- It was reported that Ethereum broke its scoreboard record and reached a price of $1,428
- The market expects Vitalik Buterin to very soon share the scoreboard with the other crypto-owning giants
- In recent times the transaction value of Ethereum rose to $3 billion more than Bitcoin
As Ether breaks, it’s record price of $1,428. It is estimated that Buterin will soon join the crypto owners with $500 million in cash once again on the cryptocurrency market. The Ether’s current price that Buterin holds in his main wallet amounts to a total of $470 million. The co-founder of ETH in 2018 posted the address of the main wallet. VB 2 and VB 3 are the two other wallets that have tied up with Buterin. The fortune of ETH was as low as $58 million in January 2020. So, it is evident how soon Ethereum has grown in just one year. This rise has even escalated the hopes of Buterin, a long-term holder of Ethereum, who are expecting their positions to rise very rapidly in the coming days.
VITALIK BUTERIN IS STILL LAGGING IN THE CRYPTOCURRENCY RACE
As we know, Buterin is still behind in the cryptocurrency network race, which includes giants like Tim Draper, a renowned investor, Winklevoss twins, and Michael Saylor, CEO of MicroStrategy. One primary reason behind the list of crypto giants’ position is that Bitcoin holders dominate a vast portion of it. We are also aware that in 2003, Buterin sold almost 50 percent of its BTC to prevent it from breaking down. In the past, too, Buterin has sold part of its ETH fortune. But in 2018, 70,000 ETH liquidated to a price, which was the highest of all-times, and Buterin directed this.
THE PRESENT STATISTICS OF ETH IN THE CRYPTO MARKET
When the news reached us, ETH had surpassed almost 13 percent of its previous value in just 24 hours of trading. The level of return, which was ‘year-to-date,’ was 92 percent. There was a slight drop to a value below $1,300, but soon it regained its track and reached a price level of $1,440. Also, the transactions in Ethereum reached a value almost $3 billion higher than that of Bitcoin.
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