The Second-Largest Crypto in the World Is Up 65% Over the Past Month. Here Are 5 Catalysts Behind the Surge.
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Ethereum ETFs had inflows of $3.5 billion over a 12-day period, a sign of more institutional investment.
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10 publicly traded companies now hold Ethereum in their company treasuries.
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Ethereum has the most activity on its blockchain and is a hub for stablecoins.
Fortunes change quickly in the crypto market. Case in point: Ethereum (CRYPTO: ETH) has gone from a down year to one of the hottest cryptocurrencies in a matter of weeks. It’s up 65% over the last month at the time of this writing (July 22), far outpacing market leader Bitcoin (CRYPTO: BTC).
Here’s a look at the catalysts that have led to massive gains for Ethereum — and why it could continue to go even higher.
