overall rally in cryptocurrency prices. Let’s look at some of the reasons in more detail.

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Cryptocurrency and Crypto Tokens: What’s the Variation?

Cryptocurrency is now a quite prevalent phrase. Most of us should have examine about various forms of cryptocurrencies and how they are traded. Some of us would have even invested in the profitable but speculative electronic asset class. Although a single should analysis the pitfalls associated and gains anticipated prior to building these kinds of an investment decision, it’s similarly critical to understand the specialized terms. We from time to time inadvertently use cryptocurrencies and crypto tokens interchangeably. Even though identical, these two have fundamental variances and it can be critical to not confuse them. Equally are digital assets. But cryptocurrencies have their very own blockchain whereas crypto tokens are designed on an existing blockchain.

What is a cryptocurrency?

A cryptocurrency is a blockchain’s ‘native currency’ — like Bitcoin or Ether — and is issued immediately by the blockchain protocol on which it operates. A lot of times, cryptocurrencies are

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