ETH launches over 40%! Is the cryptocurrency market back?

After a difficult week for the world of cryptocurrencies, the market is up 4.09% again. According to the portal CoinbaseBitcoin has already gained almost 20% in value, and the second largest currency, ETH, has already surpassed 40%.

The “positive” cryptocurrency market is back.

ETH is worth over 40% ...

As we said before, when you hear that the cryptocurrency rate is very volatile ... it is even so. Cryptocurrencies are on the rise today, and the value can be huge the next day.

Today, the cryptocurrency market is on the rise, with the main and most powerful cryptocurrencies going up in price. As for ETH, yesterday it traded below € 1,500 and today it was above € 2,000. Despite this growth, the second digital currency has yet to reach 3500 euros until May 12.

According to the Coinbase platform, most cryptocurrencies are up after a week with huge breaks.

As a reminder, Ethereum is a platform based on Blockchain technology, and Ether is the cryptocurrency that this platform runs on. Bitcoin and ether differ primarily in their purpose. Bitcoin was created as an alternative payment method that could theoretically replace the current financial system one day.

The Etherum platform was created and designed to facilitate the creation of peer-to-peer contracts and applications over Ether. Although Bitcoin and Ether are cryptocurrencies, the main purpose of the latter is completely different.