Move over, bitcoin. Ether is back and nipping at your heels
CNN
Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.
Ethereum, or ether for short, is also trading at record levels. It's now hovering around $4,850, having soared more than 560% this year, compared to the "mere" 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.
Experts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as solana, another crypto that has blockchain technology used in DeFi applications.
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