The price of the second largest cryptocurrency in the market by market capitalization has reached a new record high today above $4,700. Over the past 24 hours, the price of the asset has recorded a 3.07% increase, according to CoinMarketCap.
The crypto is currently trading at $4,729.29 with a market cap of $558.897 billion.
Over the last 24 hours, the price of Bitcoin has risen 6.53% and is trading at around $66,137. The BTC dominance rate is up to 43.5%, while the ETH dominance rate is up to 19.5%.
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The market capitalization of cryptocurrencies has surpassed the $3 trillion mark.
Last November 3, the price of Ethereum reached $4,639. At the end of October, ETH surpassed Bitcoin in terms of price growth rates with an indicator of 42.9% versus 39.9%, respectively.
It must be noted investment bank Goldman Sachs has predicted the price of Ether will grow to $8,000 by the end of 2021.