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?