Ethereum cryptocurrency record gains this year hit 5000%

[btcyoda]

The value of the second largest cryptocurrency ethereum has smashed an all-time high of $425.55 on Thursday night, according to data from digital money website Coinmarketcap. Ethereum’s market capitalization is approaching $40 billion, and its gains this year have reached 5,000 percent.

The surge came after the news that South Korea has no plans to regulate cryptocurrencies. The Korean won had more than five percent share in global cryptocurrency trading as of September, a higher percentage than the euro.

The total market cap of cryptocurrencies was $256 billion, worth more than AT&T or Procter & Gamble. A surge in ethereum was also backed by bullish comments from billionaire cryptocurrency investor Mike Novogratz.

“Just in the last few days ethereum has started to move, and I actually think it’s going to put a new high soon. Novogratz said investors are putting money into cryptocurrencies like bitcoin because of the lack of trust in financial institutions following the 2008 economic meltdown.

https://newsline.com/ethereum-cryptocurrency-record-gains-this-year-hit-5000/

[bundo]

Price spike is busy discussed public today because the price is equivalent to the price of one motorcycle unit . This certainly attracts the attention of users and investors to start more seriously plunge into the world of cryptocurrency, and competing to reap the benefits.

[Nonakryse]

ETH did just great this year indeed. It was started back in February when the Alliance was announced and the media got attention of it, that's how it all started. ETH back then was trading at about 25 dollars, and it's over 400.. in just a year. That was a big moment though back then, because it was the first time that the public heard of Ethereum and what it is capable of, and the fact that so many companies decided to make it part of their long-term strategy is something that started to give it creditbility, which is very important in the crypto world. Just wait until people actually start using Ethereum for their daily lives, like using apps or using other devices that are connected to the Ethereum network, the price will go to another 5000% plus.

[makuhpal]

Ethereum really did a good job this year and i hope in 2018 it will give us more profits.I would like to see ethereum in the top 3 crypto forever because i invested 50k in Ethereum i trusted the ETH from the start until now.

[jvdp]

The value of the second largest cryptocurrency ethereum has smashed an all-time high of $425.55 on Thursday night, according to data from digital money website Coinmarketcap. Ethereum’s market capitalization is approaching $40 billion, and its gains this year have reached 5,000 percent.

The surge came after the news that South Korea has no plans to regulate cryptocurrencies. The Korean won had more than five percent share in global cryptocurrency trading as of September, a higher percentage than the euro.

The total market cap of cryptocurrencies was $256 billion, worth more than AT&T or Procter & Gamble. A surge in ethereum was also backed by bullish comments from billionaire cryptocurrency investor Mike Novogratz.

“Just in the last few days ethereum has started to move, and I actually think it’s going to put a new high soon. Novogratz said investors are putting money into cryptocurrencies like bitcoin because of the lack of trust in financial institutions following the 2008 economic meltdown.

https://newsline.com/ethereum-cryptocurrency-record-gains-this-year-hit-5000/

Ethereum is a centralized cryptocurrency in digital market. It is one of the most trust coin in cryptocurrency. I hope this will reach first place in cryptocurrency. In 2018 also it will raise constantly in market. But many decentralized coins are not stable in market. Bitcoin also one of the decentralized coin. But it is the first position in cryptocurrency. Next year also more gains in digital market.