Ethereum, or ether for short, hit a new record high of above $4,100 Monday morning.
Ether is the world’s second most valuable cryptocurrency, trailing only bitcoin (XBT).
It has soared 465% so far this year — and more than 30% in just the past week — thanks in large part to the fact that it’s the currency of choice behind popular non-fungible token (NFT) transactions that have taken the art and sports collectible worlds by storm.
Ether is quickly catching up to bitcoin in market value too. All of the ethereum currently in circulation are worth about $480 billion, while bitcoin’s market…
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