Ethereum has risen more than 7.8% in the last 24 hours, jumping from approximately US $ 208 to US $ 236. In Brazil, ETH is traded at R $ 1,261.
This marks the first time in almost three months that Ethereum has surpassed this level. In March, ETH was trading for up to $ 245 before dropping to around $ 237 on March 8, in the days leading up to the 50% crypto market crash.
The price of Ethereum fell to $ 108 on March 13. Since then, however, the asset has been recovering.
The increase in the price of Ethereum today follows news that ETH holders operating through Coinbase would be presented with OmiseGo (OMG) tokens. Initially, OmiseGo performed an airdrop of its cryptocurrency OMG Coin in the middle of 2017. At that time, Coinbase did not support OMG, so all of their respective customers who owned ETH lost the airdrop.
The exchange started offering trades with OMG last week and announced to ETH traders that OMG Coin would be added to their accounts to compensate for the loss of the initial airdrop.
Prior to listing OMG on all Coinbase platforms, Coinbase Pro – the company's professional trading division – made OmiseGo available to its customers on May 18, resulting in a 25% increase in the price of Ethereum.
The rest of the crypto market also operates on a high. Bitcoin, for example, is already approaching $ 9,600, suggesting that the bullish wave it is facing is not over yet.
* Translated and republished with authorization from Decrypt.co
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This source of this article is portaldobitcoin.com.