What is the current price of Ethereum (ETH)?
What is the current price of Ethereum? According to Coindesk, what is the curre
What is the current price of Ethereum? According to Coindesk, what is the current price of Ethereum? How is the latest trend of ETH? How is the current market performance of Ethereum? What is the current price in the market?
Ethereum (ETH) historical price chart source: TradingView.com
Since 2013, with the increasing demand for digital currencies in the market, Ethereum has been used by more and more financial service companies. Bitcoin and most altcoins have gone through the process of bear market, high points, and low points. These are all obvious features of the cryptocurrency market – strong upward momentum in prices, increasing transaction costs due to network congestion, and recent large-scale price drop of Ethereum.
The total circulating supply of Ethereum is 316,000, with a value of approximately $400 million according to current exchange rates. The total circulating supply of Ethereum has also increased. As of June 19, 2020, Ethereum has destroyed more than 1.3 billion tokens. At the time of writing, the total market value of Ethereum is still above $5 million, far below its peak value in 2017.
What is the current price of Ethereum?
What is the current price of Ethereum? According to Coindesk’s report, on January 8th, the price of Bitcoin (BTC) reached a high of $21,000, and then dropped to a low of $200. After a brief rebound, the cryptocurrency began to rise again and broke through the $20,000 mark. Ethereum has currently risen by about 30%. According to CoinMarketCap data, at the time of writing, the value of Ether is $16,800.
Bitcoin exceeded $10,000 for the first time since September last year. From that time, it has maintained its highest level, but it has gradually lost its importance as its network develops. However, the volatility of Ether has decreased in recent months. While the price of Bitcoin has not changed significantly, the network transaction volume of Ethereum has increased significantly. According to Glassnode’s data, there are currently about 76,000 wallets that hold at least 1,000 ETH.
This means that the amount of Ethereum held may have decreased by about half compared to the average of the past year. On the other hand, the market value of Ether is also growing, skyrocketing from nearly $4 billion at the end of 2017 to over $7 billion today. (Bitcoinist)
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