Ether nears all-time high amid growing corporate adoption.
Corporations and publicly traded firms are increasingly adopting Ether as a secondary treasury reserve asset, which saw the Ether price rise over 21% during the past week, to trade at $4,408 at the time of writing.
Ether is now trading 9% below its old all-time high of 4,890 recorded in November 2021, Cointelegraph data shows.
“Wall Street firms and the broader TradFi world are just warming up to the idea of Ethereum as a treasury reserve asset,” Gracy Chen, CEO of crypto exchange Bitget, told Cointelegraph.
Growing interest in real-world asset tokenization has reignited a renewed interest in Ether as a secondary reserve asset next to Bitcoin, added Chen.
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