Ethereum clears $1,000 for the first time

Ethereum is kicking off 2018 with impressive new milestones.

The red-hot cryptocurrency cleared $1,000 for the first time early Friday morning, according to data from Markets Insider.

The coin, which started 2017 at around $10, has since fallen back below $1,000 and was trading up roughly 2.74% in the last 24 hours, at $974 per token. Ethereum’s market capitalization broke through $100 billion on Thursday.

These fresh milestones follow the release of the cryptocurrency’s fourth quarter report, which was tweeted out by founder Vitalik Buterin.

“Ethereum has grown very rapidly in the last few months,” the report said.

Transactions volume on its network doubled, according to the blog post, “surpassing 10 transactions per second for days at a time.” […]

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