A Stable Demand for Ethereum

The demand for Ethereum has not declined a bit with a trading volume of over $4.07 billion within the last 24 hours. Things look promising for Ethereum as its trade volume could still go higher. If the demand for the cryptocurrency increases, it would be able to maintain a stable price above $800.

Binance, who was the largest cryptocurrency exchange by Ethereum trading volume, lost its position to BitFinex while Huobi follows in third place.

A few days ago, Reddit co-founder, Alex Ohanian, in an interview predicted that bitcoin will go to the moon but believes Ethereum will do better. According to him, bitcoin would be at $20k and Ethereum would hit $15k before the end of this year.

In his words:

“At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.”

With Ethereum price a little above $800, there is uncertainty, and it would be a challenging race for the cryptocurrency. But one thing is sure in the crypto market – nothing is impossible.

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