Ethereum\'s token, ether, has hit a new record high, being traded for $978 on January 4th. Rising by 11 percent within just a 24 hour window, experts are expecting ether\'s value to rise to $1000 soon; a figure which has reportedly already been reached through Asian exchanges. Western exchanges appear to be trading at a slightly lower value of around $950.

This growth follows what has fast become a trend for ether, which increased by 14 percent in a 24 hour period just 2 days ago, and 13 percent throughout the last week of 2017. Ether is not the only cryptocurrency to have experienced this sort of growth recently, with coinbene, binance, and bithumb all seeing rapidly increasing activity during the first few days of 2018.

Ether is today one of the most valuable cryptocurrencies. Currently, Ethereum takes third place on the cryptocurrency leaderboard, coming just behind Ripple, whose token is trading at $3.81 and Bitcoin, trading at $14,607.00.

Future values for ether appear promising, with the measured height method strongly predicting a rally to $1045 within the near future, although some claim this could continue to $1050 or above, yielding high profits for ether investors.