Ethereum expected to hit R72k and break fresh all-time highs

www.iol.co.za
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The Ethereum price is likely to hit R72 000 over the next seven days as the cryptocurrency reaches new all-time highs.
The Ethereum price is likely to hit $5,000 (R72 000) over the next seven days as the cryptocurrency reaches new all-time highs.

The bullish prediction comes as Ether, the token transacted on the Ethereum blockchain, and the world's second largest cryptocurrency after Bitcoin smashed past $3,000 on Monday for the first time.

Ether is up more than 300% for the year so far, which is far greater than the 95% jump in the headline-grabbing Bitcoin.

Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market. The boom over recent months has been fuelled by soaring interest from major institutional investors and growing recognition that borderless digital currencies…
Nigel Green
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