Ethereum price shoots past $3,000 for the first time

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Bitcoin and Dogecoin both hit new all-time highs in April, but May appears to be Ethereum’s month. The cryptocurrency, second biggest in the world and the most widely used, hit $3,000 for the first time on Sunday. As is customary with headline-grabbing cryptocurrencies, it’s been a meteoric rise for Ethereum over the last year. It’s price on this day one year ago? Just over $207.

The cryptocurrency now has a marketcap of just under $350 billion. It’s been growing rapidly over the past year, mostly over anticipation for its relaunch as Ether 2.0, but this latest rally is tied to news last week that the European Investment Bank issued $120 million (€100 million) in bonds using Ethereum blockchain.

More to come…