Ethereum Price is Going Parabolic
The Ethereum ecosystem is growing rapidly, crossing the $350B Market Cap, leaving dust to the likes of Bank of America & Disney.
$ETH is the network's native currency and the driving force behind this multi-use platform. The Ethereum coin price has been breaking All-Time Highs on a daily passing the $3.2K mark just hours ago.
The Ethereum ‘white Paper’ was published by its founder Vitalik Buterin in 2013. The project was crowdfunded and went live on July 30, 2015.
Ethereum is a decentralized, open-source blockchain that supports smart contracts, a feature that expanded cryptocurrencies' case use to a whole new dimension. The development of smart contracts has led to the formation & rise of a new financial sector to revolutionize the global financial market. A smart contract is basically a set of rules that resides on the blockchain and run processes accordingly. ‘Decentralized Finance’ is the hottest thing in the current bull run surpassing $70B in total value locked on the various DeFi project currently in existence. Ethereum Use Cases:
• Decentralized Finance (DeFi)
• Decentralized Autonomous Organizations (DAOs)
• Non-Fungible Tokens (NFT)- Ownership & Authentication
• International Transactions
The network has been going through drastic changes this year with the introduction of Ethereum 2.0, which marks the change from a Proof-of-Work to a Proof-of-Stake network. Ethereum has seen great institutional support in the last few months, with many experts seeing Ethereum flipping Bitcoin in Market Cap before the year 2025.