Ethereum Breaks $500 For First Time In Cross-Crypto Frenzy

Ethereum is now worth more in USD than ever before as enthusiasm spreads beyond Bitcoin.
Ethereum is now worth more in USD than ever before as enthusiasm spreads beyond Bitcoin.

Ethereum has reached $500 for the first time on the strength of future plans and Indian markets opening up trading. Data from cross-exchange resource Coinmarketcap shows ETH currently trading around $525 at press time, topping new highs of $400 seen just six days ago.

The moves echo those of Bitcoin, which has added proportionately similar gains in a similar timeframe, and increased by $1000 in the past 24 hours alone. Co-founder Vitalik Buterin had unveiled the ecosystem’s roadmap at a Taiwan conference last week, eyeing Casper and other technical advances intended to address some of Ethereum’s current issues.

In addition, major Indian exchange app Zebpay added Ethereum trading as a direct response to user demand. In a blog post Monday, it revealed it would also add Litecoin, Ripple and Bitcoin Cash to its books.

Having begun the year at just $8, Ethereum is one of the miracles of 2017’s cryptocurrency explosion. Ethereum Classic, Litecoin, Monero and Dash also posted new all-time highs in USD today.