Ethereum cryptocurrency hits $4,400, an all-time high

But though Bitcoin, the original crypto, gets the spotlight,Ether is actually the most used coin.

It reached an all-time high on Thursday night,touching $4,400 for the first time.

The cryptocurrency’s previous all-time high was $4,379, which it reached in May.

Like Bitcoin, Ether had seen its price rise sharply since late 2020, entering 2021 at $383.

Also like Bitcoin, its price crashed in May afterChinese authorities cracked down on cryptocurrency services, including mining.

At the time of writing, the price stood at $4,305.

While Bitcoin enjoys much more widespread recognition, its function is largely limited to it being a speculative asset.

It became the latest crypto sensation this week.

The coin reached a record high of $0.000086 Wednesday, up from $0.0000000001 last October.