RATE Group | Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300
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Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300

15 Feb Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300

Posted at 08:01h in Ethereum News by

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For the second time in two weeks, Ether price (ETH) has notched a new 2020 high. This time the surge from $217.83 to $253.79 occurred as Bitcoin’s (BTC) price reversed course from $9,700s and rallied to a new high at $10,346.83. 

As Bitcoin rallied on Feb. 12, many altcoins pulled back in their BTC pairs but Ether succeeded in holding on to its gains and currently registers a 14.3% gain. 

Crypto market daily price chart

Crypto market daily price chart. Source: Coin360

Generally, investors are feeling bullish about the crypto market’s future prospects. But while Bitcoin appears set for continuation higher, news that the scammers behind the PlusToken crypto Ponzi scheme transferred 12,423 BTC to new wallet address is sure to raise an eyebrow with some investors.  

PeckShield Inc. co-founder and VP of research, Chiachih Wu said that the coins were likely deposited to a series of cold wallet addresses and Twitter user Sue Zhu explained that: 

“Plus Token coins are on the move again, but more importantly, are…

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