Finance

ETH price hits new record at $3,000+

Monday, 03 May 2021 20:59
ETH price hits new record at $3,000+

(Ecofin Agency) - The price of the second-largest cryptocurrency is gaining more weight with the announcement of plans to use its blockchain by major international institutions. The rally started by ETH in the last few days does not seem to be stopping anytime soon.

Ether, which is the cryptocurrency based on the Ethereum blockchain, exceeded $3,000 today May 3. This is a new record at $3,056, an increase of more than 300% since January 1, 2021. This performance is also three times higher than that of Bitcoin (BTC) over the same period.

The rise comes amid news last week that the European Investment Bank (EIB) will use the Ethereum blockchain to issue €100 million worth of 2-year "digital" bonds. This institutional use case has pushed up the price of ETH, which was already trading at $2,716 on Wednesday, April 28.

In addition, Ethereum wants to launch its long-awaited upgrade to Ether 2.0, which would fix the major flaws of the current version to make it more efficient and faster. Other factors also include the fact that it serves as a platform for other applications that are gaining popularity in the cryptocurrency industry, namely DeFi and NFTs.

The market capitalization of ETH has exceeded $350 billion for the first time; this puts the cryptocurrency ahead of the shares of large companies such as Bank of America, Walt Disney, or Nestle. The largest cryptocurrency remains the BTC whose price is hovering around $58,000, this Monday morning.

Louis-Nino Kansoun



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.