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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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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.