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By Daniel Dob -  May 2, 2017

Since Ethereum launched, the smart contracts platform has had its ups and downs, yet it seems like it is now reaching for the starts. Recent reports indicate that the value of Ether, the crypto-fuel or digital currency of Ethereum has just managed to soar to over $80, and surpass the $7 billion market cap.

This is huge, considering the fact that last year, bitcoin has managed to surpass the $7 billion market cap, and today, its own market cap is above $35 billion. Last night alone, Ether managed to increase 20% in value, from $70 to around $85, thus surpassing its all-time high again.

While economic analysts aren’t yet sure about what encouraged such as increase in the price, it is worth pointing out that there may be several factors involved. One of the main ones would be South Korea, which is showing Ethereum a lot of love. As the people of South Korea have a passion for e-sports, it seems like through its smart contracts, Ethereum can provide more transparency in video games, while also reducing the amount of cheating that can take place.

Not only this, but South Korea is also robotically-advanced, and Ethereum could provide further possibilities in this market, by allowing robots to hold, transfer and even accept value. In return, this will help add an entirely new dimension to the extent of their possibilities, which is great news for the market. Read full article @   https://www.crypto-news.net/ethereum-soars-to-80-and-is-ready-to-adopt-proof-of-stake-protocol/