Ethereum gets a Wall Street sales boost as token lags bitcoin

Ethereum used to be seen as the most likely challenger to bitcoin’s status as the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology.

But as bitcoin and many other cryptocurrencies have been soaring in recent months – thanks to US President Donald Trump’s embrace — ethereum has struggled to keep pace, despite hosting the second most valuable digital token, ether. While bitcoin has gone up about 160 per cent over the last year, ether has risen only 40 per cent.

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Bloomberg