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Ethereum Soars to Record High

This is a syndicated repost courtesy of Statista | Infographics. To view original, click here. Reposted with permission.

The cryptocurrency Ethereum soared this week to a new record value, a touch over $3,500. When looking at the currency’s journey to this price, it is clear that ‘soar’ is the correct verb to describe this rapid rise.

As with many cryptocurrencies this year, the growth spurt really got going in the early stages of 2021. Since the start of the year, Ethereum’s price has increased by over 300 percent. Having hovered around the $200-400 mark for much of 2020, the currency has remained above $3,000 since May 3.

This chart shows the price development of the cryptocurrency Ethereum.

ethereum price

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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