Ethereum Exchange Hits a New All Time High!!

Ethereum on Tuesday started of with $480 and quickly by the evening added to reach a all time high of $639 as per coingecko. Year 2017 has paid out a lot to the investors with still a few more weeks to end the year.Over the past few weeks, Bitcoin has broken all the records. This made people looking forward to cryptocurrency, doubt if alternative cryptocurrency would take a similar rise over time. In the case of the Ethereum price, it’s looked pretty solid in the recent months.

Ethereum began 2017 at less than $10, but it has been on a remarkable growth in recent months: It crossed $300 mark in October and touched $639 for the first time in about two months later, according to coingecko data.

Source: coingecko

Ethereum has further achieved the position as the world’s second-largest cryptocurrency by market capitalization. If you’re looking to invest in Ethereum;

  • This is the first time its cap has surpassed US$61 billion, and things are just getting started, by the look of things. While the current Ethereum price of US$639 might seem high, it may very well appear small when we look back on things a year from now.

Over the past few months, the Ethereum price has shown spectacular growth. After struggling for momentum at the US$450 level, things picked up very well in the past 24 hours. Thanks to solid gains against both the US dollar and BTC, Ethereum has continued to surprise me keeping in mind it’s continued growth over the past year. As expected, there is a ton of fresh money pouring into cryptocurrency right now in general. It’ll be very interesting to keep an eye on Ethereum in the coming days.

How high the Ethereum price can go is not easy to guess at this point of time.The Ethereum price may very well cross a few more hundred USD in the next few days down the line. At the same time, cryptocurrency markets remain utterly unpredictable, and reversals are equally dramatic as any price increase. How things will play out remains to be determined, but the signs are pretty positive right now.

 

Disclaimer: Trading is a highly risky activity. Do consult your financial advisor before making any decisions. Cyberncipher will not be responsible for any trading decisions.

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