Ethereum hits all-time high: Why the bitcoin competitor ETH is surging past $3,000
Published
May 03 2021 at 7:18 AM GMT
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Points
- When it comes to cryptocurrencies, bitcoin has all the brand name recognition, but as far as year-to-date gains are concerned there’s been a much better cryptocurrency to invest in in 2021 (so far).
- That cryptocurrency is Ethereum (also known as Ether, or just its ticker symbol ETH for short).
- Ether hit an all-time high of over $3,100 on Monday morning.
- Yes, that’s well below bitcoin’s current price of around $58,000.
- However, when looking at the two coins from a YTD return perspective, bitcoin is only up 95% while Ether has surged 325% since its January 1, 2021 price of $730 per coin.
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- Published May 3, 2021 7:18 AM GMT