The price of Ethereum, the second largest digital asset in terms of market value, broke its previous record high of $ 2,150. Previously, Ethereum had the highest record of $ 2,041 on February 19. At the time of writing, each unit of this digital currency is being traded at exchange offices for $ 2,115.
to the Report Coin Telegraph, Ethereum, after its last record, doubled its daily charts, which saw a higher price floor in the second correction process. A few days after hitting a record $ 2,041, the market’s second-largest digital currency fell to about $ 1,293. On March 13, the price of this digital asset peaked again at around $ 1,943, and in the next few days, it will see another drop to the range of $ 1,546.
Coin Market ranks Ethereum Cap as the second largest digital asset on the market. This digital currency with a market value of approximately $ 243 billion at the time of this writing is higher than the third largest digital currency, Binance coin; However, there is still a long way to go to compete with the $ 1.1 trillion market value of Bitcoin.
Over the past few months, with the transition to Ethereum 2.0 (Eth2), the market’s second-largest asset has been in the news spotlight. Meanwhile, the role of Ethereum in decentralized finance, or DeFi for short, in increasing this reputation and popularity can not be ignored. The key goal of Ethereum 2.0 is to increase the scalability of the Ethereum network and the complete transfer of the network blockchain to the stock proof algorithm in the coming months.
The upward trend in Ethereum prices has been accompanied by the overall growth of the Bitcoin and other digital currencies. At the time of writing, Bitcoin is trading in the range of close to $ 60,000.