Cryptocurrency Ethereum managed to grow by 59% over the year

According to CoinGecko, the second-largest cryptocurrency by market capitalization has grown by 59% since the beginning of the year. At the time of writing, ETH is trading at $ 1864, up 8% over the past week.

As for other cryptocurrencies, BTC $93,504.25 Bitcoin -2.52% Market capitalization $1.85 trillion VOL. 24 hours $2.97 billion has managed to grow by 84% since the beginning of 2023. XRP $2.17 XRP -3.30% Market capitalization $124.24 billion VOL. 24 hours $0.84 billion - by 44%, ADA $0.88 Cardano -1.41% Market capitalization $31.63 billion VOL. 24 hours $0.22 billion - by 19%, SOL $185.04 Solana 1.53% Market capitalization $88.72 billion VOL. 24 hours $0.75 billion - by 70%. On the contrary, the tokens BNB $683.10 BNB 3.87% Market capitalization $99.66 billion VOL. 24 hours $0.4 billion and DOGE $0.15 Department Of Government Efficiency -2.29% Market capitalization $0.15 billion VOL. 24 hours $0.68 billion have fallen in price by 3% and 5%, respectively.

Top 10 crypto performance, year-to-date 🫡

We're halfway through 2023, with #Bitcoin and #Ethereum gaining 84% and 59% respectively.

Where do you see the market heading next? pic.twitter.com/mYgdXyfZWt

— CoinGecko (@coingecko) June 26, 2023

According to analysts, ETH has every chance of rising to $ 2000 in the coming days. Hong Kong’s largest bank HSBC now allows its customers to buy and sell bitcoin and ethereum ETFs listed on the Hong Kong stock exchange, becoming the first bank to provide such a service for ETH.

The Dencun upgrade, which will take place on the Ethereum network in the second half of Q3 or early Q4 2023, is also expected to increase the network’s economic activity and lead to greater value accumulation in the medium term.

This year, ETH has already boasted significant achievements — thanks to the long-awaited Shapella update, the ethereum was trading at $ 2130. In the same period, BTC crossed the psychological threshold of $ 30,000 for the first time since June 2022.