Will cryptos take over the American dollar

Ethereum cryptocurrency hits $ 3,000

René Resch

The second largest cryptocurrency breaks a new record. Ether is worth more than $ 3,000 for the first time, experts see room for improvement.

EnlargeEthereum cryptocurrency hits $ 3,000

The second largest cryptocurrency on the market, Ethereum topped the $ 3,000 mark for the first time. This year alone, ether rose by around 300 percent, for comparison: Bitcoin only rose by around 95 percent in the same time.

The news that the European Investment Bank (EIB) announced that it would be issuing a two-year 100 million euro bond on the Ethereum blockchain gave the cryptocurrency a major boost. The EIB believes that the digitization of capital markets can bring benefits to market participants in the years to come.

"Innovation at the EIB goes beyond the projects we support. As a global leader in the green and sustainable bond market, the EIB is clearly in a good position to lead the way in digital bond issuance on the blockchain . These digital bonds will help provide the bank with faster and more efficient access to alternative sources of funding to boost funding for projects around the world, " says EIB Vice-President Mourinho Félix.

Experts: $ 10,000 by the end of the year

The value of Ether then rose by around 500 euros and has been on the hunt for records ever since. The new NFTs are also lucrative and gave the cryptocurrency a boost. Experts now assume that Ether could break the $ 10,000 mark by the end of the year.

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