Uncategorized

Bitcoin’s main rival ether hits a fresh record high1 min read

single-image

Ether the digital currency of the ethereum blockchain, made significant gains on the day of the Thanksgiving holiday.

The cryptocurrency hit an all-time high of $425.55 Thursday, according to data from industry website Coinmarketcap.

Ethers has risen by more than 5,000 percent since the start of the year. It is the second-largest cryptocurrency, with a market capitalization of more than $40 billion.

See also  Top 5 Cryptocurrency Exchange I recommend

The rally followed a prediction from billionaire investor Mike Novogratz that ethers would hit $500 by the end of the year, while bitcoin reaches $10,000. Novogratz said that investors are pouring into cryptocurrencies like bitcoin and ether because of the lack of trust in financial institutions following the 2008 crash.

See also  Bittrex News, Volumes, Coins Review and Opinion

Meanwhile bitcoin cash, a virtual currency that resulted from a split in the original blockchain earlier this year, was also rallying. It soared as much as 19 percent Friday, edging as high as $1,789.05. The bitcoin spinoff briefly dethroned ethers as the second-largest digital currency earlier this month.

See also  Bitcoin the major reason for the increase in Ransomeware crime rate
Like

You may also like