Even when Bitcoin, the leading cryptocurrency in the market cap, falls sharply, Ethereum, the second largest market cap, is running silently, maintaining a weak balance. In particular, Ethereum hit an all-time high on the 28th.
Ethereum hit an all-time high with the news that the European Investment Bank (EIB) is using the Ethereum network to issue’digital bonds’.
EIB decided to issue bonds with a maturity of 100 million euros in two years in digital form. Organizers are Goldman Sachs and Societe General.
As of 1 p.m. on the 28th, as of the news, Ethereum is recording $2696, up 7.46% from 24 hours ago on CoinMarketCap, a global cryptocurrency broadcasting site. This is an all-time high.
The previous high was $2623, which was recorded on the 23rd. As a result, Ethereum’s market cap is $311.6 billion.
At the same time, Bitcoin is only $55,589, up 3.51% from 24 hours ago.
In recent years, Ethereum has maintained a weak level despite the sharp decline in cryptocurrencies such as Bitcoin and Dogecoin. In the last week, Bitcoin fell 0.1%, while Ethereum surged 17.29%. Even when Bitcoin plummeted, Ethereum didn’t fall significantly.
Bitcoin, the number one cryptocurrency in the market cap, is receiving a brilliant light. On the other hand, Ethereum is less well known for Bitcoin’s reputation, but it is growing quietly and steadily.
Ethereum is a cloud computing platform or programming language based on blockchain technology. It was developed in 2015 by Vitalik Buterin from Russia.
Based on the fact that Buterin can record additional information such as contracts as well as currency transaction records on the blockchain, which is a core technology used in cryptocurrency, it constructs a distributed network using computing resources possessed by numerous users around the world. Using this platform, he created a system that records various information such as SNS, e-mail, and electronic voting.
Meanwhile, at the same time, on Upbit, a trading site in Korea, Ethereum is trading at 3171,000 won, up 1% from 24 hours ago.
