Etherium, the second-largest cryptocurrency by market capitalization, reached an all time record price breaking the $3000 barrier Monday.

The token, transacted on the ethereum blockchain, rose as high as $3,188 in the UK morning trading session.

Ether is trading at $3120 while writing this report, with a gain of 6.63 percent over the last 24 hours.

Its current market capitalization is $360 billion and global trade volume is $35 billion, according to Coinmarketcap.

Ethereum started an upward trend last week boosted by a report that the European Investment Bank (EIB) plans to issue a two-year 100-million-euro digital bond on the Ethereum blockchain network.

The dream run started on April 26, and the second most popular cryptocurrency added its weight by around $1000, or nearly 50 percent.

A section of investors tout Ether as one of the key players in a decentralized financial system in the future.

Meanwhile, the most popular virtual currency Bitcoin hovered around $58,000 on Monday, showing signs of approaching the next level of resistance of $60,000.

The leading cryptocurrency is trading at $57782 as of this writing, with a gain of 1.34 percent over the last 24 hours. BTC improved by more than $4000 within a week.

Its current market capitalization is $1.079 trillion, according to Coinmarketcap.

For comments and feedback contact:

Business News

Source link