Ethereum (ETH) Climbs To New High Above $3,700

By Amit Chowdhry ● May 8, 2021
  • Ethereum has climbed to a new high of over $3,700 today. These are the details.

Ethereum has climbed to a new high of over $3,700 today, which comes shortly after hitting a record price of over $3,500 on Tuesday and $3,000 on Sunday. Based on this price, the market cap of Ethereum is now at over $433 billion.

Here is how Ether performed over several time periods:

1 Week: Over 30%

1 Month: Over 80%

3 Month: Over 130% 

1 Year: Over 1,600%

5 Year: Over 37,000%

The Ethereum network has also seen an uptick in activity over the last few months due to the popularity of non-fungible tokens (NFTs). NFTs are known as unique digital assets representing art, music, videos, and other collectibles. Most NFTs are ERC-721 tokens that are built on the Ethereum blockchain, according to Decrypt.

The Ethereum network also started to transition toward Ethereum 2.0, which is will be more scalable, secure, and sustainable.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.