Ethereum increased in value by 8% in 24 hours

Over the past day, the capitalization value of Ethereum increased by 8%, reaching a mark of 2.7 thousand dollars. This is a text from community C​ryptoDeFix. During the week the value of Ethereum increased by 17%. First of all, such price growth is associated with the release of the next update London and the transition of the cryptocurrency to the protocol 2.0.

The London update will be released on August 5 and will allow scaling the original Ethereum blockchain with user-friendliness. Version 2.0 will shift from Proof-of-Work (PoW) consensus class to Proof-of-Stake (PoS), and token burning will be added to Ethereum.