Days after hitting $900, ethereum’s native ether token, ether, has topped $1,000 for the first time in its history.
After spending two days mostly below its previous high of $900, ether went on a rally Wednesday, and hit its latest milestone of $1,000 early Thursday morning, according to data from CoinDesk’s Ethereum Price Chart (EPI).
Despite the increase, however, it remains as the third largest cryptocurrency by market cap, having recently lost the second place spot to Ripple’s XRP token. According to data from CoinMarketCap, XRP’s lead has grown to more than $40 billion in the last day.
The largest cryptocurrency by market cap, bitcoin, is down on the day, having dropped from its week’s high of $15,393, according to CoinDesk’s Bitcoin Price Index (BPI). Bitcoin has mostly traded sideways over the last week, with prices staying in the $13,000 to $14,000 range interrupted briefly with a drop to nearly $12,000 on Dec. 30.
Bitcoin’s dominance in the cryptocurrency market cap remains just below 33%, having dropped from 43% over the last week, according to CoinMarketCap.
For more on ether’s recent performance, view our 2017 in Review recap here.
Runner image via Shutterstock
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.