Ethereum Keeps Exploding in the Crypto Market.

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Ethereum which is considered to be the world’s second most valuable cryptocurrency has been experiencing an explosion as more investors tend to buy the crypto.

On the FTX exchange market, Ethereum is trading at $1,532.05 with a 24 trading daily volume of  $26.6 Billion at the time of writing this article which represents that Ethereum is up by 11.54% for today.

According to Nairametrics,

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Ether is the crypto asset that powers the Ethereum network. Crypto developers build apps on the Ethereum network, as it offers a unique type of decentralized software platform, which is different from the flagship crypto, which is designed to just be a currency or store of value.

The Managing Director of FD7 Ventures in the person of Prakash Chand, also mentioned that Ethereum might be better than Bitcoin in the nearest year to come.

In his word,

“I’ve been lucky enough to spend lots of time with the brightest minds in crypto and I’m willing to bet that each of Ethereum, Cardano, and Polkadot will be more valuable than Bitcoin within the next few years,”

According to Elias Simos Tweet on Twitter,

That being said there has never been so much sustained activity of addresses interacting with Ethereum.

The 3-month average of aa’s has broken over its previous all-time high and it doesn’t look like it wants to go back!

On this note, Ethereum is at the top of their game as even Ethereum miners have an edge over their competitors as it surpasses Bitcoin miners on transaction fees charged for some months now.

According to the metric revealed by Messari, a Crypto market data aggregator, this is the longest period in the history of crypto assets in which Ethereum’s transaction fee revenue surpasses Bitcoin.

Conclusion

Ethereum which is the second most valuable cryptocurrency has been experiencing an increase in market value due to the number of investors buying and investing with the crypto.

Ethereum is trading at $1,532.05 with a 24 trading daily volume of  $26.6 Billion at the time of writing this article which represents that Ethereum is up by 11.54% for today.

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