Cryptocurrency Ethereum has risen by 26% in 3 days

The value of the Ethereum cryptocurrency has increased by 26% in 3 days — all thanks to the announcement of the preliminary date of the transition to the «green» blockchain (Proof-of-Stake).

According to CoinMarketCap, in addition to the 26% growth of the world’s second largest cryptocurrency (ETH), Ethereum, which was trading for $ 1610 at the time, the value of Ethereum’s hard fork, Ethereum Classic (ETC), also increased, rising by 19% over the past day — ETC was trading for $ 27.

At the time of writing, Ethereum is trading at $ 1536, and Ethereum Classic is trading at $ 25.4. During an online conference, Ethereum’s chief developer Tim Bako named September 19 as the day when the «merger» could take place, and other developers agreed with this date. The final test is to take place on the Goerli network, which is scheduled for the second week of August. The exact date of the transition will depend on the results. The transition of Ethereum to a PoS network is expected to reduce energy consumption by 99%.