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Saturday, May 13, 2017

Ethereum Price “Dashes” Past $100 As Altcoins Stage Another Comeback

Ethereum Price “Dashes” Past $100 As Altcoins Stage Another Comeback

Ethereum has fulfilled investors’ wildest speculations to surpass $100 per token as altcoins stage yet another rally.

An initial hover around $80 for ETH earlier this week gained further momentum to see the asset cross the $100 mark for the first time in its history.

Altcoins across the top ten and beyond reversed losses triggered by Bitcoin’s price rally, with both Ripple and NEM climbing around 37 percent in the 24 hours to press time on Friday.

ETH has managed to overcome community misgivings stemming from March’s initial uptick to between $30 and $40. At the time, speculation was rife that foul play was artificially inflating prices and that the asset would soon collapse.

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