Recently, Ethereum (ETH), the second-largest cryptocurrency in terms of market capitalization, recorded an all-time high price of $4,840, surpassing the $4,800 mark for the first time ever. Other popular cryptocurrencies, such as Bitcoin and Litecoin, surged as well, extending their gains during what has been a bullish few months for the cryptocurrency market. In the following article, senior investing columnist Robert Liu takes a closer look at Ethereum and investigates the factors that have caused it to skyrocket. Continue Reading

Cryptocurrency’s conundrum is that businesses will not want to accept cryptocurrencies as a payment method until its value stabilizes (the price of cryptocurrencies routinely yo-yo by five percent per day). The value can only become more stable once people start using it to actually purchase goods and services. Instead, cryptocurrency prices are currently determined by speculators. In other words, cryptocurrency’s future transactional demand will only really increase once its present transactional demand increases since this is the only thing that will allow its value to be sufficiently stable for businesses to accept. Continue Reading