Ethereum, the third largest cryptocurrency by market cap, has crossed the price of $1,000 per one ETH for the first time. It's currently trading at $1,016 with a $98.3 billion market cap, according to CoinMarketCap . SEE ALSO: Ripple and Ethereum keep breaking records while Bitcoin takes a back seat Often referred to as Bitcoin's little brother, Ethereum is actually a vastly different project than Bitcoin. While Bitcoin is primarily a payment platform and a currency, Ethereum is a platform for decentralized apps. This is what makes it extremely important in the world of cryptocurrencies — in 2017, there have been hundreds of projects that raised funds using the Ethereum platform, and many more are lined up. Coinmarketcap.com " data-credit-provider="custom type" src="https://i.amz.mshcdn.com/JBRyZB6XTn08KkAMcc3AMRubP-k=/fit-in/1200x9600/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F6...