Ether Reaches All Time High

The price of Ether has reached all time high. According to Coinmarketcap, the current price of Ether is $460, which puts Ethereum market cap to $44 billion USD. Ether is the second largest cryptocurrency followed by Bitcoin, that is worth $137 billion.

Year 2017 has been a year of cryptocurrency and most of cryptocurrencies have risen in valuation 10 folds. In Jan 2017, the price of Ether was $7, that makes it 650% bump in the price within a year.

Ethereum proposed by Vitalik Buterin in 2013 and implemented in 2014, is a blockchain based open source platform to build smart contracts (scripts). Not only it lets you build smart contracts but also provide the Ethereum Virtual Machine (EVM), which can execute scripts using public nodes. Ethereum is the owner of cryptocurrency, ether, that can be used to buy and sell Ethereum credits.