Ethereum hit record high %2800 this year

The ethereum reached Sunday the price of $ 250 and has increased its trade in Asia.

According to information from Coindesk during this year its value has gone up by 2800%, last year during the month of June its price was only $ 8. This is unbelievably seems to be following the same path as Bitcoin.

They explain that these were some of the reasons for their strong increase during this year:

• A group called the Enterprise Ethereum Alliance (EEA) was recently founded to connect large companies to technology vendors in order to work on projects using the blockchain. Companies involved in the launch include JPMorgan, Microsoft and Intel. A further 86 companies were recently added to the alliance, helping to give legitimacy to the technology.

• There's been a surge in initial coin offerings (ICO) which is a new way for cryptocurrency start-ups to raise money. These ICOs have been worth tens of millions of dollars and many of the companies are based on the ethereum blockchain, which means that it would utilize ether tokens, helping to boost the price.

• Vitalik Buterin, the founder of Ethereum, recently met with Russian President Vladimir Putin. Industry publication The Cointelegraph reports that Putin and Buterin discussed the application of the technology in the country. Cryptocurrency experts said further regulation and government intervention could help the price of bitcoin and ethereum.

Read more in the source here cnbc

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Price of Ethereum now:

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