After breaking above $3,000 a week ago, ETH has added another $1,000 of value on its way to the latest record at $4,000.
Less than seven days after exploding above $3,000, the second-largest cryptocurrency has skyrocketed to $4,000. Thus, ETH is more than 400% up since the start of the year.
CryptoPotatoreported on May 3rd as Ethereum surpassed its latest milestone of $3,000. On February 20, 2021, ETH broke above $2K, shortly after breaking the previous January 2018 all-time high.
Although this was a significantly impressive performance of its own, keeping in mind that ETH was below $800 at the start of 2021, the asset has only intensified its gains in the following days.
After charting consecutive all-time highs above the $3,000 level, ether kept going upwards and tapped another significant milestone at $4,000 just minutes ago. In other words, ETH’s value increased by 33% in less than a week.
Despite being over 400% up since the start of the year, some experts predict even further gains for the second-largest cryptocurrency. Mark Cuban, the billionaire investor and owner of the Dallas Mavericks, recently listed three notable reasons why Ethereum could continue to be heading north and outperform bitcoin.
As a result of the aforementioned developments, ETH’s market dominance has gone up for a 3-year high at nearly 19%, according to CoinMarketCap.
AssetDash informs that Ethereum has entered the top 20 largest assets by market cap. As of now, ETH has a market capitalization bigger than giants like Johnson & Johnson, Walmart, Mastercard, NVIDIA, Bank of America, PayPal, and many more.
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn
