Ether Rises to Record High, Renewing Alt-Season Expectations

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Ether, the native cryptocurrency of the most used blockchain, climbed to an all-time high amid surging use of the Ethereum network for everything from non-fungible tokens to decentralized-finance applications. 

The second-largest digital currency by market value — behind only Bitcoin — gained as much as 3.5% to $4,403.93, topping the previous record of $4,379.62 reached in May. Other smaller tokens including Binance Coin and Solana rallied, rekindling expectations for outperformance of so-called altcoins compared with Bitcoin. 

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