The price of the second largest cryptocurrency fluctuates around $ 1,800 per coin. It has achieved a lot during the current boom. What is currently happening on the market? Here is the news summary!
ETH i BTC - comparison
The second largest cryptocurrency has grown by more than 460% from levels of $ 130 in early January 2020 to around $ 737 at the end of December. While most investors focused only on Bitcoin, Ether then recorded much larger gains in terms of percentages. increases. The New Year turned out to be just as fruitful, the ETH rate increased by nearly 150% to the current price levels of $ 1,800 in less than 2 months! Over the same time range, the BTC price has risen 77% from around $ 28,840 to $ 51,000 today.
The second largest cryptocurrency, however, still lags behind Bitcoin when it comes to market capitalization. It managed to overtake the biggest giants such as Tesla, Facebook or Tencent, and currently ranks 6th among the largest assets in the world - according to assetdash.com.
As for the Ethereum project, it ranks 43rd in the same ranking with a market cap of over USD 206 billion.
The current situation on the Ether chart
Ether currently trades above $ 1,800 per coin. Analysts and investors believe that this cryptocurrency has not yet shown us everything it can do. Increasingly, you hear that the next target for ETH is $ 2,000 per coin. Recently, users have started to massively withdraw their Ethers from exchanges - transferring them to external wallets, as well as blocking them in decentralized finance (DeFi).
The data released a few days ago by the Glassnode platform shows that the number of addresses from at least 10,000 ETH coins has increased within 3 months to a level not seen since May 2019.
