Ether Flies past $1000, Gains Over 36 Percent Under 24Hrs Out Performing Bitcoin On The Day

By: Dickson Arinze

January 04, 2021 1:14 AM

The second largest cryptocurrency at the Time of reporting by coinnewsafrica, is trading at $1055 with a daily trading volume of $48.24B, with the current  price of ETH it's market cap stands slightly over $120B.
ETH/BTC pair has passed the essential 0.026 level in just one daily candle on Jan. 3.

After staying weak throughout December while Bitcoin took all the headlines, Ether has rebounded in the first few days of 2021, and it's Sunday's performance could be the start of something much bigger with the rise of Defi it could be Ethereum year.

At press time, ETH/USD was approaching another landmark price levels of its own, taking aim at $1,050 on the back of 36% daily gains. The last time that the pair traded at four figures was in January 2018 where Eth went above $1500.

"$ETH was the best performing asset (up 450%) of 2020 hands down and still below its all-time high," Cameron Winklev,oss, entrepreneur, and co-founder of exchange Gemini, added on Twitter.

"Today it’s the equivalent of 15K #Bitcoin I would take that bet all day long." He added

Ether was has been loaded by lots of crypto Twitter  community as the next set for moon mission, with 2021 starting at this pace gives early promises of a blissful cryptocurrency year.