[Blockchain Today Reporter Ji-Hye Han] The second-largest cryptocurrency (ETH) in cryptocurrency soared to $4,000 in seven days after it reached $3,000. This year, Ethereum has increased by more than 400%.
According to Cryptopotato reports, on February 20th, Ethereum reached $2,000 shortly after breaking the highest price in January 2018. After that, on the 3rd, it exceeded $3,000, breaking the record on February 20th and breaking the record once again.
Considering the fact that the Ethereum price was less than $800 in early 2021, it was a pretty impressive achievement in itself, but the profit margins have since increased even further.
Ethereum continued to hit a major milestone of $4,000, shortly after setting a record high of over $3,000 in a row. The value of ETH has increased by 33% within a week.
Some experts believe that the value of this second-largest cryptocurrency will increase even higher this year, despite an increase of more than 400%.
Dallas Mavericks owner and billionaire investor Mark Cuban recently listed three notable reasons for Ethereum to continue to advance and outperform Bitcoin.
According to CoinMarketCap, ETH’s market dominance has risen to a level close to 19% in three years after the aforementioned development.
AssetDash announced that Ethereum has entered the top 20 assets by market cap. Today, ETH has a larger market capitalization than many giants such as Johnson & Johnson, Walmart, MasterCard, NVIDIA, Bank of America and PayPal.
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