Importantly, while Bitcoin’s biggest alternative crypto Ethereum took nearly three months to grow from $1,000 as of January 4, 2021, to the $2,000 mark on April 2, 2021, and only 31 days to hit the $3,000-level on May 3, it added another $1,000 in the following seven-day period.
“Ethereum is undergoing the equivalent of three halving events over the next 12 months that will reduce its issuance by nearly 90 per cent.
On top of this NFTs and other product innovation on top of Etherium are now starting to see large-scale adoption,” Edul Patel, CEO and Co-founder at automated crypto trading platform Mudrex had told Financial Express Online.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds.