Ethereum grew by more than 7% per day

Ethereum’s value has increased by 7.60% over the past 24 hours — at the time of writing, ETH is trading at $ 1618. The altcoin’s capitalization has jumped to $ 199 billion, and daily trading volumes were recorded at $ 21.8 billion.

The daily growth of ETH is not the only positive indicator over the past week. Over the past 7 days, Ethereum has grown by 23.8%. As for the flagship cryptocurrency, it also shows positive dynamics. At the time of writing, BTC is trading at $ 20,715, up 2.54% in 24 hours and 8.04% over the past week. The capitalization of bitcoin has increased to $ 400 billion, and daily trading volumes are $ 44.2 billion.

Binance Coin (BNB) has also risen over the past day, with the cryptocurrency currently trading at $ 301.2, up 4.74% over 24 hours and 11.61% over the week. As for other cryptocurrencies, Cardano grew by 5.35% over the day and Dogecoin by 26.45%. As you know, the meme cryptocurrency managed to rise in value thanks to the actions of its main fan Elon Musk, who bought Twitter. As a result, the DOGE token grew by 71.84% over the week.

According to some cryptocurrency analysts, the bear market is coming to an end, so crypto investors have a chance to increase their income in the near future. Thus, Michael van de Poppe, an analyst and founder of Eight trading company, is convinced that in November, BTC will be traded for $ 30,000. According to the founder of Eight, bitcoin has been consolidating around $ 20,000 for a long time, so we can expect growth in the near future. «Within two to three weeks, bitcoin will break through several levels. I think we will reach $ 30,000,» Michael van de Poppe said a few days ago.