The price of cryptic currency is strongly dependent on the price of the first and largest currency of this type: Bitcoin . By the increase after the avoided Soft Fork and the Hard Fork, which Bitcoin Cash would have but hardly had any impact, also developed Altcoins such as Ethereum positive.
Ethereum comes closer to Bitcoin
Regarding market capitalization, Ethereum still lagged behind Bitcoin, yesterday, Wednesday, for example, 28 were around 56 billion US dollars. Both currencies have been able to show very strong gains since the 4th of August .
While Bitcoin achieved an unprecedented peak value of more than $ 3,400, Ethereum was at least able to build on "older" times and reach a price of nearly $ 300 - the peak value being just under $ 400. In terms of trading volume, however, the current trend is quite different.
Although the daily trading volume at Bitcoin also varies very strongly, often between 800 million and 1.5 billion US dollars, Ethereum has however done in the last few days however again. On July 27th, Ethereum was valued at only $ 300 million, while on August 9, it was $ 2.6 billion, more than Bitcoin ($ 1.5 billion). Although Ethereum was already in the past several times before Bitcoin, the yesterday's difference is however in the height remarkable. Ethereum Bitcoin is also getting closer and closer to other areas .
Ethereum wins 50 percent in value
The course of cryptic diseases in general continues to develop very positively this week. An exception is Bitcoin Cash, which loses in value and is available for about 300 US dollars. Ethereum was traded on July 31 for a good 200 US dollars, the current 300 dollars indicate a gain of 50 percent in 10 days. Bitcoin, on the other hand, is "only" about 15 percent.
Once again it becomes clear that crypto money for gamblers is a way to make money quickly - or lose. For this reason, all those who are interested should be told that money that is invested in Bitcoin or Ethereum may be lost.