A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK

Ethereum grew 4,500% this year and should surpass bitcoin in the next few weeks

4,500%

The market value of the cryptocurrency ethereum increased by 4,500% over the last six months.

Published   |  Photo by Reuters/David Gray
A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

Ethereum, created only two years ago, already has the second biggest market value, behind only the veteran bitcoin, created eight years ago.

A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

Most valuable cryptocurrencies in late June 2017

A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

Ethereum is growing in part thanks to initial coin offerings—funding schemes used to raise money that often employ the currency.

A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

But ethereum’s success is also due to bitcoin’s struggle. The internal fights among bitcoin’s most ardent users is affecting its price.

A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

And being associated with the WannaCry global ransomware attack, as the coin that victims had to use to pay the ransoms, did not help bitcoin either.

A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

Market value of bitcoin, ethereum, and ripple

A Chinese investor watches an electronic board showing stock information at a brokerage house in the financial district of Beijing February 4, 2009. China's stock market continued rising in heavy trade on Wednesday, with the main index climbing above a widely watched technical level, because of further signs that economic growth might be starting to bottom out.       REUTERS/David Gray      (CHINA) - RTXB7IK
4,500%

Ethereum is expected to surpass bitcoin in value sometime in the coming weeks.

Published

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