The price of ether, the cryptocurrency of the ethereum network, has surged over the last week, rising to the most in more than eight months and approaching a new all-time high – even as digital currencies like bitcoin and dash have generated significant visibility through their own sharp price gains.
Ether prices have risen as much as 59% during the week, reaching $20.67 at roughly 10:44 UTC today after opening slightly above $13 on 25th February, CoinMarketCap figures show. At the time of report, ether had pulled back somewhat, but was still trading roughly 50% higher for the week at $19.54.
As a result of its rally, the digital currency's price reached its most elevated level since mid-June 2016, when ether prices traded an all-time high amid the hype surrounding distributed organization The DAO.
Ether Prices Surge Under Shadow of Bitcoin and Dash
