Ether Prices Climb To Latest Record As Bullish Factors Drive Gains

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Ether prices attained a fresh, all-time high today, rallying as they benefited from a wide range of factors. The digital currency, which is the second-largest by market capitalization after bitcoin, reached $3, 300. 73 around 1:15 p.

m. EDT, according to CoinDesk data. At this point, ether prices had climbed more than 300% in 2021, additional CoinDesk figures reveal. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] The digital asset has been generating substantial visibility lately, and several analysts spoke to its recent gains. “Ether’s recent rise is one for the history books,” said Nick Mancini, research analyst at crypto sentiment data provider Trade The Chain. “The price hike is driven by a combination of factors focused around the growing DeFi ecosystem, the upcoming London fork, and increased market sentiment due to a combination of the first two factors,” he more...