ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Thursday Nov 23rd 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

Ethereum Market Cap Hits Its Highest So Far

By

Brianne

Rivlin

WriterETHNews.com

This week, Ether hit the USD amount of $19 and surpassed the $1.5 billion market cap for the first time.

Over the past few days, we’ve seen quite the surge in Ether and bitcoin prices. With two Australian exchanges now offering the ability to obtain Ether, and other exchanges upping their Ether-ante, it’s no wonder that prices are rising.

Unlike all the other altcoins, Ethereum’s price is not linked to bitcoin. The typical trajectory of altcoin prices decrease when bitcoin prices surge. However, Ether has its own path and is subject to increase or decrease without the influence of bitcoin. And this week it hit the USD amount of $19, and surpassed the $1.5 billion market cap for the first time.

But as Ether has been on the rise, bitcoin and other altcoins have also been hitting that uphill button on the treadmill. Of course it’s possible these currencies are taking a climb because people are hopping online to purchase bitcoin and other virtual currencies in order to make a trade for Ether. There are currently more exchanges that offer virtual currency trades for Ether than straight out purchases. Within the past 24 hours, the trading volume for Ethereum has gone over $52 million.

With more exchanges announcing their fuller options list of currencies, and the success of the Decentralized Autonomous Organization otherwise known as the DAO- it’s prudent to say that Ether will continue to rise. It should also be noted that while both Ether and bitcoin have certainly seen an increase, these currencies are not seen, at this time, as competitors.  

Brianne Rivlin

Brianne Rivlin has been writing within the internet field for over seven years. During the last few years, she has been heavily influenced by blockchain tech, virtual currencies, and Ethereum.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ether, exchanges or other Ethereum technology news.