Ethereum’s Per-Coin Value Broke $1,000

Ethereum’s Per-Coin Value Broke $1,000

As we have noticed, the first month of 2018 gave us a huge number of records. Here are the general capitalization of cryptocurrencies, and Ripple, and Stellar.

Ethereum decided not to give up ground and leaped over his own record - finally, it overcame the level of $1,000.

Ethereum capitalization exceeded $100 billion, and the trading volume for the last day amounted to more than $6.6 billion.

Curiously, for the first time in a long time, the ETH / BTC pair was in the first place.It is followed by a pair of TRX / ETH, both of which belong to the Binance exchange. Also, on the majority of Western stock exchanges, Ethereum still trades below the key mark, while at the South Bithumb, its rate has already surpassed the level of $1,300.

Like many altcoins, Ethereum continues its ascent, which began in December. Over the past month, his rate has grown by 76%, and he finished the year at $ 752, despite the fact that at that time bitcoin was already in correction.

Bitcoin is the first application built on the blockchain technology,” said Ethereum co-founder Joseph Lubin in December. “Ether can be a more programmable money. We conceive it as a crypto fuel because it powers these programs on the world computer.

Although Ethereum points lag behind Ripple's, whose capitalization at the time of publication is $140 billion, this year the third largest cryptocurrency also began with a rise, breaking levels of $800, $900 and finally $1,000.

It can be assumed that at least in part this result is connected with the beginning of testing of Casper technology, which will allow Ethereum to switch to the hybrid mechanism of the consensus Proof-of-Work (PoW) / Proof-of-Stake (PoS). We may expect that in the main Casper network can be launched this summer already.

Yes, guys, Bitcoin is becoming less and less dominant. It now represents 32.5 percent of the value of all cryptocurrencies in circulation.

Information Source: TechCrunch