In recent years, the cryptocurrency market has been quite active. With Bitcoin rising back to the $50,000 level, other cryptocurrencies have also started to move. Ethereum is now hovering around the $3,000 mark after two years.
Ethereum at the $3,000 mark!
Ethereum had surpassed $4,500 during the bull season in 2021. Towards the end of 2022, however, it experienced a significant decline and has fluctuated between $1,000 and $2,500 since then. In recent days, it has started to rise again.
Entering 2024 at around $2,000, Ethereum is now at the $3,000 mark as of February 21st. This is equivalent to approximately 90,000 TL. If this upward trend continues, it could rise to $4,000, similar to two years ago. Expectations in the cryptocurrency world are high at this point. However, it’s important to remember that the market is full of surprises.
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On the other hand, the price of Bitcoin has also been on the rise in recent months. In fact, as of February 21st, it is hovering around $50,900, after three years. This translates to approximately 1,600,000 TL. In November 2021, it had surpassed $64,000, setting its own record. At that time, with a dollar rate of 12.42 TL, it was equivalent to 795,000 TL. The dollar rate has now exceeded 31 TL.
What are your thoughts on Ethereum? You can share your opinions with us in the Comments section below.
Note: The information provided in this article is not investment advice and should not be considered as such.
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