Why the Ethereum ecosystem soared Friday

this Ethereum (Encryption: ETH) Cryptocurrencies were amid huge gains on Friday, accompanied by rising prices that supported the ecosystem. As of 3:10 p.m. ET, the ether coins have risen 13.4% in the past 24 hours.

Ethereum packaged (Encrypted: Wes) It also increased by 13.4%, reflecting the real-time price of Ether. For rewards Lido fixed ether (Encrypted: Stees) At the same time, it rose by 13.4%, again reflecting the price and performance of the base ether coins. this iShares Ether Trust (Nasdaq: Etha) The price is lower, traded at $17.60 per share, rather than $2,341 per coin, but still follows Ether's every move.

There are many reasons for these closely related investment tools to rise. Let's take a look at the three most important price starts.

The most obvious price increase is the general sense of relief in the entire cryptocurrency market. The U.S. economy shows weak signs of recovery today, according to trade talks between Washington and London. This economic optimism base makes many Altcoins dramatically higher, but less support for well-known figures. BitcoinFor example, only a 1.5% increase was published during the same period.

Ether and its Ethereum-based siblings also have other growth momentums.

Image source: Getty Images.

Ethereum blockchain received a long-awaited technological upgrade earlier this week. Pectra upgrades are more than just fast fixed versions. As an important part of the Ethereum 2.0 redesign, Pectra has enhanced the security of the Ethereum blockchain and introduced several new features that simplify the development of Ethereum-based applications. Additionally, it raises the limit on the number of coins that can be stored in one account - making Ethereum easier to manage in large-scale investment accounts.

That's not all. this Coinbase Global The cryptocurrency trading platform has just launched trading of Bitcoin and Ethereum futures 24/7. This is not news, as Coinbase announced the plan when it purchased the cryptocurrency option exchange deribit in March, but it's different when you end up seeing these bullish features.

In the long run, uninterrupted futures trading can help stabilize the Ethereum and Bitcoin markets, especially because big names like Coinbase are running the service.

Ethereum has performed poorly over the past year. Many crypto investors have abandoned the coin due to the rise of competing smart contract systems and the lack of Ethereum innovation. As long as the Ethereum developer community continues to provide significant technological improvements, Friday’s Pectra upgrade can change that narrative. The platform is still considered slow and less efficient Solana or avalancheFor example.

Time will demonstrate how blockchain-based programming market works. Meanwhile, an innovative outbreak like the Pectra upgrade can remind investors that Ethereum is a serious cryptocurrency for a vibrant community. Whether you are investing directly in ether coins, fixed ether tokens that generate interest, or a lower-priced Ishares Ethereum ETF, the long list of planned upgrades should provide some shareholder-friendly returns over the next few years.

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Anders Bylund has positions in Bitcoin, Coinbase Global, Ethereum, Solana and Ishares Ethereum Trust-ishares Ethereum Trust ETFs. Motley Fool has a position and recommends Avalanche, Bitcoin, Coinbase Global, Ethereum and Solana. Motley Fool has a disclosure policy.

Why Friday's Ethereum Ecosystem was originally published by Motley Fool