Ethereum has risen in price by more than 10% per day
The largest altcoin in terms of capitalization has risen in price by 11% over the past day and rose above $ 1340. Cryptocurrency Growth Less Than 8% Before Record Update.
On Tuesday, January 19, the Ethereum rate on the Binance crypto exchange reached $ 1345, it approached the all-time high of $ 1440, set in early 2018. Over the past day, the cryptocurrency has increased in price by 11%, until the record level is updated, it remains to rise in price by less than 8%.
Ethereum’s share of the digital money market is currently 14.4% with an asset capitalization of $ 150.8 billion and a daily trading volume of $ 37.5 billion, according to Coingecko. On January 10, Ether reached a three-year high of $ 1,348, after which its price fell to $ 915, but recovered to its previous levels.
Over the year, the altcoin rate has grown by more than 600%, one of the most important events for it was the launch of the zero phase of Ethereum 2.0, which was expected for more than a year. Investors can already transfer their coins to a special deposit contract, but withdrawals will only become available after the update reaches phase 1.5, the exact timing of which is unknown.
Also on February 8, the Chicago Mercantile Exchange (CME) will add Ethereum futures. The new product is awaiting assessment by the financial regulator. The reason for adding the instrument was the growing demand for crypto derivatives.
Earlier, the managing partner of the Moonrook Capital fund Simon Dedich predicted that the Ethereum rate could skyrocket to $ 3 thousand. Dedic suggested that the value of the altcoin would double after it hit the all-time high of $ 1440.