On Friday, October 29, the price of the second-largest cryptocurrency by capitalization, Ethereum renewed its all-time high, exceeding the $4400 mark.
Over the past 24 hours, ETH has increased by 8.2%, according to CoinGecko. Currently, ETH is trading at $4339 with a market cap of $513.6 billion.
On October 27, Ethereum 2.0 developer Preston Wanlong announced a successful upgrade to the Beacon Chain called Altair.
Altair has activated successfully! ?
— prestonvanloon.eth (@preston_vanloon) October 27, 2021
Because of the recent update, ETH was able to make an all-time high because Altair upgrade to the Beacon Chain was recognized as an essential factor that clear the way to the merge with the proof-of-stake (PoS) mechanism and Ethereum main net in Eth 2.0.
Recall that billionaire Mark Cuban said that Ethereum has the largest investment potential among the leading digital assets.
The founder of the second-largest cryptocurrency by capitalization, Vitalik Buterin, admitted the superiority of his project over bitcoin in many ways.