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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
What's Driving Ether's Ascent to New Record Highs?
Ether's momentum is showing no sign of stopping. The cryptocurrency broke past the $3K barrier for the first time, reaching a new all-time high of $3.2K. "The Hash" panel weighs in on what's driving ether's booming price and what it indicates about where the crypto industry is headed.
Ether Breaks New Records; South Korea Split on Crypto Tax
Ether is making history with new all-time highs in prices as gas fees plunge following the latest network upgrade. Analysts say the market sentiment has improved after the European Investment Bank’s bond issuance on the Ethereum and backing from various CBDC initiatives.
Ether Breaks Through $3K Barrier, Reaching New All-Time High
Ether reached another milestone, passing $3K for the first time. Despite challenges with gas fees and naysayers like Kevin O'Leary calling it "second" to bitcoin, the crypto markets are bullish on ETH. Martin Gasper of CrossTower weighs in on what's behind Ether's boom and what investors can expect in the near term. Plus, is the "Flippening" approaching?
Mogo Bought $405,880 of Ether, Plans to Allocate Up to 5% of Cash Into Crypto
The publicly traded fintech firm paid an average price of $2,780 for the digital currency.
Ether's Price Rally Above $3.2K Appears Spot-Driven, Boding Well for Further Gains
"Ether's spot-driven rally is primarily due to excitement around the impending EIP 1559 upgrade," one market expert said.
Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap
Ether's milestone comes with surging trader interest in the leading smart-contracts blockchain.
Market Wrap: Bitcoin Hits $57K After $4.2B Options Expirations; Ether Steadies at $2.7K
The last time bitcoin traded at this level was almost two weeks ago, on April 17.
Ether Could Hit $10K, FundStrat Says, Touting Network Value Versus Bitcoin's
"The crypto narrative is shifting from bitcoin to ethereum," wrote FundStrat, which placed a $10K price target on ETH for this year.
Market Wrap: Bitcoin Near $53K After Major Drop as Ether Tops $2,800 for First Time
Bitcoin’s dominance is less than half of the crypto market as assets like ether and binance coin captivate traders.
