The world’s second largest cryptocurrency continues to post major gains.
Editor’s Remarks: After being briefly eclipsed by Ripple last week, Ethereum is now firmly back in the number two spot in the cryptocurrency world. Its market cap is now $133bn – the same as Ripple roughly this time last week – while the former, which is still in third place, has fallen to $75bn. Ethereum’s co-founder, who has since left the Ethereum Foundation, recently predicted that the cryptocurrency market will experience an imminent crash followed by a rapid wave of consolidation as it becomes clear which platforms and coins have real-world application and which face insurmountable tech-related obstacles. At the time of writing, Ethereum is nearing $1,400 after crossing $1,000 just a few days ago.
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