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Why is Ethereum a Shanzhai Coin (Why Ethereum is Surging)

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Why is Ethereum a Shanzhai Coin? Why is Ethereum considered a cryptocurrency? W

Why is Ethereum a Shanzhai Coin (Why Ethereum is Surging)

Why is Ethereum a Shanzhai Coin? Why is Ethereum considered a cryptocurrency? We can find out from the following image.

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Why is Ethereum Surging

After Ethereum’s price continued to break historical highs, market sentiment began to show signs of recovery. According to data from Coinmarketcap, as of the time of writing, Bitcoin has a market value of approximately $900 million, accounting for around 10% of the entire cryptocurrency market. In the second place is Ethereum, reaching its highest market value in nearly two years. On November 19, 2020, with the approaching upgrade to Ethereum 2.0, the surge in Ethereum network transaction fees, and the rise of DeFi tokens, the price of ETH also experienced a significant rebound. The current market seems to be entering a consolidation phase, with Ethereum recently surpassing the $400 mark in terms of recent hours of growth, which is very attractive for Ethereum.

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