Ethereum Rises to Record High as Crypto Prices Continue To Surge
Cryptocurrencies continue to make huge gains.
Ether, the cryptocurrency tethered to the Ethereum blockchain, rose to an all-time high on Thursday following the recent successes of other cryptocurrencies.
According to Coindesk, the coin reached a high of $2,645 USD before dropping on Thursday afternoon. The site added that Ether has gained about 35 percent this month while rival Bitcoin has dropped about 8 percent.
It’s been an impressive month for crypto assets spurred by cryptocurrency exchange Coinbase making its debut on the Nasdaq Stock Market. Bitcoin has recently seen highs around $63,000 USD per coin, while Dogecoin reached an all-time high of $0.43 USD last week.
Cryptocurrencies are also proliferating the mainstream, as new apps and services begin to embrace the virtual coins. This week, Venmo launched a new service that will allow members to purchase and trade cryptocurrencies directly on the app. Several fast food chains and major tech companies have also started accepting crypto payments.
