Monday, October 25

Ethereum Updates Against Its Highest Value In Its History

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Ethereum, the world’s second largest volume cryptocurrency, has updated its highest level in history. Ethereum, which rose to the level of $ 4,165 on the first day of the week, continues to make its investors smile.

One of the most talked about cryptocurrencies of the past week Ethereum (ETH) seems to be among the most talked about this week as well. Because the world’s second largest cryptocurrency, gaining around 7 percent in the last 24 hours, $ 4,165 traded at the level. Market volume of Ethereum, which was traded at $ 4.105 as of 12:49, 475 billion dollars has reached the level.

The main reason why Ethereum has soared is the bull that the cryptocurrency markets have been in for a while. rise season. However, the bull season is not the only thing that raises both Bitcoin and other cryptocurrencies so much. Cryptocurrencies, which have started to make themselves accepted in the increasingly digital world, have now become a reality of our lives. Investors, on the other hand, have become difficult to control after the coronavirus pandemic. from inflation to be protected They started investing their money in cryptocurrencies. The total volume of cryptocurrencies traded in the markets today has exceeded $ 2.4 trillion.

Ethereum’s price chart is as follows

Ethereum

In a news we shared with you last week, Ethereum ATHthat is, because it reaches its all-time high we mentioned. In that news, we talked about Ethereum reaching $ 3,470 and valuing 1700 percent in 1 year. Today, he is even higher than that price. investment tool We are faced with. However, it should not be forgotten that this rise will also have a correction, that is, this upward trend will end somewhere and the downtrend will begin.

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Although some cryptocurrency investors are smiling, when we look at the market in general, BitcoinWe see that the fluctuation experienced in Turkey has deeply affected other altcoins. In this context, Bitcoin, the biggest maker of the market, has gained 0.48 percent in the last 24 hours. On a weekly basis 0.70 percent The cryptocurrency, which has fallen by the rate, shakes all of them directly, from Ethereum to the most voluminous crypto currency.

This content is not investment advice.

Source :
https://www.cnbc.com/2021/05/10/ethereum-eth-price-soars-above-4000-for-the-first-time.html

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