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Ethereum (ETH) hits $ 500 for the first time since 2018 – Cryptocurrencies

Shiny Ethereum crypto-currency background

A DeFi that exploded during the summer, the upcoming arrival of Ethereum (ETH) 2.0 with all the promises of Vitalik Buterin: despite the pandemic, Ether has had all the assets in its pocket to shine this year.

The price of ETH has crossed the $ 500 mark. Michael van de Poppe already places him well beyond this level even if he will have to wait before the next altseason.

It would have been better to invest in Ether than in Bitcoin

According to the latest data from Cointelegraph Markets, Coin360 and TradingView, theEther would follow the trajectory of Bitcoin (BTC) by approaching psychological market thresholds.

TheETH just hit $ 500 on November 20, 2020, the first time in 2.5 years, as altcoins slowly recover from the poor performance of the past few months.

Although the daily earnings ofEther peak at around 6%, traders are delighted with this news especially as the overall performance of theETH for this year are higher than those of Bitcoin.

The yields of Bitcoin currently stand at 155% compared to 284% forEther. In March 2020, Bitcoin dominated the market as theETH/USD was trading around $ 117.

Until November 20, 2020, theETH recorded a growth of 327% while that of Bitcoin was 411%, starting from $ 3,600 up to $ 18,420.

ETH at $ 20,000: no, that’s not a mistake!

Michael van de Poppe believes that the next rally of theEther could bring its price to 20,000 USD – Bitcoin it is not very far, it is trading around 17,000 USD.

During an interview with van de Poppe, the CEO of Nugget’s News, Alex saunders, indicated that the pair ETH/USD could exceed its ATH of $ 1,400 before the end of 2021.

The star of the moment remains Bitcoin which is currently facing selling pressure from the $ 19,000 mark.

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The launch of the beacon chain is scheduled for December 1, 2020, but it should logically be postponed for lack of sufficient validators. The prospect of a launch explodes the rate of Ether adoption and the amount of ETH HODlés – the 32 ETH club sees the arrival of new members who rely on staking to earn passive income on the new version of the network. Bitcoin has only one month left if it wants to outperform Ether this year. ETH bulls are also not going to just watch BTC bulls run.

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