Ethereum hits a fresh record high and is up over 13,000% in a year
The price of ethereum hit an all-time high of $1,417.38 on Wednesday, according to CoinDesk
The cryptocurrency's price is up around 60 percent in the last week
Steven Nerayoff, a co-creator of ethereum, said it could "easily" double or triple this year
The digital currency hit a record high of $1,417.38 before paring some of those gains, according to CoinDesk, a website that tracks the prices of the digital currency. Ethereum is up over 13,000 percent in the last year.
Ethereum is the world's second-largest cryptocurrency by market capitalization behind bitcoin, with a value of $131.5 billion, CoinDesk data shows
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