The cost of Ethereum has reached a mark of $ 4477, the Coinmarketcap data is evidenced. The price of the second cryptocurrency of the world, therefore, broke the historical record.
By the time of writing the news, the cost slightly decreased and amounts to 4434 dollars (growth per day – 3.39 percent), market capitalization is approaching 526 billion dollars. The most popular cryptocurrency, Bitcoin, is also strengthened: the cost is approaching $ 63200.
October 29, cryptocurrency also broke the record: the price of Ethereum for the first time in history exceeded 4.4 thousand dollars. In August, EtherEUM developers have released an update that has transformed a transaction commission accrual mechanism. Part of the commissions that miners received as a remuneration was previously destroyed, which should allow to overcome cryptocurrency inflation.
Former investment bank employee Goldman Sachs and Director General of Real Vision Raul Pal believes Ethereum more promising than Bitcoin, indicating the deficit of the proposal. Some market participants suggest that in a few years Ethereum will surpass Bitcoin in terms of growth rates. 42 percent of investors called Ethereum cryptocurrency with the most convincing prospects, showed CoinShares survey.