Happy Birthday Ethereum! As The Crypto Celebrates 8th Anniversary Of Launch, Binance's Changpeng Zhao Rues A 'Miss Of A Lifetime'
Portfolio Pulse from Shanthi Rexaline
Ethereum, the second-largest cryptocurrency by market capitalization, celebrates its 8th anniversary. Changpeng Zhao, founder and CEO of Binance, shared a missed opportunity of not investing in Ethereum before its launch. Ethereum, which traded mostly under $1 in its founding year, has seen a 187,666% gain. Despite trading way off its all-time high, Ethereum's recent upgrade to proof-of-stake is expected to push the blockchain network forward.
July 30, 2023 | 8:00 pm
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Ethereum celebrates its 8th anniversary with a significant gain since its launch. Despite trading off its all-time high, the recent upgrade to proof-of-stake could positively impact Ethereum's value.
Ethereum's recent upgrade to proof-of-stake has lowered energy consumption by 99.95%, which could make it more attractive to investors concerned about the environmental impact of cryptocurrencies. This, combined with its significant gain since launch, could drive its value up in the short term.
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