After drowning in red for a week, cryptocurrency prices picked up steam on Friday morning.
Ethereum had weathered the storm better than most, yet it also climbed on the renewed sense of optimism. ETH prices jumped 4.33% against the U.S. dollar, putting the Ethereum to USD exchange rate at $1,255.57.
Since there is relative calm in the market, I want to use today's Ethereum news update to talk about an important underappreciated tailwind for ETH. It is known as the "Fat Protocol Theory."
Bitcoin is often referred to as the forefather of cryptocurrencies, but Ethereum is more aptly described as the foundation layer of cryptos. Hundreds of.
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