Ether shows volatile nature as price bounces over $200 in a week
Ethereum investors had quite the roller coaster ride as ether (ETH), the blockchains "fuel" like currency bounced over $200 in just a week.
The bullish run that started around mid May at $90, capped out at an all time high of $227 before starting its plummit to $125.
Just as some investors see this large dip as a way to delegitamize the validity of digital currencies, some saw it as a rare opportunity to buy more at a price we may not see again.
Ethereum wasn't the only currency to take a hit. Memorial day weekend was a rough one for digital currencies across the board. If you were to look on Saturday May 25th, you would've saw an ocean of red.
However, the heavyweights prevailed. Each of the top 10 digital currencies saw gains on Memorial Day. Especially Ethereum, which allows tokens to be built upon its' blockchain that runs different decentralized applications. The rise of ETH saw the rise of its counterparts like Golem (GNT), DigixDAO (DGD) and Iconomi (ICN).
Some of this price increase that saw Ethereums market cap hit a new all-time high of over 20 billion could be attributed to Hubloi and OKCoin. Two Chinese Bitcoin (BTC) exchanges that are planning to implement ETH trading on June 1st, 2017.
All images courtesy of CoinMarketCap.
Roller coaster image courtesy of Flickr