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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.

ethereum 3660218 1920Ether, 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. 

Read the full article from Reuters.

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