According to analysts, the amendment called Ethereum Improvement Proposal (EIP) 1559 is similar to the so-called “bitcoin halving”, in which the supply of bitcoin coins is reduced at regular intervals.
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Following the changes, the so-called etherea miners will be clearer about the etherere fees they receive for verifying transactions. EIP is part of a software modification called London. Miners and developers must download London if they want to stay connected to the network.
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According to analyst Pankaje Balani from the Delta Exchange trading platform, the market has already reflected the EIP 1559 adjustment in the price of etherea. “The current development of etherea prices will largely correlate with bitcoins. If bitcoin goes back to $ 40,000 and manages to stay there, then we can see the continued growth of etherea and see it test the $ 3,000 mark, ”Balani said. He added that, according to him, ethereum will overcome bitcoin in the long run.
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What is certain, however, is that the exchange rate strengthened significantly after the change. While on Thursday morning one virtual coin was traded for $ 2,467 (CZK 52,970), on Friday morning it was already for $ 2,844 (CZK 61,060). So far, the absolute record was set in May at $ 4,382, which corresponds to CZK 94,080.
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Development of etherea value over the last week
