Ethereum Hits Lowest Valuation Against Bitcoin Since 2021 Amid Gas Fee Reduction Plans
The post Ethereum Hits Lowest Valuation Against Bitcoin Since 2021 Amid Gas Fee Reduction Plans appeared on BitcoinEthereumNews.com.
Ethereum ($ETH) has fallen to its lowest valuation against Bitcoin ($BTC) since April 2021, but co-founder Vitalik Buterin has unveiled plans to turn the tide. BREAKING 🚨: Ethereum $ETH falls to its lowest valuation against Bitcoin $BTC since April 2021 pic.twitter.com/GcIZPtI4ur — Barchart (@Barchart) October 24, 2024 In a recent announcement, Buterin shared his vision to cut gas fees and enhance Ethereum’s transaction speed by 1.5x, aiming to boost efficiency while maintaining the network’s performance. These improvements are expected to make the platform more cost-effective and attractive to users and developers alike. 🚨 BREAKING: VITALIK BUTERIN TO BOOST ETHEREUM TPS BY 1.5X TO CHALLENGE SOLANA Ethereum’s co-founder Vitalik Buterin unveils plans to cut gas fees, enhancing Ethereum’s transaction speed by 1.5x. His proposals aim to improve efficiency without compromising network performance. pic.twitter.com/MAojWbwBMu — JAKE (@JakeGagain) October 24, 2024 In the midst of these developments, an Ethereum ICO participant made headlines after resurfacing following four months of inactivity. Just 23 minutes ago, this whale deposited 3,000 ETH (worth $7.63 million) to the crypto exchange Kraken. Whale Holds Ethereum Since 2015 This whale, who has been holding Ethereum since its ICO in 2015, still holds an impressive 37,070 ETH (worth $94.3 million). Notably, this investor initially received 254,908 ETH during the Genesis block in July 2015, which was valued at just $79K at the time but is now worth $648 million. An #Ethereum ICO participant just returned after 4 months of silence and deposited 3,000 $ETH ($7.63M) to #Kraken 23 minutes ago. Currently, this whale holds 37,070 $ETH ($94.3M). The whale used to receive 254,908 $ETH (then $79K, now $648M) at the Genesis block in July 2015, at… pic.twitter.com/uU5u8Ro8w3 — Spot On Chain (@spotonchain) October 24, 2024 Ethereum also saw notable institutional activity, with Ethereum spot ETFs receiving a net inflow of…
Filed under: News - @ October 25, 2024 8:28 am