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Story: Ethereum Hits $3,200 as Altcoins Rally Hard in April

By Bruce Buterin

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Solana and Cardano Join the Party. Solana rocketed from $135 to $150 this week, a clean 10% move that caught many traders off guard.

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Exchange Activity Tells the Story. Binance reported Ethereum trading volumes jumped 12% as of Thursday, April 10.

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Ethereum jumped big Friday. The crypto hit $3,200 during afternoon trading, posting a solid 5% gain over 24 hours as traders piled back into altcoins with renewed appetite for…

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The rally comes after weeks of sideways action in the broader crypto market. Ethereum's surge follows the rollout of Ethereum Improvement Proposal 4829 earlier this month, which…

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Cardano took a more modest path upward, reaching $1.50 after recent partnerships with educational institutions boosted its profile.

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But regulatory clouds still hang over everything. The Securities and Exchange Commission plans to discuss new digital asset guidelines at an April 20 meeting that has the crypto…

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Binance reported Ethereum trading volumes jumped 12% as of Thursday, April 10. CEO Changpeng Zhao thinks the recent network upgrades probably drove the spike in activity.

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Grayscale Investments made waves Tuesday when it announced a 20% increase in Cardano holdings.

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Coinbase joined the action April 11, adding new trading pairs for both Solana and Cardano. The exchange wants to meet growing demand for diversified crypto portfolios among…

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Crypto analytics firm Chainalysis dropped some numbers that caught attention. Total altcoin market cap hit $1.5 trillion as of April 12, up 7% from March.

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A new decentralized app launched April 9 on Solana's network. Solend aims to shake up peer-to-peer lending with faster transactions and lower costs than existing platforms.

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Fidelity Investments released research April 12 showing institutional investors increasingly view altcoins like Ethereum and Solana as viable long-term plays.

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Kraken announced April 13 it's integrating support for Ethereum's latest upgrade. CEO Jesse Powell said staying ahead of tech developments keeps the exchange competitive in a…

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Ripple Labs hinted at potential Ethereum collaborations. CTO David Schwartz mentioned April 10 that cross-chain compatibility could unlock new DeFi opportunities.

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Ark Invest made a big bet April 11, buying 500,000 additional Solana tokens worth roughly $75 million.

The Currency Analytics

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