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Ethereum Price Crosses $400 To Reach An All-Time High

Following the footsteps of Bitcoin, Ethereum cryptocurrency has been increasing at a rapid pace in the past few days. As a result of this rise, Ethereum has crossed the $400 mark to reach an all-time high price of $414.90.


As per Coinmarketcap data, currently, this digital coin is trading at $408. Earlier this month, Ethereum faced a hiccup in the form of Parity wallet hack of about $150-$300 million. Now, things are looking stable.

On week-on-week basis, Ethereum is up 24%; on monthy basis, this rise is 43.33%. Also, it boasts a market cap of about $40 billion, which makes it #2 cryptocurrency after Bitcoin’s $137 billion market share.

Earlier this year in June, Ethereum had already crossed the psychological mark of $400. It’s also worth mentioning that analysts have predicted that the currency will cross $500 in late 2017 or early 2018.

This recent good run can also be attributed to the announcement of the upcoming, first-ever regulated bond based on this digital coin.

When would Ethereum cross the much-anticipated $500 mark? Share your guesses with us.

Also Read: What Is Bitcoin? Is It Legal Money?

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Written by Davin Kumar

He’s a Gamer and loves PPSSPP Emulator. He plays games on PPSSPP in his iPhone and shares those PPSSPP ISO and CSO with you so that all PPSSPP Lovers can Play PSP Games on Android and iOS Devices

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