Second largest cryptocurrency Ethereum breaks new record thanks to EIB

According to Reuters, the main altcoin and the second largest cryptocurrency in the world by capitalization, ETH, has reached a record price point of $ 2,713.

Danny Kim, the head of the income department of crypto broker SFOX, explained that the price increase was influenced by reports, stating that the European Investment Bank plans to issue two-year digital bonds worth 100 million euros. The price increase was also influenced by the decrease in the volume of Ethereum in the market.

According to Danny Kim, the amount of Ether on the exchanges was the lowest last year and continues to decline. The likelihood of a major sale is reduced with less availability on the exchange.

Judging by the events of recent weeks, the demand for Ethereum is growing, since investors use it to buy assets in the form of non-fungible tokens (NFT). Ethereum last set the record on April 3 ($ 2148). This was facilitated by the launch of cryptocurrency transactions using the Ethereum blockchain in the Visa payment system.

Regulation and sanctions of NFT tokens

NFT tokens are rapidly on the rise in popularity. several renowned individuals issue their NFT. Among them are former US President Donald Trump, whose tweets were put up for sale as NFT, mixed martial arts fighter Khabib Nurmagomedov opened pre-orders for his tokens, and singer Grimes sold her digital artworks for $ 6 million. The more interested the audience becomes, the more questions to the legal aspects and to the safety of both sellers and buyers of NFTs.

Lidia Ossinger All articles this author

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