ETH Pumps the Gas

8 Mar, 2021 CryptoParrot

After playing second fiddle to Bitcoin's price and market share for years, Ethereum is planning swings to earn the confidence and profitability of the King of Crypto. But will it be enough to challenge the #1 spot?  

After DeFi went all out on crypto investments in 2020, ETH has remained in the second spot in the crypto world. Not only DeFi, but the clash between gamers and miners due to the ATH prices it has reached and the profitability of its native token Ether had made the asset a part of the crypto buzz across social media.  

The next step for ETH is its plans to take a bigger slice of the market by improving its infrastructure. The new update made by Ethereum's developers will erase one of the token's most prominent issues. Named EI 1559, the update will lock Ether as the only cryptocurrency to be given as a reward for miners - erasing a potentially dangerous loophole that paid miners with other cryptos. Not only that, the update will fix costs of transactions in the blockchain, by erasing some Ether from the network and potentially increasing prices for each ETH.  

Do you think it will be enough to make Ethereum more present in crypto?  


User Avatar


Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]

Related articles

Altcoins Follow the BTC Bull Rush

Bitcoin is not the only crypto making its mark, ETH & XRP have also stepped up to the challenge and have hit an all-time-high of their own.…

2mins 16 Apr, 2021 CryptoParrot
Bitcoin hit a $1 trillion market cap 3.5x faster than Apple, 2x faster than Amazon

Bitcoin's ongoing bull run continues to propel the asset to new levels in return breaking records set by traditional finance sector players.…

2mins 14 Apr, 2021 CryptoParrot
Bitcoin Bulls on the Run Again?

Bitcoin has put on quite the show so far in 2021 with many eying up the $100k. But what's is next for the king of crypto?…

2mins 13 Apr, 2021 CryptoParrot
At least one crypto ATM is installed hourly, total global machines to reach 20k in two months

The remarkable rise of the cryptocurrency sector and the increasing adoption of digital assets continue to attract investors looking for ways to join the digital asset ecosystem.…

2mins 7 Apr, 2021 CryptoParrot
Start trading

Buy & sell Crypto in minutes. Join the world's largest crypto exchange

Learn more


Login to comment