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Ethereum Close to Hitting $4,000 While Cardano Aims to Return to Top 5

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Sun, 05/09/2021 - 08:15
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Alex Dovbnya
Ethereum is a hair's breadth away from hitting $4,000
Ethereum Close to Hitting $4,000 While Cardano Aims to Return to Top 5
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Ethereum, the largest altcoin, hit an all-time high of $3,983 at 7:17 a.m. UTC on the Bistamp exchange, coming awfully close to surpassing the $4,000 level. 

The new peak comes less than a week after Ether breached $3,000 for the first time on May 3. 

ETHUSD
Image by tradingview.com

As reported by U.Today, asset management giant VanEck filed to launch the very first Ethereum exchange-traded fund in the U.S on Friday, which is yet another catalyst for the cryptocurrency's seemingly unstoppable rally.    

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Cardano is gunning for the top 5

In the meantime, "Ethereum killer" Cardano is on the verge of returning to the CoinMarketCap 5. The gap between ADA and Tether (USDT) has narrowed to less than one billion. 

Cardano
Image by coinmarketcap.com

Cardano is currently the second-best performing cryptocurrency within the top 10 (behind only Ethereum).  

Back in February, Cardano became the third biggest cryptocurrency by market cap after its price soared in the run-up to the Mary upgrade.                     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.