While Bitcoin (BTC) has been taking the bulk of the attention in the ongoing crypto market rally, Ethereum (ETH) has been far from idle.
Not only has it seen a major price increase through the previous months that has taken ETH to highs not seen since late 2021, but the development team has continued actively rolling out upgrades.
The most recent of these, the Dencun upgrade, went live on Wednesday, March 13, and is primarily aimed at bolstering the efficiency of the blockchain’s mechanisms for storing information with the ultimate goal of drastically reducing gas fees.
Can ETH hit $5k after the Dencun upgrade?
While the Dencun upgrade has been highly anticipated, it is only the latest in the string of developments expected to help propel Ethereum to $5,000.
The world’s second cryptocurrency is well-positioned to soon test a new all-time high both due to the technical improvement and the pending spot Ethereum exchange-traded fund (ETF) decision – with the chances
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