Ethereum outpaced Bitcoin in price growth

Last month, Bitcoin rose by 39.9%, and Ethereum by 42.9%. This is stated in ForkLog’s October analytical report.

Last month, Bitcoin and Ethereum hit all-time highs above $67,000 and $4,400 respectively.

Even more impressive momentum was demonstrated by meme tokens, as well as coins from NFT projects and metaverses. For example, the best-known Dogecoin clone, Shiba Inu, rose by almost 800% in October.

On 2 November, Ethereum’s price hit an all-time high, testing the $4,500 level.

This followed the CME announcement of the launch of micro-futures based on the second-largest cryptocurrency.

As noted, Goldman Sachs’ Global Markets Managing Director Bernard Rzhimelka predicted Ethereum to reach $8,000 by year-end.

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