The important cryptocurrency Ethereum (ETH) with a market capitalization of thirty billion dollars ($30b) is the second largest currency after Bitcoin.
Currently, ETH is trading at two hundred and seventy dollars ($270) and it’s market capitalization is also showing positive momentum in the market.
The year 2018 was not easy for ETH but this year seems to be bullish for the coin. The Ethereum foundation revealed that ETH will soon rise to new gains owing to rapid advancements in this coin. The ETH reached two hundred and eighty-five ($285) which were recorded an all-time high price for ETH.
ETH has shown good performance on the price chart and has maintained its good reputation in the market. The network is determined to process the data of all the users. The number of transaction per day is also increasing and the Binance revealed that it has surpassed 12-months high when it comes to transactions.
There is a great surge in the price of ETH and the analysts are speculating more increase in the price within the next few days to come.
Yesterday, the Ethereum network broke its record for Total Daily Gas Used. pic.twitter.com/c4ybS3vcoQ
— ETHGasStation (@ETHGasStation) May 30, 2019
The target of three hundred to four hundred dollars ($300-$400) will also be achieved if the bullish trends prevail.
The prediction that the ETH price will increase is not solely based on crypto market surge but also the whole ecosystem is showing positive momentum that can push the price to the new height.
Also, people are largely adoption this coin and it will provide the guideline to other cryptocurrencies in the near future.