Can Ethereum Resume Growth?

Also, the growth in popularity of the second cryptocurrency was influenced by the success of many DeFi projects built on its blockchain. For example, on September 21, the UniLogin platform closed due to high fees on the ETH network.

A similar issue will ultimately await many platforms, so the Ethereum update could give a new breath to the project. It is likely that when the demand and excitement around the new algorithm and DeFi subside, there will be no one to support the rate, and the price may collapse by 40% to the level of $ 200 per coin.

Timeline of Ethereum