Ether continues its record-breaking run over the last 10 days, surpassing $ 4,700 for the first time.
The second largest cryptocurrency in the world based on its capitalization, reached $ 4,737 on Sunday night, according to data from Kraken, while on Monday morning it hovered at $ 4,720, an increase of about 2% in the last 24 hours.
The momentum of the cryptocurrency has strengthened after the Finder.com report in late October, which predicted that the price of Ether will exceed $ 5,100 by the end of the year, according to a poll by fintech experts. The same report predicts that Ether will exceed $ 50,000 by 2030.
Many cryptocurrency market experts believe that Ether will surpass Bitcoin as the No. 1 cryptocurrency by mid-2022, a fact called “flippening,” as Business Insider reported last week.
As of Sunday night, Ether’s market capitalization was still about half that of bitcoin. Specifically, at 554.5 billion dollars, against 1.226 trillion. dollars for bitcoin.
Ether has added 31% in the last month and has rallied 535% since the beginning of the year.
Meanwhile, an increase of 4% is recorded today by Bitcoin reaching $ 65,690. Bitcoin has strengthened by about 20% in the last month and its price has jumped by 125% since the beginning of the year.