Ethereum Prices are inching towards a massive high range, an all-time record for the digital-altcoin-giant. Ether seems to be gaining momentum following the launch of Eth2. The newer range is predicted to kick the Decentralized Financial economy to an all-time high. The entire DeFi ecosystem may benefit from a shortcoming in low congestion and transaction fees.
Ethereum Prices VS BTC
President-elect Joe Biden has reportedly decided to make Gary Gensler the Chairman of the US Securities & Exchange Commission. Gensler was a professor of cryptocurrency and blockchain at the prestigious MIT University. The news fed as fuel for potential buyers in the crypto-industry, providing a short boost in its rise. Ethereum prices were also hiked.
Bitcoin still seems to be struggling, even though rising slightly. The bears are fighting over where the crypto-giant will next lead to. Over the weekend, several analysts reported that the digital firm was trading in a range of $34,955 to $37,850. Several other researchers are still having a positive behavior towards BTC in the market, while Ethereum prices keep rising. One of them said that investors could expect a continuous “high volatility” for a “positive trend.” Bitcoin also received a further mild boost from Stephen Harper, who said that BTC might have a place to “reserve currencies” that may “replace dollars.” Stephen is Canada’s former Prime Minister.
Several analysts have weighed in their opinions that Ethereum prices may follow in the footsteps of Bitcoin. The altcoin is raised to 5.43%. The Ethereum prices are trading for $1,327. PolkaDot is yet another altcoin that is managing to see positive behavior. Its price soared 75% just last week. Currently, the price of the latter is $16.80, and it indicates to reach a new high, $20.
Bitcoin now dominates only 67.7% of the entire cryptocurrency industry.
