latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Vitalik Buterin Now Sixth-Youngest Billionaire in the World As Ethereum Surges Above $3,000

Vitalik Buterin Now Sixth-Youngest Billionaire in the World As Ethereum Surges Above $3,000
Ethereum co-founder Vitalik Buterin is joining the billionaire ranks amid ETH rallying above $3,000 for the first time ever.
Buterin, who turned 27 in January, currently holds approximately 333,520 ETH. At time of writing, ETH is trading at $3,357, making Buterin’s stake in the second-largest crypto asset by market cap worth about $1.16 billion.

Currently, Buterin’s ETH holdings would place him tied at number six on Forbes’ list of the world’s top-ten youngest billionaires, all else being constant.
The Ethereum co-founder’s entry into the billionaire ranks coincides with the investment research firm Fundstrat reiterating its $10,500 price target for the second-largest cryptocurrency. The price target was initially issued in January.
“Remaining overweight Ethereum and maintaining a price target of $10,500 as ETH reaches new highs and continues to outperform BTC.”
To support its thesis, Fundstrat argues that the ratio of ETH/BTC market cap has been rising but it is yet to reach the level hit during the 2017 bull run.
“Ethereum’s market cap has risen to ~30% of Bitcoins over recent weeks. During the last market cycle, Ethereum broke this level and head as high as 80% of Bitcoin’s value – we’re not predicting exactly this but it’s a useful frame of reference.”
Fundstrat adds that the reasons for its bullishness on the second-largest crypto asset include the emergence of new financial applications on the leading smart contract platforms.
“These applications are generating ~3x the fees for the Ethereum network vs. Bitcoin which trades at ~3x the market cap.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Robsonphoto
The post Vitalik Buterin Now Sixth-Youngest Billionaire in the World As Ethereum Surges Above $3,000 appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Vitalik Buterin Now Sixth-Youngest Billionaire in the World As Ethereum Surges Above $3,000

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News