Meteoric Rise: Ethereum’s Mesmerizing 285% YTD Returns Send ETH Soaring Above $500 For First Time Since 2018

Meteoric Rise: Ethereum’s Mesmerizing 285% YTD Returns Send ETH Soaring Above $500 For First Time Since 2018
фото показано с : zycrypto.com

2020-11-23 09:08

Ethereum is in the midst of a parabolic rally. The second-largest cryptocurrency has breached the $500 hurdle for the first time since 2018 and is up over 280% year-to-date.

Ethereum’s jump to 28-month highs comes as alternative cryptocurrencies (also known as altcoins) stage a recovery from the lackluster performance. Above $500, there’s now very little stopping ethereum from printing new historic highs.

ETH Jumps Above $500 For First Time In Two And A Half Years

Ethereum surged past $500 on Friday for the first time since July of 2018. At press time, ETH is trading at $508.24 after gaining 7.06% in the past 24 hours. In fact, the altcoin has outperformed bitcoin. The flagship cryptocurrency has risen 2.72%. Additionally, ETH has generated a 285% return for investors since the start of the year, while BTC has managed a 154% gain on the year so far.

Ethereum has been in the spotlight in recent months as the crypto community awaits the launch of ETH 2.0 on December 1, an upgrade that is believed to be the solution to the ethereum network’s persistent scaling issues. As the transition to a proof-of-stake consensus mechanism draws closer, the ethereum price has continued to increase significantly.

Besides the imminent ETH 2.0 mainnet release, the price of ethereum is also being boosted by the resurgence of the DeFi market. DeFi tokens and the amount of capital pumped into DeFi projects have been slowly making a comeback after cooling off in Q3 2020. As DeFi picks up again, the market sentiment around ethereum has dramatically increased.

Nonetheless, ethereum will have to surge at least 183% if it wants to retest its old all-time high set in January 2018. Bitcoin, on the other hand only needs a 10% appreciation in order to break past its ATH. 

Notably, other altcoins are also seeing significant gains alongside ETH’s move above $500. For instance, XRP has gained 5.51% to trade above $0.31. Chainlink (LINK) is up 5.13% on the day and Polkadot (DOT) has increased by 13.41% over the same time frame.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3785.65 (-0.11%)
Объем 24H $11.052b
Изменеия 24h: -0.88 %, 7d: -1.52 %
Cегодня L: $3782.14 - H: $3789.78
Капитализация $454.822b Rank 2
Цена в час новости $ 590.91 (540.65%)

ethereum 500 time above 2018 alternative cryptocurrencies

Источник: zycrypto.com

ethereum 500 → Результатов: 126


Фото:

The Ethereum Investment Case Has This Unexpected Achilles’ Heel

With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see ETH > $7,500. To the mainstream ETH will be […]

2020-6-15 13:00


Виталик Бутерин предложил масштабировать эфириум с помощью технологии Zcash

Виталик Бутерин планирует увеличить количество транзакций в сети эфириума на 3200% (до приблизительно 500 транзакций в секунду) без использования технологий второго уровня, таких как Plasma. В своей публикации на форуме Ethereum Research сооснователь проекта отметил, что эфириум может позаим...

2018-9-25 10:47


Фото:

How Zcash Could Help Scale Ethereum Up To 500 Transactions Per Second

Scalability problems plague Ethereum. Often, the Ethereum blockchain is clogged and slow, hardly a surprise given how many projects exist on the Ethereum blockchain though. There could be a new solution within some new practices that have been pioneered within the Zcash network, according to Coindesk: “A form of cryptography pioneered by zcash might help scale ethereum, founder of the platform Vitalik Buterin said on a research forum Saturday.

2018-9-24 18:00


Виталик Бутерин: технология zk-SNARK может помочь масштабировать Ethereum

Технология zk-SNARK, созданная разработчиками Zcash, может помочь масштабировать Ethereum. Об этом заявил сооснователь платформы Виталик Бутерин на исследовательском форуме, прошедшем на днях. По его мнению, используя zk-SNARKs, Ethereum можно масштабировать до 500 транзакций в секунду, не прибегая к решениям второго уровня, таким как Plasma или Raiden.

2018-9-24 17:25


500 транзакций в секунду: Бутерин заявил, что zk-snarks поможет масштабированию Ethereum

Технология, представленная в криптовалюте ZCash, может помочь Ethereum масштабироваться, пишет CoinDesk со ссылкой на заявление основателя платформы Виталика Бутерина. По словам Бутерина, благодаря технологии zk-snarks Ethereum может масштабироваться «до огромных размеров» и обрабатывать до 500 транзакций в секунду без необходимости прибегать к решениям второго уровня, таким как Plasma или Raiden.

2018-9-24 17:10


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Ethereum’s Latest US Spot ETF Approval Priced In? Experts Weigh In

The crypto market is buzzing with the recent approvals of Ethereum ETFs, stirring discussions and speculations among investors and analysts alike. Since the approval of the spot Ethereum ETF last week, Ethereum has only recorded a surge to as high as $3,959 so far, before now retracting to a current trading price of $3,757. Although […]