Ethereum cryptocurrency has grown 16 times since March last year and set a new record

On Tuesday, the price of the second largest cryptocurrency, Ethereum (ETH, ether), reached a new all-time high at around $ 1,440.

At about 15:00 Moscow time, the ether rate reached $ 1,439.33, surpassing the previous record high of $ 1,432.88, registered by CoinDesk on January 13, 2018. Over the past day, the digital asset has grown by almost 12%, reaching a new peak.

Cryptocurrency Ethereum surpassed its previous peak almost two months after Bitcoin hit its record price in December 2017, reaching a new high above $ 41,900 earlier this month.

Ether has outpaced Bitcoin in terms of growth rates. Since the beginning of the year, its price has increased by 92%, while the bitcoin rate has grown by 27% over this period. Ether has grown more than 1,000% since its initial public sale in 2015, according to analyst firm Messari. And since March last year, its cost has increased almost 16 times – by 1574%.

The increase in the cost of ether, in addition to the factors that caused the growth of bitcoin (increased investments, economic uncertainty), could be influenced by the addition of futures on it by the Chicago Mercantile Exchange (CME), as well as the launch of the zero phase of Ethereum 2.0 in December 2020.

The result of the rise in the ether rate was another increase in the profitability of mining on video cards. At the moment, one GeForce RTX 3080 can bring its owner about $ 8 per day.

According to the forecast of the managing partner of the Moonrool Capital fund Simon Dedich, the cost of ether may double after the renewal of the all-time high – to about $ 3 thousand.

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Source: 3DNews – все новости сайта by

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