EtherETHThe Nov. 10 all-time record of $4,870 reached by bulls seems to have excited them. While it was a new high in U.S. dollar terms, ETH is still 51% below June 2017’s price in (BTCThese are the terms. But it’s entirely possible that the 0.155 BTC level reached in the previous cycle reflected the overzealous expectations that were rampant during the initial coin offering frenzy.

The Ethereum network’s success has caused congestion and high fees, bringing the competition closer. For example, in mid-2017, the leading “competitors” were (ETCNEM (XEMThese are the other options. Combined, those represented a mere 13% of Ether’s $37 billion market capitalization.