Bitcoin
BTC$69 135.35

0.39%

Ethereum
ETH$3 749.24

0.60%

Tether
USDT$0.999886

0.01%

Binance Coin
BNB$602.25

0.35%

Solana
SOL$168.45

0.39%

USD Coin
USDC$0.999984

-0.01%

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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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 80.8% 34 $69 135.35 0.39% 3.32% $1 362 207 405 241 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.4% 49 $3 749.24 0.60% 20.06% $450 406 009 355 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999886 0.01% -0.03% $111 924 580 011 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90.8% 6 $602.25 0.35% 3.75% $88 883 758 375 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 64 $168.45 0.39% -2.37% $75 703 178 826 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $0.999984 -0.01% -0.01% $32 725 200 351 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 94.8% 5 $0.541808 1.13% 3.92% $30 032 688 498 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 77.6% 35 $0.173961 6.20% 13.64% $25 127 052 131 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 69.2% 69 $6.38 -0.23% -0.30% $22 158 372 384 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 87.2% 20 $0.462085 0.56% -4.21% $16 491 451 331 ADA 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 75.2% 46 $38.29 0.79% 2.74% $15 044 254 301 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 82.4% 33 $0.000025 2.87% 1.23% $14 782 406 602 SHIB 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 80.4% 34 $69 101.03 0.28% 3.28% $10 743 591 141 WBTC 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 80.4% 29 $7.34 1.56% 2.47% $10 558 252 393 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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