Ethereum surpasses Bank of America while ETH reaches $ 3,000

Ethereum has taken its place for most of the past week. The coin reached its all-time high of $ 3,000. Ethereum's ETH, the second largest cryptocurrency by market cap, recently hit an all-time high of $ 3,000. At the time of writing, the value of ETH is above $. According to CoinMarketCap. The 3050. Token is also doing well on major exchanges such as Coinbase, Binance, and Bybit. The new price of Ethereum with higher value than big companies pushed it to a higher value than Walt Disney and Bank of America. The market value is currently over $ 357 billion. This is a 24% growth over the past week, according to CoinMarketCap statistics. The currency's main competitor, Bitcoin, is not as successful as Ethereum, but still maintains its dominance in the market. The cryptocurrency currently has a market cap of about $ 1.07 trillion, which is slightly lower than the value of silver, which is around $ 1.41 billion. Bitcoin's value is higher than Facebook. The rising value of Ethereum also indicates that the value of the token may exceed Bitcoin's value. This will increase the value of Ethereum to become the world's leading cryptocurrency. Factors Contributing to the Rise of Ethereum Several factors are attributed to Ethereum's appreciation. There has been an increase in activity on the Ethereum blockchain, especially from institutional investors. The European Investment Bank announced last week that it will issue a two-year digital bond worth $ 121 million. The bond will be issued jointly with Goldman Sachs. DeFi protocols in Ethereum also saw an increase in retail shares. As a result, the total locked-in value now exceeds $ 100 billion. One of the factors driving interest in Ethereum is the highly anticipated launch of ETH 2.0, a Layer 2 solution built to address important issues in Ethereum's mainnet. ETH 2.0 expected

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