Ethereum Continues To Rocket - This Is Why Investors Are Choosing Ehter Right Now! - Kakiforex.com - Financial Market Media No. 1 in the World Ethereum Continues To Rocket - This Is Why Investors Are Choosing Ehter Right Now! Ethereum Continues To Rocket - This Is Why Investors Are Choosing Ehter Right Now!

May 11, 2021

Ethereum Continues To Rocket - This Is Why Investors Are Choosing Ehter Right Now!

 Ethereum showed an impressive performance today with the price of 1 unit of Ether surpassing $ 4,000 which is a new record high.


Ether, which operates using the Ethereum blockchain, rose nearly 7% in the last 24 hours to $ 4,113.35 based on the coinmarketcap. Today, ethereum has a total market value of $ 476.3 billion, less than half of bitcoin’s $ 1.1 trillion.


Of late Ether has been getting more attention as investors are looking to profit amid a significant fall in bitcoin prices in April, while ther is up more than 40%. The entire crypto market is currently worth around $ 2.5 trillion, according to CoinMarketCap,



Mainstream investors and some corporate buyers like Tesla expanded their investments to bitcoin earlier this year. They see crypto as a potential inflation hedge as central banks around the world choose to print money to generate economies in the middle of Covid-19. Major Wall Street banks such as Goldman Sachs and Morgan Stanley are also working to offer bitcoin investment deals to their clients.


Even so, some parties are still skeptical of crypto. According to Michael Hartnett, head of investment strategy at Bank of America Securities, says that Bitcoin is the ‘mother of all bubbles’, while others argue it has no foundation.


Mark Cuban, who is a millionaire investor and owner of the Dallas Mavericks, recently listed three important reasons why Ethereum will continue to soar and surpass Bitcoin.First because, ETH can process more transactions per second. Second, developers can develop a variety of transaction applications in Ethereum. Third, there is still a lot of room for improvement.