Ethereum experiences value rise alongside Bitcoin
Ethereum is matching its digital currency rival blow-for-blow, experiencing a significant value increase in news that will gladden the hearts of crytpocurrency evangelists everywhere.
The price per Ether has reached $19, while the market cap for Ethereum has struck $1.5 billion and kept on rising. What’s more, there has been just over $52 million in trading with Ethereum in the last, a vital metric for determining the popularity of a digital currency.
A series of Australian exchanges had recently added Ethereum to their trading options, too.
Ethereum, is must be said, is very much flying in the slipstream of Bitcoin, which this weekend has surged past the $700 value thanks to increased demand from the Chinese market.
The fact that the two forms of currency are non-competitive is surely only a good thing for Ethereum as it looks to carve its own way into the industry.
Fred Ehrsam, the co-founder of blockchain startup Coinbase, recently penned a blog post claiming that Ethereum will “blow past” Bitcoin.
“There is nothing that Bitcoin can do which Ethereum can’t,” writes Ehrsam. “While Ethereum is less battle tested, it is moving faster, has better leadership and has more developer mindshare. First mover advantage is challenging to overcome, but at current pace, it’s conceivable.”
Source: IBS Intelligence