Ethereum (ETH) hit a new all-time high (ATH) on Tuesday. Ether, the native token on the Ethereum blockchain, hit a new record at $3,456.57. In this way, ETH continues its rally that has lasted for weeks. At the beginning of the month, the price was under $2,000. Not only ETH investors should enjoy the new high, but the founder Vitalik Buterin (27) can also expect a great fortune. A look at his public ETH address reveals that Buterin is a billionaire after the recent price increases.
Ethereum Reaches New ATH
The second-largest cryptocurrency by market cap hit a new record high on Tuesday at just over $3,400. Moreover, ETH even outperformed the leading cryptocurrency Bitcoin (BTC) and was able to grow by more than 50 percent last month. At the beginning of 2021, the ETH rate was around $700. ETH price no longer fell below the level of a previous record high of January 2018. The following weeks were characterized by new record highs.
Above all, DeFi hype and many projects on the Ethereum platform gave the cryptocurrency a boost. Being the largest and most successful platform for many projects, Ethereum benefits from practically every hype in the crypto world, whether DeFi or NFTs.
At the time of the new all-time high, Ethereum had a market cap of over $380 billion. The market dominance was over 16.5%. This puts Ethereum in second place among the largest cryptocurrencies by market cap. An analysis company Fundstrat also assumes that ETH could reach a price of over $10,000 this year.
Ethereum Makes Vitalik Buterin a Billionaire
While many investors are happy about the recent price increases, Ethereum is making its co-founder Vitalik Buterin a billionaire. While a story about the Winkelvoss twins caused a sensation in the past, Buterin is the newest and youngest known crypto billionaire. This fact is confirmed by Buterin’s public ETH address.
An ETH address 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B with a name tag ‘Vb’ belongs to Buterin and has 333,520 ETHs. After the price increases of the last few days, their value exceeds $1 billion. It ranks 21st among the largest ETH addresses in the world.
Conclusion: Ethereum Hits New ATH and Makes Buterin a Billionaire
ETH hit a new all-time high on Tuesday reaching a price of over $3,400. Ether is currently using the momentum and is performing better than Bitcoin. In addition to ETH investors, Ethereum’s co-founder Vitalik Buterin is also pleased with the last price increases.
A look at Buterin’s public blockchain address shows that he owns more than 330,000 ETHs that are now worth more than $1 billion. The price development since the beginning of the year is impressive. The ETH rate was just over $700 early in the year. According to many experts, this could be the start of a significant price rally.