Photo: Jack Taylor (Getty Images)
Amidst an ongoing crypto surge, Ether soared to new market heights Monday, becoming one of the priciest cryptocurrencies in circulation. The Ethereum blockchain-based token is now worth around $3,200, making its total market capitalization higher than Bank of America, Paypal, and Nestle.
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The new valuation has also made Ether’s creator, the 27-year-old Russian-Canadian computer programmer Vitalik Buterin, the world’s youngest crypto billionaire. At the age of 19, Buterin helped create the Ethereum blockchain and has served as a manager of the blockchain since 2013.
Ether, which is the second-largest cryptocurrency next to Bitcoin, has seen a meteoric rise in value over the past year. Some twelve months ago, the coin was trading at $210. As of last week, it sat at $2,500. As of today, it has quadrupled in value for the year so far and at least one analyst is now suggesting the coin could go as high as $5,000 by the end of the wee