Earlier today, Ethereum broke through the critical milestone of $1000, setting yet another all-time high. It was just five short weeks ago that Ethereum enthusiasts celebrated the milestone all-time high of $500. The rate at which the crypto market is growing continues to astound.

At 04:24 UTC, the Ethereum price broke through $1000 on Bitfinex. As always, Bitfinex and GDAX are the exchanges to watch for serious price action, accounting for the majority of ETH/USD volume.


Ethereum has benefited from significant progress made with the sharding protocol, Casper, which aims to move Ethereum from a proof of work consensus system to proof of stake. Vitalik Buterin, the co-founder of Ethereum recently tweeted a screenshot of his Casper testnet setup:

The move to a new all-time high comes as the entire cryptocurrency market cap is seeing a shift away from Bitcoin and into Ethereum, XRP and so-called altcoins. In the last year, Bitcoin dominance has dropped from 94.29% to 33.2%, which can be seen clearly in the total market capitalization chart:

Total Market Cap – 1 Year Chart – Source:

With the recent announcement from the Ethereum Foundation of millions in grants for scaling research, along with the progress of existing scaling solutions, Ethereum looks set for an exciting 2018.



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