The price of Ether broke above $800 Friday, reaching its highest level since March 8.
The cryptocurrency native to the ethereum blockchain climbed by more than 11 percent in 24 hours. Opening at $772 Friday, Ether rose above $803 at one point.
The second most popular cryptocurrency's performance has almost been similar to that of Bitcoin this year.
The digital currency cleared $1200 to post a new record high in early January, but has since given back those gains.
In line with a broad decline across nearly all crypto-assets, Ether's downward trend continued till April 5, reaching $380, its lowest level in more than four months.
Ether saw a steady growth since then, a significant rise of $423 to its value within a month.
April has been a phenomenal month of recovery for the softcoin. A more than 100 per cent growth will surely be good news for investors in the cryptocurrency following a tumultuous trading period.
Ether's rise has defied growing regulatory concerns such as crackdown on initial coin offerings (ICOs) in many countries.
Alexis Ohanian, a co-founder of Reddit, sees the price of Ethereum (ETH) reaching $15,00 in 2018.
Google co-founder Sergey Brin recently gave Ethereum mining credit for playing a role in the "boom in computing" currently taking place.
by Joji Xavier
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