Ethereum, the second largest cryptocurrency in market capitalization, surpassed another milestone by reaching the price of $ 2,000 and a market cap of $ 233 billion.
The bullish race in the crypto market continues in full force, with ETH rising almost 200% since the beginning of the year, when it was trading around $ 720.
Ethereum has been among the best performing crypto assets since the mid-March liquidity crisis in 2020, when it fell below $ 100 while Bitcoin plummeted to $ 4,000.
The cryptocurrency has seen nothing but gains since then, which has resulted in several records broken over the next 11 months.
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The ether entered 2021 at about $ 720. It took less than a month to double its value and break its 2018 record of $ 1,430.
Although these gains seemed impressive in themselves, but ETH was not yet over. The asset only improved its price performance and headed north into unfamiliar territory.
Now, about a month after breaking its previous record, Ethereum has successfully achieved another milestone – $ 2,000 each ether.
Didn’t leave Bitcoin behind
However, when comparing its price with Bitcoin (BTC), ETH has not shown a relevant increase since August 2018, as shown Dice from Coinmarketcap:
What the two main cryptocurrencies did was to leave the USD and other fiat currencies in the dust. At the time of writing this article, 1 US dollar buys just 0.00050 ether or only 0.000018 bitcoin.
With a market cap now hitting the $ 233 billion level, Ethereum is in the top 34 of the world’s largest assets according to AssetDash, surpassing the market cap of major brands such as Nike, Adobe and Coca-Cola.