Interest in bitcoin and other cryptocurrencies, including ethereum, is booming—fueled by unprecedented central bank stimulus measures and rocketing demand for alternative finance. The bitcoin price, up around 30% so far this year, is being left in the dust by huge gains seen by some smaller cryptocurrencies. Ethereum, the second most valuable cryptocurrency after bitcoin, has almost doubled in value so far this year—and the number of active ethereum addresses is growing at nearly twice the rate of bitcoin’s. The ethereum price has also surged this year, with ethereum's tradable token ether now trading at around $240—up almost 90% from $130 at the start of January. Despite the excitement swirling around ethereum, recent setbacks, including a warning that ethereum 2.0 may be delayed again, is leaving the door open for competitors.

Source: Forbes July 14, 2020 08:21 UTC