Ethereum Price Crosses $400 To Reach An All-Time High

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Following the footsteps of Bitcoin, Ethereum cryptocurrency has been increasing at a rapid pace in the past few days. As a result of this rise, Ethereum has crossed the $400 mark to reach an all-time high price of $414.90.

As per Coinmarketcap data, currently, this digital coin is trading at $408. Earlier this month, Ethereum faced a hiccup in the form of Parity wallet hack of about $150-$300 million. Now, things are looking stable.

On week-on-week basis, Ethereum is up 24%; on monthy basis, this rise is 43.33%. Also, it boasts a market cap of about $40 billion, which makes it #2 cryptocurrency after Bitcoin’s $137 billion market share.

Earlier this year in June, Ethereum had already crossed the psychological mark of $400. It’s also worth mentioning that analysts have predicted that the currency will cross $500 in late 2017 or early 2018.

This recent good run can also be attributed to the announcement of the upcoming, first-ever regulated bond based on this digital coin.

When would Ethereum cross the much-anticipated $500 mark? Share your guesses with us.

Also Read: What Is Bitcoin? Is It Legal Money?
Adarsh Verma

Adarsh Verma

Fossbytes co-founder and an aspiring entrepreneur who keeps a close eye on open source, tech giants, and security. Get in touch with him by sending an email — [email protected]

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