Ethereum (ETH) now becomes the next token to have a major surge over the past few days, crossing the $260 mark, and sitting at $264 at the time of publishing. Yesterday, IIB reported the stand out surge of the XRP token, which has also been on the back of some excellent project-related news.
Several factors could point towards the particularly good rise of Ethereum, including the fact that the new HTC Exodus phone will support Ethereum and ERC-20 tokens. Trading analysis also has some people thinking that Ethereum will outperform Bitcoin in the next bull run.
And in what is perhaps the biggest positive sign for Ethereum, Amazon’s subsidiary Whole Foods will soon accept Ethereum for payments.
The resurgence of prices has everyone anticipating price levels near that of late 2017, and several well-known traders in the space have suggested that we may indeed be on the path towards all-time highs. Mike Novogratz, of Galaxy Digital, has said that bitcoin would hit $20,000 in 18 months and has shown a lot of conviction in Ethereum itself.