Bitcoin is not the only cryptocurrency that is very popular and in demand. Another leader in the world’s cryptocurrency industry is Ethereum, the world’s second largest currency-based cash flow. Its creator is Vitalik Buterin. Due to the relevance of this digital currency, it is worth discussing its rate in detail in accordance with current realities.
It is pretty hard to call the position of this cryptocurrency very stable. It is either phenomenally high or critically low. In any case, the rate provides an opportunity for experts to compile a full-fledged picture of both cryptocurrency market in general and each individual cryptocurrency, Ethereum in particular.
In order to demonstrate the instability of Ethereum rate more clearly, The Coin Shark provides a sample period of one year (the time of writing is the 5th of June, 2018):
The data is taken in accordance with the rating of the CoinMarketCap.
The Ethereum/dollar rate today is $590. Last month there was a significant collapse of the cryptocurrency, including the decrease of the exchange rate.
The Ethereum/euro rate for today is €502.01. Experts assure that the exchange rate will increase by the end of June, which guarantees a positive outlook for the holders of the cryptocurrency.
Japan is the only country that more or less managed to settle the operations with this cryptocurrency. However, today’s Ethereum/yen rate also undergoes a landslide, it is 3769 JPY in the Land of the Rising Sun.