Cryptocurrency ethereum is at an all-time high and might hit the $1,200 mark, according to cryptocurrency tracker CoinMarketCap. As of writing, ethereum is valued at $1,163.14.

Its recent high was on Jan. 5, when it hit past $1,000 for the first time. So far in January, it has increased by 30 percent.

On the other hand, Bitcoin was able to hit past $17,000 on Jan. 5 but continues to trade below the December 2017 record high of $19,783.06.

It is currently valued at $15,413.50. According to British news site Express, experts cite that ethereum’s “secure technology” provides more financial backing.

The technology is more than just a cryptocurrency. The open-source platform allows applications to be built on it, and other digital currencies can be traded on the technology. Read more from business.inquirer.net…

thumbnail courtesy of inquirer.net