I've been watching Ethereum's price surge recently and I'm curious about the factors behind its rise. I want to understand what drives Ethereum's value up and whether it's a combination of
market demand, technological advancements, or other reasons.
6 answers
GinsengBoost
Fri Dec 27 2024
ETH is also essential for Dapps, decentralized applications that run on the Ethereum network.
BlockchainVisionary
Fri Dec 27 2024
Ether (ETH) is the digital currency of Ethereum.
StarlitFantasy
Fri Dec 27 2024
Transactions on the
Ethereum platform, such as buying loans and earning interest, require ETH.
Sebastiano
Fri Dec 27 2024
Additionally, ETH is used for purchasing NFTs, non-fungible tokens, which have gained popularity in recent years.
BitcoinBaroness
Fri Dec 27 2024
It serves as a crucial fuel for smart contracts on the platform.