FXstreet

Where December saw major gains for the global cryptocurrency market, January has seen a series of corrections that have brought it back closer to pre-December numbers—tempering some of the community's wild excitement and runaway speculation.



But the past few days have shown Ethereum making a comeback. According to CoinMarketCap, the price of ETH was $998.03 at 2:04am PST Friday, Jan. 26. By 12:15pm on Sunday, Jan. 28, that price is now $1,236.18. This marks a growth of just under 24 percent in just over two days—with a 15 percent bull run occurring overnight Saturday into Sunday.

"thereum is taking advantage of Bitcoin's volatility and downtrend," said Akanshu Argh Jain, Co-Founder of Hooklabs.io, a blockchain consulting and investment firm. "With events like Vitalik leaving Fenbushi Capital to focus on ETH, an updated roadmap with sharding, and some other exciting developments—Ether is above 0.1 BTC again."

more...