has risen 100% from its June low and outperforming Bitcoin.

According to CoinDesk data, Bitcoin dropped to $17,601 in June and has risen around 31% since then, as of Friday's trading prices.

Ether, which also reached an all-time low of $880.93 on June 19, has risen 106% since then. Analysts fear that any delays in the Ethereum upgrade could hinder a major rally.

On friday,

major cryptocurrencies gained with ether (ETH), breaking the $1600 mark amid an increase in equity markets across Asia and Europe. 

One major reason for the huge differences in performance between the two currencies is a significant upgrade in the Ethereum Blockchain.


is closer to adopting a Proof-of-Stake model for its network. This is less energy-intensive than the current proof-of-work method. 

The asset has been able to hold up in advance of the "Merge", an upgrade on Ethereum's network in September.

rose 4.5% in the last 24 hours and showed signs of strength, consolidating over $23,500. On the other hand Dogecoin saw a 3.4% increase.