On the 1 hour chart, the price of Ethereum seems to have started a bullish trend. Last week, the price of Ethereum was in bearish and sideways trend. The cryptocurrency dropped from a maximum of $ 486.83 to a minimum of $ 434.92, from that point onwards a positive movement began. Today, the crypto currency is in an uptrend with a daily increase of 4.86%.
According to the latest news, one of the largest sports organizations in the world is bringing the digital collection to Ethereum’s blockchain. Major League Baseball collaborates with blockchain startup Lucid Sight to create an app that allows fans to exchange digital avatars similar to CryptoKitties.
The increase in price of Ethereum makes Bitcoin’s best performing cryptocurrency on a daily basis as Bitcoin is only increasing by 2.40 percent, reaching a unit price of $ 6,480. Ripple’s XRP also remains in line with Bitcoin, marking +2.40 percent in today’s trading session.
XRP has also just been added to Paybis, a UK-based cryptocurrency exchange.
Higher increases are affecting Bitcoin Cash + 6.40%, EOS + 7.24%, and Cardano +7.25. The total capitalization of the cryptocurrency market has risen to about $ 261 billion.