Ether, the cryptocurrency of the Ethereal network, soared to a record high on Friday, driven in part by a new update and data showing that smart contract blockchain Ethereum burned more tokens than it emitted in the last 24 hours.
The second-largest cryptocurrency shot 3.9 percent to $4,339.86, surpassing its previous record of $4,379.62 reached back in May, as per Bloomberg. Ether is now worth about $520 billion, according to data from CoinGecko.com.
