Ether, the cryptocurrency tethered to the Ethereum blockchain, rose to an all-time high on Thursday following the recent successes of other cryptocurrencies.

According to Coindesk, the coin reached a high of $2,645 USD before dropping on Thursday afternoon. The site added that Ether has gained about 35 percent this month while rival Bitcoin has dropped about 8 percent.

It’s been an impressive month for crypto assets spurred by cryptocurrency exchange Coinbase making its debut on the Nasdaq Stock Market. Bitcoin has recently seen highs around $63,000 USD per coin, while Dogecoin reached an all-time high of $0.43 USD last week.

Cryptocurrencies are also proliferating the mainstream, as new apps and services begin to embrace the virtual coins. This week, Venmo launched a new service that will allow members to purchase and trade cryptocurrencies directly on the app. Several fast food chains and major tech companies have also started accepting crypto payments.

Click here to view full gallery at HYPEBEAST

Source link