Many cryptocurrencies are still recovering from the terrible meltdown caused by the collapse of FTX. The price of the ether, the second largest cryptocurrency in the world by market capitalization, has risen at this stage. After a moribund struggle, the price of ether has successfully rebounded to more than $1600.
Despite the high transaction costs and the slow speed of buying and selling, the ether is still one of the reliable cryptocurrencies in the world. At the time of writing, the price of ETH is struggling around $1644.38, up 4.05 per cent over the past seven days.
Between January and February 2023, ETH experienced a significant price surge. This may be the conclusion of important statements issued by European investment banks and large companies such as Visa.
The rising triangle layout of the Ethernet has raised expectations that the price of ETH could reach $1800 by the end of February 2023.
Like any other cryptocurrency, it is difficult to guarantee the performance of the ether in all 2023. The price of ether is likely to soar again or fall below the lowest value throughout the year. But while FTX's share price has continued to fall since it was declared bankrupt, ETH is clearly not ready to leave its top position.
For some people who expect to diversify their investment composition or make long-term investments to maximize profits in the future, the ether may be a good investment project.
Disclaimer agreement: the information in this article is only for reference to the author's opinion, not investment value analysis. Your advice are most welcome.
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