The second biggest cryptocurrency sets another all-time high today, pushing its market capitalization to over $432 billion.
Ethereum, the second most popular digital currency launched on the platform that is “father” of all other crypto platforms and DeFi apps, has printed the second all-time high today.
The coin’s market capitalization value now equals $432,665,669,740.
One of the possible reasons for the rise is that on Friday, major asset management company VanEck filed for an Ethereum ETF. On Thursday, the European branch of the company filed to open the first ETF in Europe that tracks the performance of cryptocurrency companies, including crypto exchanges, hedge funds, etc.
Another likely trigger for ETH to continue rallying is the fact that the amount of ETH locked in the Ethereum 2.0 deposit contract for staking has hit a new historic peak of $16,115,682,176.41, according to Glassnode.