{"id":140369,"date":"2021-02-04T02:10:37","date_gmt":"2021-02-03T20:40:37","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=140369"},"modified":"2021-02-04T02:26:50","modified_gmt":"2021-02-03T20:56:50","slug":"another-first-for-ethereum-as-it-hits-1600","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/another-first-for-ethereum-as-it-hits-1600\/","title":{"rendered":"Another first for Ethereum, as it hits $1,600"},"content":{"rendered":"

The price of Ether is still climbing. On 4 February, the world\u2019s second-largest crypto asset by market cap breached another all-time high. Ether was trading well above $1,600 range, priced at $1,614.16 at press time, across all major crypto exchanges. In the past 24 hours, Ethereum hiked by 5%.\u00a0<\/span><\/p>\n

\"\"<\/a>
Source: Trading View<\/a><\/figcaption><\/figure>\n

The phased upgrade of the Ethereum network, which can process more transactions could have affected the price of Ether recently. After Ether’s recent surge, several DeFi tokens including Chainlink, save and Sushiswap followed the trend, registering price hikes.<\/span><\/p>\n

Ether\u2019s prices have more than doubled this year and have surpassed Bitcoin\u2019s performance as well. Over the year, Ether has gained 757.3% compared to Bitcoin\u2019s 293.8% yearly increase.\u00a0<\/span><\/p>\n

Institutional investors are not just eyeing Bitcoin at the moment. <\/span>Corporate buyers could be another reason why Ether\u2019s price has surged recently. The price of the asset could continue to increase especially as such investors are expected to further their positions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Ether is still climbing. On 4 February, the world\u2019s second-largest crypto asset by market cap breached another all-time high. Ether was trading well above $1,600 range, priced at $1,614.16 at press time, across all major crypto exchanges. In the past 24 hours, Ethereum hiked by 5%.\u00a0 The phased upgrade of the EthereumContinue reading “Another first for Ethereum, as it hits $1,600”<\/span><\/a><\/p>\n","protected":false},"author":34,"featured_media":140371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[32,66,3,20],"tags":[],"class_list":["post-140369","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum-news","category-new-news","category-news","category-trading-view"],"acf":[],"yoast_head":"\nAnother first for Ethereum, as it hits $1,600 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"On 4 February, Ethereum's Ether, the world\u2019s second largest crypto asset by market cap breached another all-time high\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/another-first-for-ethereum-as-it-hits-1600\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another first for Ethereum, as it hits $1,600 - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"The price of Ether is still climbing. 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