ETHEREUM’S incredible price surge has made its 27-year-old founder a BILLIONAIRE.
Vitalik Buterin now has at least $1 billion worth of the cryptocurrency in his main wallet – making him the world’s youngest crypto billionaire.
Buterin spearheaded the launch of the Ethereum blockchain in 2015.
Ethereum’s cryptocurrency, ether, surged past $3,000 for the first time early Monday morning, marking a 325% rise since the beginning of this year.
Ethereum’s incredible rise came after three years of decline which saw it falling below $100 in April 2020 following a previous high of $1,200 in 2018.
But over the past 12 months the currency has absolutely rocketed.
Boosted by a buoyant market and a strong Bitcoin, Ethereum has absolutely smashed it’s previous high, with forecasters now tipping the currency to hit a staggering $5,000 before plateauing.
That said, as with all cryptocurrencies, there are no guarantees that any investments will make money and in many cases investors has lost absolutely everything they have put into the coins.
Read our cyptocurrency live blog below for the very latest updates…
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‘GREEN’ CRYPTOCURRENCY CHIA LAUNCHES
A new “eco-friendly” cryptocurrency has launched, named Chia.
It doesn’t need extensive electricity and high-end hardware to mine, making an energy efficient decentralised blockchain.
It was created by the inventor of BitTorrent, Bram Cohen, and is based on the so-called “proofs of space and time” which uses vastly less energy than proof of work.
