Ethereum continues to recover from bearish market trends due to a renewed interest in digital assets which has led to a significant rise in the market value.
Ethereum remains the second most popular and second-largest digital asset by market capitalization in Aug.
ETH had a ມູນຄ່າຕະຫຼາດ of approximately $229.92 billion on Thursday, based on data from TradingView.
This was a 10% increase from the closing market cap on Tuesday. On that day, ETH saw a ປະລິມານການຊື້ຂາຍ of $16.37 billion, and this corresponded to a market capitalization in the region of $207.89 billion.
Why the rising market capitalization?
The success of the final testnet, called Goerli, which took place on Aug 10 and simulated a process almost identical to what the main network (mainnet) will experience in Sept during the Merge, has been credited for the spike in the market value of Ethereum.
With this out of the way, the crypto community is waiting for Ethereum to transition from a ຫຼັກຖານສະແດງຂອງການເຮັດວຽກ (PoW) ເຖິງ ກ ຫຼັກຖານສະແດງຂອງສະເຕກ ເຄືອຂ່າຍ (PoS).
Ethereum price reaction
ETH opened on Tuesday with a trading price of $1,776.07, and reached an intraday high of $1,908.20 on Thursday.
At the time of writing, ETH had seen an 81% rise in trading volume in the past 24 hours and was exchanging hands for $1,889.28.
Overall, this equates to a 6% increase in ETH’s price in less than 48 hours.
The much-anticipated Merge may also result in increased institutional adoption, it is claimed. ສຳ ນັກຂ່າວ Bloomberg ເວົ້າໃນ a ບົດລາຍງານ that the transition could accelerate Ethereum’s ascent to an institutional level investment.
ຢ່າງໃດກໍຕາມ, ນັກຄົ້ນຄວ້າ DeFi ຄົນ ໜຶ່ງ does not expect that ຄ່າ ທຳ ນຽມ Ethereum ຈະລົງມາຫຼັງຈາກ Merge. ລາວໄດ້ໂຕ້ຖຽງວ່າຄ່າທໍານຽມແມ່ນຫນ້າທີ່ຂອງຄວາມຕ້ອງການ blockspace ແລະການສະຫຼັບກັບຫຼັກຖານສະແດງຂອງສະເຕກຈະບໍ່ມີຜົນກະທົບໃນເລື່ອງນີ້.
ຂໍ້ສັງເກດ
ຂໍ້ມູນທັງ ໝົດ ທີ່ມີຢູ່ໃນເວບໄຊທ໌ຂອງພວກເຮົາແມ່ນຖືກເຜີຍແຜ່ດ້ວຍຄວາມຈິງໃຈແລະເພື່ອຈຸດປະສົງຂໍ້ມູນທົ່ວໄປເທົ່ານັ້ນ. ການກະ ທຳ ໃດໆທີ່ຜູ້ອ່ານປະຕິບັດຕາມຂໍ້ມູນທີ່ພົບໃນເວບໄຊທ໌ຂອງພວກເຮົາແມ່ນມີຄວາມສ່ຽງຂອງພວກເຂົາເອງ.
Source: https://beincrypto.com/ethereum-eth-market-cap-soars-20b-in-anticipation-of-merge/