Ethereum (ETH) sees a sharp increase in price, breaking $2,900 on Monday. This sparks new excitement in the community, particularly in light of the upcoming Dencun upgrade. This increase is in response to co-founder of Ethereum Vitalik Buterin’s recent remarks regarding artificial intelligence (AI) and its possible uses in the cryptocurrency space.
Ethereum creator Vitalik Buterin has been actively investigating artificial intelligence (AI) and talking about its benefits and drawbacks. He recently explored the relationship between AI and cryptocurrencies, outlining potential uses and related dangers. Buterin shared his excitement in artificial intelligence in a blog post on February 19. The AI-assisted formal verification of code and bug identification is one such application that caught his attention. He believes AI will revolutionize the bug-fixing process, citing code problems as ETH’s current biggest technical obstacle.
“One application of AI that I am excited about is AI-assisted formal verification of code and bug finding. Right now ethereum’s biggest technical risk probably is bugs in code, and anything that could significantly change the game on that would be amazing,” said Buterin.
The price of ETH reached $2,900, up 3% over the previous day. $2,780 is the 24-hour low and $2,902 is the 24-hour high. Additionally, the trading volume has surged by more than 30% in the past day, suggesting that traders are becoming more interested. Analysts forecast that Ethereum will rise above $3,000 with ease.
End-of-February Ethereum (ETH) Price Insights
Changelly’s cryptocurrency analysts have offered their predictions on the price of ETH by the end of February. Their analysis predicts that the price of ETH will average $2,930 and vary from a minimum of $2,880 to a maximum of $2,960. However, these predictions suggest that ETH might hit $3,000 in March.
The excitement surrounding an ETH ETF and a noteworthy upgrade are responsible for the recent spike in Ethereum’s price. Over the last week, Ethereum has experienced a noteworthy surge of around fifteen percent. The possibility of ETH hitting $3,000 is becoming more likely.