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Ether Sees 530% Increase In 2021 And Closes in On New ATH

By Max - Bitcoin Broker - 01/12/2021

In recent news, the second-ranking cryptocurrency, Ethereum (ETH), appears to be making a speedy recovery after falling below $4000. By the end of December 2021, the price to buy ETH had risen by 7%. The slight increase had put Ether back on the top ten list of best-performing cryptocurrencies. More recently, the cost to buy Ethereum had seen further gains as it pushes close to a new all-time high. The token had reached its high of $4,780 recently before falling back to $4,742 at the time of writing. According to statistics, Ethereum is only a 1% increase away from its record high of $4,850. From the beginning of the year til now, Ethereum has seen an increase of 530% in total. To put it into perspective, at the start of the year, the price to buy cryptocurrency token ETH costed around $736 per coin. The token’s price performance has steadily outpaced crypto giant Bitcoin (BTC).

Part of the dramatic increase over the last year is due to the Ethereum Network becoming a part of the Metaverse. Many investors and fans of the Metaverse have previously predicted this outcome where Ethereum will join the Metaverse. Since Ethereum is such a large ecosystem and houses not only non-fungible tokens (NFTs) but also decentralised applications (DApps), it’s undeniable how perfect Ethereum would be in the Metaverse. Despite the platforms continuous growth, there are a few things that Ethereum struggles to resolve, such as it’s high gas fees.

If you are looking to Buy Ethereum UK or Sell Ether from your wallet, then you can head over to BC Bitcoin where you can safely start investing in cryptocurrency today.

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