ETH Breaches $1,500 Level As Ethereum Adds Over $20 Billion To Its Market Cap

Ethereum (ETH), regarded by the crypto community as the “king of altcoins,” is finally being talked about in a positive way after being the recipient of negative criticisms as it failed to capitalize on its loudly-hyped “merge” update. After all, following the bullish momentum that propelled the overall valuation of the crypto market to over $1 trillion once again on Thursday, the digital currency is all-green on its price charts. According to data from Coingecko, as of this writing, ETH is changing hands at $1,546. While it only managed to climb by 1% over the last 24 hours, the asset is sitting on a 20.4% increase for the past week. In that department, the number one altcoin managed to outperform Bitcoin – something that is rarely seen since the two assets were pitted by the crypto space against each other. Related Reading: Hedera: A Quick Evaluation Of The Network – And How HBAR Performed This Week Ethereum Market Cap Swells Anew Not only did Ethereum manage to breach the crucial $1,500 marker that proved to be challenging for the crypto asset over the last few weeks. Before arriving at its current spot trading price, the altcoin king settled for $1,347. With its impressive price pump, its market capitalization ballooned to $186.395 billion. ETH ended up being richer by over $20 billion as its overall valuation on October 25 was only a little over $164 billion. If the asset continues this momentum, it might enter the month ...