- The Ethereum to dollar rate can be tracked on the IAFT website How the Ethereum exchange rate against the dollar has changed in recent days.
- Fluctuations in the rate of Ethereum – one of the most popular cryptocurrencies today – continue.
- On the last day of November 2021, its value increased by 7%, reaching $ 4300 per 1 unit, approaching its all-time high. In early November, the price of this cryptocurrency reached $ 4,800.
The Ethereum to dollar rate can be tracked on the IAFT website
How the Ethereum exchange rate against the dollar has changed in recent days.
Fluctuations in the rate of Ethereum – one of the most popular cryptocurrencies today – continue. Volatility remains high. On the last day of November 2021, its value increased by 7%, reaching $ 4300 per 1 unit, approaching its all-time high. In early November, the price of this cryptocurrency reached $ 4,800. Its share in the world market now exceeds 1/5.
Why Ethereum is being bought
Many experts agree that the “whales” (large players with large capital) decided to take advantage of the general decline in the cryptocurrency market to buy altcoins based on Ethereum.
Altcoins will have a stronger influence on the global market in the near future. The share of bitcoin during the first 5 months of this year decreased from 70% to 40%. And the share of Ethereum has doubled.
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This cryptocurrency was created in 2015. Since then, its price has increased thousands of times. For 6 years there was an uneven upward movement, interrupted by strong falls. The cost of “ether” in dollars sometimes decreased by 80%. However, every time he managed to win back the fall and re-enter the confident growth. And today, analysts agree that the best times for Ethereum are yet to come.
Vitaly Buterin, the founder of Ethereum, a Canadian specialist of Russian origin, was inducted into the virtual hall of fame created by Forbes magazine in the 30 to 30 nomination. For the first time, Buterin was included in this nomination at the age of 23, when the total market value of Ethereum was just under $ 30 billion, and Buterin’s personal fortune was about $ 400 million. Now these figures are $ 500 billion and $ 1.4 billion, respectively.
Ethereum is growing in popularity. As a result, its total mass in the market is shrinking, because it is being bought up by long-term investors, i.e. not intending to sell this asset in the near future.
Ethereum was able to push even bitcoin a little, which also continues to demonstrate an unstable rate with very high volatility. During the last days of November, its value first fell by 10%, then there was an attempt to win back this fall. According to experts, by the morning of November 29, the purchasing power of investors was running out. If this assumption is confirmed, then in the near future it is unlikely to expect an increase in the bitcoin rate above 59 thousand dollars.It seems more likely now to fall to 53.3 thousand.