$ETH
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Performance #الايثيريوم records the best third-quarter performance since its inception.
The Ethereum (ETH) currency recorded its best performance in the third quarter since its launch in 2016, after its value increased by more than 80% according to data from 'CoinGlass'.
With this performance, Ethereum clearly outperformed Bitcoin, which did not exceed gains of 10% during the same period.
Historically, the third quarter of the year for Ethereum has seen varying periods; in 2020, the value of Ethereum rose by 59.5% supported by the boom in decentralized finance and a yield farming surge that increased the total value locked on the Ethereum network by 380%.
The worst third-quarter performance was in 2018 when the price of Ethereum lost 49% of its value due to the collapse of the cryptocurrency market and a decline in the initial coin offering (ICO) sector, in addition to weak adoption of decentralized applications and scalability issues.
Although the best quarter ever for Ethereum was in early 2017 with an exceptional increase of 518% during the ICO boom, repeating such jumps is not expected today as the market capitalization of Ethereum has reached $539 billion.$ETH