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Ethereum reaches all-time high, breaks through $400

Billionaire Mike Novogratz commented on 11/23/2017 that ether could hit $500 by the end of the year.

The Ethereum price broke $400 for only the second time in its history on Thanksgiving morning in the U.S. As per CoinMarketCap, the ether-U.S. dollar (ETH/USD) exchange rate has appreciated by 12.61 % in the last 24 hours and recorded all-time high as about $425.

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15 % of Ether trades over the past 24 hours. The demand for Ether has been evenly distributed across two major markets, South Korea and the US. South Korea’s Bithumb.

The Ethereum network has started to settle more transactions than the Bitcoin network since the execution of the Byzantium hard fork in October. Frank Schuil, the CEO at Safello, one of Europe’s largest bitcoin brokerages and wallet platforms, revealed on 11/22/2017 that the ETH network has been processing more transactions on a daily basis than the entire cryptocurrency market, including bitcoin.

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