Ethereum coin has hit an all-time high amid the crypto crisis. Ethereum just hit an all-time high of $2,600 in history. The boom in a non-bitcoin cryptocurrency shows that the interest is ‘de-coupling from bitcoin,’ says a market analyst.
A year ago, Ethereum was trading below $200, and this increase in the price of this cryptocurrency has pushed the market cap above $300 billion, which is one-third of bitcoin. You can check here the latest Ethereum Price.
Simon Peters, a market analyst at the online trading platform eToro, says,
“While the two have traded in tandem for much of the last three years, as the cryptoasset market starts to mature, investors will be looking across the broader spectrum of assets and assessing which has the best long-term potential.”
Bitcoin has seen a drop in price over the past few days. Ethereum’s price increase shows the signs of bitcoin’s ‘de-coupling.’
“Bitcoin has captured the attention of millions of investors, but Ethereum offers an alternative… With the widespread usage of Ethereum’s network following its latest upgrade, the cryptoasset continues to offer a lot of opportunities to developers and investors.”