Saturday, April 10, 2021

American Rapper Soulja Boy Anticipates Ethereum (ETH) Price Surge

Famous American rapper, DeAndre Cortez Way, popularly known as Soulja Boy, has some hours ago showcased his anticipation for the rise in the price of Ethereum (ETH), the second-largest cryptocurrency by market cap.

On 22nd March, the popular rapper took to Twitter to display his eagerness to see the rise in the price of Ethereum (ETH) by asking the crypto experts among his 5.2 million followers of the reason behind the lethargic growth of the cryptocurrency.

Read Also: Vitalik Buterin Adds 3,200 ETH worth $1.3 Million to the Ethereum 2.0 Deposit Contract Address

Soulja Boy tweeted, “Why isn’t ethereum moving?”

Soulja Boy Receives a Customized Ethereum (ETH) Address

The famous rapper has been showcasing his interest in Ethereum (ETH) since the beginning of the year.

Sometimes in late January, Soulja Boy revealed that he has received his personal Ethereum address: souljaboy.eth.

Read Also: Grayscale Buys Additional 10,000 ETH As Chinese Tech Giant Acquires another $28.4M in ETH

The customized Ethereum address was gifted to him by the co-founder of Rainbow wallet, Mike Demaris. This address makes it easy for users to send him ETH.

Meanwhile, the American rapper has been revealing his crypto portfolio with a growing interest in adding more viable digital assets.

According to his tweet, he has bought “some BNB, DGB, TRX, KLV, ZPAE, and FDO,” and asked his teeming followers of what coins he should buy next.

He had also stated that he would consider creating his own cryptocurrency, an ambition that called the attention of the creator of Cardano (ADA), Charles Hoskinson.

Ethereum (ETH) in the Market

Sometimes in late February 2020, Ethereum (ETH) managed to soar as high as $2,000, which was relatively 20% higher than $1800 attained in January 2018.

Howbeit, after a significant retracement, ETH hit a low of $1,373 on 28th February followed by a recovery to around $1,800.

Read Also: Popular Crypto Trader Is Favoring ETH Purchase over BTC, As He Predicts Ethereum Chain Split

A couple of hours ago, the price of Ethereum dropped to around $1,680 in correlation with the Bitcoin price trend. At the time of writing, ETH is trading at $1,713.23, with a 4% price downtrend in the last 24 hours.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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