The demand for Ethereum tokens surged in the wake of its Berlin Hard Fork last week. The upgrade brought forth four Ethereum Improvement Proposals (EIPs) that attempts to solve Ethereum’s gas fees issues while enabling new transaction types atop its blockchain. The aforementioned was said by Petr Kozyakov, a co-founder and CEO of the global payment network, in which he sent to Bitcoinist through mail.
Expecting to bring more Ethereum depositors to its smart contract, the cortex of Berlin is the Ethereum 2.0 Beacon Chain, a proof-of-stake protocol that holds over
Mr. Kozyakov expected that switching to PoS would lead to a supply crisis in the ETH markets. Meanwhile, if the demand for the tokens keeps on increasing, the ETH/USD exchange rate would climb further.
“Ethereum might close above $2,595 before the Thursday close. From that point, its price could either be rejected for technical reasons, or it might continue pushing forward, delving deeper into the unknown.”