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Ethereum Price News: ETH Price is Up 83.9% in a Month

The value of Ethereum has witnessed a significant growth

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Ethereum Price News. The value of Ethereum has witnessed a significant growth over the course of a month and it is currently selling at $761.52. The steady growth following some encouraging news related to crypto industry has helped the price rise by $347.55 in few weeks. We have also observed the similar behavior in the value of Bitcoin, Ripple and majority of the virtual currencies.

The last seven days were also productive where an increase of more than $80 was observed and the value increased by almost 12%.

Big hope for the investors as Ethereum Price News appeared

However the value of Ethereum was way higher in January at $1338 but then it took the nosedive. Its current value is no way near to what it was in January but this is how the values are impacted. You can hardly predict the future value of any currency and that’s why we call it a volatile market.

It rose from the value of $88.66 in December 2017 to reach a sizable value in January.

Ethereum Price News: Ethereum Skyrocketing with 83.9% Increase-Provides Profitable Investment Opportunity

Factors behind this boom

Co-founder of Google Sergey Brin says that Ethereum has a significant role in the computing boom recently.

He says:

“We are truly in a technology renaissance, an exciting time where we can see application across nearly every segment of modern society.”

Sergey further added that there are multiple factors playing role in the boom of computing and Moor’s law is the most significant.

Co-founder of Google further says that the other reasons include greater demand because of advanced gaming and graphics needs. We can see GPU friendly algoriths in the top digital currencies including Ethereum.

The recent prediction about the Ethereum price increase

There are many market analysts and experts making bold predictions about different currencies. One of such recent predictions include Nigel Green’s forecast. The CEO of De Vere has recently foretasted that the price of Ethereum will reach $2,500 by the end of 2018.

Please Read: DeVere Group Forecasts Ethereum to Reach $2500 by December

He says:

“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020.”

Is this Great investment opportunity

Traders are always searching for favorable trading opportunities in the top digital currencies. The problem is that they can’t rely on any of the existing price charts or market analysis. We all know that no one can accurately predict the value of any currency at anytime. This forecasts gives a hope and opportunity to the traders. We will back up this observation in light of the current positive move from all the top digital currencies.

As predicted that Bitcoin’s value will reach $25000 by the end of 2018. You can read this article to get a deep insight into this forecast

See Also: Bitcoin to Reach $25000 by December 2018, Predicts Market King Tom Lee

Ripple is also performing well in the course of few weeks. There are plenty of options for the traders to invest and get the most out of the market.

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Tanveer Ahmad

Tanveer Ahmad is an experienced writer with deep insight into a variety of niches. His prominence lies in the detailed attention he puts to unveil the hidden aspects of his subject. His analytical approach to bring to the surface the futuristic possibilities of anything he writes about, especially on cryptocurrencies and politics are commendable. He eagerly wants a space to write about anything that could help humans develop positiveness in their behavior and to fine-tune their thought process to become an ambassador of peace, harmony, and love.

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