On Thursday’s Asian trading session Ethereum Price (ETH) hit an all-time high, Bitcoin’s (BTC) broke $50,000 ATH and cryptocurrencies like Cardano, Binance Coin, Litecoin, Aave, Monero, Uniswap, and Steller witnessed double-digit gain!
Ethereum is now just 3.975% away from breaking the psychological barrier of $2000, it first broke the $1000 barrier in January 2018. Unfatefully, in the December of the same year the cryptocurrency had collapsed by almost 95% hitting a rock bottom price of $80. It was only in late July of 2020, that the crypto coin topped $400 for the first time in two years. By the end of 2020 Ethereum was trading at $700. By February 2021, Ethereum prices have monumentally surged by 170%.
Ethereum and Bitcoin remain to be the topmost grossing crypto assets. They have combinedly driven the total market capitalization of crypto assets to $1.62 Trillion, this exceeds the total market capitalization of Alphabet (Google) which stands at $1.424 Trillion. By market capitalization, cryptocurrency as an asset class is as valuable as companies like Apple, Microsoft, Saudi Aramco, and Amazon. Topping Google and Facebook, Crypto Assets’ total market cap is at the fifth position in the world.
Along with Bitcoin and Ethereum, other big movers of the day included: Cardano and Litecoin each gained 12%, and Binance Coin which gained 32%. Xcellab’s XcelToken Plus (XLAB) has gained 1.4% since the last trading day and a whopping 108% gain in the last two weeks. Buy hold and sell XLAB at $0.00005489. XLAB is available for trading at LAToken, CoinGecko and XcelToken Exchange.