Ether, the second-largest currency, rose to a record as interest in so-called alt coins continues to surge.
For most people it makes sense just to start with the top two: Bitcoin and Ether.
“Ether is a blockchain platform that functions like the Apple store or Android app store,” said Pat LaVecchia, chief executive officer of Oasis Pro Markets, a U.S.
Unlike Bitcoin, where many of its core features like its supply cap are baked into the design, the Ethereum platform is evolving.
With a slide of about 20 per cent in the Bloomberg Galaxy Crypto Index, there’s notably more downside risk to Ether than its larger compatriot, strategist Benson Durham said.