Ethereum Hits $4,100 Record As Momentum Continues

Ethereum has set yet another record this week after the price climbed to a new high of $4,105 overnight (ETH-X).

The second-largest cryptoasset by market capitalization has been moving in a sharp upwards trajectory since its latest hardfork as it continues to prove its use-case. The number of DApps (Decentralized Applications) continues to grow on the platform.

Demand from institutional investors is fueling this latest move higher as large-scale buyers diversify their exposure in this emerging asset class, with ethereum the natural next pick.

The coin also has a far lower dollar value than bitcoin (BITCOMP), which is currently trading just below $59,000 after a move up itself over the weekend.

This lower dollar value makes ethereum attractive to investors who want to own whole coins, with the pool of potential investors who could invest $4,000 to buy one ethereum clearly larger than the number of investors who are willing to spend $59,000 to own one bitcoin.

Ethereum, Currency, Trading, Ethereum

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Ethereum Classic soars by more than 300%

Ethereum Classic (ETC) has surged in value by more than 300% in the last week as investors snap up the cryptoasset.

The original ethereum, which has since been superseded by ethereum, has rocketed from $34 to $127 in the last seven days, having peaked above $150.

The surge means ETC is now the 13th largest cryptocurrency by market capitalization, having started the year in 38th place. Nonetheless, it is well behind its namesake ETH which is the second largest cryptoasset.

Dogecoin rebounds after Musk leaves investors hanging

The price of Dogecoin (DOGE-X) was climbing Monday after a volatile weekend which first saw it plunge in value after Tesla CEO - and Doge fan - Elon Musk’s long-awaited appearance on Saturday Night Live (TSLA).

The appearance over the weekend had been expected to mark a watershed moment for Doge, and comments from Musk during one sketch saw him remark that it was “a hustle”.

The comments sparked a sell-off in Doge which fell as low as $0.42 at one stage, before rallying some 25% off lows to trade at $0.53 this morning.

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Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been ...

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