On November 10, Ethereum, a second largest cryptocurrency, reached a value of $3,200, which made its total worth around $383 billion. This is more than the worth of Bank of America, one of the largest banks. Many people are choosing cryptocurrencies like Ethereum instead of regular banks, which is why Ethereum’s value is rising. Bitcoin, the biggest cryptocurrency, also went up and is now worth over $80,000
Ethereum’s growth is helped by people wanting new ways to invest without banks. The U.S. government is also thinking about creating funds linked to Ethereum, making it easier for people to invest. Vitalik Buterin, who helped create Ethereum, introduced a new idea called “info finance,” where people could make predictions about future events without needing media. This rise in digital currencies shows how money might be changing in the future.
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