Ethereum hits new all-time high as Ethereum Classic, Cardano and Bitcoin Cash soar this May 6

For Angel Di Matteo @shadowargelIn the midst of a very good performance of the crypto market this May 6, the cases of Ethereum Classic Y Cardano with new all-time highs, without leaving behind Bitcoin Cash.

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Ethereum exceeds USD $ 3,500 this May 6

We open a new report for this May 6 briefly reviewing what was seen with Ethereum (ETH), native network currency Blockchain of the same name, which capitalized on new all-time highs today, trading at about USD $ 3,509 per unit at the time of publication, with an increase of 3.7% in the last 24 hours.

According to data published by our section CryptoMarkets, Despite the fact that at the time of publishing the coin is located above the USD $ 3,500 barrier this morning of May 6, it was during the afternoon of yesterday that the new all-time highs for ETH were presented. It was shortly before 7:00 pm (New York time) when the digital currency was quoted at about USD $ 3,541 per unit, this being its new highest value throughout its history, which generates strong expectations among investors and enthusiasts .

Ethereum price evolution this May 6
Ethereum price evolution this May 6

As in previous reports, analysts agree that this increase is mainly associated with three aspects:

  • The first of these is growth in demand for ETH amid the fall in the supply available in the main exchanges, which leads to an increase in the price of the digital currency.
  • The second has to do with the rise of the NFT over the network of Ethereum, for which it is needed ETH for the tokenization of said assets and their subsequent commercialization.
  • And finally we have the boom of the sector DeFi within the ecosystem of Ethereum, which every day attracts a greater number of users. In this regard, it is worth highlighting the launch of version 3.0 of Uniswap, one of the services DEX most reputable in the world of decentralized finance.

Meanwhile, enthusiasm among users and followers of the digital currency continues to grow. In this regard, analysts argue that Ethereum could be following in the footsteps of Bitcoin and to become one of the best-priced assets at present, so they project prices close to USD $ 10,000 per unit by the end of the year if everything continues the same way it is going until now.

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New purchase buttons through CryptoMarkets
New purchase buttons through CryptoMarkets. Get your cryptocurrencies!

The surprises of the day: Ethereum Classic, Cardano y Bitcoin Cash

While Ethereum continues to capitalize on new all-time highs, other coins that made surprising jumps in the last 24 hours were Ethereum Classic (ETC), Cardano (ADA) Y Bitcoin Cash (BCH):

  • With respect to Ethereum Classic, At the time of publication, the coin capitalizes gains of 52.3% compared to yesterday, trading at about USD $ 114 per unit, this being its highest historical value throughout its entire trajectory. This seems to go hand in hand with the interest shown by investors because Grayscale it invested more capital in its fund for digital currency.
  • Regarding Cardano, This is trading at about USD $ 1.62 per unit after an increase of 18.75% compared to yesterday. As with the previous cases, the coin also capitalizes on new all-time highs this May 6.
  • And finally we have Bitcoin Cash, which increased more than 17% and is trading at about USD $ 1,424 per unit. This increase comes in response to expectations regarding the next update scheduled for May 15, where the network will implement new operational enhancements that will significantly improve microtransactions across the network.

Main winners and losers for this May 6

To conclude, amid the increase in the aforementioned exponents and the good performance seen among the bulk of the most reputable digital currencies, below we briefly review the cases with the most pronounced fluctuations for this May 6:

Main winners

Top losers


Data source: CryptoMarkets, CoinMarketCap

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Ethereum hits new all-time high as Ethereum Classic, Cardano and Bitcoin Cash soar this May 6

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