Ethereum’s Bullish Run

Ethereum is the second largest cryptocurrency by market capitalization behind Bitcoin. It operates through decentralized, open-source blockchains with smart contract functionality. This past Wednesday on January 20th, 2021 Ethereum broke $1,400 USD. CityAM posted an article explaining that this is the first time the cryptocurrency reached such a high price since 2018.

The 14% price increase in under 24 hours has had crypto-traders going crazy on social media for the past few days. @IvanOnTech tweeted his excitement about the event.

Another tweet from @newsereum put the market caps of crypto-coins built on Ethereum into perspective. Coins such as Maker and Aave have also been on the rise with over 5% increases in under 24 hours.

With so many people hopping on the Ethereum train, many are hopeful the price will go up even higher. Potentially making a bullish run up to 2K.

Crypto currency fans have even got to making memes and jokes about the coin. Adding a comedic tone to the eventful day in the crypto-twitter.