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Ethereum Course Exceeds $600 Threshold – Gamers Face New Video Card Shortage and High Prices
Butcher79
Since the beginning of the year, the cryptocurrency has risen in price by 350%
The second largest cryptocurrency by capitalization, Ethereum, continues to grow in price. Today, during trading on the Binance crypto exchange, its price was able to overcome the psychologically important milestone of $600, fixing a daily maximum at around $606. The last time traders saw similar prices for this currency was in May 2018. At the same time, back in January of this year, Ethereum was trading at a price of $125-130. Since then, the currency has risen in price by 350%, and today's growth has amounted to about 12%.
Experts attribute such a jump in the rate to the imminent launch of Ethereum 2.0, for the launch of which investors must block on its contract 524,288 ETH. This caused additional interest in the currency, which provoked a sharp increase in its rate. 
The increase in the cost of Ethereum may negatively affect the prices of custom graphics adapters used in home cryptocurrency mining. There is a misconception among the public that Ethereum 2.0 will end the mining era, but in reality this will not happen immediately.
Practicing miners report that Network 2.0 will be a separate project that will not have a significant impact on Ethereum 1.0 at the beginning. In other words, mining within the first network will continue until the merger of Eth1 and Eth2, which is scheduled for 2022. Until then, mining will continue to affect the prices of video cards.
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