Market Commentary On Today's Spike In The Ethereum Price Above $500, Paolo Ardoino, CTO, Bitfinex

“Ethereum's touching $500 for the first time since June 2018 represents a significant milestone. Ethereum’s up and coming transition to proof-of-stake is being closely watched. Today’s strong price performance underlines a mood of optimism that seems to be lifting the crypto space. While bitcoin is the undisputed king of crypto, the flourishing Ethereum community is alive with many possibilities. The price of ETH should not be ignored.”