Ethereum

While Bitcoin went on its incredible rally during the first half of the year, its biggest competitor, Ethereum (ETH), struggled massively and failed to generate any meaningful gains for its holders. There was a time when many had predicted that ETH was going to eventually overtake Bitcoin, but that never came to pass, and this year, the performance was particularly disappointing.

Is it a Bullish Sign?

However, it seems that ETH is making a comeback this week; the token recorded massive gains to stoke excitement in the crypto sphere yet again. In this regard, it is important to note that despite its struggles over the past months, ETH was never in danger of losing its status as the world’s second-largest cryptocurrency by market cap.

/**/

Due to the massive surge in its price this week, experts have predicted that the ETH price might, in fact, cross an important hurdle of the $220 barrier soon. Now, one thing that needs to be understood with regards to Ethereum is that the cryptocurrency is now among the older ones in the market, along with Bitcoin, and hence, it enjoys a bigger status in the market.

While Bitcoin was going through one resistance after another during the first half of the year, ETH was trading within a range. However, that has now changed.

>> Bitcoin Cash Will Be Available on HTC’s Blockchain Phone

Since last Friday, ETH has gained as much as 20% and has the momentum to gain more within the next few days. At the time of writing, the price for one ETH stood at $209, and the total market cap of the coin touched $22.45 billion. That being said, the sudden rally in ETH still remains unexplained, and it remains to be seen how long it can sustain.

Moreover, the experts in the crypto market have even gone on to say that the sustained rise in Ethereum could also prove to be a boost for Bitcoin.

Featured image: DepositPhotos © Violka08

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin30,121 0.04 % 2.28 % 0.49 %
Ethereum2,056.4 0.23 % 2.92 % 8.60 %
Tether1.001 0.13 % 0.03 % 0.04 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB302.01 0.35 % 2.56 % 0.24 %
XRP0.4276 0.10 % 2.78 % 13.58 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana54.86 0.17 % 3.66 % 13.72 %
Binance USD1.004 0.01 % 0.30 % 0.66 %
Polkadot10.76 0.43 % 2.21 % 0.37 %

bitcoin
Bitcoin (BTC) $ 30,072.00
ethereum
Ethereum (ETH) $ 2,051.76
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
binance-coin
BNB (BNB) $ 301.60
xrp
XRP (XRP) $ 0.426135
cardano
Cardano (ADA) $ 0.570186
solana
Solana (SOL) $ 54.73
binance-usd
Binance USD (BUSD) $ 1.00
polkadot
Polkadot (DOT) $ 10.69