Cryptocurrency

Ethereum’s Update: A Catalyst for ETH Price Growth

Shiva Ganesh

How Ethereum's Prague upgrade could fuel ETH price growth in 2024

Ethereum, the world's second-largest cryptocurrency and the leading platform for decentralized applications is gearing up for a major upgrade that could boost its performance and functionality. The upgrade, known as Prague or Pectra, is expected to roll out across several testnets in early 2024, before going live on the main network.

Intro of Ethereum: Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency trading, ether (ETH). Ethereum can be used by anyone to create and use secure digital technologies, such as decentralized applications (dApps), smart contracts, and new cryptocurrencies.  

The current price of Ethereum: According to the finance results from my search tool, the current price of Ethereum (ETH) is 191,369.75 INR per. This is equivalent to US$2,310.35 per ETH. The price may vary depending on the source and the time of the query. You can check the live price chart and news of Ethereum on various websites.

Price history of Ethereum: The price history of Ethereum (ETH) shows how the value of this cryptocurrency application has changed over time. According to the web search results from my tool, the price of ETH has fluctuated significantly since its launch in 2015, reaching its all-time high of US$4,400 per ETH in May 2021. However, the price also experienced some sharp drops, such as in late 2022, when the collapse of FTX, a major crypto exchange, caused a market crash. As of January 3, 2024, the price of ETH was US$2,360.78 per ETH.

Latest News of Ethereum: The article is about the Prague upgrade, a major update for Ethereum that will improve its performance and functionality. The upgrade will include precompiles, a new EVM format, and smart contract changes. The article also discusses the testnet schedule, the Verkle tree debate, and the implications for the Ethereum ecosystem.

Price prediction of Ethereum: According to your Ethereum price prediction, the value of ETH might rise by +5% to US$ 3,139.55 by 2030. The current sentiment is quite positive, according to the consensus rating.

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