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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Ethereum has updated another record

November, 08 2021
watermark Economic news

The Ethereum exchange rate, the second most capitalized cryptocurrency after bitcoin, reached the level of $4770 today, updating another maximum. Over the past three months, the digital currency has risen in price by 54%, and since the beginning of the year, the asset rate has increased by 538%.


The broadcast has been breaking records since the end of October, after Finder.com published the results of a survey of industry experts expecting a jump in the cryptocurrency exchange rate to $5,100 by the end of this year and growth above $50,000 by 2030.


Additional support for the cryptocurrency is provided by the assumptions of some reputable experts that Ethereum can bypass bitcoin by capitalization by mid-2022 thanks to the development of the decentralized financing market (DeFi). Currently, the capitalization of ether is just over $ 558 billion, and bitcoin is $1.24 trillion.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.