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- May 4 2021 - 2:49pm

Ethereum Accelerates to USD 3000, records a new all-time high


Ethereum price has recorded a new all-time high (ATH) of over $3,000 on Sunday, 2 May. Interestingly, this represents the first time in history that an Altcoin has broken past the $3000 price mark.


At the time of writing, Ethereum’s price is $3,057.74 with a 24-hour trading volume of $38,357,012,667, according to CoinGecko data. Not limited to this alone, the substantial ETH price spike has increased its market capitalization to over $353,594,065,408.


Of note, ETH has firmly maintained its buoyant trend so far, even amid the crypto price fluctuations since 2021 began. Moreover, Ethereum’s current $3K price retains its position as the second-largest crypto after the flagship currency Bitcoin (BTC).


Based on a report, the crypto community believes that Ethereum is arguably exploding into the mainstream due to the increasing popularity of decentralized finance (DeFi) and NFTs. This is due to both DeFi and NFTs heavily depending on the Ethereum network.