Ethereum crossed $400 mark yet again, 10% up in 24 hours
Ethereum (ETH) price grew more than 9% during the last 24 hours, pushing the price passing $400 today. The price hit $429 at the press time, and the last time price achieved $400 was last week on the 6th of August. It reached a high of $403.49 on that day.
Ethereum and other Cryptocurrencies
The price hike recorded was not just for Ethereum. The price of coins including, Bitcoin achieved 1.96% and Ripple by 7.63% within the last 24 hours, respectively. This drove ETH’s trading volume to achieve new levels as well. It achieved $17,784,047,349 at $429.84 when comparing to when it was $12,408,772,745 at $391.02 on 12th of August. This records an increase of 10.43% during the last 24 hours. The growing interest in cryptocurrencies and decentralized finance (DeFi) likely to be behind the eruption of prices. DeFi is mainly an Ethereum based trend that grasped the attention of crypto fanatics.
DeFimania managed to grab many investors into investing in tokens based on Ethereum. With the possible launch of highly anticipated governance token from Curve Finance, a new chapter of DeFi to be written. An anonymous developer appears to be behind opening the doors for its launch.
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