Ethereum has a new record and offers European bonds

Summary of the situation

  • The European Investment Bank plans to issue a virtual bond worth EUR 100 million.
  • With these European obligations, a reduction in the supply of Ether will be inevitable.

Ethereum has reached a new high in its sales and investment pipeline. Ethereum is the second most popular cryptocurrency and has recently gained even more notoriety due to its new growth. This upward trend is due to the news that Ether will offer European bonds. Reuters News reports that

Bloomberg reported Tuesday that the European Investment Bank plans to issue a two-year virtual bond worth 100 million euros, which will be owned by Goldman Sachs, Société Générale and Banco Santander, according to an analysis.

Delivery of European bonds

 

If the news of the bond issue is true, it could completely change the use of Ethereum and lead to massive growth that could be even bigger than Bitcoin. If we take Bitcoin as a benchmark, the value will show an upward trend as investments in Ether increase.

With these European bonds, a reduction in the supply of Ether will be inevitable, increasing demand. Many investors want an asset and dare to pay large sums of money to belong to the market.

Ryan Wick, a reporter for the block, said:

Forge CEO Jean-Marc Stenger hinted to The Block that the bank has preferred to work with Community Blockchain since last year. The goal of Forge is to support blockchain so that it can be integrated into banks.

Danny Kim, Chief Revenue Officer of SFOX, said: Ethereum’s exchange technology, even more than last year, and that’s saying something: If there are fewer offers on the exchange, mass sales may drop.

Ethereum hits a new ATH and the market rallies.

Ethereum’s recent moves have been good for crypto-currencies, taking them to new heights. The crypto-currency market is recovering from recent bearish forecasts, especially for Bitcoin, but that hasn’t stopped Ether. The value of the investment rose by 7%, reaching an all-time high for investors.

This is what CoinDesk points out: The price of Ether is impressive because it has exceeded all predictions of wealth for this year, it has tripled in value, all thanks to Dapp operators’ enthusiasm for blockchain.

This upward movement is not only due to bonds or new dapps, but also due to adjustments in transaction costs. The air is good for new investors to join the team.

The history of the discovery and use of the ether for a specific purpose would also be a major driver of these positive movements. Ether shares, CI Galaxy ETF and Ether ETF have boosted this asset.

On Tuesday night, Ether’s total value was set at $306 billion, surpassing Binance Coin. The digital currency is closing in on bitcoin, which is recovering from a loss.

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