Ether, which is the world’s second most-valued cryptocurrency has also been witnessing a subtle but constant rise in terms of value. At the time of writing, Ether was trading at $4,382 (roughly Rs. 32,8821), as per Gadgets 360’s cryptocurrency price tracker. So far, the ongoing week has been good for Ether as it also opened with the gain of one percent on Monday, October 26.
Overall, the crypto price tracker chart looks dominated by the green colour as a majority of altcoins witnessed growth on Tuesday. Altcoins are crypto coins other than Bitcoin.
Cardano, Ripple, Polkadot, Shiba Inu, and Uniswap among other cryptocurrencies opened for the day with spikes in their trading values.
On the other hand, only a few crypto coins including Tether, Dogecoin, and USD Coin witnessed marginal dips.
Meanwhile, several pro-crypto moves have warmed up the climate around these unregulated virtual currencies around the world.
For instance, MasterCard expanded its crypto services and partnered digital wallet platform Bakkt earlier this week.
In addition, Nigeria launched “eNaira”, the first digital currency in the African continent starting October 25.
Nigeria is about to unveil its Central Bank Digital Currency known as eNaira. pic.twitter.com/nB1mp19DRg
— Faustine Ndugulile (@DocFaustine) October 25, 2021
Billionaire investor and philanthropist Paul Tudor Jones also recently said that Bitcoin is currently “winning the race against gold”. The same pro-crypto sentiment was expressed recently by venture capitalist Chamath Palihapitiya who believes that Bitcoin is a modern-day replacement for gold.