Ethereum’s native cryptocurrency ether has jumped to 28-month highs, taking year-to-date gains to nearly 290%.
Apart from the broader market uptrend, Ethereum’s impending transition to proof-of-stake looks to be powering gains in ether, according to Nischal Shetty, CEO of Mumbai-based cryptocurrency exchange WazirX. “The belief is that it’ll lead to a supply shortage of ether,” Shetty said.
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