Ethereum Surges as Institutional Interest and NFT Adoption Booms
The price of Ethereum (ETH) continues to break new record highs thanks to the growing interest by institutional investors and the recent non-fungible token (NFT) boom. The second-largest cryptocurrency recorded a new all-time high yesterday at $3,530, as momentum remains unabated.
At press time, Ethereum now has a market valuation higher than that of Disney, PayPal, and Nestle.
The recent ETH boom has also made its 27-year-old Russian-Canadian founder, Vitalik Buterin, a billionaire. According to a CNN report, the programmer holds about 333,500 Ether in his public wallet, giving him a total net worth of $1.2 billion (based on the current ETH price).
Over the months, NFTs have become immensely popular in the US, especially in the art sector. NFTs are digital assets containing personalized...
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