Bitcoin
BTC$20 068.63

-1.43%

Ethereum
ETH$1 104.51

-5.21%

Tether
USDT$0.998954

0.01%

USD Coin
USDC$1.000156

-0.01%

Binance Coin
BNB$218.95

-6.27%

Binance USD
BUSD$0.999777

-0.07%

Ethereum hits new ATH after Altair upgrade shows clear path to the merge


29 Oct 2021

#Ethereum

The price of ETH has been on a bullish tear recently. After dropping to around $1,780 on July 21, it has since gained 147% to sit at around $4,400. The price of Ether (ETH) has bounced to a new all-time high (ATH) on Friday as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexes on Coinbase and CoinMarketCap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. CoinMarketCap’s price index indicates that the previous ATH was only eight days ago, with the asset reaching a price of $4,308.48 on Oct. 21.

ETH has been on a bullish tear since dropping to around $1,780 on July 21 and has since gained 147% to rise to a new point of price discovery.

Cointelegraph reported on Thursday that the Ethereum 2.0 Altair Beacon Chain update had a successful start, with 98.7% of the nodes upgraded at the time. A successful Altair upgrade to the Beacon Chain was seen as an important factor clearing the way to the merge with the Ethereum mainnet and the transition to a proof-of-stake consensus mechanism in Ethereum 2.0.

Ethereum’s success is also being driven by the platform’s use in the booming decentralized finance and nonfungible token sectors. They highlight ongoing rising demand for Ether in the future, thus ensuring additional tailwinds to its bullish outlook in Q4 2021 and possibly into 2022. Since July, Ethereum has also undergone important upgrades, such as the London hard fork that introduced a deflationary burning mechanism to the asset as part of the network’s fee structure.

The overall market sentiment in crypto has also been positive of late, with the United States Securities and Exchange Commission approving multiple Bitcoin futures-based exchange-traded funds to launch on the New York Stock Exchange. Bitcoin (BTC) hit new all-time high prices in the wake of the news.


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# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 58.4% 92 $20 068.63 -1.43% -0.84% $382 919 799 820 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 58% 90 $1 104.51 -5.21% 2.13% $134 027 277 201 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.998954 0.01% 0% $66 755 042 282 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000156 -0.01% 0% $55 811 301 014 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 57.6% 89 $218.95 -6.27% 0.84% $35 748 904 822 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $0.999777 -0.07% -0.02% $17 512 144 538 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 62.4% 80 $0.328267 -3.88% 1.44% $15 869 429 999 XRP 7 days price change
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12 Dai (DAI) DAI Dai predictions 96% 1 $1.000240 -0.01% -0.01% $6 728 893 677 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 55.6% 91 $0.064621 -2.94% 1.46% $5 976 980 702 TRX 7 days price change
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