• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 17, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Ethereum

Ethereum steals market thunder, crosses $3000 mark

by Meenal Sharma
May 3, 2021
in Ethereum
Reading Time: 1 min read
0
Ethereum steals market thunder, crosses $3000 mark

Image credits: Forbes.com

TwitterWhatsappLinkedin

Ethereum, one of the best performing cryptocurrencies has surpassed the critical $3000 mark as it valued at $3021.67 and continues to increase currently valued at $3180.27. The cryptocurrency has outperformed all expectations and analysis. The current market cap of the currency is $349.4 billion.

You might also like

MetaMask Token on the Horizon? ConsenSys Charts Strategic Token Launch Path

BlackRock’s $24.9M Ethereum Investment: A Revolution in Institutional Crypto Adoption

42% of U.S. Millennials Now Shop with Cryptocurrency, Study Finds

The currency rose 2% to hit the mark. Currently, the currency has outperformed every other digital currency in terms of rate of increase and stability. Despite, the loss in value in the previous month, the currency rallied up to make up for the losses and gain more market valuation.

It is not only the second-largest cryptocurrency but also has a market valuation more than of companies like PayPal, Disney and is currently floating around the market cap of Bank of America. This is an absolute achievement for digital currency.

The rise in price can be attributed to a number of factors out of which the experts say most important is the increasing popularity of Decentralized Finance (DeFi) and Non-Fungible Token (NFT’s). NFT’s and DeFi are highly dependent on the Ethereum blockchain. NFT’s are a rage these days and are selling for millions such as an artwork auctioned by Christie’s of Beeple fetched a heavy amount of $69 million. NFT’s are secured by the Ethereum blockchain to ensure security.

Investors have been celebrating the rise in the price of Ethereum-

me when $ETH finally breaks $3,000 pic.twitter.com/baBkYa2htX

— LilMoonLambo (@LilMoonLambo) May 2, 2021

Further increase in the price of Ethereum is expected by market experts and analysts as the blockchain is proving useful in work regarding the development of projects. The stability and consistency in its performance have inspired hope in the crypto market.

 

Tags: bitcoincryptocurrencyDecentralized financeDeFiDigital CurrencyEthereumEthereum blockchainNFT
Tweet54SendShare15
Previous Post

Locate the nearest vaccination centres via WhatsApp

Next Post

Crypto is still in its early stages says T. Rowe Price’s head

Meenal Sharma

Meenal Sharma is a Journalism and mass communication student. She is a deadline-oriented journalist with a passion for telling unique stories. She understands the impact of words and strives to deliver factual recollection of events. Meenal is currently working as an intern at Techstory and can be reached at [email protected] For Editorial/article enquiries on Techstory please reach us at [email protected]

Recommended For You

MetaMask Token on the Horizon? ConsenSys Charts Strategic Token Launch Path

by Anindya Paul
June 15, 2025
0
MetaMask

Introduction After years of anticipation, MetaMask users may finally have cause for optimism. The Ethereum wallet, long the go-to gateway for decentralized applications, hasn't offered any token incentives....

Read more

BlackRock’s $24.9M Ethereum Investment: A Revolution in Institutional Crypto Adoption

by Anindya Paul
May 23, 2025
0
BlackRock's

BlackRock, the world's largest asset manager, reportedly purchased $24.9 million worth of Ethereum (ETH) in a daring move that reflects the growing institutional interest in cryptocurrencies. With its...

Read more

42% of U.S. Millennials Now Shop with Cryptocurrency, Study Finds

by Thomas Babychan
April 30, 2025
0
crypto

A new study has brought attention to a growing shift in consumer behavior among millennials in the United States. According to research conducted by PYMNTS and further supported...

Read more
Next Post
Bitcoin crosses $40,000: Is it going to the moon?

Crypto is still in its early stages says T. Rowe Price's head

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?