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Ethereum Extends Price Run

After breaking through $1000, the price of ether has moved above $1200.

Editor’s Remarks: Ethereum founder Vitalik Buterin has recently warned that the cryptocurrency market has not done enough to justify the huge amounts of cash sloshing around the cryptosphere. The market appears to have taken his statement as further evidence of his growing role as a figurehead for the blockchain world, and investors are piling into his platform. Nearly every ICO takes place on the Ethereum network and it currently dominates the market for decentralised applications. Following the latest price rally, Ethereum has retaken the number two spot from Ripple, which had occupied the position since the new year.

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