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Home Cryptocurrencies

Ether’s Upward Surge Outperforms BitCoin

November 20, 2020
in Cryptocurrencies
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Today, Ether (ETH) reached $500 for the first time after more than two years of poor performance. Data from leading cryptocurrency trackers showed ETH/USD briefly hitting this significant barrier, before rejections halted its progress.

This achievement delighted traders as many could see that this cryptocurrency outperformed giant, Bitcoin (BTC) overall, as shown by their year-to-date returns; 284% for Ether and 155% for Bitcoin.

This increase comes in stark contrast to the price lows the altcoin experienced in mid-March, following the coronavirus-induced cross-asset crash. At the time, ETH/USD traded at just $117, making the recent upward jolt a 327% increase.

Alongside Ether’s rise, other major cryptocurrencies also showed signs of life, notably Litecoin (LTC), which gained 12% for the day and 7% for the month.

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Copyright © 2020 - All Rights Reserved

Disclaimer: All content, posts, articles, pictures, links, and information published here and throughout LegacyFX’s Blog are for informational purposes only and do not constitute an official opinion or call-to-action by LegacyFX. Opinions and information presented here may not coincide with other market reports and experts. Nothing presented should be construde as investment advice, recommendation, or suggestion to perform an actions with a financial instruments. The company carries zero influence over any markets and signals. Therefore, the company cannot be held liable for nor guarantee any profits or losses.

All content rights reserved. When copying or republishing the materials presented here, a link to blog.legacyfx.com or attribution in the format of "Provided by LegacyFX Blog" is required. Failure to comply with this rule may result in legal action. For general questions, please contact us via the form on the "Contact Us" page.