The price of Ethereum set a new all-time high, exploding by as much as 21% in 24 hours to trade above $1,470 on Monday.
The price hit $1,473, topping its previous record of $1,439 set last week, before settling around $1,396 in early European trading.
The record high came on the seven-year anniversary of the day that Vitalik Buterin, a Russian-Canadian best known for being Ethereum’s main developer, announced the cryptocurrency’s launch on a bitcoin forum in 2014.
The world’s second-largest cryptocurrency, with a market cap of $160 billion, has risen on 90% a year-to-date basis, outpacing bitcoin’s 10% rise. Read more…..
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