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April 28, 2021 10:02
| Update:
April 28, 2021, 10:02 am
In the past twenty-four hours, the cost of ETH has risen by 7%, surpassing brothers like brothers.
After the positive news from the EU Investment Bank, the cost of Ethereum soared to a new unparalleled high on Wednesday.
Ethereum climbed to $2,709 in early Asian mercantilism on April 28 (Wednesday), marking a new high in the value of Coingecko.
Encryption metrics providers report that revenue in the past 24 hours has increased by 7%, while the world’s second largest digital plus company’s revenue in the past 7 days is 15.7% of the past 7 days. This move pushed the market value of Ethereum to a record $312 billion.
Although various things have promoted the increase in the value of Ethereum, Reuters recently attributed it to the news that the EU investment bank is launching the sale of “digital bonds” that were victimized by the Ethereum network.
EIB is issuing a two-year digital bond of 100 million currency units (US$120.8 million). Anarchist Sachs, Banco Santander, and Societe Generale will trade with Diode in parallel with Bloomberg analysts.
On April 23, Societe Generale announced that its subsidiary Societe Generale had issued 100 million currency unit bonds as a security token on the Ethereum general public blockchain. It has definitely been awarded the highest A rating by Moody’s and wild mammals.
Danny Kim, the head of revenue at cryptocurrency broker SFOX, told Reuters that the news undisputedly proved the optimistic institutional use case of Ethereum, adding that foreign exchange balances are also declining, thereby increasing the bull market. :
“The number of Ethereum on the exchange has continued to decline and has been at the bottom in the past year. Because of the reduced trading volume, there are fewer opportunities for serious sell-offs.”
As Cointelegraph reports, the resurgence of DeFi connection protocols and tokens, not to mention the drop in natural gas costs, may even be driving momentum. At the time of writing, the total amount of transactions with Bitinfocharts on the Internet has fallen to $10.73.
At the same time, the popular cryptocurrency analyst “Altcoin Sherpa” predicts that ETH will still crush BTC in the next few weeks with a target price of $3,000.
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