Monday, September 28, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Ethereum (ETH) Leads the Price Rally; Breaks Above $260. What Is Next?

    Must Read

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ),...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    The crypto market is gearing up for a new price rally, and the second-largest cryptocurrency by market cap, Ethereum (ETH) is so far setting the pace for other digital currencies.

    In the wake of the crypto custody approval for the United States federally chartered banks, the prices of the majority of cryptocurrencies have seen a slight increase, led by Ethereum (ETH) that just surpassed $260 resistance level.

    Ethereum (ETH) Sets the Pace

    Ethereum (ETH) has been up and running over the past few hours. The digital currency remains the best performer among the top 10 cryptocurrencies, including Bitcoin (BTC), and the digital tokens that have been showcasing big moves over the past few weeks.

    Bitcoin (BTC) has also managed a price uptrend. It recently broke above $9,500 resistance level after a 1.65% upward trend. However, Ethereum has notably outperformed the king of coins. At the time of filing this report, ETH is trading at $263.24, with about 7.81% price uptrend in the last 24 hours.

    Ethereum (ETH) Leads the Price Rally; Breaks Above $260. What Is Next?
    Courtesy of CoinMarketCap

    Predictions Related To This Recent Upsurge

    There were positive predictions prior to this recent price upsurge experienced by Ethereum (ETH). But the most notable one came on 21st July, from a famous macro investor, Raoul Pal, via his official Twitter handle. Back then, ETH was trading far below $250 price level.

    In the tweet, Raoul Pal asserted that the cryptocurrency is on the verge to experience a huge price rally, captioning a chart to support his claim.

    He tweeted, “Ethereum looking very close to breaking out on the back of the Alts rally.”

    There is a possibility for the digital token to continue its price rally, considering the prediction from a cryptocurrency analyst famously known as Crypto Michael.

    In his prediction, he stated that ETH is poised to surge beyond $500 resistance level. So, ETH may not stop at this present price level, as many crypto pundits believe that the bull market is here.

    CZ Binance Displays Interest in Ethereum (ETH)

    The CEO of Binance, Changpeng Zhao, popularly known as CZ displayed his interest in Ethereum (ETH) during a conversation on the Altcoin Daily YouTube channel. In the course of the lengthy discussion, he pointed out that he has strong support for Ethereum.

    CZ Binance noted:

     “So, I don’t really have a strong private preference (for cryptocurrencies), they change all over time. I do support the sort of top coins a bit more; I support Ethereum strongly as well.”

    Speaking on why he supports Ethereum, he said that the network supports a lot of innovations in the cryptocurrency ecosystem with its smart contracts.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most relevant crypto asset for wholesale...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ), and ten other digital assets...

    Speculation among XRP Investors on Ripple Announcing More Notable Acquisitions Following CEO’s Statement

    There has been a growing speculation among the XRP community members that says that Ripple, the cross-border payment firm, is on the verge of...

    VeChain Integrates Coinbase’s Rosetta to Simplify Blockchain Interoperability

    A few hours ago, VeChain Foundation announced the integration of Rosetta, the Coinbase’s toolkit designed to simplify blockchain development and interaction. The open-source blockchain project...

    More Articles Like This