The price of Ethereum today goes through the roof. It is not only a new all-time high which makes this important. More so, Ethereum breaks through $300.
Today’s intraday high was set at $322. That is simply amazing, as two weeks ago Ether crashed to $130 before bouncing back strongly. Since then, prices doubled, incredibly powerful.
With that, Ethereum confirms what we have said for a long time:
- Ethereum is the strongest of all cryptocurrencies, with unique features that make it extremely powerful
- Both investment demand and application demand are rising, a fundamentally strong combination
- Ethereum is in a ‘healthy bubble’
- Ethereum’s long term price forecast of $1000 is in play
This latest Techcrunch article points out that Ethereum has become the go-to cryptocurrency used for most ICOs. Those are Initial Coin Offerings, an alternative on IPOs but then focused on blockchain startups. That is one of the many drivers for Ethereum’s strong price rise: it is being used in real life, as we use to say.
The high level price statistics are amazing. As seen below, a screen taken from our homepage, Ethereum is up 14% against yesterday and 240% since last month.
We expect a continuation of a rise in Ethereum’s price.