Ethereum, Market Analysis

Ethereum Price Hits All Time New Highs Over $44,00 USD – Market Analysis.

In line with coinmarketcap, Ethereum (ETH), the second-largest cryptocurrency, achieved a fresh high of over $4,400 USD on Tuesday (2nd November).

According to the report, the digital asset was up 3.8% at $4,4591.20 USD, breaking the previous high of $4,379.62 USD.

Ethereum Price Hits All Time New Highs Over $44,000 USD - Market Analysis.

Ethereum Price Chart – Source: CoinMarketCap

The announcement comes as Ether has performed better than Bitcoin overall this year. The popularity of Ether has increased sixfold as consumers and institutional investors become more interested in cryptocurrencies. According to coinmarketcap.com, the value of Ether has already reached $520 billion.

Other tokens, including Binance Coin and Solana, also surged last week.

According to the study, “On-chain activity measures for Ethereum appear to have found support and are approaching multimonth highs,” according to Sean Farrell and Will McEvoy, digital asset strategists with Fundstrat.

Meanwhile, according to a press release, McDonald’s is launching a line of NFTs modeled on the iconic McRib sandwich.

The NFTs are being served to commemorate the sandwich’s 40th anniversary. According to the press release, the fast-food company will start giving them out to fans on November 1st.

Those interested can enter for a chance to win by following McDonald’s on Twitter and retweeting the Sweepstakes Invitation tweet from a public account between November 1 and November 7.

On Nov. 12, the restaurant will choose the ten winners. Finally, according to a Bitcoin.com article, crypto miners in Kazakhstan generate over $230 million in tax income.

According to the National Association of Blockchain and Data Center Industry, the government will be able to collect over $300 Mln in taxes over the next five years, with miners bringing in $1.5 billion.

According to the statistics, the current $230 million represents just the economic consequences of enterprises that are officially involved in mining operations, not those of “grey” miners.

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