Ethereum Market Cap Reaches Record as New Features are Released

The price of Ether increased another 21% in the last 24 hours completing a rise of about 70% during the

The rise of Ethereum just keeps going, as the price of the cryptocurrency sets new records. Only yesterday the market capitalization of Ether reached a quarter of a billion dollars for the first time and now it is even higher. More than just the figure, at about $283 million, Ether is again beating Ripple as the second biggest cryptocurrency by market cap.

The price of Ether rose over 69% in the past week, jumping about 21% in the last twenty-four hours alone to above 0.0098 BTC ($3.68). Supporting the rise of Ether’s price were large trading volumes, about $14.4 million in the last twenty-four hours – over a quarter of bitcoin’s daily trading volume ($55.3m ADV).

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New Technical Features

Possibly generating a small part of the excitement that led to traders interest in the cryptocurrency are new features and personal announcements from Ethereum. The technology’s IDE Mix 1.0.0 was finally released and Ethereum’s C++ was updated to Version 1.1.2.

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The Ethereum Foundation revealed  the appointment of Dr. Christian Reitwiessner, a blockchain specialist with a PhD in Computational Complexity, as Lead Developer and Leader of it’s C++ team. He created the Ethereum Smart Contract Language, Solidity.

Dr. Reitwiessner commented: “As the new C++ team lead, I will do my best to get the entry barrier as low as possible not only for users (DApp developers) but also for developers (platform developers). This is a necessary step, and I am convinced that this is the way software should be developed, especially software that aims to be beneficial to humanity as a whole.

Of course, the community can only support us, we cannot ask anyone to develop an important feature with a deadline in their free time. This is why the core team will focus on the key software components and many other things will be optional. We will drop any work duplicated between the Go and C++ teams unless it is essential for finding consensus bugs and work hard to remove the invisible “language barrier” and bring the teams closer together to function as one cohesive team.”

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