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…
Continue Reading