Ether Reaches Record High of Over $4.4K as Shiba Inu Becomes a Leading ETH Burner

Posted on by American Coins & Gold

Ether Reaches Record High of Over .4K as Shiba Inu Becomes a Leading ETH Burner
Ether (ETH) clocked a new all-time high on Friday as blockchain data showed that smart contract blockchain Ethereum burned more tokens than it emitted in the last 24 hours, thanks partly to strong action in Shiba Inu (SHIB).The native token of Ethereum’s blockchain rose to $4,402 during Asian hours, topping the previous record high of $4,379 reached in May, according to CoinDesk data.At the going price of $4,370, the cryptocurrency is up 45% on a month-to-date basis versus bitcoin’s 40% gain. The ether-bitcoin implied volatility spread is rising in a sign that the market expects ether to continue leading the…