Ether Rises to Record High as Use of Ethereum Blockchain Surges
Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding an upgrade to the Ethereum network and rival Bitcoin’s recent rally to a high of its own.
The digital asset gained as much as 3.5% to $4,403.93, topping the previous record of $4,379.62 reached in May. Other smaller tokens including Binance Coin and Solana rallied. Ether is now worth about $520 billion, according to data from CoinGecko.com.