Ethereum recently $3,691.10 It is noteworthy that there is a remarkable increase in prices. Ethereum has gained 160 percent since April. Especially with a 65 percent rise in the last month, it stands out in the crypto currency market. As the main reason for the increase, it is reported that demanding the current supply significantly is effective.
Corporate investments and increasing demand
Corporate investors and public companies have purchased 2.83 million Ethereum since mid -May. This amount corresponds to approximately 15 billion Australian dollars. The amount of Ethereum purchased reached 32 times the 88 thousand Ethereum produced in the same process. Especially Spot Ethereum Borsa Investment products play an important role in purchases. The purchases made through these financial products have exceeded $ 7.63 billion Australian dollars.
Companies are also effective in price movements with Ethereum purchases. Bitmine Immersion Technologies had 300,657 Ethereum and its portfolio reached $ 1.72 billion. Sharplink Gaming’s Ethereum’s name is 280.706. This company aims to collect US $ 6 billion to get more Ethereum. Bit Digital is Bitcoin $118,974.48He sold over 100 thousand Ethereum by selling them. The purchase amount approached the level of 572 million Australian dollars. Crypto investors’ application – the reason will surprise you!
Ethereum-bitcoin comparison and market dynamics
Ethereum’s performance compared to Bitcoin has recently risen. ETH/BTC ratio increased from 0.018 to 0.031 compared to mid -May. Thus, it is stated that Ethereum shows a better increase in value than Bitcoin. In addition, the values of the companies that hold the Ethereum reserve in the stock market are higher than Ethereum in their hands.
According to the analysis by Bitwise, it is estimated that institutions and companies can receive a total of 5.33 million Ethereums in the coming year. The new amount of Ethereum to be released in the same period is expected to be approximately 800 thousand. This can lead to a serious proportional difference between demand and supply. Corporate demand is expected to remain seven times the new supply.
As the main reason for the rise of Ethereum, supply-demand imbalance stands out. Thanks to the entrances of corporate investors to the market, the interest in Ethereum increases, while the amount of new Ethereum offered in the market remains low. This dynamic is considered as an element that supports the upward movement of prices.
Bitwise CIO Matt Hougan evaluated these developments:
“In the short term, the price of everything is determined by supply and demand, and now the demand for Ethereum is higher than the supply. As a result, I think that prices may rise further.”
In addition, it is pointed out that record levels have been reached at the weekly entrances of Ethereum. Market experts believe that these entrances are an indication of mobility in the global crypto money market.
Evaluations are made that the demand for Ethereum will remain strong in the short and medium term. Experts say that the supply is limited and the interest of corporate investors in the market indicates that the fluctuation of prices may continue. For this reason, investors in the market are recommended to act considering this balance. Regarding the future of Ethereum, it is stated that it may benefit from monitoring market dynamics and carefully monitoring the changes in supply-demand balance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.