All investors have been waiting for Ethereum to break the $400 level. As the cryptocurrency was gathering momentum this week, as could be seen in the graph below, the new all-time high signals confidence in the Ethereum community and a very important threshold to be reached.
Source: CoinMarketCap.com, 2017
With a market capitalization of around $40 billion, ethereum is now called the “second-most-popular cryptocurrency” and although there were worries around the $280 mln Parity wallet mischief in early November, where a user of Ethereum’s Parity wallet froze $280 million worth of ETH, the price momentum and stability seem to be increasingly positive.
According to Cointelegraph, one of the most important news to Ethereum investors is the first regulated ETH bond launched by a the fintech startup Nivaura and backed by “giants” like JPMorgan and Moody’s.
With Bitcoin surpassing the $8,000 price point, it seems that the two cryptocurrencies are ahead of their “competition”. With market caps account for more than 65% of the total market cap of all existing cryptocurrencies (around $200 billion), ETH and BTC seem “unbeatable”.