Ethereum price crossed $ 1,000 for the first time
Ethereum broke the $ 1,000 level for the first time this Thursday, thus completing a whole series of records recorded in the cryptocurrency market lately..
At the same time, the capitalization of Ethereum exceeded $ 100 billion, and the trading volume over the past day amounted to more than $ 6.6 billion..
It is curious that for the first time in a long time, the ETH / BTC pair took the first place. It is followed by the TRX / ETH pair, both of which are owned by the Binance exchange. At the same time, on most Western exchanges, Ethereum is still trading below the key mark, while on the South Korean Bithumb, its rate has already overcome the level of $ 1,300.
Like many altcoins, Ethereum continues to rise since December. Over the past month, its rate increased by 76%, and it ended the year at around $ 752, despite the fact that at that time Bitcoin was already in a correction.
Although Ethereum’s performance lags behind Ripple, whose capitalization at the time of publication is $ 140 billion, this year the third largest cryptocurrency also began to rise, breaking the levels of $ 800, $ 900 and finally $ 1,000..
It can be assumed that at least part of this result is due to the beginning of testing the Casper technology, which will allow Ethereum to switch to a hybrid Proof-of-Work (PoW) / Proof-of-Stake (PoS) consensus mechanism. It is expected that the main chain Casper could be launched this summer.
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