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Ethereum‘s value has soared to an all-time high, reaching $A6015
It is the world's second most valuable cryptocurrency, and it may even aid Facebook's ambitious aspirations for an online arena that may eventually supplant cellphones.
According to CoinMarketCap, the whole crypto market is now valued at $A3.6 trillion, with ethereum accounting for over $A712 billion, making it the world's second most valuable cryptocurrency.
Ethereum's value has increased by 4% in just 24 hours due to its technology. It is planned to be utilised in the future to create any metaverse - an online world in which people can game, work, and chat in a virtual environment, frequently using a virtual reality headset made popular by Facebook.
The social media behemoth, dubbed Meta, recently declared plans to develop its own metaverse.
Additionally, Ethereum's technology is being used to trade digital artwork known as NFTs and to develop decentralised finance apps, which are likely to disrupt the financial sector.
According to some analysts, ethereum might continue to break records, reaching $A13,000 by Christmas and reaching $A67,000 by 2030.
Ethereum's meteoric surge has seen its price more than double since this time last year.
While the most popular cryptocurrency, bitcoin, is now trading at over $A90,000, some believe that ethereum is the cryptocurrency to watch.
"Bitcoin simply lacks the network intensity that ethereum possesses," Raoul Pal, a former Goldman Sachs executive and crypto investor, told his YouTube fans.
"Bitcoin is not like that."
Tony Sycamore, City Index's APAC market analyst, stated that his "bullish" estimate for ethereum was approaching $A5200.
He claimed bitcoin was trading at $A63,117, up 3.5% this morning, after the US Treasury signalled the prospect of a central bank-issued digital currency created by commercial banks and regulated by regulators.
"Technically, as long as bitcoin maintains above the support level of $A55,000 to $A53,000, a positive bias remains in place, and the expectation is for a retest and break of the $A67,000 high, followed by a push towards $A75,000 before year's end," he added.
The UK's banking regulator has cautioned investors that they should be prepared to lose their entire investment if they invest in cryptocurrency.
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By Crypto PiratesIt is the world's second most valuable cryptocurrency, and it may even aid Facebook's ambitious aspirations for an online arena that may eventually supplant cellphones.
According to CoinMarketCap, the whole crypto market is now valued at $A3.6 trillion, with ethereum accounting for over $A712 billion, making it the world's second most valuable cryptocurrency.
Ethereum's value has increased by 4% in just 24 hours due to its technology. It is planned to be utilised in the future to create any metaverse - an online world in which people can game, work, and chat in a virtual environment, frequently using a virtual reality headset made popular by Facebook.
The social media behemoth, dubbed Meta, recently declared plans to develop its own metaverse.
Additionally, Ethereum's technology is being used to trade digital artwork known as NFTs and to develop decentralised finance apps, which are likely to disrupt the financial sector.
According to some analysts, ethereum might continue to break records, reaching $A13,000 by Christmas and reaching $A67,000 by 2030.
Ethereum's meteoric surge has seen its price more than double since this time last year.
While the most popular cryptocurrency, bitcoin, is now trading at over $A90,000, some believe that ethereum is the cryptocurrency to watch.
"Bitcoin simply lacks the network intensity that ethereum possesses," Raoul Pal, a former Goldman Sachs executive and crypto investor, told his YouTube fans.
"Bitcoin is not like that."
Tony Sycamore, City Index's APAC market analyst, stated that his "bullish" estimate for ethereum was approaching $A5200.
He claimed bitcoin was trading at $A63,117, up 3.5% this morning, after the US Treasury signalled the prospect of a central bank-issued digital currency created by commercial banks and regulated by regulators.
"Technically, as long as bitcoin maintains above the support level of $A55,000 to $A53,000, a positive bias remains in place, and the expectation is for a retest and break of the $A67,000 high, followed by a push towards $A75,000 before year's end," he added.
The UK's banking regulator has cautioned investors that they should be prepared to lose their entire investment if they invest in cryptocurrency.
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