ETH

The colossal whale's movement has since captured the attention of investors, with some speculating that it could be dumped before The Merge.

Following the completion of all the testnets, the core developers have released a tentative for the Ethereum Merge.

The third and final Ethereum testnet merge is finally live on the Goerli, with expected mainnet Merge to occur next month.

As Ether prices stays below $2,000, the gas fee on the Ethereum network has declined to record lows and, as of 10:33 pm ET, the average fee is 27 gwei ($1.13).

Last year, Forbes estimated that the total wealth of the Russian-born Canadian computer whiz was around $1.46 billion

Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock's ticking.

Dorsey engages in crypto tweets regularly. Last year, he affirmed musician Cardi B that crypto will take over the dollar. 

"I would strongly suggest not investing more in mining equipment at this point," Ethereum Foundation dev Tim Beiko said.

Crypto analysts and enthusiasts on Twitter are also excited about the upward movement. 

“It’s deflationary. The use cases are through the roof. It’s just all the stars are lining up for Ethereum in my opinion right now," Bill Barhydt, the CEO of cryptocurrency trading platform Abra, said.

The move comes as a further step in the company's strategy to make the use of cryptocurrencies more mainstream. 

"I want to wish everyone security, although I know that there will be no security," Buterin said in a recent tweet.

A Twitter spokesperson said that the feature is available for all users who agree to the company's tipping policy. Users can tip with ETH and ERC-20 tokens (including Ethereum-based stablecoins). 

Industry watchers, investors and cryptocurrency fans speculate that a comeback for Ethereum could be underway.

The report is not a buying/selling recommendation on Ethereum

Newer blockchains including Solana, Wax, or Tezos, are attracting NFT developers with lower transaction fees, analysts noted.

Ethereum enjoyed an all-time high in November 2021 when it was valued at $4,870.

While the logistics appeared to check out in theory, some cryptocurrency miners said using Tesla cars to earn the digital tokens was "hardly worth it."

All of the major smart contract use cases now reside on Ethereum.

The Ethereum network saw a drop in gas fees (at $17.14) after the token reached $4,800, providing relief to traders.

Ethereum, the second most popular cryptocurrency, could nearly double from its current value to hit $8k by end of this year, investment bank Goldman Sachs said in a research note.