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Crypto Weekly Market Analysis: 09.03.2021

David Derhy, analyst, eToro: Ethereum prices rebound with proposals set to change gas fees 
Ethereum prices rocketed back above $1,700 over the weekend, hitting a multi-week high after a major upgrade to the network was announced. 
The Ethereum Improvement Proposal 1559 will be implemented as part of the planned  London hard fork coming this July for the network and will see a major shift in the way users transact. 
Currently, users pay a gas fee to a miner for a transaction to be included in a block, which makes up a substantial part of miners’ overall income. 
However, under the new proposals – which have gathered support from users and application creators – gas fees will be sent to the network instead of in a new fee structure called a “base fee”. Miners will only be given an optional tip by users, with the base fee set by an algorithm and thus easier for users to understand and check if they are paying a fair fee or not. 
Ethereum and bitcoin prices have both bounced over the weekend amid the news and the latest expectations of further government stimulus. Ethereum climbed to a peak of $1,739  before pulling back marginally to trade around $1,683 this morning, while bitcoin also jumped to a multi-day high above $51,000 before settling just under $50,000 this morning. 
Simon Peters, analyst, eToro: Cardano hard fork completes successfully as price rockets 
The Mary hardfork was successfully completed on the Cardano mainnet last week, with tokens now being created on the Cardano blockchain. A big …
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