Ethereum Leads the Way in 2020 so far it’s up 228%

2020 has been a good year so far for cryptocurrencies with Ethereum leading the way in terms of gains of the big marketcap coins.

• Bitcoin (BTC) YTD: +111.66%
• Ethereum (ETH) YTD: +228.28%
• Ripple (XRP) YTD: +28.90%
• Bitcoin Cash (BCH) YTD: +31.91%
• S&P 500 YTD: +8.35%

Why has Ether gone up?

There are some factors which we could attribute to Ethereum’s recent rally. These include the ETH futures market trading volumes.

Another factor is the increase number of outflow transactions on the ETH platform in 2020.

The deployment of the ETH launchpad and introduction of ETH 2.0 has certainly sparked the interest in Ethereum.

The emergence of DeFi and other Ethereum Tokens may have had an impact on the price of Ethereum. Some of these tokens have seen ridiculous gains this year including YFI, CRD and many others.