Update: Ether hit a new all-time price high of $414.90 at around 15:48 UTC today.
The price of ether, ethereum's native token, is closing in on record highs above $400.
Soon before press time, the world's second largest cryptocurrency by market capitalization had hit $413 – a whisker short of ether's all-time high of just over $414 set in mid-June.
As per CoinMarketCap, the ether-U.S. dollar (ETH/USD) exchange rate has appreciated by 12.61 percent in the last 24 hours. Week-on-week, ETH is up 24 percent, while on a monthly basis, it is up 43.33 percent.
And, of course, it can't be hurting that billionaire Mike Novogratz commented yesterday that ether could hit $500 by the end of the year.
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