Ethereum is rising like foam and has reached a peak of $ 180, although it is stable between $ 160-175, after the Ethereal Summit and the entry of major banks to work with this cryptocurrency.

Right now, at 13:30 p.m., which is when this article began to be written, Ethereum, the Altcoin, is at a value of € 165 and is hovering around 20% of profits. Sure, this will surprise locals and strangers, but there is a reason and it is that the Ethereum-based alliance has seen its ranks swell. The Enterprise Ethereum Alliance (hereinafter EEA), had 30 members at the beginning of this year, but no less than 86 members have been added from all over the planet and among these, Toyota, Deloitte, Samsung SDS and State Street stand out.

This is causing the currency to rise, so much so that it is about to double its valuation in just one week. EEA's objective was to develop a collaborative system of public and private applications and base them on blockchain, to which large corporations such as Intel, BBVA, Santander, Accenture and Microsoft have joined, which injects muscle. The banking entities BBVA and Santander have already recognized that they are finalizing the exchange of these currencies and that it will be shortly, they cannot yet operate with these, but their arrival is very close.

Above all the firms, the German Merck KGaA stands out, which is the oldest pharmaceutical company in the world, also highlights the Trust and Compensation Depository Corporation, which is the largest financial manager on the planet, Infosys is the second largest IT company in India, the Dutch Rabobank, which is one of the most important financial institutions on the planet, and the Mitsubishi UFJ Financial Group, from the Japanese country, which is currently the fourth largest bank in the world.

We currently have a growing adhesion of companies from Europe, Asia and America, in addition to a growing representation from Latin America, where CryptoMKT stands out, which is an exchange house based in Chile and the Technology Center of the CTIC Foundation in Spain. Along with these, financial institutions and technologies have been generated, but in addition to blockchain-based startups, such as the South Korean Coinplug, the French Ledger and the American AlphaPoint.

Julio Raura, Director of the EEA and Director of Innovation and Development at Banco Santander has commented: “The enthusiasm around the EEA is remarkable. Our new members come from diverse industries such as pharmaceutical, mobile, banking, automotive, hardware and management consulting, as well as the startup community driving innovation. It's great to see everyone come together and build the next generation of our economy on Ethereum blockchain solutions. "

WE TALK ABOUT ETHEREUM, THE VIRTUAL CURRENCY OF THE MOMENT AND FOR WHICH BANKS AND COUNTRIES SUSPIRE

We must also highlight an extra piece of information and that is that Bitcoin is above $ 2000 in valuation and Ethereum has approximately half of transactions than Bitcoin at the moment. Bitcoin, for its part, has a lot of muscle and history, but we must highlight something else and that is that this cryptocurrency is in a valuation bubble, something that many experts warn and that could be punctured at any time. When this happens, which should not be in the long term, we will see Ethereum, Dash and Zcash rise significantly.

The bubble that we discussed about Bitcoin, can burst in days or weeks, since the New York Stock Exchange and the US SEC see Ethereum better than Bitcoin and are studying to allow trading with Ethereum before Bitcoin. China is moving in a restrictive framework for Bitcoin, due to its extreme opacity and that with this currency significant amounts of money would be regularizing and other less opaque cryptocurrencies could be adopted. The business movement towards Ethereum is very clear, with banks like the Japanese MUFG and BBVA and Santander, Spanish, but two of the most important banks in the world, together with the Dutch Rabobank among others, mark a clear path.

Ethereal Summit is another factor in the rise of this cryptocurrency. This is because the Ethereum mining system was reported, which has been compensated so that everyone who enters has the same chance as those who take time. What has been done is that they all have the same level of difficulty, which is not currently excessive and is a regulation or modulation that Bitcoin does not allow. Another factor is that you can increase the capitalization of Ethereum or what is the same, you can expand the number of available coins, which started in twelve million Ethereum and has expanded to eighteen million coins, something that Bitcoin does not It allows.