The price of the Ethereum crypto asset has more than doubled in just one month. Originally IDR 30 million and now the all-time high price of Ethereum is IDR 62.2 million.
In that one month, almost every week Ethereum recorded an all time high (ATH) or the highest price in history. Starting from Rp. 30 million, up to Rp. 40 million, then to Rp. 50 million and finally through Rp. 62.5 million.
If we look at it from the beginning of 2021, Ethereum’s increase has reached 5 times. Because early 2021 the price of ETH was only IDR 10 million.
Wow, how much have you made from Ethereum?
How did it happen? Is the price of Ethereum going up again? Is it too late to buy Ethereum?
The crypto asset Ethereum (ETH) is a crypto asset that exists to create new altcoins. This is because Ethereum has a blockchain network to present new crypto assets and new blockchain projects.
Apart from that, Ethereum is also a proof of work (PoW) crypto asset that gets it mining. Although Ethereum states that it will turn its scheme into proof of stake (PoS).
The Ethereum crypto asset was created by Vitalik Buterin, a Bitcoin Magazine reporter who helped popularize Bitcoin around the world. He created Ethereum which exists as a complement to Bitcoin.
Actually, the factor of increasing ETH price is still the same as the previous factors. Namely because of Decentralized Finance (DeFi) and non fungible tokens (NFT).
Decentralized Finance is a non-centralized or decentralized financial system in the world of blockchain and crypto assets. DeFi allows us to pledge crypto assets and acquire other crypto assets.
Meanwhile, Non Fungible Token (NFT) is a token that uses an open auction system that allows art workers and IT developers to sell their work. They get crypto assets as payment. The auction uses an open system, is recorded and is transparent because it adopts blockchain technology.
Both blockchain systems use the Ethereum network a lot. This is why the price of Ethereum has continued to increase from the beginning of the year.
Interestingly, even though it is already at its highest level, the Ethereum crypto asset price will likely still rise again. Moreover, Ethereum is upgrading or evolving to Ethereum 2.0. Ethereum is going to do a lot of work.
For example, the price of Ethereum’s gas fee is cheaper and the process is without any lags or bugs, making it smoother. Because the upgrade also enlarges the Ethereum network.
In addition, there is also an EIP-1159 upgrade which will occur in the middle of this year. Ethereum will burn or burn to reduce its maximum supply in the future.
Well, for those of you who want to buy Ethereum on Indodax, you can listen to the following methods. For those of you who are not yet a member of Indodax, you can register here.
So, that was the reason why the Ethereum crypto asset reached ATH. Let’s read other interesting articles on Indodax.academy. Watch live streaming Indodax TV 24 hours on the official Indodax youtube channel.