Ethereum Market Cap Tops $120 Billion, Gas Fees Surge

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As Ethereum surges over the four-figure price, transaction fees have followed suit. Gas prices to spike to their third-highest average price.

The beginning of 2021 is starting to resemble the beginning of 2018, at least where Ethereum prices are concerned. The world’s second-largest digital asset has surged in price to a three-year high of $1,100.

The massive move has added a whopping 35% to the price of Ethereum in just 24 hours.

Ethereum Market Cap Tops $100B
The big price pump has also pushed Ethereum’s market capitalization into twelve figure territory for the third time ever.

According to Coingecko, the ETH market cap peaked at $123 billion today. The last time it was this high was in January 2018, before the drawn out two-year bear market.

Source and continuation of the article:  https://beincrypto.com/ethereum-market-cap-tops-120-billion-gas-fees-surge/