Ethereum, or ether for short, reached a new record high Saturday of just over $ 2,900. Ether prices have almost quadrupled in 2021 to 290%. This year, bitcoin had a great performance, doubling in value.
The total value of all Ethereum in circulation is now about $ 333 billion, according to CoinMarketCap. Bitcoins ( the market value is nearly $ 1.1 trillion. )
This year, bitcoin jumped in part due to increased acceptance by corporate America. On musk Tesla ( and a software company )MicroStrategy ( have bought bitcoin to keep their balance. Digital payment giants )Square ( and )PayPal ( allow users to buy, sell and hold crypto. )
But Ethereum is enjoying an even bigger leap than bitcoins, as it is the cryptocurrency chosen to buy many indispensable tokens or NFTs that have taken over art and the wider collector̵7;s world.
A piece of NFT by digital artist Beeple sold for nearly $ 70 million at Christie’s auction earlier this year. The baseball card trading company Topps entered the NFT game by selling virtual cards and is now going public by merging with a blank check company or SPAC.
NFT often offers fans of an artist, celebrity or athlete unique video and other digital content. Super Bowl champion Tom Brady already has his own NFT company.
Both players selected in the NFL Draft this week, Heisman Trophy winner DeVonta Smith and defender Kwity Paye, also released NFT. Part of Smith’s NFT sales will go to charity, he said. Paye said all of his NFT sales go to a nonprofit.