Ethereum continues to press forward to new all time highs as ETH price surged to $1756 for the first time last night according to CoinMarketCap. Ether has since fallen to $1,674 at the time of writing.
As ETH prices breached $1,700 for the first time, Paolo Ardoino, CTO at Bitfinex shared his thoughts on Ethereum’s surging popularity with Blockchain.News in a note:
“Ethereum is seemingly ‘going to the moon’ as it reaches another all-time high above US$1,700. There are lots of moving parts to the second biggest cryptocurrency by market capitalization. Sceptics may focus on the challenges that it faces. But hackers and coders love to solve problems. Ethereum was designed to be a currency to fuel an ecosystem of applications and we are still at the very beginning of this journey. Meanwhile, the coming CME Futures launch represents another milestone towards crypto becoming an established asset class.”
Below are six reasons why Ethereum is showing so much strength and why the…