Ethereum's yearly gain has been even more impressive. Like bitcoin, Ethereum only has a finite number of digital coins that can be mined. Despite some volatility, the second largest cryptocurrency is currently up by 2,530% since January 1, when it was worth $8.15.
SUNDAY Bitcoin cash passed a wild night. Early Sunday morning surprisingly the cryptocurrency skyrocketed to an all-time high of $2,500 a coin . According to the online market place CoinMarketCap it is also declared Ethereum as the second-largest cryptocurrency by market cap. Because Bitcoin cash, which notably split from the original value of bitcoin in August, was gaining on its sister coin up until about 2 a.m. ET on Sunday. It later shed about $1,000, and by 11:35 a.m. ET it was only trading up 14.8% at $1,535, slipping back below Ethereum's market cap.Still, it was an impressive march for a cryptocurrency that has spent most of its trading at $300 to $500.
Ethereum's founder, Vitalik Buterin, even chimed ETHEREUM as 2nd largest cryptocurrency , after wild night of BTC trade on the news in a tweet late Saturday night to congratulate the coin's main backers.