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Why Ethereum Popped 4.9% Today

TheMotleyFool

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There was more excitement in the world of Ethereum (CRYPTO: ETH) today as a long-awaited upgrade moved a little closer. The value of Ethereum jumped as much as 4.9% in the last 24 hours and as of 3:10 p.m. ET the cryptocurrency was up 3.2% and hovering over the $4,000 mark.

Ethereum opened the Kintsugi testnet to the public on Monday and that has made investors more bullish on this cryptocurrency. Kintsugi is the testnet that runs on proof of stake rather than proof of work, which should bring with it lower transaction costs and a faster network overall.

Image source: Getty Images.

Source Fool.com

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