The crypto market is presently seeing a very crazy bullish momentum, and the digital assets are not taking easy. At this time, there are about a dozen digital assets that have seen new all-time high record prices. Leading the pack is the famous crypto and leading digital asset in the market, Bitcoin, after it made it move into the $63,000 price mark.
With the way things are going, it is looking like Bitcoin is not the only one leading the bullish party as Ethereum has since made its entrance after moving to a new price of $2,400 in the early hours or today. Even though the asset has seen a slight decline to register a price around $2,390, it is still raring to go and might touch another all-time high before nightfall.
Ethereum is gearing up for the Berlin upgrade
As it stands, Ethereum is scheduled to go through a new upgrade after the blockchain completes block 12,244,000. Even though the block is still slightly away from the target point, it is safe to note that it is still inching towards the market figure. If the time it takes to mine a block is considered, it would be April 15 at 12 pm UTC before the upgrade occurs.
The upgrade, known as Berlin, would seek to resolve the cost efficiency and some other issues on the Ethereum network. Ethereum saw its price enter the $2,397 region, which was reported by various exchanges but has soon seen a slight decline to move a little below that.
At this time, the coin has recorded a profit of 4.54% in the last 24 hours, signaling further jumps before the end of today. In the last quarter, Ethereum has touched a new 110%, a figure that would be commendable, was the market not in a massive bullish run.
The hard fork will not create another token
The upgrade that is set to happen: The Berlin Upgrade is a hard fork that is irreversible, the company has said. The hard fork is said to be a non-contentious one, which means that the hard fork would not lead to another coin’s formation. A previous hard fork birthed the Ethereum Classic token.
While traders would have nothing much to worry about, miners and node operation have been told that they would have to upgrade their software. This is to enable them to access the updated version of the chain.
A data that was gotten from ethernodes.org has shown that about 72% of the clients on the Ethereum blockchain are ready for the Berlin Upgrade. Ethereum has continued to grow, with some analysts saying that the rise is due to the scheduled upgrade.
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