Cryptocurrencies are rapidly increasing in price this year. We are not in time to inform you about all price records already achieved - they are updated every hour and every day. The growth leader and sensation of this year is Ethereum, which in just four months rose by 554.2%. Exactly a year ago, in May 2020, 1 ETH could be bought for $198. Today, you will have to pay at least 4099 USD.
Over the past 30 days, Ethereum has added +100% to its value. The rapid growth was made possible by increasing trust in cryptocurrencies from the world's leading brands, such as PayPal, Mastercard, and Tesla. In addition, the value of Ethereum is becoming more expensive as applications and smart contracts popularity have grown. At the same time, the mining of this cryptocurrency remains very problematic: a standard gaming computer is suitable for this, but they were in deficit and their cost became very high.
During the writing of this review by our team, Ethereum has risen in price by another $100. How many profitable trades could you open during this time? How soon, at this pace, will Ethereum catch up to the value of Bitcoin? We don't know. However, we are sure that this is not the maximum yet, and perhaps in a week we will inform you about the next achievement of Ethereum in conquering the $5000 mark instead of 4099 today, or perhaps we just won't be in time to do it, because in a week it will cost twice more.
It should be noted that Ethereum is not the only cryptocurrency capable of rapid takeoff. For example, the well-known Litecoin has risen in price by 20% today and is already worth $402, though just a year ago, in May, 1 LTC could be purchased for just $41.90.
Whichever cryptocurrency you choose, you can trade with SuperForex and our special Crypto-USD account available on the STP and ECN servers.
