Wednesday, February 03, 2021
Second largest cryptocurrency
Bitcoin alternative Ether reaches record high
Apparently, others are also benefiting from the brilliant Bitcoin soaring: The second largest crypto currency Ether has been increasing since the beginning of the year and is now cracking its personal high. No comparison to the Primus Bitcoin yet, but Ether can come up with technical features.
The second largest cryptocurrency after Bitcoin, Ether, has risen to a record high. On the Bitfinex trading platform, the price rose to 1576 US dollars (around 1308 euros). This is the highest price ever for Ether. At other digital currency exchanges, of which there are many, the respective maximum rates may differ.
After Bitcoin, ether has the largest market share of all cryptocurrencies. It is currently around 16 percent. This also highlights the overwhelming dominance of Bitcoin, which currently has a market share of around 60 percent.
Ether initially benefited little from the price rally, which pushed Bitcoin to a record high of $ 42,000 in early 2021. Since the beginning of the year, however, Ether has increased significantly, while the Bitcoin price has tended to decline.
Like Bitcoin, Ether is based on the future-oriented blockchain technology, which corresponds to a kind of decentralized database. Ether focuses on so-called "Smart Contracts". These are small computer programs that can set automatic processes to run. For example, it is conceivable to link a payment process with legal processes such as the transfer of ownership. One focus of Ether is the decentralization of financial services.
. (tagsToTranslate) Economy (t) Bitcoin (t) Cryptocurrencies