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Buy Ethereum
The coin has been on a tear recently, rallying from $730 at the start of the year up to $1,270 in little over a week. Since then the coin saw a price correction to the $900 mark before pressure starting building back again.
Ethereum
Ethereum is the second largest crypto by market cap. Image: Shutterstock
Trading volumes have been growing rapidly. More than $37 billion in Ethereum has been traded in the last 24 hours, as traders rush to get in on the action.
The growing price has pushed Ethereum's market cap up. It now weighs in at $159 billion—that's around 23% of Bitcoin's market cap size.
The rest of the market has been performing well today, with XRP up 7%, Litecoin (LTC) up 14% and Bitcoin Cash (BCH) up 9%. Some coins have fared particularly well in the last week too, with Polkadot (DOT) up 105% in the last seven days and Chainlink (LINK) up 50%.
The growing price has, in part, pushed up the amount of value that's moved across the Ethereum blockchain per day. According to Money Movers, just shy of $20 billion is moved across the network per day. On this metric, Ethereum and Bitcoin are neck and neck.
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