Join Our 800,000+ Community

Get Ember

more posts

November 06, 2021

Market Update

Continuing its bull run, Ethereum set new record highs this week, with the ETH price rising to $4600. Solana also saw a 31% increase this week.

The new highs of Ethereum are due in part because of the rising popularity of NFTs and new DeFi projects deployed on the chain. Ethereum is also the home to many memecoins like Shiba Inu which have recently caught mainstream media’s attention. High trading volume in altcoins, coupled with Ethereum’s burn mechanic introduced in EIP-1559, leads to more Ethereum being burned and therefore less supply. Heavy trading volume has led to higher gas prices, but also a higher ETH price.

The Ember Investment team is bullish on Ethereum going into the later stages of this bull cycle.

Harsharn Singh
Investment Associate | Ember Fund

Thank you for reading!

Don't forget to come into the app tomorrow to continue learning about crypto! 

Enjoying Ember?



Don't miss out on our latest posts

March 20, 2023

Two New Tournaments This Week

Two new portfolio tournaments have arrived! Check the roster for more details.

March 17, 2023

Community Vote: F1 Racing & Barcelona vs Real Madrid

This is who the Ember community thinks will win the F1 Saudi Arabian Grand Prix and Barcelona vs Real Madrid match this weekend.

March 15, 2023

New Tournaments: F1 Racing & Barcelona vs Real Madrid 🏆

Two new portfolio tournaments have arrived! This time, we're bringing sports into the crypto world. Check the roster for more details.

Download Ember Fund