The second largest cryptocurrency by market capitalization extends a rally that has seen its price gain over 450% in 2021
United States, May 10, 2021 /AlexaBlockchain/ – Ether, the digital coin linked to the Ethereum blockchain, hit an all-time high of $4,067.85 on Monday just a week after breaking through the $3,000 level
- The second largest cryptocurrency by market capitalization extends a rally that has seen its price gain over 450% in 2021.
- ETH was trading at $4,049.72 as of press time. Ethereum’s market capitalization now sits at over $469 billion, according to data from CoinMarketCap.
- Interest in cryptocurrencies has surged over the past year with bitcoin continuously pushing new record highs.
- Ether’s rise has been attributed to a growing number of developers building DeFi applications on the Ethereum platform as well as growing institutional interest.