Ethereum prices hit a new high of $ 2,000

Ethereum

Ethereum prices hit a new high of $ 2,000

:Ethereum prices hit a new high of $ 2,000 , Ethereum jumped 5 percent to $ 2,017.01, setting a new record. On the other hand, this 5.44% increase in the market value of this digital currency brought it to $ 230.7 billion.

Ethereum, which crossed the $ 2,000 mark just hours ago, continues to rise, according to Kevin Desk. According to experts, this process started a year ago.

Market data show that the price of Ethereum has risen 6.18% in the last 24 hours, reaching a new record of $ 2,033.08. The price increase brought the market value of this digital currency to $ 233.3 billion. Ethereum has grown 172.5% since the beginning of the year.

Although Ethereum reached a record high of $ 2,000, it was overshadowed by other significant events that took place in the hours before. One of the most important events is the $ 5,000 price increase of Bitcoin in the last 24 hours, which brought the market value of this digital currency to $ 1 trillion for the first time.

In any case, the rise in Ethereum prices and its growing popularity should not be ignored. At least three areas of growing demand have contributed to the rise in Ethereum prices; These three areas are Decentralized Finance (DeFi), Ethereum 2.0 Shares and EthereumChicago Mercantile Exchange (CME) futures.

Ethereum Powers’ interactions in the Chinese blockchain, which is well known for hosting a variety of decentralized finance applications including lending, buying and selling and forecasting markets, are often compared to the oil market. Ethereum-based applications are a natural tool for Ethereum; Because Ethereum is the digital currency needed to settle transactions. According to data from the Index Coop, the DeFi Pulse Index shows that digital currencies for decentralized finance have moved slowly alongside Ethereum, growing 83% in the last 30 days.

Ethereum Sharing has been accompanied by considerable support from investors and fans of this digital currency, and this has increased the demand for Ethereum. Ethereum 2.0 is a redesign of the Ethereum network based on a new consensus mechanism called Proof of Stake and Database Sharding. 2.7% of the offered Ethereum’s, valued at $ 6 billion, are deposited on the Ethereum 2.0 China blockchain. These funds are locked for the next 12 months.

On the other hand, large investors such as mutual funds may be interested in experiencing investment in this digital currency. The Chicago Mercantile Exchange issued cash settlement futures contracts for the digital asset on February 8. The total volume of these contracts exceeded $ 160 billion in the first week. As the Chicago Mercantile Exchange is one of the oldest and most trusted exchanges in the United States, offering this contract there could reflect the growth of Ethereum’s corporate acceptance.

Ethereum prices hit a new high of $ 2,000

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