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Thursday

13 May 2021

Ethereum Hits New All-Time High of Nearly $2,800 | Live Bitcoin News

Ethereum Hits New All-Time High of Nearly $2,800 | Live Bitcoin News


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As crypto traders, we have all been so caught up in the bitcoin hype as of late that it appears we have forgotten about Ethereum and a lot of the world’s smaller altcoins, but the fact is that these assets should not be forgotten.

Ethereum appears to have struck new territory following an announcement from the European Investment Bank.

We have been shut inside and have not had any news to talk about.

It is the most popular network for building new cryptocurrencies and decentralized applications (dapps), though this has come with something of a downside and led to scalability issues according to co-founder Vitalik Buterin, who has since initiated the release of Ethereum 2.0 to solve some of the problems that have been hitting the network over the past few years.

While they may now have some exposure to bitcoin, institutions are now diversifying their exposure and Ethereum is the natural next pick, and that leaves the second biggest crypto asset by market cap well placed to benefit further.

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