<p>Ether, the world's second largest cryptocurrency hit a all time high on Friday, a little over a week after larger rival bitcoin set its own record.</p>.<p>The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set May 12.</p>.<p>Cryptocurrency markets have rallied sharply in recent weeks, and ether is up over 60% since its late September trough.</p>.<p>Bitcoin, which hit its record high of $67,016 on Oct. 20 was last 1.4% higher at $61,457, up about 50% since late September.</p>.<p>Among the biggest recent movers in cryptocurrencies however, is meme-based cryptocurrency shiba inu whose price has rocketed around 160% this week, and is now the world's eighth largest token.</p>.<p>Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.</p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>Ether, the world's second largest cryptocurrency hit a all time high on Friday, a little over a week after larger rival bitcoin set its own record.</p>.<p>The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set May 12.</p>.<p>Cryptocurrency markets have rallied sharply in recent weeks, and ether is up over 60% since its late September trough.</p>.<p>Bitcoin, which hit its record high of $67,016 on Oct. 20 was last 1.4% higher at $61,457, up about 50% since late September.</p>.<p>Among the biggest recent movers in cryptocurrencies however, is meme-based cryptocurrency shiba inu whose price has rocketed around 160% this week, and is now the world's eighth largest token.</p>.<p>Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.</p>.<p><strong>Watch latest videos by DH here:</strong></p>