Ethereum, the world’s second-largest cryptocurrency by market capitalization, topped $ 3,000 for the first time on Sunday. As of Sunday night, ethereum ETHUSD, + 2.87% was at an all-time high of $ 3,035. Just a year ago, it was trading for around $ 208, an increase of 1,359%, according to data from Kraken. This year alone, ethereum is up 310%. Its price has risen 25% in the last seven days, and the digital asset now has a market capitalization of approximately $ 350 billion, according to CoinMarketCap.com.
Ethereum’s meteoric rise has even surpassed that of bitcoin BTCUSD, + 1.92%, which has soared 551% more over the past year, and has risen 100% in 2021, most recently around $ 58,000. Its recent rally comes after the European Investment Bank announced last week that it had issued 100 million euros in two-year notes, using the ethereum blockchain for the first time.