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Ethereum Hits New Record High, Attracting More Investors

7 May 2021, 11:15
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As it has been informed in recent news about the cryptocurrency world, Ethereum sets another record, which draws traders’ attention over from BTC’s success.

Ethereum Hits New Record High, Attracting More Investors

Ethereum continues to gain ground in the digital currency market, showing that it has much potential. The crypto-cash made its founder a billionaire as its token price spiked.

Ethereum could retain its positive momentum

While Bitcoin remains to be the most expensive crypto-cash in the world, and Dogecoin has spiked in popularity thanks to Elon Musk’s interest in it, Ethereum also has shown that it can be a valuable asset. The cryptocurrency broke through a $3 500 mark reaching its record high of $3 616. The moment became historical for Ethereum after it hit a $3000 token price at the beginning of the week.

The most important thing there, however, isn’t the cost of the token but the dynamics of the value increase. Considering the above-mentioned figures in percentage, the digital currency grew by almost four hundred percent. It is worth comparing it with BTC as its growth percentage is only ninety-six. Experts say that this tendency and the price surge are the results of exceptional interest in Bitcoin after Elon Musk’s Tesla has bought Bitcoins.

Read more: Ethereum’s advantages over BTC

Read more: Latest Ethereum price prediction

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