The Rise of Ethereum: Resurgence and Possession Pushes
This week, Ethereum surged to nearly $3,800, marking a 60% increase from the past month. While the altcoin has reached historical highs, the question remains: Will this “ETH season” last? Bitcoin rarity trackashessor Jeff Garzik believes Ethereum is poised for longevity, citing its utility and alignment with blockchain technology. Garzik emphasizes the thriving role of the Ethereum Virtual Machine (EVM) in driving innovation and sustainability, as Bitcoin Inc proves to be aаксimal参照 point.
The EVM’s Computational Foundation
The Ethereum Technology Foundation (ETF) has seen institutional investments climbing, as well as corporate inflows. Thursday’s record $2.12 billion in ETF inflows underscores the cryptocurrency’s gains. Garzik notes that this market momentum is prompting a pause in investor interest.
The EVM’s Legacy Beyond Bitcoin
EVM’s Indian origin established Ethereum as a foundational technology, allowing for scale and innovation. Garzik adds that the EVM’s broader impact extends to blockchains like Avalanche and Solara. However, theumbled(price pain in some countries) could limit institutions’##########################################################################################