The price of Ether, the local currency of the Ethereum Network hit it's highest price point since January 2018 at $1,151 earlier today. The rate of Ether in exchanges is currently down 20%. Investors may likely be withdrawing their coins from the exchanges to keep them in their possession, stake on Ethereum 2.0, or probably move them to decentralized finance.
A 24-hour Ether Price chart
Ethereum is the second largest Cryptocurrency in the world by market cap so it definitely has potential and it is worth investing in.
In January 2018, Ether recorded an all-tine high of $1,488 according to Coingecko. As at last week, market value rose over 40% and recorded a huge weekly gain which had not been experienced since Christmas season in 2018.
As at the time of my writing this article, Ether price is $1,038.68 with a 24hr trading volume of $70 billion. Also, in the last 24hr the price has gone up 13.9% according to CoinGecko. It is smart and wise to invest in a coin which a use-case(cases) as well as staunch and profitable potential.
ETH is likely following the Bitcoin trend like it has always been doing. With the effort Investors are making, the price of the coin should record another all-time high pretty soon. Thank you for reading my blog.
DISCLAIMER: This is not a financial advice.