Ethereum priced above $ 1,000 for the first time in three years

Ethereum priced above $ 1,000 for the first time in three years

January 4, 2021 0 By WebSite Manager

Ethereum priced above $1,000 for the first time in three years. According to experts, the increase in demand from coarse-grained investors is one of the main reasons for the increase in prices.

Ethereum price increase

Ethereum prices have jumped 285 percent since 2020, making many investors happy with the digital currency, according to NeiMetrics.

At the time of writing, each unit is trading in the $ 1,100 range and has jumped 40% in the last 24 hours. Ethereum’s daily trading volume is $ 58 billion.

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Graph of price changes in recent months

As we said in the previous articles, the number of Ethereum addresses that are profitable has reached its historical peak. Glassnode data show that 49,225,333 addresses are in a profit position. Interestingly, the previous peak of these addresses was in the range of 49,145,540.

Addresses that are in a profitable position are addresses whose average capital value at the time of purchase is lower than the current price. The purchase price here means the price at which the currencies are transferred to the wallet in question.

What is the Ethereum platform like?

It is a decentralized platform that works without the hassle of scamming, manipulating, and disrupting third parties.

Ethereum2.0, which is a recent update of the Ethereum network, improves the scalability and speed of this cryptocurrency network.

What do you know about Ethereum2.0?

While the full launch of Atrium2.0 will take months, the first phase of its development, phase zero, is now officially underway.

There are currently 1,068,256 Ethereum shares in Ethereum2.0. Assets built on the blockchain this year will also bring in more profits. Rising and falling Ethereum Token prices, and Defy in general, may lead some investors to seek more stable returns.