Major Cryptocurrencies Record Strong Gains, Ethereum Price up 7%, Bitcoin at $9,300

The cryptocurrency market has recorded strong gains once again over the past 24 hours, as the valuation of the market broke the $440 billion, moving one step closer to the $0.5 trillion region. Bitcoin, Ethereum, Cardano, Bitcoin Cash, and other major cryptocurrencies demonstrated large short-term gains. The price of Ether, the native cryptocurrency of the Ethereum blockchain network, has surged 7 percent on May 3, experiencing several buy spikes over the last 12 hours. The strong performance of Ether led to big gains, as WanChain, Golem, and Ontology demonstrated daily gains in the range of 10 percent to 50 percent. Triggered by the listing of Bithumb, the biggest cryptocurrency exchange in the South Korean market, the price of Golem (GNT) increased by more than 50 percent against the US dollar and 47 percent against bitcoin, which recorded an increase of 3 percent of its own. Immediately after the listing of…

Read the original article here