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Price of Ethereum rockets past $4206 for the first time amid NFT craze – NEWS.com.au

Price of Ethereum rockets past $4206 for the first time amid NFT craze

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The price of Ethereum has rocketed past (AU) $4206 for the first time as momentum for the cryptocurrency grows. Often seen as the “little brother” of the more famous bitcoin, the NFT craze has put Ethereum back on the map.
It is now worth more than Disney, PayPal and Nestle.
In recent months, US markets have seen an explosion in the trading of NFTs, or nonfungible tokens.
An NFT is a unit of data stored on a digital ledger, called a blockchain. And Ethereum is the cryptocurrency of choice for the…

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