On Wednesday, ethereum hit $314.75, the highest level in over a month since it reached $322.28 on June 29, according to CryptoCompare, a platform monitoring live prices of major cryptocurrencies. The price pulled back at a bit on Thursday to just above $301.
But ethereum has been climbing steadily. Over the past two weeks, ethereum is up nearly 50 percent.
At the same time, there has been huge hype around so-called initial coin offerings (ICOs).
From the beginning of 2017. So far, ICO has raised 1.25 billion dollars.
The number of transactions in a single day using ethereum also hit a record high this week.
Analysts expect the price of the cryptocurrency to continue to rise.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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