The world’s second-biggest cryptocurrency, ether, soared to $3,000 level for the first time, taking its gains to over 300% for the year. The Ethereum blockchain-based market capitalization is now valued at over $350 billion.
In one of the major developments, European Investment Bank had recently announced its first-ever digital bond on the ethereum blockchain.
As of the time of writing, the digital currency was trading over 11% higher at around $3,200 after moving in a wide range of $2,868.89-3,200.04 over the past 24 hours.
In the space of one year, it quadrupled in value, just last week, it was valued at $2,500.
Analysts suggest that the coin could go as high as $5,000 by the end of the week.
According to Vikram Rangala, chief operating officer of ZebPay, a cryptocurrency exchange, “Ethereum has recently rolled out a series of upgrades such as sharing, staking, burning, and measures to lower transaction costs. these developments are boosting confidence that Ethereum is a powerful technology that is only getting more powerful,”
