By Jamie - Cryptocurrency Specialist - 01/12/2021
A lot has happened recently in the crypto scene, so there is a lot to catch up on. In this article we will be discussing how the price to buy Ethereum (ETH) has drastically increased, MicroStrategies latest acquisition, and Grayscales new product release.
2021 has been a great year for Ethereum, the second largest crypto market investment, to start gradually catching up to the struggling Bitcoin (BTC). In the last 24 hours, the price to buy ETH has risen by 7%, making Ethereum’s price increase for the year a total of 530%. As Ethereum passed the $4,700 mark, it began to close in on its all-time high of $4,850. At the start of the year, investors could buy crypto token ETH for $736, which is an eye-opening comparison to the four-digit number it is seeing at the time of writing.
MicroStrategy, a business intelligence firm, has been regularly purchasing Bitcoin to the point where the company now owns 28% of all BTC in circulation. Its latest acquisition worth around $414 million of BTC was made just last month. Finally, as Solana (SOL) has been seeing such major growth in 2021, Grayscale has now announced a Solana investment product. Grayscale, the world’s most significant crypto fund company, has brought out the Solana Trust. The Solana Trust requires a $25,000 investment in order to access the trust. As always, the trust fund has Grayscale’s 2.5% management fee on top of the minimum investment, this is to maintain security and make investing in SOL an easier and safer process.