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Binance, the world s largest cryptocurrency exchanbest crypto wallet nerdwalletge by trading volume, saw its market share drop to 43% in February, according to CCData. This repres ....
Photo: Jack Taylor (Getty Images) Amidst an ongoing crypto surge, Ether soared to new market heights Monday, becoming one of the priciest cryptocurrencies in circulation. The Ethereum blockchain-based token is now worth around $3,200, making its total market capitalization higher than Bank of America, Paypal, and Nestle. Advertisement The new valuation has also made Ether’s creator, the 27-year-old Russian-Canadian computer programmer Vitalik Buterin, the world’s youngest crypto billionaire. At the age of 19, Buterin helped create the Ethereum blockchain and has served as a manager of the blockchain since 2013. Ether, which is the second-largest cryptocurrency next to Bitcoin, has seen a meteoric rise in value over the past year. Some twelve months ago, the coin was trading at $210. As of last week, it sat at $2,500. As of today, it has quadrupled in value for the year so far and at least one analyst is now suggesting the coin could go as high as $5,000 by the ....
The GameStop fiasco did not spark Ether s rally; see the Elliott wave pattern that did. Cryptocurrencies are well-known as hot-potato markets with volatile price swings. Most investors and traders see cryptos as catch-and-release - vs. - buy-and-hold. But this chart tells a somewhat different story. It not only shows that the #1 top performing cryptocurrency for 2020 and (so far) 2021 is #2 in line: Ethereum. But it also shows that, after trending sideways from August through October, ETH held and continued to hold the upside in a powerful rally to record highs on February 3. The clamor to find a reason for Ethereum s surge was short-lived, thanks to the event cited in countless news stories regarding moves in nearly all financial markets so far in 2021: namely, the GameStop fiasco. ....
The GameStop fiasco did not spark Ether s rally; see the Elliott wave pattern that did. Cryptocurrencies are well-known as hot-potato markets with volatile price swings. Most investors and traders see cryptos as catch-and-release - vs. - buy-and-hold. But this chart tells a somewhat different story. It not only shows that the #1 top performing cryptocurrency for 2020 and (so far) 2021 is #2 in line: Ethereum. But it also shows that, after trending sideways from August through October, ETH held and continued to hold the upside in a powerful rally to record highs on February 3. The clamor to find a reason for Ethereum s surge was short-lived, thanks to the event cited in countless news stories regarding moves in nearly all financial markets so far in 2021: namely, the GameStop fiasco. ....