Ethereum Rises Above $ 500, And The Network Hashrate Reaches A Record

Ethereum Rises Above $ 500, And The Network Hashrate Reaches A Record

On November 20, the Ethereum rate for the first time in the past 2.5 years passed the $ 500 mark. The day before, miners also noted an increase in the hash rate in the cryptocurrency network to a historic maximum.

The last time the ETH price was at such a high level was in June 2020. Despite a slight daily gain of 5.2%, the breaking of the psychological barrier by the leading altcoin has encouraged traders and investors. At the time of publication, the token is trading at $ 516.

Since the beginning of the year, the price of ether has almost quadrupled, rising from $ 130. During the same time, the bitcoin rate has grown 2.5 times and is now a few steps from the historical maximum.

The positive price dynamics on the eve attracted the attention of miners, who connected new computing power to the network, increasing the hash rate to a record 256 Tx / s.

, Shutterstock, chart: TradingView

Ethereum Rises Above $ 500, And The Network Hashrate Reaches A Record

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