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Summary (IA Generated)
Ether (ETH) returned to $500 for the first time in more than two years on Nov.
Despite being capped at roughly 6% daily gains at press time, Ether’s achievement delighted traders, who noted that overall in 2020, the largest altcoin has outperformed even Bitcoin (BTC).
Versus the pit of its price lows in mid March, just after the coronavirus-induced cross-asset crash, Bitcoin was still the strongest player — at the time, ETH/USD traded at just $117, making Friday’s levels an increase of 327%, while BTC/USD gained 411% from $3,600 to $18,420.
Ether price year-to-date chart.
In an interview with Van de Poppe for Cointelegraph, meanwhile, Nugget’s News CEO Alex Saunders forecast ETH/USD beating its current all-time highs of $1,400 by the end of 2021.