It hasn’t been going well in the world of cryptocurrency this year.
Crypto prices begins to dropped since February this year after surprised surge in price last year.
The Father of all cryptocurrency, Bitcoin which went High to $60,000 dropped to $30,000 March this year 2022.
Later the price of Bitcoin rise, hits $40,000.
The prices again dropped to $20,000 May this year, the prices stays at $20,000 with little fluctuations to $23,000.
As at the time this post is been compiled, Bitcoins current price is $23,123.
After all the crash, and fluctuations, their strong Indications that crypto markets is about to recover.
The recovery may be do to Ethereum rebranding.
Ethereum has proposes to rebrand it Blockchain over alleged high gas fees.
According to the report, the rebranding will reduce the exccess high gas fees witness when trading Ethereum.
Probably, the launch is expected to take place on September this year.
If the Ethereum finally release it new brand as promised, that will going effect cryptocurrency markets positively, because many people who couldn’t afford to buy Ethereum do to it high gas fees will now be able to invest in the coins.