Ether price set its new all time high

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Ether price set its new all time high

Ether price, or the digital currency that fuels the Ethereum blockchain network, reached today its new all-time high.

This token, that’s always been on the edge for a week, hit $32.78 according to CoinMarketCap today, growing about 15% higher than its opening price of $28.65.

At the press time, ether price is trading at $40.88, or its new all time high.

Ether price: new highs

This new achivement coincides with a general growth of the cryptocurrency market that has been rising in value even after the SEC decision to refuse the bitcoin ETF, the first bitcoin investment vehicle proposed by Winkevoss investors.

Ether price rose of about 70% from a low of $17.68 on 10th March to a high of $30.60 on 13th March.

Investors are looking for new alternatives

According to analysts, investors and traders are looking for new alternatives. First of all, bitcoin is having difficulties, for example the block size debate, its calability, the segregated witness related issue and a possibile hard fork on the way.

Bitcoin’s current challenges make the alternatives more inviting and appealing, as said by fund manager Jacob Eliosoff.

Also, Tim Enneking underlined the huge protif that traders could receive from other digital assets.

Right now, in fact, a few altcoins are experiencing new all time higshs, including Dash and Zcash.

On the other hand, however, bitcoin price has reached a new goal too, as its value is above $1000 for more than 31 days.

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Amelia Tomasicchio
Amelia Tomasicchio

Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

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