Crypto Alliance
Ethereum mining Activity Continues to soars : Bullish Ethereum
The Ethereum hash rate continues its upward trend, hitting record all-time highs It's up 12% from the beginning of 2022 and a stunning 240 percent from the beginning of 2021. Although Ethereum is sometimes criticized for its high transaction prices, the Gas prices (Mean) has dropped recent weeks. Higher hash rates and lower gas prices are Bullish Bias for Ethereum. In developments side Ethereum began moving toward proof-of-stake, expected to help Ethereum scale, reduce fees and increase transaction times, at the end of 2020. The process is expected to be completed by June 2022. "If the Ethereum 2.0 model is successful and proof-of-stake is properly implemented, we can expect Ethereum to moon real hard," said panelist and CoinSmart chief executive Justin Hartzman.