{"id":508137,"date":"2022-10-27T13:40:42","date_gmt":"2022-10-27T13:40:42","guid":{"rendered":"https:\/\/wncen.com\/?p=508137"},"modified":"2022-10-27T12:08:06","modified_gmt":"2022-10-27T12:08:06","slug":"eth-breaches-1500-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/eth-breaches-1500-level\/","title":{"rendered":"ETH Breaches $1,500 Level As Ethereum Adds Over $20 Billion To Its Market Cap"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Ethereum (ETH), regarded by the crypto community as the \u201cking of altcoins,\u201d is finally being talked about in a positive way after being the recipient of negative criticisms as it failed to capitalize on its loudly-hyped \u201c<\/span><a href=\"https:\/\/ethereum.org\/en\/upgrades\/merge\/#:~:text=Ethereum%20Mainnet%20uses%20proof%2Dof,now%20existing%20as%20one%20chain.\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">merge<\/span><\/a><span style=\"font-weight: 400\">\u201d update.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After all, following the bullish momentum that propelled the overall valuation of the crypto market to over $1 trillion once again on Thursday, the digital currency is all-green on its price charts.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, as of this writing, ETH is changing hands at $1,546. While it only managed to climb by 1% over the last 24 hours, the asset is sitting on a 20.4% increase for the past week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In that department, the number one altcoin managed to outperform Bitcoin \u2013 something that is rarely seen since the two assets were pitted by the crypto space against each other.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/hedera-a-quick-evaluation-of-the-network\/\" target=\"_blank\" rel=\"noopener \">Hedera: A Quick Evaluation Of The Network \u2013 And How HBAR Performed This Week<\/a><\/div>\n<h2><b>Ethereum Market Cap Swells Anew<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Not only did Ethereum manage to breach the crucial $1,500 marker that proved to be challenging for the crypto asset over the last few weeks. Before arriving at its current spot trading price, the altcoin king settled for $1,347.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With its impressive price pump, its market <\/span><a href=\"https:\/\/finbold.com\/over-20-billion-pumps-into-ethereum-in-24-hours-as-eth-breaks-past-1500\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">capitalization<\/span><\/a><span style=\"font-weight: 400\"> ballooned to $186.395 billion. ETH ended up being richer by over $20 billion as its overall valuation on October 25 was only a little over $164 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the asset continues this momentum, it might enter the month of November with prices that might be closer to its all-time high (ATH).<\/span><\/p>\n<p><span style=\"font-weight: 400\">It can be recalled that on November 10, 2021, Ethereum hit a milestone changing hands price of $4,878. ETH, however, already lost 68.3% of that value as it struggled to gain enough steam for a bullish run despite undergoing a major network development this year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It\u2019s interesting to see how the Bitcoin rival will end this month of October which is said to be a friendly one for all crypto assets.<\/span><\/p>\n<h2><b>Ethereum Surpasses Predicted November Price<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The ETH community has always been very vocal about their price <\/span><span style=\"font-weight: 400\">prediction<\/span><span style=\"font-weight: 400\"> for the crypto. In fact, in the past, they have predicted that Ethereum will trade at $1,488 by the end of next month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But the digital asset has managed to surpass that forecast before October ends. This would mean that if, over the next few weeks, ETH manages to sustain its current price or move to even higher levels, it will experience price correction before exiting November 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The asset\u2019s community will be more than happy to be proven wrong with their prediction as long as they witness a continued bullish trend for Ethereum.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours\/\" target=\"_blank\" rel=\"noopener \">Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Sx5g9mgb\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">ETH total market cap at $189 billion on the daily chart | Featured image from Nairametrics, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a>\r\n\r\nDisclaimer: The analysis is based on the author's personal knowledge and should not be construed as investment advice.<\/pre>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH), regarded by the crypto community as the \u201cking of altcoins,\u201d is finally being talked about in a positive way after being the recipient of negative criticisms as it failed to capitalize on its loudly-hyped \u201cmerge\u201d update. After all, following the bullish momentum that propelled the overall valuation of the crypto market to over $1 trillion once again on Thursday, the digital currency is all-green on its price charts. According to data from Coingecko, as of this writing, ETH is changing hands at $1,546. While it only managed to climb by 1% over the last 24 hours, the asset is sitting on a 20.4% increase for the past week. In that department, the number one altcoin managed to outperform Bitcoin \u2013 something that is rarely seen since the two assets were pitted by the crypto space against each other. Related Reading: Hedera: A Quick Evaluation Of The Network \u2013 And How HBAR Performed This Week Ethereum Market Cap Swells Anew Not only did Ethereum manage to breach the crucial $1,500 marker that proved to be challenging for the crypto asset over the last few weeks. Before arriving at its current spot trading price, the altcoin king settled for $1,347. With its impressive price pump, its market capitalization ballooned to $186.395 billion. ETH ended up being richer by over $20 billion as its overall valuation on October 25 was only a little over $164 billion. If the asset continues this momentum, it might enter the month of November with prices that might be closer to its all-time high (ATH). It can be recalled that on November 10, 2021, Ethereum hit a milestone changing hands price of $4,878. ETH, however, already lost 68.3% of that value as it struggled to gain enough steam for a bullish run despite undergoing a major network development this year. It\u2019s interesting to see how the Bitcoin rival will end this month of October which is said to be a friendly one for all crypto assets. Ethereum Surpasses Predicted November Price The ETH community has always been very vocal about their price prediction for the crypto. In fact, in the past, they have predicted that Ethereum will trade at $1,488 by the end of next month. But the digital asset has managed to surpass that forecast before October ends. This would mean that if, over the next few weeks, ETH manages to sustain its current price or move to even higher levels, it will experience price correction before exiting November 2022. The asset\u2019s community will be more than happy to be proven wrong with their prediction as long as they witness a continued bullish trend for Ethereum. Related Reading: Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours ETH total market cap at $189 billion on the daily chart | Featured image from Nairametrics, Chart: TradingView.com Disclaimer: The analysis is based on the author&#8217;s personal knowledge and should not be construed as investment advice. &nbsp;<\/p>\n","protected":false},"author":557,"featured_media":505563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,1119,1144,6664,8323,1946,8686,8322],"class_list":["post-508137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-eth","tag-ethereum","tag-ethusd","tag-market-cap"],"acf":[],"yoast_head":"\n<title>ETH Breaks $1,500 As Ethereum Adds $20 Billion To Market 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ETH Breaches $1,500 Level As Ethereum Adds Over $20 Billion To Its Market Cap","url":"http:\/\/wncen.com\/news\/eth-breaches-1500-level\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/eth-breaches-1500-level\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-2.jpeg?fit=1186%2C791"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitcoin","btc","btcusd","crypto","eth","ethereum","ethusd","market cap"],"dateCreated":"2022-10-27T13:40:42Z","datePublished":"2022-10-27T13:40:42Z","dateModified":"2022-10-27T13:40:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ETH Breaches $1,500 Level As Ethereum Adds Over $20 Billion To Its Market Cap\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/eth-breaches-1500-level\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/eth-breaches-1500-level\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Ethereum-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Ethereum-2.jpeg?fit=1186%2C791\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"eth\",\"ethereum\",\"ethusd\",\"market cap\"],\"dateCreated\":\"2022-10-27T13:40:42Z\",\"datePublished\":\"2022-10-27T13:40:42Z\",\"dateModified\":\"2022-10-27T13:40:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-2.jpeg?fit=1186%2C791","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/508137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=508137"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/508137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/505563"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=508137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=508137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=508137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}