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Saturday, May 13, 2017

Ethereum Price Hits New All-Time High Led by South Korea, Ripple and Litecoin Surge

Ethereum Price Hits New All-Time High Led by South Korea, Ripple and Litecoin Surge

Ethereum has maintained its upward trend and momentum over the past seven days, recording a staggering $3.7 bln increase in market cap, from $5.7 bln to $9 bln. On May 5, Ethereum price established its new all-time high at $101 as the demand from both traders and institutional investors surged.

There are three major factors that have supported the increase in Ethereum price: widespread adoption in South Korea, satisfactory performance from the Enterprise Ethereum Alliance (EEA) and the emergence of innovative decentralized applications based on the Ethereum network.

Full story at http://bit.ly/2p9t8u4

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