Ethereum Reaches $195 Mark, Highest Since October 2019

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Ethereum on February 3, 2020, is $195 after a 5% growth within 24 hours.
  • Mars Financial showed that Ethereum started its upward growth on January 3, 2020, as the price fluctuated from $125.
  • On January 23, TrustNodes news revealed that the ETH 2.0 mortgage contract is through the last obstacle for the Runtime verification.

On February 3, Mars Financial app revealed that Ethereum is the leading mainstream currency at the moment. The price reached a maximum of $195, which has been the highest amount noticed since October 27, 2019.

Mars Financial showed that Ethereum started its upward growth on January 3, 2020, as the price fluctuated from $125. On January 14, the price jumped from $143 to $170, showing a growth of 15%. Over the next week, the value stabilized around $179.

The growth began, once again, on January 26, as it stood at $160. The price reached $170, then find $180 and finally close to $190 over the next week of trading. Now, on February 3, 2020, the value of Ethereum is $195 after a 5% growth within 24 hours.

Responding to the strong market trend of Ethereum, Industry insiders have concluded that the rebound in the value of the cryptocurrency can be attributed to these factors.

Ethereum 2.0 mortgage contract is ready

On January 23, TrustNodes news revealed that the ETH 2.0 mortgage contract is through the last obstacle for the Runtime verification. This clearance meant that the mortgage contract is available for execution, but whether it will launch on the testnet or the mainnet, it isn’t clear.

Development in the investment field-CFTC

Heath Tarbert, chairman of the US Commodity Futures Trading Commission, talked about an interview with Bloomberg, where he claimed that the future of Ethereum is in the pipeline. Even last October, he mentioned that Ethereum futures might start trading in 2020.

The amount of Ethereum held by the miners is at the highest level in the history of mining. On February 1, the data platform Santiment reported that the Ethereum miners have the highest amount of ETH.

The report further mentioned that ETH accumulated by the miners would be the highest in history. At the time of the report, the Ethereum balance was around 1.69 million coins. This report suggests that miners are confident regarding the future of Ethereum.

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