Ethereum, the first Altcoin in terms of market capitalization, reached an intraday high of $ 1,439, before retracing a little below: just touching the historical record that has stood since the beginning of 2018.
After the misstep at the beginning of the year, when a sudden bearish trend had sent the entire cryptocurrency sector into negative territory, Ethereum started running again until it reached an intraday high of $ 1,439, just below the all-time high reached in early 2018 ($ 1,448).
Ethereum, first Altcoin by market capitalization, then retraced slightly below: at the time of writing, the cryptocurrency is trading at $ 1,430, for a positive percentage change of 13.4% today.
Ethereum close to all-time highs
In the last year the spotlight has rarely turned off on Bitcoin, the cryptocurrency created in 2009 by Satoshi Nakamoto (or whoever hides behind this pseudonym) capable of flying over $ 40,000 (but volatility is now high).
Deserves the honor of the news, however, the latest thrust of Ethereum, the native currency of the homonymous decentralized platform created by Russian programmer Vitalik Buterin, one of the scroungers of the new digital economy: already before Altcoin in terms of market cap, the cryptocurrency has returned to the levels of early 2018, when the first stirrings of that bubble that would soon have deflated the entire sector of virtual currencies were not yet heard.
Benefiting from the bullish factors that have fueled the cryptocurrency rush for months, such as the growing interest of international hedge funds and the gradual opening of online payment giants to digital wallets, but also from the transition to Ethereum 2.0, the upgrade of the platform that has with the conversion to proof of stake, the virtual currency is back in orbit, only a few feet from the peaks of three years ago. But this time, analysts swear, the rally is going to last.
Record Ethereum in the last year: + 761%
The latest tear forward by Ethereum, moreover, is not surprising: after losing ground following the sell-off that had stunned the markets last March, the crypto quickly regained its share, but without those sudden accelerations that have accompanied the Bitcoin listing far beyond its historical record.
In the last month, however, the step has become more decisive: despite the high volatility, Ethereum recorded an increase of 95.8% in these first days of the year, which translates into a positive percentage change of 761% in twelve months. Now, for new stretches, it might just be a matter of time.
N.B. The percentage and cash values in the article are to be defined as true at the time of writing the article. The current price of Ethereum updated in real time can be found in the box below:
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