Value of ETH in 2023~2024
2024-02-22
Why is the price so high?
- The completion of the [[Shapella]] upgrade, the final step in Ethereum's transition to a [[proof-of-stake]] consensus, has been a significant driver of the price increase, with ether trading over $2,000 after the upgrade.
- (2) [Ether ETH Price Swings Upward After Ethereum Upgrade, but What About the Future?](https://www.coindesk.com/markets/2023/04/13/ether-price-swings-upward-after-ethereum-upgrade-but-what-about-the-future/)
- (4) [Ether hits $2,100 after Shanghai upgrade, bringing 2023 gain above 75%](https://netblogpro.com/2023/04/13/ether-rises-after-the-shanghai-upgrade-bringing-year-to-date-gain-to-more-than-65percent.html)
- Additionally, the emergence of Ethereum as a key blockchain for tokenized real-world assets has increased its utility and attractiveness to investors and institutions, leading to a steady rise in its price.
- (5) [Ethereum Emerges as a Key Blockchain for Tokenized Real-World Assets](https://www.coindesk.com/consensus-magazine/2023/12/21/ethereum-emerges-as-a-key-blockchain-for-tokenized-real-world-assets/)
- Furthermore, the potential for additional liquidity and staking rewards has attracted investors, with a significant amount of ether being staked, representing 15% of ether's total market capitalization.
- (2)
The completion of the Chapera upgrade, the final stage of Ethereum’s transition to proof-of-stake consensus, has been a major driver of the price increase, with post-upgrade Ether trading above $2,000.
(2) Ether ETH price moves up after Ethereum upgrade, but what now?
(4) Ether Reaches $2,100 After Shanghai Upgrade, Over 75% Rise in 2023
Moreover, the emergence of Ethereum as a significant blockchain for tokenized real-world assets has increased its utility and attractiveness to investors and institutional investors, leading to a steady rise in its price.
(5) Ethereum emerges as the leading blockchain for tokenized real-world assets
In addition, the potential for additional liquidity and staking fees has attracted investors, and a large amount of Ether, equivalent to 15% of Ether’s market capitalization, has been staked.
(2)
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