Ether, which is traded on the ethereum blockchain, enjoyed gains of close to 385% this year as it topped $3,000 in value for the first time. One possible explanation for Ether’s rise in value is a pending “technical adjustment” that will reduce the token’s supply in July.
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Ether Reaches New Heights On News of Supply Reduction
The world’s second biggest cryptocurrency, Ether, hit a record high of more than $3,600 as investors seemed to favor it over competitor Bitcoin last week. So reports Reuters.
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