Ether price

Famous Altcoin Ethereum Surges To All-Time High Of $3,000

One of the world’s most famous altcoins, Ethereum, surpassed the $3,000 mark for the first time since its launch in 2015, per data from Coinmarketcap. Reportedly, the recent surge made the brilliant co-founder of ETH a billionaire, with his total Ethereum assets now valuing at around a whopping $1 billion. Not only that, but he also has numerous other crypto coins in his wallet.

Although Vitalik Buterin had disclosed his main wallet in 2018, media reports suggest numerous other undisclosed addresses. However, the twenty-seven-year-old claimed that those were pretty small. Thanks to the recent soar in ETH prices, Buterin is now officially the second-richest self-made billionaire globally.

Since the start of this year, Ethereum has surged to new heights and has remained stable compared to Bitcoin. The second largest crypto asset by market cap is up by a whopping 316 percent. Despite the outstanding gains, many altcoin supporters, including Fundstrat, believe that the ETH can still go higher.

Source: Infinite Market Cap

Ethereum’s rise on the several cryptocurrency exchanges has made it surpass some of the major global companies, including the Bank of America and Walt Disney, with $337 billion in total market cap. 

On the other hand, the world’s most famous coin is currently sitting at a $1 trillion mark. The bullish run comes amid the growing speculations that the ETH could soon replace Bitcoin as the world’s most famous cryptocurrency.

Source: Glassnode

Meanwhile, available data from Glassnode suggest that the surge comes as the Network Value to Transaction (NVT) is driven backward. The low ratio of NVT suggest an increase in transaction volumes, growing faster than the ETH market cap. 

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