Fun

Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion

News Feed - 2021-10-29 09:10:08

Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion


Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position. Ethereum Reaches New All-Time Price High The second-largest crypto market capitalization belongs to ethereum (ETH) with a valuation of around $510 billion today. Currently, there is $28.9 billion dedicated to ether trades and ETH’s market cap has a dominance rating of around 18.8%. ETH reached its all-time high during the early morning trading sessions on October 29, tapping a high of $4,416 per ETH.


Year-to-date, ethereum (ETH) has gained 1,013% and during the last 30 days the crypto asset has increased by 54.7%. The stablecoin tether (USDT) is the top pair trading with ethereum (ETH) on Friday commanding 43.53% of all trades. This is followed by USD (20.65%), BTC (9.75%), BUSD (7.90%), EUR (4.03%), and KRW (3.34%). Binance is the most active exchange trading ethereum today with 24.94% of all ETH’s trading activity. Binance is followed by crypto trading platforms like Lbank, Coinbase, FTX, Yobit, and Huobi Pro. The price of ethereum is much higher than the crypto asset’s all-time high from 2017, as the price is 8,985.15% higher since then. Ethereum’s hashrate is roughly 725 terahash per second (TH/s) and there’s around 3.6% of Ethereum hash on the platform Nicehash. The return on investment (ROI) on ethereum (ETH) since the day it was introduced is 9,364.4% today, if a person took part in the genesis sale.


What do you think about ethereum reaching an all-time high on Friday? Let us know what you think about this subject in the comments section below. Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply MARKET UPDATES | 1 day ago Analyst Suggests Bitcoin"s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle MARKET UPDATES | 6 days ago Tags in this story ETH, ETH all time high, ETH swaps, Ethereum, Ethereum (ETH), ethereum high, Market Update, Markets, Nicehash, Prices, Terahash, trading, Trading sessions, USD, USDT


Image Credits: Shutterstock, Pixabay, Wiki Commons, tradingview, Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

PancakeSwap integrates Zyfi for gas-free DeFi trading
Zoltan Vardai12 hours agoPancakeSwap integrates Zyfi for gas-free DeFi tradingThe simplified trading experience could help PancakeSwap attract a larger market share from centralized exchanges.1269 Total views5 Total shar
Major Darknet Marketplace for Stolen Cards Shuts Down After Making Over $1 Billion in Bitcoin
Major Darknet Marketplace for Stolen Cards Shuts Down After Making Over $1 Billion in Bitcoin The longest-running marketplace for stolen credit cards on the dark
Streaming Service Sling TV Adds Crypto Payment Support for Monthly Subscriptions
Streaming Service Sling TV Adds Crypto Payment Support for Monthly Subscriptions The American streaming television service Sling TV has announced the company is now accepting crypt
Inferno Drainer fails attempt to launder ETH — ‘not welcome’ in Railgun
Tom Mitchelhill4 hours agoInferno Drainer fails attempt to launder ETH — ‘not welcome’ in RailgunNotorious wallet-draining group Inferno Drainer tried to pass $530,000 worth of stolen ETH through Railgun but discov
Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round
Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital.
Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA
Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA According to a report released on Friday, the creators of the non-fungible token (NFT) collection Cool
ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes
ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch
Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion
Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypt
How Web3 is transforming global regulatory frameworks
Savannah Fortis11 hours agoHow Web3 is transforming global regulatory frameworksAt the 2024 Proof of Talk event in Paris, France Jenny Johnson CEO of Franklin Templeton and Mo Shaikh the founder of Aptos explained the pr
ARK sells $52M of Coinbase shares as stock price breaks above $270
Helen Partz14 hours agoARK sells $52M of Coinbase shares as stock price breaks above $270Cathie Wood’s ARK Invest continues taking profits from its Coinbase stash as the stock is hitting multiyear highs.1670 Total view
Robinhood to roll out US stock trading in British market
Ezra Reguerra35 minutes agoRobinhood to roll out US stock trading in British marketRobinhood CEO Vladimir Tenev said in an interview with Bloomberg that the company is still focused on its global aspirations, and its U.K
Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion K