Ethereum bull run continues, trading at an all-time high of $3,300/₹2,60,000. ETH is sitting at No.2 as per market cap, just below Bitcoin. The bull run isn’t a pump and dump scenario here. Pump and dump happen with a variety of altcoins that come and go. ETH bull run is here to stay and may set major records in the coming months and years. There are a lot of updates on the network that is already happening and phases will make the network way better.
Ethereum’s major concern being Gas fees or transaction charges on the network that creates a lot of issues. Another reason for the bull run is ETH being burn that creates a supply and demand gap. There are a lot of projects bases on the ETH network and many are pumping due to these reasons. At the time of writing, Ethereum (ETH) is trading at $3,325 on Binance and ₹2,60,000 on WazirX.
Coming to other major Cryptocurrency, Bitcoin the world leader in the Crypto market is testing resistance around $56,000 on Binance and ₹44,50,000 on WazirX. Dogecoin, Binance coin, Cardano are other coins that are up to during the Crypto bull run. Bitcoin is also gearing towards another major update called Taproot.
Ethereum (ETH) network will transition into ETH 2.0 in coming years and there are a lot of things to be changed. One Major competition comes in from the Binance coin (BNB). Some major burn event also comes in from Pancake swap (CAKE). Ethereum bull run continues, time will tell if it can take the No.1 spot.
🥞 BIGGEST BURN EVER! 🥞
5,143,789 $CAKE, equivalent to $216,966,407!
🔥 Bought back $7.8M of #CAKE from the market (trading + prediction fees)
🔥 $87,500+ of CAKE from auto-compounding fees.
🔥 $280,000+ of CAKE from NFT+Profiles
Let's make it an even bigger burn next week! pic.twitter.com/9d3ZMDeMME
— PancakeSwap 🥞 #BSC (@PancakeSwap) May 3, 2021