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What is behind the sharp jump in the course Ethereum

Ethereum faces consecutive deflationary issuance week

Over the past 24 hours, Ethereum has jumped by more than 10%, reaching $ 137, making it the absolute growth leader in the TOP-10 cryptocurrency with the highest capitalization. At the same time, Altcoin trading volumes increased by 43%, to $ 4.9 billion. According to analysts, several factors could affect the growth of the ether.

Next week, February 27, will be held hardfork altcoin Constantinople, this is an important update in the network of cryptocurrency, which will take place without splitting the blockchain, so new tokens will not appear. Initially, it was supposed to take place last fall, but it was postponed several times due to the vulnerabilities found.

In mid-February, another bug was found, due to which hardfork could be postponed again. Last Friday, Ethereum developers, including the coin's creator Vitalik Buterin, held a video conference, during which they decided that the malfunction does not pose a serious threat.


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