The rise of this digital currency is as fulminating as it is aggressive, and trading specialists fear that a serious correction will come in the cryptocurrency market.
On the other hand, in the short term, the rapid evolution of Ethereum does not seem to stop too soon.
The cryptocurrency has crossed the $ 4,000 threshold, and on some trading platforms such as Houbi or Coinbase it sells for over $ 4,000. Notably, the new threshold was exceeded just one week after exceeding $ 3,000.
According to experts, the second best-rated cryptocurrency on the market could reach $ 10,000 by the end of the year.
According to Economedia, the cryptocurrency associated with the Ethereum platform now has a total market value of $ 476.3 billion and is approaching the market capitalization of JPMorgan Chase, the largest US bank.
The entire cryptocurrency market is currently valued at $ 2.5 trillion, according to CoinMarketCap.
Even though some major investors have recently turned to the virtual currency market, some voices warn that everything could turn out to be a big bubble. Michael Hartnett of Bank of America Securities even claims that the bitcoin advance looks like the “mother of all bubbles” while Stephen Isaacs of Alvine Capital says that “there is no basis for these products, period.”
Founded in 2013 by Vitalik Buterin, the Ethereum network allows the construction of applications. Recently, the 27-year-old Russian-Canadian programmer became a billionaire.
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