2022-11-07
From October 10, 2002 to November 7, 2022 Bitcoin price had increased 7%. From $19,511 to $20,894.
On the other hand, from October 10, 2002 to November 7, 2022 Etheream price had increased 19%. From $1,330 to $1,590.
Etheream price had outperformed Bitcoin price by 9%.
What's Ethereum price means for investors?
Vitalik Butarin said that Ethereum is entering the Scourge phase. Recently Ethereum already finished upgrade the Merge phase that made transition from proof-of-work to proof-of-stake.
There are 6 phases of Ethereum upgrade
1. The Merge
2. The Scourge
3. The Verge
4. The Purge
5. The Splurge
Ethereum network finished upgrade the merge on last september. Upcoming Scourge upgrade according to Vitalik's plan Ethereum will increase capability of transaction per second to 100k.
References
-https://time.com/nextadvisor/investing/cryptocurrency/ethereum-hits-new-all-time-high-price/-https://consensys.net/blog/news/the-merge-is-done-whats-next-for-the-ethereum-ecosystem/
-https://beincrypto.com/vitalik-buterin-shares-updated-ethereum-roadmap-including-scalability-plans/
