Ethereum Price Surge Is Due To One Singular Factor
Most top altcoins have experienced an upsurge within the last couple of weeks. Amid a booming altcoin scene, Bitcoin has sunk to a record low in terms of its share of the cryptocurrencies market, sitting at just 70.5 percent as of Friday.
There seems to be no pattern, though, in price movements among the top cryptocurrencies.
The rise in Ethereum price may have coincided with certain partnerships and developments within the community. However, the CEO and Founder at ether.camp, Roman Mandeleil, thinks that the rise in Ethereum value is more of a reflection of industry adoption.
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