Gemini CEO Says Ethereum ($ETH) Is 'Decentralized Amazon Cloud Computing
On Tuesday (January 12), with Ether trading above $1000, ), Tyler Winklevoss, Co-Founder and CEO of crypto exchange Gemini, described the Ethereum network as “Decentralized Amazon Cloud Computing.”
According to data by TradingView, around 06:48 UTC on Tuesday (January 12), on Bitstamp, the Ether (ETH) price got as high as $1,149.84 and as low $1,007.93 at 14:37 UTC.
Although the Ethereum price fell from around $1350 to around $912 during the two-day correction (caused by the correction in Bitcoin’s price) that started last Sunday (January 10), since then, ETH has rebounded nicely (although it is still around $400 from its all-time high of $1422, which was set in January 2018).
Currently (as of 01:51 UTC on January 13), according to data by CryptoCompare, ETH-USD is trading around $1,026.19, down 2.83% in the past 24-hour period, but up 39.21% since the start of the year.
On Tuesday, the Gemini CEO used the following tweet to describe the main use cases for various well-known crypto projects:
A few hours later, he told American billionaire entrepreneur and investor Mark Cuban why decentralized finance (DeFi) matters.