Lost the Bitcoin Rally? Catch up with eth!

Comments · 400 Views

Lost the Bitcoin Rally? Catch up with eth!

Enthusiasts of the digital currency market had to wait a very long time for Bitcoin to break the ceiling of $ 20,000. Yesterday, that day finally arrived: the most popular cryptocurrency overcame resistance and renewed the record high of December 2017. BTC gained a staggering 9.6% on Wednesday, which is very impressive at current price levels.

In dollar terms, bitcoin added $ 1,863, closing above $ 21,000; the bulls eagerly devoured any available offer. Today, the currency maintained its dynamics and jumped another 6.2% ($ 1,314), again trading at session highs.

If you beat yourself up for not buying Bitcoin for $ 4,000 last March, then you should pay attention to Ethereum - the second largest cryptocurrency. A week ago, we already noted the prospects for ether growth, and a sharp surge in Bitcoin may be a necessary catalyst.

At the time of this writing, Ethereum was trading at nearly $ 663 and a market cap of $ 67 billion, which exceeds that of many public companies. But the lack of physical assets does not prevent traders from focusing on this capitalization.

While all attention was focused on bitcoin, in percentage terms, Ethereum turned out to be more successful, having added 640% from the March low (against a 465% increase in BTC) and continues to grow https://godex.io/exchange/btc-to-eth as seen according to statistics on the site. What's even more remarkable, however, is that Ethereum is trading nearly 60% below its 2018 all-time high.

In addition, the blockchain of this altcoin has recently been updated. The so-called Ethereum 2.0 has made cryptocurrency safer, more efficient, and scalable (and therefore more profitable).

Comments