Saturday, December 4, 2021

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Ethereum cryptocurrency finally surpasses $4,000 mark

One Ether token on Sunday night hit $4,000 for the first time, indicating a rise of over 2,100% in one year.

Sunday’s milestone comes just a week since the ethereum cryptocurrency hit $3,000 for the first time.

The Ethereum blockchain was founded in 2013 by Canadian-Russian programmer Vitalik Buterin when he was just 19 years old.

Buterin has over 333,000 Ether tokens, which at the current price values his holdings at over $1.36 billion.

The cryptocurrency now has a marketcap of over $460 billion, and has been growing rapidly over the past year, mostly over anticipation for its relaunch as Ether 2.0.

This latest rally, however, is tied to news last week that the European Investment Bank issued $120 million (€100 million) in bonds using Ethereum blockchain.

Coins like Bitcoin and Ethereum have grown substantially since the end of 2020 for many reasons, including big tech’s increasing use of cryptocurrency.

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