On the morning of January 4, the price of Ethereum on the Binance crypto exchange reached $ 1,695 for the first time. Over the past day, the asset has risen in price by 7%, since the beginning of this year – by 137%. Cryptocurrency capitalization has exceeded $ 191 billion with daily trading volumes of $ 44 billion, writes RBC Crypto.
Amid the rising cost of Ether, transaction fees on its network have approached record highs of around $ 16.4, according to Bitinfocharts. Conducting transactions on decentralized exchanges operating on the Ethereum blockchain costs users $ 60-100. This is due to the fact that the cryptocurrency network cannot handle the load.
Earlier, JPmorgan’s global markets strategist Nikolaos Panigirtzoglu predicted that the emergence of Ethereum futures on the Chicago Mercantile Exchange (CME) could lead to a decrease in the value of the asset. The contracts are scheduled to launch on February 8th.
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