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Crypto’s leading intelligent contract platform, Ethereum, hit a new all-time high at $ 2,500.
Ethereum sets a new record
Ethereum has just topped $ 2,500 for the first time in its history.
Second-rate crypto has seen a parabolic run in recent months fueled by growing interest in the digital currency area.
Ethereum has done particularly well in the past few days; it’s up over 25% in the past week.
Various other assets have skyrocketed in tight market conditions. DeFi staples like Aave, Uniswap, and Synthetix have all gone up in price today. Binance Coin, Ripple and Cardano also hit new highs during the week. The biggest winner, however, was Dogecoin, which trades at $ 0.18 after rising 200% this week.
Aside from the ongoing bull run, Ethereum has seen various notable developments that have contributed to its surge this year. This morning, the blockchain successfully completed its Berlin fork (although there was a brief setback shortly after the event that included a consensus error on block 12.244.294). Ethereum’s next big upgrade is coming this summer when the long-awaited EIP-1559 “ETH buyback” proposal is shipped as part of its London fork. After that, the step towards proof-of-stake is expected to follow this year.
At $ 2,500, Ethereum’s market cap is now over $ 288 billion. That’s more than Intel, Toyota, and Netflix.
Disclosure: At the time of writing, the author held that role at ETH, AAVE, and SNX. They were also exposed in a UNI cryptocurrency index.
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