Ether, the bitcoin rival, stormed the markets early on Monday, reaching its all-time high, $4,000. If you want an asset with an upward trend at the moment, you can try Ethereum. The crypto utility keeps soaring high, even after crossing vital resistance levels on most cryptocurrency broker’s barriers, such as the FTX brokerage.
That comes after the virtual asset breached over $3,000 in the past week. Indeed, various financial markets have witnessed positive trends. You may have noted how cryptocurrency has been flourishing over the past few months. Have you invested in the industry? Or, do you think it is the best time you dive into the crypto waves? ETH is among the assets that might attract you to this industry booming with profitable activities.
When writing this content, ether is trading at $4,115.72 and a trading volume, standing at $53.5 billion each day. Beware that Ethereum rose by 3.85% today, being the second valuable cryptocurrency asset at the moment, valued at $476.7 billion. What are your thoughts on such fluctuations?
Cryptocurrency experts urge that Ethereum, the current leading altcoin, attracted new institutional investments because of approving 3 ETH exchange-traded funds in North America. Have you heard about ETFs? Keep in mind that a lot keeps happening in this decentralized space.
According to data by Glassnode, a renowned crypto analytic company, Ethereum recorded a new high, 14,969,657, for addresses holding more than one coin. Remember, the asset had its last highest record of 14,966,780 on May 9 this year.
Ethereum attracts more contracts and apps by accepting NFTs to validate cryptocurrency ownership.
Should You Buy Ethereum
ETH is a digital product designed for smart contracts deployment and decentralized applications. You will not have to worry about fraud or third-party interference with this cryptocurrency.
Ethereum Blockchain has multiple DeFi cryptocurrency products that draw investors globally, responsible for the increased buying pressure. Different corporations, including Melon, Cream finance, Compound, Chainlink, UniSwap, and YAM, recorded high cash inflows by adopting Ethereum. Do you want to miss out on this opportunity?
DeFi attracts more investors since it allows you to receive high-interest rates than the traditional finance sector. Keep in mind that automated decentralized systems attract lower operational costs.
Make sound decisions whenever you want to invest in any digital asset.
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