KEY POINTS Ethereum (ETH), the world's second most valuable cryptocurrency, has seen increased attention in recent days, and for Polymarket bettors, it's just beginning, as they raised the altcoin's chances of climbing before the month ends as the digital coin outperformed Bitcoin in the last seven days. Ether, the native cryptocurrency of the Ethereum blockchain, has been on a 17.5% spike in the past week compared to BTC's 1.
2% surge. It is also up by nearly 9% in the past day as opposed to Bitcoin's 3% gains. Polymarket Bettors Optimistic of $ETH On Polymarket, where crypto users trade their tokens and altcoins to bet on the likelihood of future events, bettors raised Ether's odds of hitting $3,750 before December .
As of late Wednesday, crypto bettors have ETH prices reaching the said amount at $3,750, while others put their money on a 16% chance the altcoin will hit up to $4,000. The sentiment of Polymarket users regarding Ethereum's price action comes as the digital currency continues to outperform Bitcoin and other coins in the last seven days, including Binance's BNB (8.2% increase), Solana's SOL (3.
9% increase), and TRON's TRX (3.1% increase). Users of the popular market prediction platform are pointing to Ether's chart, which has been on a steady climb in recent days, for their optimism that has resulted in the event contract now becoming a $10.
2 million bet. "ETH chart is such a beauty right now," one user said, while another noted how "ETH and other alts (altcoins).