Ethereum Passes $4000 For the First Time
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Ether has reached a new all-time high of $4000 in the early hours of Monday
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The new high is coming only one week after Ether broke $3000 for the first time as well
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Ether is a cryptocurrency that is minted on the Ethereum blockchain
On May 5, 2020, 1 Ethereum was worth $186. Fast forward to today and one holding of the coin is valued at over $4000.
Ether has experienced a growth of over 2100% in the past year, yet it has gone under the radar.
Only last week, ETH broke a new all-time high to reach $3000 and it has done it again.
What is Ethereum?
Ether is the cryptocurrency of the Ethereum blockchain. It is used by traders to initiate buy and sell transactions of altcoins.
The blockchain also lets people build decentralized applications on its blockchain.
Read also: Dogecoin Investors Lose as the Coin Dumps to $0.48
ETH was founded in 2013 by Vitalik Buterin, a Canadian-Russian programmer and it currently has a market cap of $477 billion.
The current market price of the coin is $4,115, according to CoinMarketCap.
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