Top crytocurrencies surged higher against USD this week. These are positive signs for the crypto market specifically for the current Ethereum price against the US dollar and bitcoin.
Ethereum to US dollar is above $800, and Etheruem to Bitcoin trades 0.0824 BTC at press time (10 am GMT), as a result of a healthy development for the cryptocurrency in accordance with the Coinmarketcap. Ethereum to Bitcoin ratio soared to 0.15 BTC last 2017.
March 2018, Ethereum succeeded in breaching the resistance and soared above $800. Bitcoin is maintaining strong gains with $10k.
Last 24 hours, the demand for Ethereum has not declined a bit with a trading volume of over $4.07 billion.
Binance, largest cryptocurrency exchange by Ethereum trading volume, has lost its position to BitFinex while Huabi having the third place.
In an interview, Alex Ohanian, Reddit co-founder, foresee that bitcoin will rise but Ethereum will do better.
“At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.” Ohanian says.
It would be a challenging race for the cryptocurrency, but one things is sure in crypto market, nothing is impossible.