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The Ethereum Ecosystem is on 🔥🔥🔥🔥🔥🔥🔥

$ETH breaks New All Time High!!!

$
ETH > $3,200

Big New from the Ethereum EcoSystem.

$ETH the network native coin has reached a new All Time High passing the $3,000 USD mark.

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The Ethereum ecosystem is growing rapidly, crossing the $350B Market Cap, leaving dust to the likes of Bank of America & Disney.


$ETH is the network's native currency and the driving force behind this multi-use platform.


The Ethereum ‘white Paper’ was published by its founder Vitalik Buterin in 2013. The project was crowdfunded and went live on July 30, 2015.


Ethereum is a decentralized, open-source blockchain that supports smart contracts, a feature that expanded cryptocurrencies' case use to a whole new dimension. The development of smart contracts has led to the formation & rise of a new financial sector to revolutionize the global financial market. A smart contract is basically a set of rules that resides on the blockchain and run processes accordingly.

‘Decentralized Finance’ is the hottest thing in Crypto during the current bull run, surpassing $70B in total value locked on the various DeFi project currently in existence.



Ethereum Use Cases:
* Decentralized Finance (DeFi)
* Decentralized Autonomous Organizations (DAOs)
* Non-Fungible Tokens (NFT)- Ownership & Authentication
* International Transactions


The network has been going through drastic changes this year with the introduction of Ethereum 2.0, which marks the change from a Proof-of-Work to a Proof-of-Stake network.



Ethereum has seen great institutional support in the last few months, with many experts seeing Ethereum flipping Bitcoin in Market Cap before the year 2025.

Canadian Regulators Approve three Ethereum ETF’s

Purpose Investments, Evolve ETFs & CI Global Asset Management will start trading next week on the Toronto stock market.

Two month after the approval of Purpose Investments Inc. ‘Purpose Bitcoin ETF’, the first Bitcoin Exchange Traded Fund in North America, Canadian regulators approve the first three Ethereum ETF’s which will be traded starting next week on the Toronto Stock Exchange.

‘Purpose Bitcoin ETF’ is a proven success, currently holding $1.43B worth of $BTC in just two months of activity.

The cryptocurrency community has been waiting for crypto investment tools for many years, but it seems the Canadian regulators are paving the way for other countries, especially the USA to follow.

Ethereum is the second largest asset class with a current market cap of over $261B.

The Ethereum eco-system has been praised lately by institutional investors, and is said to beat Bitcoin, in market capitalisation by the year 2025.

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