# Ether reaches record after Visa move, Mark Cuban comments | Tech News (HT Tech) > Ether has a market value of about $240 billion, compared with about $1.1 trillion for Bitcoin, according to data from CoinMarketCap.com. # Ether reaches record after Visa move, Mark Cuban comments ## Ether has a market value of about $240 billion, compared with about $1.1 trillion for Bitcoin, according to data from CoinMarketCap.com. Aug 21 2022, 16:18 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Ether has nearly tripled this year. REUTERS/Dado Ruvic/Illustration](https://images.hindustantimes.com/tech/img/2021/04/04/1600x900/2021-02-19T224112Z_895680622_RC2YVL93EI8S_RTRMADP_3_CRYPTO-CURRENCY-ETHEREUM_1615169104794_1617501690271.JPG) Ether has nearly tripled this year. REUTERS/Dado Ruvic/Illustration (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG Ether, the world’s second-largest cryptocurrency, rose to a record high as the rally in digital assets continues to broaden beyond Bitcoin. The digital token for the Ethereum network gained 6.2% on Friday and reached as high as $2,144 on Saturday. It has nearly tripled this year, and first topped $2,000 briefly on an intraday basis in February. Bitcoin was little changed Friday after more than doubling this year. “The latest backing from Visa Inc. appears to be giving the bulls a new reason to persist in their stride,” said Konstantin Anissimov, executive director at cryptocurrency exchange CEX.IO. Also read click here. Visa said this past week that its payments network will use USD Coin to settle transactions over Ethereum, which has helped boost sentiment. Also, billionaire entrepreneur Mark Cuban’s comments about owning the digital asset and that it’s closest “to a true currency” have increased interest, in addition to the ongoing upgrade of the network, according to Greg Waisman, co-founder and COO of the global payment network Mercuryo. The token has mirrored the gains in Bitcoin over the past year amid a flood of stimulus aimed at boosting the global economy during the Covid-19 pandemic. Critics warn that crypto is a speculative bubble that will likely burst. “We’re now really breaking higher and that will very likely attract buying activity,” said Julius de Kempenaer, senior analyst at StockCharts.com. “Ether is gaining in relative strength versus Bitcoin.” Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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