At the time of writing, Ethereum can be purchased for $3,182. Over the past day, the coin has grown by more than 10%.
Investors note that the growth is due to the activity in the NFT (non-fungible token) market. In addition, the European Investment Bank (EIB) has issued the first-ever $120 million digital bond using the public blockchain.
The launch of exchange-traded funds in Canada, as well as the growing demand for wallets for token transactions, have also raised the price of the cryptocurrency.
Ethereum has established itself as an efficient digital currency among traders. For example, when selling NFT, non-fungible tokens, most platforms use Ethereum.
Investors are also seeing increased interest in Ethereum and Bitcoin. The end of 2020 prompted many companies to use them as an official means of payment. Coinbase’s IPO is also one of the reasons for their increasing popularity.
Meanwhile, several countries, such as China and the UK, have expressed interest in creating their digital currency. The authorities noted that cryptocurrency is considered an “investment alternative.”