TechBookyBusiness
No Result
View All Result
Friday, July 1, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Acquisition

Ethereum Hits A High Of $1938, Not A Great Record For 2nd Biggest Crypto

Femi Balo by Femi Balo
February 19, 2021
in Acquisition
Share on FacebookShare on Twitter

Digital currency Ethereum hits a new all-time peak of $1938. In terms of market capitalization and volume, Ethereum stands as the second largest cryptocurrency. The world’s second biggest cryptocurrency owes it rise to increase in institutional demand. This increase comes a week after the Chicago Mercantile Exchange launched it futures. The futures launched will facilitate transactions on the Ethereum block chain.  Ethereum or Ether; an interchangeable name for the cryptocurrency in the crypto world, was last up at $1936.94 by 4.6%.

Increase in institutional demand has also propelled a spike in the price of the world’s largest cryptocurrency Bitcoin. Bitcoin has now attained an all-time peak of $52, 640. The Bitcoin rally and its increase is believe to be a contributing factor to Ethereum’s increase. Jehan Chu, co-founder of Kenetic Capital; a digital currency focused venture capital and trading firm stated: ‘The ether slingshot is in motion, with the number two coin looking cheap and posed to surge relative to bitcoin’s $52k level‘.

Ethereum’s value as the world’s second largest cryptocurrency compared to Bitcoin, is not quite impressive. Notable individuals have expressed that Ethereum is being undervalued. Luis Cende, the co-founder of a decentralized application on the Ethereum blockchain called Aragon stated: “Ethereum is really undervalued, and I believe it has been…due to its more complex narrative.”

The complex nature has to do with Ethereum being decentralized. The Ethereum network is being powered by the digital coin Ether. The system allows developers to build apps upon Ethereum’s network. In that way, Ethereum works as a kind of decentralized software platform. Bitcoin on the other hand is designed to be just a currency or store of value and this makes Ethereum different from it. The similarity between Ethereum and Bitcoin is that they are both underpinned by blockchain technology.

Nevertheless, it is estimated that Ethereum will rise to an all-time high of $2500 in the next three months. Data from the Chicago Mercantile Exchange showed about 1,900 ETH futures contracts that were traded during the first five days following the launch. About 27% of volume were not from within the United States with more than 33% trading during non-US trading hours.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Ethereum Hit A New Record High Of More Than $3,400
    Ethereum Hit A New Record High Of More Than $3,400
  • Bitcoin Hits A New All-time High Of More Than $68,000, Ethereum Wasn’t Left Out Of The Extended Rally
    Bitcoin Hits A New All-time High Of More Than $68,000,…
  • Ethereum (ETH) Has Hit A New High Of $3,017
    Ethereum (ETH) Has Hit A New High Of $3,017
  • Prices of Bitcoin And Ethereum Drop More Than Ten Percent, Currently Trading Below $50,000 And $4,000 Respectively
    Prices of Bitcoin And Ethereum Drop More Than Ten Percent,…
  • Google Finance Includes Cryptocurrency To Its Finance Platform
    Google Finance Includes Cryptocurrency To Its Finance…
  • Ethereum Hits A New Record High Of More Than $4,700
    Ethereum Hits A New Record High Of More Than $4,700
  • It's Totally Possible That Ethereum Could Soon Hit $5,500, Here's Why
    It's Totally Possible That Ethereum Could Soon Hit $5,500,…
  • Bitcoin Rises 6.8 Percent To $56,852.03, As Other Cryptocurrencies Jump
    Bitcoin Rises 6.8 Percent To $56,852.03, As Other…
Tags: cryptocurrencyEthereumEthereum rise
Previous Post

Microsoft Introduces Office 2021 For Windows And Mac Systems, To Launch Later This Year

Next Post

Microsoft Announces New Windows 10 Update, To Feature Improved Security

Next Post
Microsoft Announces New Windows 10 Update, To Feature Improved Security

Microsoft Announces New Windows 10 Update, To Feature Improved Security

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)
  • Morocco Wants To Regulate Cryptocurrencies, Introduces New Crypto Bill
  • South African Fintech Sava Secures $2 Million In Pre-seed Funding
  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)
  • Morocco Wants To Regulate Cryptocurrencies, Introduces New Crypto Bill
  • South African Fintech Sava Secures $2 Million In Pre-seed Funding
  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus
  • Taiwan’s Central Bank Is Working On A Government-run Digital Currency

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,332.700.95%
  • ethereumEthereum(ETH)$1,058.822.58%
  • tetherTether(USDT)$1.000.07%
  • usd-coinUSD Coin(USDC)$1.000.33%
  • binancecoinBNB(BNB)$214.831.17%
  • Binance USDBinance USD(BUSD)$1.00-0.03%
  • rippleXRP(XRP)$0.3131700.09%
  • cardanoCardano(ADA)$0.4464240.29%
  • SolanaSolana(SOL)$32.381.30%
  • dogecoinDogecoin(DOGE)$0.0653280.33%
  • polkadotPolkadot(DOT)$6.72-1.40%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.66%
  • AvalancheAvalanche(AVAX)$15.98-2.42%
  • matic-networkPolygon(MATIC)$0.4556901.21%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....