The Ethereum price is up over 50% since the start of the year, which is really impressive considering the market crash triggered by the coronavirus lockdown.
The Ethereum network has some solid fundamentals shining through, that signals ETH could be set for more upwards movement.
With an increasing number of projects being developed on the Etheruem network, serious accredited investors highly interested in it, partnerships with major banks, and an ever blooming DeFi space, it could be time for Ethereum to let the shackles of the last two years go.
Here are 3 signals Ethereum’s time is coming…
ConsenSys and JP Morgan Merger
An announcement of a merger between Ethereum-based software developer Consensys and JP Moragn’s blokchain arm Quorum recently rocked the blockchain space.
Quorum is a blockchain-based network, built on Ethereum, and it currently serves JPM’s decentralized network of more than 300 banks and financial institutions. JP Morgan’s stablecoin JPM Coin will also be built on Quorum, meaning all transactions will be handled on the Ethereum blockchain.
What’s more, with Quorum already utilizing the Ethereum network, it’s expected that JP Morgan will push many of its existing clients to start making use of its blockchain system.
As well as it being an exciting merger for Ethereum, it’s also a very smart move by JP Morgan. By merging with Ethereum’s closest software ally, JP Morgan has been able to pick the brains of Ethereum co-founder Joseph Lubin.
Read More at Ethereum Nexus