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Ethereum hits an all-time high at $1440

Photo of: Nathan VDH
by Nathan VDH

Records are no longer the monopoly of Bitcoin. The Ether in turn sets an all-time-high at nearly 1440 dollars. It surpasses its previous historical level, which was set in January 2018.

For several weeks now, Bitcoin has been accustoming market observers to setting new records. However, the Ether was also on a strong upward trajectory. Beating its previous ATH was therefore only a matter of time.

It is now done since Tuesday, January 19th. According to CoinDesk’s price index, ETH’s highest level is now $1439.33. This is slightly higher than the previous record of January 13, 2018 ($1,432).

The price of Ether has since fallen below this threshold. This growth was also interrupted last week, and more strongly. The fall of Bitcoin brought in its wake the native Ethereum token.

Nevertheless, Ether shows a more significant growth than Bitcoin in 2021 at about 90%, compared to 27% for the queen of cryptocurrencies. Messari also points out that since its introduction in 2015, ETH has gained more than 1000%.

And this rise of the token makes, among other things, the fortune of the founders of Ethereum, including Vitalik Buterin. According to Cointelegraph, the value of his personal ETH reserve has risen by more than 700% in just one year.

Buterin is not far away from joining the circle of crypto owners with capital of $500 million or more. Its main wallet is already worth a little over 470 million dollars. A year earlier, his ETH fortune was estimated at $58 million.

But as our colleagues point out, the great fortunes of crypto remain ahead. And the main explanation is their choice of Bitcoin. As Buterin himself recalled, he was selling half of his Bitcoin in 2013.

The surge in crypto prices, however, encourages the co-founder of Ethereum to be cautious. In December, he advised individuals against taking out bank loans to buy cryptocurrencies.

“Please don’t do this kind of thing. I would NEVER recommend that anyone take out a personal loan to buy ETH or other ethereum assets,” he warned on Twitter.

“Seven years ago, before ethereum even started, I only had a few thousand dollars in net worth. But I sold half of my Bitcoin to make sure I wouldn’t be ruined if the BTC dropped to zero,” he said again.