Ether, the cryptocurrency a part of the Ethereum blockchain network, has reached record numbers on Tuesday with a price of $3,456.57, according to a report by CNBC.
Ethereum is currently right behind Bitcoin, with a market capitalization of $405 billion, according to real time data tracked by CoinMarketCap (Note: market capitalization is constantly changing). It experienced a 37.74% surge within the past seven days.
Dogecoin has also recently experienced a big price jump, spiking more than 100 percent last month. One Dogecoin is currently worth $0.53.
Binance CEO Changpeng Zhao says institutional investors and corporations purchasing cryptocurrencies and non-fungible tokens (NFTs) could be causing the Ether price to surge, according to a report by Fortune. An NFT is a unique crypto-asset that can be used to authenticate ownership of digital assets like artwork, Tweets, memes and music.
You can purchase Ether on Coinbase. Once you sign up for Coinbase, you’ll also receive $5 worth of Bitcoin for free once you verify your ID.
Here are some other options to get you started:
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
