Business
Ethereum: what is it and why has the price gone parabolic? – The Conversation UK
While bitcoin is only a currency, the second-largest cryptocurrency is at the heart of a platform that aims to transform the internet.
The price of the worlds second largest cryptocurrency, ether, hit a new all-time high of US$1,440 (£1,050)
on January 19. This breached a previous high set three years ago and gave ether a total value (market capitalisation) of US$160 billion, although it has since fallen back to around US$140 billion.
Ether, which runs on a technology system known as the ethereum blockchain, is worth over ten times the price it was when it bottomed during the COVID market panic of March 2020. And the cryptocurrency…
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