Ethereum Keeps the Good News Flowing by Recording Over $5.5 Billion in Trading Volume Today

The world’s second largest crypto-asset by total market capitalization ‘Ethereum’ has been facing the wrath of an insanely bearish market over the past year or so.

However, despite all of its recent setbacks, the currency has just witnessed it’s highest day-trade volume in more than 12-months.

A Closer Look at the Matter

As can be seen from the chart below, the number of ETH tokens exchanged over the course of the past day or so have now surpassed similar trading levels that were witnessed last year (during February).

Ether’s Daily Trade Volume Since Feb 2019 (Source: CoinMarketCap)

Other Key Stats Worth Noting:

  • According to latest market data, Ethereum’s daily trade-volume currently lays at an annual high of $5.4 billion.
  • At the time of writing this article, a single ETH token is priced around $145. However, this was not the case a month back when the crypto asset was being exchanged for $122 (and its daily trade volume lay near the $2.3 billion region).
  • Over the course of the past 24 hours, Ethereum-based trades have accounted for nearly 15% of the total crypto market value.

Final Take

All of the aforementioned data seems to suggest that the price of Ethereum is finally witnessing upward movement.

Last but not least, it is also worth mentioning that the Ethereum core dev team is all-set to deploy it’s highly anticipated Constantinople hard fork at the end of this month.

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