Ethereum is back and nipping at bitcoin’s heels

Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560% this year, compared to the “mere” 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.

Experts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as…


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