Ether Hits All-Time High - Views of ZebPay

Ether hit an all-time high of $1,440 on Tuesday.

Mr. Rahul Pagidipati, CEO, ZebPay:

"Ether is breaking all-time highs for a few reasons. Ether tends to follow Bitcoin. Now that Bitcoin has hit record highs and is consolidating, investors are adding ether. Together they constitute about 80% of the total crypto market cap and are the biggest on ZebPay. The big new development is the Ethereum 2.0 protocol, with the ability to stake your ether and earn interest. Nearly 3 million ETH ($3.8 billion) have been locked up for long-term staking, removing them from the buyable supply. With lower supply come higher prices. As more people see new applications for the Ethereum protocol, like staking, they're realizing that ETH is real and has lasting value, just as they are realizing the truth about Bitcoin. Owning one full bitcoin is probably a dream now for most people. But you can still buy a full Ether for 1 lakh, still in reach for many. Those who remember 1 lakh bitcoin may be thinking that this opportunity won't last for much longer."

Source : Equity Bulls

Keywords