New Month, New ATH: Why Ethereum May Hit $10k This Year

HeadlinesNewsNew Month, New ATH: Why Ethereum May Hit $10k This Year

Share

New Month, New ATH: Why Ethereum May Hit $10k This Year

NewsBTC2 weeks ago
Published on May 01, 2021 02:02 GMT+0edited on May 01, 2021 02:22 GMT+0

Share

Ethereum has been steadily gaining 5% a day over the last week and is now reaching a new high of $2900. Ethereum is currently trading at a new all-time high of $2866, with a market capitalization of $331 billion.

New Month, New ATH

For the first time in history, Ethereum was able to reach $2,850, and it is on its way to surpassing $3,000. This will help the virtual currency to break its all-time high price and get closer to Bitcoin’s market capitalization. While Bitcoin remains the most common virtual currency, its market share has fallen below 49%, and Ethereum’s market share is approaching 15%.

According to data analytics platform Skew, the recent ETH price rally coincides with an increase in spot trading volumes since mid-April.

Ether spot volumes have materially picked …