Ether Prices Rise To A Multiweek High As Supply Deteriorates
Ether prices have been rising lately, climbing to their loftiest value since early September as the supply of this digital currency dries up.
The digital currency, which serves as the native asset of the Ethereum platform, reached as much as $3,823.19 around 12:15 p.m. EDT, CoinDesk data shows.
At this point, the cryptocurrency had increased roughly 12% from the intraday low of $3,412.38 it reached yesterday, additional CoinDesk figures reveal.
Further, ether was trading at its most elevated value since September 7.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
When explaining these latest price movements, several analysts spoke to market dynamics.
“Momentum has been slowly building behind ETH over the …
More on: www.forbes.com