Schedule Ethereum prices at intervals of 1 week
For the first time in history, the price of Ethereum exceeded $ 3000, although a week ago this cryptocurrency was worth slightly more than $ 2000. Since the beginning of the year, Ethereum has risen in price by about four times.
Thanks to these events, the capitalization of Ethereum reached $ 350 billion, which exceeds the capitalization of companies such as Bank of America, Disney, Nestle and Procter & Gamble (Coinmarketcap data – approx. ProFinance.ru).
In addition, the capitalization of this cryptocurrency exceeded the market capitalization. platinum, which is about $ 300 billion.
The rise in the price of Ethereum is driven by several factors, explains CoinTelegraph.
First, there is growing activity on the Ethereum blockchain, including from institutional investors. Last week, the European Investment Bank announced a $ 121 million two-year digital bond offering.
Secondly, the popularity of so-called decentralized finance (DeFi) is growing rapidly.
The head of the analytical department of Fundstrat Global Advisors, Thomas Lee, will keep the target for Ethereum at $ 10,500 and does not exclude the possibility of growth to $ 35,000.
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