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What happened: Ethereum (ETH), the second largest cryptocurrency by market cap, has gained over 18.19% in the past 24 hours and was trading at $ 951.85 at time of press, with current cap over $ 103 billion.
The price of ETH has been rising since December 24, just after falling to $ 572, according to data from TradingView. Its all-time high was reached in January 2018, when the price shot up to $ 1,432.
Gemini Crypto Exchange founder and billionaire Cameron Winklevoss touted the strength of Ethereum in a Tweeter Friday.
$ ETH was the best performing asset (up 450%) of 2020 and still below its all-time high. Today it is the equivalent of 15K #Bitcoin I would take this bet all day
– Cameron Winklevoss (@cameron) January 1, 2021
What happened to Dogecoin: Meanwhile, after its skyrocketing 125% one-day jump yesterday, Dogecoin (DOGE) was trading at $ 0.0106 at press time, down 10% from the high of $ 0.0133 reached on Saturday.
Dogecoin is currently ranked 26th out of 8,164 cryptocurrencies in circulation, according to CoinMarketCap.
It had previously increased by 20% after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tweeted about it on December 20.
Total crypto market: Overall, the cryptocurrency market cap has reached $ 873 billion to date, with the top ten cryptocurrencies in the green at press time including Tether (USDT), XRP, Litecoin (LTC) and Polkadot (DOT).
Additionally, Bitcoin hit another all-time high today, surpassing $ 34,000 for a period of the day.
Image courtesy Pixabay.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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