It seems that investors are really buying the hype that Ethereum is cryptocurrency 2.0 and Bitcoin 3.0, quickly propelling Ether to the position of second biggest cryptocurrency by market capitalization, passing Ripple and now trailing only bitcoin itself.

The total market cap of Ethereum’s cryptocurrency just about doubled over the past week, reaching $200 million for the first time after only crossing past $100 million last Monday. The price jumped about 25% in the last twenty-four hours alone to above 0.0066 BTC ($2.60). Fueling the rise of Ethereum’s price were large trading volumes, about $11.6 million in the last twenty-four hours – a fifth of bitcoin’s ... (read more)