Ethereum Price Hits All Time High of $750 Following Speed Boost

15. December 2017.

Ethereum Price Hits All Time High of $750 Following Speed Boost

Ethereum’s price surge continued into today as the digital currency topped $700 to reach a high of $750 according to This brought Ethereum’s market capitalization to an astonishing $72.5 bln. However, as Bitcoin mounted a comeback, returning to near-record highs, Ethereum slipped. At press time, Ethereum was trading for $640.

Transaction throughput

The network’s transaction speed and fee normalisation seem to have influenced the prince increase. Co-founder Vitalik Buterin posted on Twitter Wednesday that the Ethereum network surpassed 10 transactions per second for an entire day on Tuesday.

Good news: we just surpassed 10 tx/sec for an entire day yesterday.

— Vitalik Buterin (@VitalikButerin) December 13, 2017

This has brought down unconfirmed, pending transactions considerably. Ethereum and Bitcoin in recent times have been experiencing huge numbers of pending transactions. According to, Ethereum processed a record 828899 Transactions on Tuesday.


In a related development, Donald McIntyre, founder of Etherplan, has congratulated Vitalik Buterin and the entire Ethereum team on the normalisation of Ethereum’s processing speed. In a post on Twitter, he wrote:

Hi @VitalikButerin@gavofyork@VladZamfir@nicksdjohnson and Ethereum team at large:

Although I give you hell for the social side and policies, the last few days were a big test for the network and it is proving to be a very sound design. Congrats! ?????

— Donald McIntyre (@TokenHash) December 12, 2017

Published at Fri, 15 Dec 2017 04:22:54 +0000

0 0 votes
Article Rating

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x
Register New Account
Login to
Reset Password