The price of Ether, the second largest cryptocurrency on the market by market cap, has just hit a new all-time high after surpassing $1,900 for the first time ever. Thus, at 12:05 CET, the altcoin has added 5.19% over the last 24 hours to $1,914.51, while its market capitalization stands at $219B.
The rise in the price of Ether has led to an increase in transaction fees on the network. Now this indicator is around $20, while making transactions on decentralized exchanges operating on the basis of this crypto costs users $100 or more.
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NewsBTC analyst Aayush Jindal has recently predicted the price of Ether could reach $2,000.
CME launched its Ethereum futures this month, which could attract institutional investors.