Ethereum Price Hits All Time High of $750 Following Speed Boost

Google+ Pinterest LinkedIn Tumblr +

Ethereum’s price crossed $700 after normalisation of processing fees and transaction speed.

Ethereum’s price surge continued into today as the digital currency topped $700 to reach a high of $750 according to This brought Ethereum’s market capitalization to an astonishing $72.5 bln. However, as Bitcoin mounted a comeback, returning to near-record highs, Ethereum slipped. At press time, Ethereum was trading for $640.

Transaction throughput

The network’s transaction speed and fee normalisation seem to have influenced the prince increase. Co-founder Vitalik Buterin posted on Twitter Wednesday that the Ethereum network surpassed 10 transactions per second for an entire day on Tuesday.

This has brought down unconfirmed, pending transactions considerably. Ethereum and Bitcoin in recent times have been experiencing huge numbers of pending transactions. According to, Ethereum processed a record 828899 Transactions on Tuesday.


In a related development, Donald McIntyre, founder of Etherplan, has congratulated Vitalik Buterin and the entire Ethereum team on the normalisation of Ethereum’s processing speed. In a post on Twitter, he wrote:

Go to Source
Author: Frisco d’Anconia


Comments are closed.

Translate »
escort kayseri escort aydın escort denizli escort çanakkale escort bursa