ETHEREUM price rises have surpassed April expectation with the value soaring close to the $700 mark. Will Ethereum hit $700 today? What is the price of Ethereum?

Ethereum price news: Will Ethereum hit $700? What is the price of Ether?

The crypto market had a positive result this morning. The Ethereum price rose with 7.20 percent trading at $680 at 9 am. Bitcoin is still the leader on the market, trading at $9,258.

 

Will Ethereum price hit $700?

The price of Ethereum has changed a lot this week. The Ethereum is the second crypto in the market cap.

April was a bad month for the crypto market, until has finished the US tax deadline.

Fundstrat CEO predicted US traders were in debt with the taxman $150billion in tax obligations. The people that have sold crypto could have paid the bill. Even though, the crypto market has survived.

Ethereum was also boosted with the news that developers have published an improvement plan to iron out issues.

The proposal aims to change how miners are categorized for the Ethereum they mine.

The more Bitcoin or altcoin a miner owns, the more power he has. The miners have the ability t validate or block transactions according to how many coins they have.

PoS is designated to validate all transactions on the chain. This improves the experience for the users and make it more accountable.

According to Ethereum News, the update is “possibly the most significant” change to the network to date.

This will save energy and make it a level playing field for miners.

The transition is hoped to ease efficiency and make the cryptocurrency more accessible.

Ethereum prices were also boosted with the suggestion it is more decentralized than bitcoin.

In relation to the study, Mr Sirer said: “The data shows the [Ethereum] nodes, both in the latency space as well as geographically are more distributed around the world. Ethereum nodes tend to come from all sorts of places, smaller networks, and homegrown entities, as opposed to Bitcoin nodes, which tend to be located in data centres. Our study found that the majority of Bitcoin nodes, 56 percent, are in data centres.”