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Title: Ethereum Surpasses $1,000 For the First Time, Factors Behind Increase Post by: cryptogrey on January 05, 2018, 03:09:52 PM Ethereum’s native cryptocurrency Ether has surpassed the $1,000 mark for the first time, achieving a new all-time high merely five days into 2018.
The recent surge in Ether price and the market valuation of the Ethereum Blockchain network can be largely attributed to two main factors: the abrupt surge in the value of Ripple (XRP) and the rising user activity of decentralized applications. In late December of 2017, Ripple overtook Ethereum for the first time in history, becoming the third alternative cryptocurrency with the exception of Ether and Bitcoin Cash to become the second largest cryptocurrency in the global market behind Bitcoin. |