Parithosh Jayanthi, a developer for the Ethereum Foundation, declared that the “Zhejiang” public testnet will debut on 1 February.
There are several grounds to believe that ETH will once again increase in value, including Visa’s recent announcement that it is testing stablecoin payments on the Ethereum network.
The fall coincided with a market-wide selloff brought on by Kraken’s agreement to stop providing any staking services to US-based clients and its payment of a $30 million settlement to the SEC.ĭespite this setback for the market, Ethereum is still a promising investment due to the altcoin’s daily trading volume of $9,033,374,607 and market cap of $207,785,581,305. The $1,650 mark, however, was confirmed as resistance when the price of the ETH token formed a shooting star candlestick.Īt press time, the price of Ethereum (ETH) was at $1,552, down 5% from yesterday and 6% from one week ago. On 2 February, the increase led to a high of $1,715. The price of Ethereum has been rising quickly since it emerged from a downward resistance line on 11 January.
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