The price of Ethereum (ETH) has surpassed $3,000 for the first time in history
Shortly after breaching the $2,000-level, ETH is approaching the $3,000-value threshold.
Author:Gordon DickersonReviewer:James PierceMay 03, 202134.4K Shares782.7K Views
Thanks to another amazing next year's success, the second-largest crypto coin stays on track to be first. At the time of this writing, the price jump, the ETH had just passed the $3,000-mark.
Ethereum fell into the red in the first half of the year after an excellent run in March, taking a low of $90 in March's COVID19 event.
The high demand for the ETH token, along with the continuing crypto bull market, finally recording it into less than a month into the year 2020, resulted in a new ATH under $40 in April of 2018, which broke the previous peak established in January of that year.
Besides slight retracements, the ETH surge only worsened over the course of the next few months. As a result, ether soared to a new record price in February.
Though it appears to have been idle in March, ETH resumed its long-filled tradition of record-making months That's why the price broke a new record for the second time, resulting in ATHs, as recently reported, and it eventually dropped below $3,000 to start fresh new initiatives. Therefore, the blockchain has increased by 300% so far this year.
There was a nearly 3-year-long runup in Ethereum's native currency that led to another all-time high over 0.05 for the pair ETH/BTC.
Around the same time, the asset market value increased to $340 billion. As a result, ETH jumped into the top 30.
As of writing, famous companies including PayPal, Netflix, and other businesses have been overshadowed by Ethereum.
Gordon Dickerson
Author
Gordon Dickerson, a visionary in Crypto, NFT, and Web3, brings over 10 years of expertise in blockchain technology.
With a Bachelor's in Computer Science from MIT and a Master's from Stanford, Gordon's strategic leadership has been instrumental in shaping global blockchain adoption. His commitment to inclusivity fosters a diverse ecosystem.
In his spare time, Gordon enjoys gourmet cooking, cycling, stargazing as an amateur astronomer, and exploring non-fiction literature.
His blend of expertise, credibility, and genuine passion for innovation makes him a trusted authority in decentralized technologies, driving impactful change with a personal touch.
James Pierce
Reviewer
James Pierce, a Finance and Crypto expert, brings over 15 years of experience to his writing. With a Master's degree in Finance from Harvard University, James's insightful articles and research papers have earned him recognition in the industry.
His expertise spans financial markets and digital currencies, making him a trusted source for analysis and commentary. James seamlessly integrates his passion for travel into his work, providing readers with a unique perspective on global finance and the digital economy.
Outside of writing, James enjoys photography, hiking, and exploring local cuisines during his travels.
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