Ethereum price has massively gone up as of recent. This Friday, April 2, Ethereum prices have finally reached an all-time high. The popular cryptocurrency has seen incredible gains over the course of the last 12 months.
Cryptocurrency price rise
According to an article by Independent.co.uk, Ethereum prices have reached $2,000 on Friday, April 2, while trading below $150 back in April of last year. The price peaked at $2,071.67 some time before 4 PM BST. This was according to the CoinMarketCap price index. Although the price rally reportedly shows no sign of slowing down.
Ethereum's massive leap comes amid the whole crypto market frenzy, which now sees bitcoin as well as other cryptocurrencies experiencing massive price rises in the course of the previous months. The market has also been boosted by some major institutional investment and an increase in adoption by payment and retailer platforms.
Ethereum price highest
Greg Waisman, the known co-founder as well as COO of the whole payment network called Mercuryo noted that the Ethereum price started to rally just as soon as Visa started using its very own network in order to settle crypto transactions. Ethereum has really seen some beneficial developments. Prominent investor Mark Cuban revealed that he himself owns a chunk of ethereum and that he believes that ETH is going to be the closest to a true currency.
When looking at the future, Ethereum's breaking of the $2,000 mark is seen as a huge achievement. This will also possibly allow it to start using this particular level as a strong support and also continue to go higher. The crypto market analysts have also attributed the huge price gains to the whole economic chaos that the coronavirus pandemic has brought.
Bitcoin price surge
According to an article by Forbes, after massively surging through the first few months of the year, Bitcoin has somewhat lost its momentum in March. Prices are now up almost 500% compared to October and even climbed to a peak of $60,000 per bitcoin just this month. However, it stopped breaking fresh ground with the whole regularity that it did through January and even early February.
Bitcoin historical price data shows that March losses are usually followed by an April rally and Bitcoin investors and traders are all feeling upbeat. Analysis of the whole price data over the course of the last ten years now reveals a massive 51% average gain for Bitcoin this April 2021 according to Danny Scott, the chief executive of CoinCorner, an Isle of Man-based bitcoin and cryptocurrency exchange.
If the estimations would be accurate, this would then mean that Bitcoin will end April 2021 at even over $80,000! Scott also points towards high-profile individuals like Elon Musk openly investing in cryptocurrency as well. With Funko Pop also deciding to go into NFTs, cryptocurrency and blockchain has started to become extremely popular even for the general audience.
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Written by Urian Buenconsejo
