Ethereum is consolidated as the second largest cryptocurrency in the world, only behind bitcoin.
Green season for cryptocurrencies . After bitcoin surpassed its all-time high in October, now it is Ethereum who manages to break this point.
Ethereum (ETH) is at its all-time high (ATH), surpassing $ 4,500 this Tuesday, growing as much as $ 165 from the last 24 hours, according to CoinMarketCap.
There are two reasons behind its growth. The first is that the global calculation of mining, hash rate , of E thereum is growing every day, reaching the highest hash rate of all time. This has in turn coincided with news that supply is on its way to taper after the network’s long-awaited Ethereum 2.0 update .
The second reason is the burgeoning NFT market , which runs predominantly on the Ethereum network . In recent months, domestic brands like Budweiser and Visa have embraced NFTs, along with some of the world’s biggest sports stars and franchises, such as Tom Brady, Rob Gronkowski, and Spain’s top soccer league, LaLiga.
Growth of currencies
Apparently, these months will be beneficial for all the top coins on the market.
Those who are also growing are Solana (SOL ) which is also growing thanks to the market for decentralized finance and NFTs. In these hours, it reached its peak of $ 217 per unit.
Shiba Inu (SHIB) continues to grow and, although with a setback in the last hours, it is in a green zone. Of course, it has risen strongly and could fall again by that magnitude.