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Ethereum cryptocurrency has grown 16 times since March last year and set a new record
nineteen.01.2021 [22:50],
Vladimir Mironenko

On Tuesday, the price of the second largest cryptocurrency Ethereum (ETH, ether) reached a new all-time high at about $ 1,440.

At about 15:00 Moscow time, the ether rate reached $ 1439.33, exceeding the previous record high of $ 1432.88, registered by the CoinDesk resource on January 13, 20221. Over the past day, the digital asset has grown by almost 12%, reaching a new peak.

Cryptocurrency Ethereum surpassed its previous peak almost two months after Bitcoin hit its record price in December 20021, reaching a new high above $ 41,900 earlier this month.

Ether outpaced Bitcoin in growth rates. Since the beginning of the year, its price has increased by 92%, while the bitcoin rate has grown by 27% over this period. Ether has grown more than 1,000% since its initial public sale in 2021, according to analyst firm Messari. And since March last year, its cost has increased almost 16 times – by 1574%.

The increase in the cost of ether, in addition to the factors that caused the growth of Bitcoin (increased investment, economic uncertainty), could be influenced by the addition of the Chicago Mercantile Exchange (CME) of futures on it, as well as the launch of the zero phase of Ethereum 2.0 in December 2021.

The result of the rise in the ether rate was another increase in the profitability of mining on video cards. At the moment, one GeForce RTX 3080 can bring its owner about $ 8 per day.

According to the forecast of the managing partner of the Moonrool Capital fund Simon Dedich, the cost of ether may double after the renewal of the all-time high – to about $ 3 thousand.

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