Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon
This has been said for forever, still nothing. I doubt anything will change.
LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!
Yep.
"Arbeit macht frei."
"Work is worship."
"Work work." -Orc Peon
If the product isn't backed by work, it is worthless...
PoS is no any different than owning many real estates and renting them away.
But...
If nobody works... who'll fucking rent the houses??
Fuuuuuuuuuuuuuuuck! Stewpid vitalik.
PoS = RE bubble = ponzi