Investing.com | Editor Venkatesh Jartarkar
Published Nov 12, 2023 01:39AM ET
Following the filing of an Ethereum Exchange Traded Fund (ETF) by investment giant BlackRock (NYSE:BLK), the cryptocurrency market witnessed a significant uptick in Ethereum’s native token, ETH, which soared past the $2,000 mark. This rally, occurring on Thursday, sparked discussions about the potential onset of an altcoin season, as traders and investors rallied around the second-largest cryptocurrency by market capitalization.
The surge in ETH price coincided with a marked increase in Ethereum’s network activity. On Friday, Eric Smith from 401 Financials highlighted that Ethereum’s daily revenue reached a notable high of $10 million for the first time since July. This milestone was indicative of heightened network usage and was…
