Crypto News

Ether rose more than 100% amid market recovery

Since the first quarter of 2019 the price of the top cryptocurrencies, like Bitcoin, Ether and Litecoin increased by 100%+. According to Coinmarketcap, the capitalization of the Ether – the second largest cryptocurrency in the world currently stands at $26.5 billion, and the asset price fluctuates near $250.5.

At the end of February platform Ethereum held the sixth and seventh planned system upgrade – Constantinople and St. Petersburg – which increased the efficiency of system scaling, the speed of processing of transactions on the blockchain and made changes in other important functions.

Despite the fact that the updated EIP Protocol 1234 reduced the award for the unit with 2 ETH 3 to ETH, miners are not particularly affected, because since then the price of the asset has increased significantly.

On 1 January this year, Ethereum is trading at $129 on exchange Kraken, and by may 16, the price reached $280, which means that ETH increased in price by more than 100%.

On April 2 of this year the price of Ethereum for the first time since April of 2018 broke the 200-day MA, which is indicative of the increasing presence of bulls in the market. If the buyers manage to hold this momentum, the price would probably rise to at least 2018 at $360.

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