Bitcoin
BTC$36 440.02

-0.54%

Ethereum
ETH$2 391.51

-2.26%

Tether
USDT$1.000288

-0.01%

Binance Coin
BNB$380.90

2.83%

USD Coin
USDC$0.999656

-0.05%

Cardano
ADA$1.018466

-2.84%

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 76% 46 $36 440.02 -0.54% -6.27% $690 249 828 112 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.4% 60 $2 391.51 -2.26% -15.99% $285 413 947 340 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000288 -0.01% 0.01% $78 191 159 918 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 66% 65 $380.90 2.83% -10.73% $62 892 838 207 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999656 -0.05% -0.02% $49 469 609 170 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 63 $1.018466 -2.84% -16.24% $34 172 614 154 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 53 $0.595622 -2.09% -13.43% $28 433 155 075 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 66% 67 $88.51 -2.42% -27.36% $27 879 047 959 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 66.8% 73 $49.02 -18.93% -35.45% $19 644 476 734 LUNA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 64 $0.138977 -2.55% -9.51% $18 438 138 572 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 66.8% 68 $17.64 -1.41% -20.96% $17 421 416 458 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.2% 67 $62.75 -3.19% -16.79% $15 365 789 164 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000626 0.19% 0.02% $14 853 235 915 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 64.4% 74 $1.60 -0.20% -14.76% $11 930 161 847 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 68% 68 $0.000021 -1.22% -19.95% $11 257 222 749 SHIB 7 days price change

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