Cryptocurrencies

Ethereum Continues Its Resurgence In The Crypto Economy, Surpassing $1500

Ethereum (ETH) is resuming its mission to prove its doubters wrong by recovering to an impressive price of $1,594.93 at the time of writing.

It’s fair to say that Ethereum, like Bitcoin (BTC), has not had the best of years.

In November 2021, Ethereum peaked at an all-time high of $4,810.07. But from that point onwards it has gradually decreased in value, reaching as low as $993.4 in June.

Nevertheless, November seems to be the month when all cryptocurrencies make their comeback and this year is no different.

Plus, the crypto industry is ever-changing and nothing is beyond the realms of possibility. For example, Big Eyes Coin (BIG), a new meme currency, branded on cute digital cats and saving the oceans, has raised over $9 million during its presale.

Not to mention, securing a Tier 1 CEX Launch which will have a massive head start over other new coins that are trying to scramble their way into the front of the crypto market.

Therefore, for such a highly regarded cryptocurrency like Ethereum, there is no reason why it can’t continue to keep escalating in price and become the extremely lucrative business proposition it once was.

Ethereum Is The King Of Decentralized Applications

Apart from being the second most lucrative crypto, Ethereum plays a massive role in the creation of decentralized applications. With no third-party involvement, developers can use Ethereum to build and deploy smart contracts.

Hence, developers can build apps that maintain the privacy of their users, remove the often compulsory need for censorship, and have easy evolution without approval from centralized authorities.

Ethereum is so powerful that a range of other cryptocurrencies is built on its blockchain.

This includes Big Eyes Coin which proposes to release attractive top ten NFTs and an NFT Sushi Crew marketplace where investors can own adorable items and do other fun activities.

Besides, more established meme coins like Shiba Inu (SHIB) rely on Ethereum to release different types of tokens in its ecosystem like SHIB, BONE, and LEASH.

Ethereum Cares About The Environment

According to a September report, Ethereum completed an upgrade that significantly reduced its carbon footprint by 99.95%. Hence, this is one of the few cryptocurrencies that is actively trying to reduce global warming and save the environment.

It’s no secret that crypto mining is not the most eco-friendly process on the planet. The Digiconomist’s Bitcoin Energy Consumption Index claimed that one Bitcoin transaction requires 1,449-kilowatt hours to complete, the equivalent of 50 days of power for a typical American household.

Big Eyes Coin plans to join Ethereum’s venture to save the planet by donating 5% of its total supply to ocean-saving charities. Thus, those who invest in Big Eyes will passively be doing their bit to clean the oceans and improve the health of fish everywhere.

And by using the code BIG929, investors can gain a bonus on their coin purchase.

Final Thoughts

Due to Ethereum’s importance for developing decentralized applications and its eco-friendly ambitions, it is likely to keep increasing in price and potentially rise above $2000.

Furthermore, with Big Eyes Coin, an Ethereum-based crypto, showcasing immense potential during the presale, this could positively impact Ethereum’s value too.