The world’s second-largest cryptocurrency has broken its previous all-time high set in January 2018. Ether (ETH) price hit $1,439.33 on Tuesday around 12:00 UTC. That’s a little over the previous all-time high of $1,432.88.
Rising of Ether Price
Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has topped its previous bull market peak nearly two months after Bitcoin surpassed its December 2017 record price to hit a new high above $41,900 earlier this month, reported Coindesk.
While Ether has trailed bitcoin in its journey to new lifetime highs, it has outpaced the top cryptocurrency on a year-to-date basis with a 92% gain. Bitcoin has risen 27% so far this year.
Ethereum Blockchain Basics
The Russian-Canadian developer Vitalik Buterin co-founded and originally described the Etehereum blockchain. It served for decentralized applications (dapps) such as prediction markets or trading venues. Dapps operated similarly to regular applications, but inherited features of blockchain-based technologies such as censorship resistance.
Many people regard decentralized finance (DeFi) the best Ethereum use case to date. DeFi markets enable permissionless and automated lending, trading, and borrowing to anyone with an internet connection.
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