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Ether Sets All-Time High Price Near $1,440

  • Posted On - 2021-01-22 11:30:47

Ether (ETH) has broken its previous all-time high position in January 2018 with an increase to $1,439.

The price of ETH booms drastically on Tuesday.

Prices stead $1,439.33 around 12:00 UTC – really pretty over $1,432.88 registered on authenticated site platforms. The digital asset rallied nearly 12% Tuesday to reach the new peak.

The cryptocurrency has surpassed its previous bull market top almost two months after bitcoin exceeded its December 2017 record price to hit a new raised above $41,900 beginning this month.

While ether has tracked bitcoin in its journey to new endurance highs, it has outpaced the top cryptocurrency on a year-to-date basis with a 92% increase. Bitcoin has increased by 27% so far this year.

ETH Value Determination

Ethereum is a blockchain for decentralized applications (dapps) such as forecast markets or trading venues.  Dapps work similarly to conventional applications but acquire features of blockchain-based technologies such as censorship resistance.  

The Ethereum blockchain was co-established and incipiently characterised by Russian-Canadian developer Vitalik Buterin, who persists in the project’s most well-known personality.

Decentralized finance (DeFi) is universally considered as the best Ethereum use case to date. DeFi markets facilitate permissionless and automated lending, trading and borrowing to anyone with an internet connection. The market recently transcended some $22 billion in total value locked (TVL) – a metric comparable to assets under management (AUM).

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