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\u2019s recent rally to a high of its own.<\/p>\n
The digital asset gained as much as 3.5% to $4,403.93, topping the previous record of $4,379.62 reached in May.<\/p>\n
Other smaller tokens including Binance Coin and Solana rallied. Ether is now worth about $520 billion, according to data from CoinGecko.com<\/a><\/strong>.<\/p>\n Ether\u2019s latest milestone comes as the digital token has far outperformed Bitcoin throughout this year with a sixfold increase amid surging retail and institutional investor interest in the space.<\/p>\n Bitcoin has risen some 40% this month to reach a record of almost $67,000 following the debut of the first Bitcoin-linked exchange-traded fund in the U.S.<\/p>\n Ether underpins the affiliated Ethereum Network, the dominant blockchain used for thousands of decentralized applications.<\/p>\n The system got a further boost this week after a successful upgrade designed to make it faster and more energy-efficient.<\/p>\n \u201cOn-chain activity metrics for Ethereum appear to have found support and are reaching multi-month highs,\u201d said Sean Farrell and Will McEvoy, digital asset strategists with Fundstrat in a report Thursday.<\/p>\n Measures including transaction rate, new addresses and active addresses have shown strong growth this month after suffering declines in May, the strategists said.<\/p>\n Ether, the native token of the Ethereum blockchain and the world’s second-largest cryptocurrency, reached a record high of $4,400.<\/p>\n","protected":false},"author":341034,"featured_media":395655,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[187,38499,43338,42124],"class_list":["post-420474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-blockchain","tag-ether","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/420474"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=420474"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/420474\/revisions"}],"predecessor-version":[{"id":420476,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/420474\/revisions\/420476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/395655"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=420474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=420474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=420474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNow read: Photoshop makes big NFT play<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"