Ether, the innate cryptocurrency of the Ethereum blockchain, persists in its current sweltering run, setting a new highest price of over $3,900 amid rumours the network’s value might skyrocket. More and more investors awake to the unscaled prospects of decentralized finance referred to as DeFi.
The latest all-time high price of $3,900.88 came just a few days after the cryptocurrency came across the $3,000 mark for the first time. Ethereum is now up 9.62% for the last 24 hours.
The price rate of the second-biggest crypto by market cap has more than quadrupled in just 2021 alone, outpacing Bitcoin, the leading cryptocurrency, which has so far doubled in value.
Ether now holds a total market capitalization of $445.9 billion, exceeding the overall value of companies like Johnson & Johnson, as well as that of Walmart and many other international corporations.
The latest price surge comes amid indications of growing inquisitiveness in Ethereum by Wall Street firms and other big institutional investors as well.
In late April, the analytical firm FundStrat forecasted that Ether could swell to $10,000 this year, powered by excitement over DeFi’s growth and innovations in financial apps.
We remind that in an interview from a few weeks ago the crypto enthusiast and entrepreneur Raoul Pal suggested that investments in ETH at the current moment represent the most potentially profitable investments on the cryptocurrency market.
