Ethereum (ETH) is on the rise as the global cryptocurrency market witnesses a rebound in prices
Ethereum is a cryptocurrency that allows smart contracts and Dapps to operate on your network. It was created by Vitalik Buterin, a Russian / Canadian software developer and is considered an evolution of Bitcoin. Perhaps that is why there is so much interest in the currency, especially now with its rise.
Ethereum (ETH) is back on the uptrend today, after gaining 14% in the past 24 hours. The cryptocurrency returned to $ 140.48 after rising from a fund at $ 123.25 yesterday, while adding $ 2 billion to its market capitalization.
Although the vast majority of major cryptocurrencies are in green today, Ethereum currently stands out as one of the best performers. Currently ETH is outperforming more than half the market, but lags behind Bitcoin (BTC) and Tezos (XTZ).
Graphic by: Decrypt
Ethereum has also seen its turnover gradually increase in the past few days, from a March low of $ 10.5 billion in exchange for hands every day last week, to more than $ 16 billion today.
Despite its recent bullish activity, Ethereum is yet to recover many of the losses suffered earlier this month – a time when the price of ETH fell from almost $ 250 to $ 100 before stabilizing.
Now, it returns 40% from its lowest point in the past month.