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Ethereum soars to all-time high as total crypto market cap eclipses 100 billion

Image courtesy of  Shutterstock

Image courtesy of Shutterstock

Tuesday morning we saw yet another milestone in Ether (ETH), the fuel like cryptocurrency that powers the ethereum network. 

The price of a single ETH token eclipsed $250 according to CoinMarketCap. This pushes the ROI (return on investment) of ETH to 2,800% since the begginning of this year.

This currency is rising for many reasons, one possibly being the endorsement of Vlaldamir Putin. This past weekend the Russian leader met with Ethereum creator, Vitalik Buterin to discuss blockchain possibilities, Ethereum and other initiatives. Buterin stated he briefly talked to the Russian leader after a meeting with the CEO's of Russia's largest corporations. 

This is one of many world leaders Buterin has discussed the possibilities of Ethereum with.

With all the buzz around ether,it wasnt the only one to start the day strong. Bitcoin also hit an all-time high this morning of over $2,850.

Both of these heavyweights are having phenomenal years as growing blockchain interest ensues with corporate titans, heavy foreign trading and convergence into current payment systems.