Ethereum prices skyrocketed to a new all-time high on Wednesday on the back of positive news from the European Investment Bank.
Ethereum has climbed to $2,709 during early Asian trading on Wednesday, April 28, marking a new peak price for the asset according to Coingecko.
The crypto metrics provider reports a gain of 7% over the past 24 hours, and 15.7% over the past seven days for the world’s second-largest digital asset by market capitalization. The move has pushed the ETH market cap to a record $312 billion.
While there are a range of factors propelling the Ether price, Reuters today attributed it to the news the European Investment Bank’s readying to launch a “digital bond” sale using the Ethereum network.
The EIB plans to issue a two-year 100 million Euro ($US120.8 million) digital bond set to be priced on Tuesday, with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale, according to analysts at Bloomberg.
On April 23, Societe