New for subscribers: An investor's guide to Cardano, which has mysteriously become the No. 3 crypto in the world. Check out CNBCPro today.
Ether, the digital token of the Ethereum blockchain, is the second-largest cryptocurrency in the world by market value., the third largest cryptocurrency by market capitalization, according to CoinGecko, hit an all-time high Thursday of $3.09, after breaking past $3 on Wednesday.
The surge in demand for the altcoin comes amid renewed interest in NFTs, or nonfungible tokens, and continued enthusiasm for DeFi, or decentralized finance. Both parts of the crypto world build most projects on the Ethereum blockchain, but alternatives including Cardano have become more attractive to developers.
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