Anyone who invests in cryptocurrencies should not forget about Ethereum in 2021
- In March the ether price was just over 100 US dollars
- A strengthening of Bitcoin could also drive up the price of Altcoins
Shortly before the turn of the year, Ether (ETH) shot over the 700 US dollar mark. Even if the cryptocurrency is still around 50 percent below the all-time high of the beginning of 2018 - at that time the ether price was 1.448 US dollars - it is quite possible that the record value will be set in 2021.
How does ether react to the constant Bitcoin all-time highs?
Because the soaring of Bitcoin (from around 4.000 US dollars in March 2020 to over 28.500 US dollars by the end of December) has of course also put the so-called Altcoins in a new light. This is also the reason why more and more private investors such as savers are opening an account with eToro and are now trying to jump on the altcoin wave. Because in 2017, when Bitcoin rose from 1.000 US dollars to almost 20.000 US dollars within a year, the soaring skyrocketed the altcoins market.
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And a strengthening of Bitcoin could also give other crypto currencies a tailwind. Above all Ether, the "eternal number 2" according to market capitalization.
Of course, here too it must be taken into account that a correction can always occur.
Bitcoin's new all-time high (over US $ 34.000 on January 3, 2021) has catapulted the price of Ether to over US $ 800.
As already mentioned, you shouldn't forget the altcoins. Ether in particular seems to have enormous potential here. Bitcoin-News.One will continue to monitor the development of Ether!