Ethereum, the phrase’s second-largest cryptocurrency by market cap, topped $3,000 for the primary time Sunday.
As of Sunday evening, ethereum
was at an all-time excessive of $3,035. Only a yr in the past, it traded for about $208 — a rise of 1,359%, based on information from Kraken. This yr alone, ethereum is up 310%. Its worth has surged 25% previously seven days, and the digital asset now has a market cap of about $350 billion, based on CoinMarketCap.com.
Ethereum’s meteoric rise has outpaced that of even bitcoin
which has shot 551% greater over the previous yr, and is up 100% in 2021 — most just lately round $58,000.
Its latest rally comes after the European Funding Financial institution final week introduced that it had issued 100 million euros in two-year notes, using the ethereum blockchain for the first time.