Over the past few days, Ethereum’s price shot up from its $1500-1600 price range up to over $1840. The question on everyone’s minds these days and following months of sideways trading: could Ethereum and crypto be poised for a bullish market cycle and higher price levels? In this article, we’ll discuss Ethereum’s recent price increase, and discuss some of the possible reasons behind ETH’s recent price uptick. This article will then also discuss some of the new crypto coins such as ApeMax that are eliciting interest from Ethereum holders and ETH whales.
Why Ethereum Price is Going Up:
- Recent news surrounding Bitcoin ETFs have led to a bullish upswing in crypto markets across the board, resulting in increased demand for Ethereum resulting in a price increase.
- Several third party analysts and media outlets, including Galaxy Digital research, have published findings predicting that Bitcoin and Cryptocurrency prices could experience further growth, further fueling bullish market sentiment and renewed interest in major crypto coins like ETH.
- Crypto whales have also been looking at altcoins including younger tokens such as ApeMax, now available at presale and which can be purchased by eligible buyers in Ethereum.
- As Ethereum is the second largest cryptocurrency by market cap and the main chain used for smart contract related implementations, it is only natural that many are looking to Ethereum as the crypto market warms up.
How much has Ethereum price gone up by?
Ethereum’s price rose by over 19% in just 5 days from $1,547 on October 19th to $1,841 on October 24th.
This is the first time ETH broke the $1,800 price threshold since August 2023,
Following its sharp climb to $1841, Ethereum’s price then dropped slightly to $1,777 and then bounced back above $1,790.
As ETH’s price rose, another token, ApeMax, is also experiencing growth in its rapidly expanding presale, where buyers can acquire ApeMax by using Ethereum or other mainstream crypto tokens.
Some attribute the slight price decline following the peak to many holders taking their gains by selling some of their tokens.
Hot New Crypto Coin Generating Buzz Amongst ETH Whales:
ApeMax is the world’s first “Boost-to-Earn” crypto coin and a top new token garnering interest amongst Ethereum token holders and ETH whales. ApeMax shines with its unique new staking model referred to as “boosting”, a new decentralized protocol where stakers can earn by booting entities they like and potentially earn token rewards in a transparent manner.
The ApeMax presale is currently underway and open for a limited time only. During the ApeMax presale, interested eligible buyers can acquire ApeMax tokens at early presale rates, and also enjoy the exclusive Early Bird Loot Box discounts. ApeMax tokens can be purchased using a range of mainstream crypto coins including Ethereum but also BNB, USDT, USDC, BUSD, and Polygon (Matic).
>> Visit the ApeMax Website to Learn More <<
How much has Ethereum grown over the years?
Ethereum (ETH) was launched on July 30, 2015. It had a pre-sale in mid-2014, during which the initial price per Ether (ETH) was set at about 31,529 ETH per 1 Bitcoin (BTC).
ETH’s price in early August 2015 gravitated around $2.83, and climbed to a first peak in January 2018 when Ethereum’s price soared to $1,448 before sliding back down to $25o levels.
In the 2021 crypto bull market, Ethereum rose to an all time high of $4,815 on the 9th of November 2021
Early 2022 saw ETH’s price adopt a downwards trend in spite of momentary and short lived upswings and climbs.
In April 2023, ETH’s price broke past the $2,000 threshold and peaked at $2,118 on the 17th of the same month.
Over the past few weeks, ETH’s price has been trading sideways below the $1,700 mark, and surpassed this threshold on October 24th amidst bullish market sentiment.
Over the last few weeks, the ApeMax presale has been growing from strength to strength, attracting legions of ETH fans and crypto enthusiasts.
Why Ethereum (ETH) Price Exploded – Conclusion
The crypto market has been engulfed in a wave of optimism and excitement over the last few days as the price of Ethereum and other cryptocurrencies has experienced growth. Ethereum’s price increase can be attributed to a number of factors, including optimistic news surrounding Bitcoin ETFs and the ensuing bullish market sentiment which it has awoken in the crypto markets. Moreover, increased demand for ETH, and growing interest in this smart contract enabling blockchain have also contributed to Ethereum’s price increase as of late. While ETH experiences growth, other newer coins such as ApeMax have also been garnering buzz and attention, from Ethereum holders in particular, and the exclusive ApeMax presale has been rapidly expanding.
Although the crypto market has been going up recently, it’s vital to understand that cryptocurrencies have risks and can be subject to high levels of volatility, with potential price upswings and also sharp price decreases, even to zero in the case of some tokens. This article does not offer any financial advice. Prior to engaging in any crypto, it’s paramount to comprehend and acknowledge these risks, and not to spend more than you can accept to part with. Furthermore, acquiring crypto might not be the right fit for everyone. Cetrian coins, such as ApeMax, have regional buying restrictions whereby individuals from certain countries may not purchase this token. The ineligible areas list comprises several countries such as the USA, Canada, and more. Please refer to the official ApeMax website for the full details.
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