Bakkt, digital asset manager, also told Insider Saturday that they would allow its clients to buy, hold and sell ether via its app by the end of the year.
Over the last month, Ether – the second-largest crypto by market cap behind Bitcoin has surged 36%. The growing popularity of applications including non-fungible tokens and the development of the Metaverse has impacted the token’s price. Additionally, Bitcoin also benefited with a 24% increase over the month.
“We expect movements like we see now during a bull run; with global interest in crypto seeming to expand exponentially, prices have responded accordingly,” Evans said.
“Bitcoin feels like it’s gonna have a 7 in front of it soon,” Cameron Winklevoss said on Twitter early Monday.
“Bitcoin flirting with (an) all-time high. Time to go parabolic,” twin Tyler said on Twitter Monday morning.
Ether’s price increase might suggest that it could hover past Bitcoin in terms of total market size, some analysts suggest that this could happen in the coming months.
