Business

About 90% of Ethereum holders gain as coin surges to $3700 

Ethereum, the second largest cryptocurrency, has surged to a whopping $3700 in price, putting over 90% of its long-term holders in profit.


Monday was a significant day for the crypto asset as its price rallied 10% in 25 minutes surging past $3150 to $3450 and now $3700 as of Tuesday.


According to CryptoPotato, 90% of market participants holding ETH are currently in profit, while the remaining 10% are at the money. No ETH holder is at a loss, at the time of writing.