Over the past few weeks, there has been a lot to report in the cryptocurrency market, which never gets boring. From the Bitcoin (hardware wallet from 59 euros at Amazon) and Shiba Inu Coin surge to the Squid Game Crypto price surge, which unfortunately turned out to be a scam. The world’s second largest cryptocurrency, Ethereum, has rarely made headlines in recent weeks.
That has now changed because while most other major cryptos don’t seem to be overdoing it right now, Ethereum was able to hit a new all-time high with consistent gains. After a relatively small but fine price increase of a good 5% in the past 24 hours, Ethereum is priced at over US$4,500 (around €3,887) per token for the first time in its history. With a total value of US$531 billion, Ethereum naturally continues to rank as the second most valuable cryptocurrency.
Meanwhile, forecasts from some experts indicate that the current situation in the crypto market is best described as the “calm before the storm”. From a historical point of view, for example, November is considered the absolute best month for bitcoin, the price of which has increased by an average of 53% since 2011. One bitcoin currently has a price of 63,600 US dollars (approximately 54,900 euro). As always, such price predictions and predictions regarding Ethereum, Bitcoin and all other cryptos should of course be treated with caution.
This article is published for informational purposes only and does not constitute investment advice.
The tech bug caught me at a young age, when I took my first steps into PCs in the Pentium II era. Since then, modding, overclocking, and meticulous care of my hardware has just been part of it for me. During my studies, I also developed a particular interest in mobile technologies, which can make stressful everyday student life much easier. After finding my love for creating web content while working in marketing, I set out as an editor at Notebookcheck to research the hottest topics in the fascinating world of technology. Outside of the office, I have a particular passion for motorsport and mountain biking.