Ether prices have continued to rise to new all-time highs, today reaching $4,600 for the first time in history.
The second-largest programmed currency in terms of market value was $4,642.48 today, according to CoinDesk information.
After a rise to this level, it increased by more than 530% in the year to date, according to other CoinDesk statistics indicate.
Note The idea of investing in crypto coins and tokens can be highly speculation-based and is unregulated. Anyone who considers it should be aware of the possibility of losing the entire amount invested. It is a risk worth taking.
The digital asset reached its highest price ever the same day as CME announced that the CME Group announced plans to offer micro-futures, subject to the outcome of a regulatory review.
The launch of these agreements will offer those interested a new way to reduce their risk or invest in the hope of earning great returns.
Andrew Rossow, an internet & technology lawyer, spoke about how this new development.
“I think CME’s announcement yielded two major takeaways, beyond placing ‘upward pressure’ on ether prices,” said he said.
“First, it just toughen the utility Ether futures & Bitcoin futures bring to the digital money sphere, especially for newer market participants,” Rossow added. ributoRossow.
“Second, in inaugurate micro futures, of course, pending regulatory review, this shows CME positions itself to proceed to serve as a controller in the derivatives market by helping ease hesitancy by prospective business cont to dip their feet in the water.”
Joe DiPasquale, CEO of the cryptocurrency hedge fund administrator BitBull Capital, also weighed in.
“The CME information is very positive for Ethereum,” he said.
“New institutional-grade products like micro futures lead to additional upward pressure on Ethereum.”
Konstantin Boyko Romanovsky, co-founder and CEO of Allnodes Inc., a non-custodial service that offers a unique approach to hosting and staking.
“The CME is always an early adopter of our company, with Bitcoin futures and options on Bitcoin futures made available to stockholders for over four years now,” the CME’s CEO said.
“They come after with Ether futures earlier this year, and I am thrilled to see the additional financial opportunities the exchange is working on.”
However, the All nodes founder cited other issues that could be causing gains, saying that ” ether continues to appreciate for so many causes.”
“No doubt, the current milestones achievements in the traditional markets have added request for the asset,” said the expert. Said.
However, Boyko Romanovsky concentrated on the signs of increased espousal.
“Recent great blockchain upgrades that are bringing Ethereum closer to the energy-efficient, more safe, and great ambitious Proof of Stake consensus model, the newly obtain deflationary quality and the on-going mass espousal of the blockchain automation, in general, are also great contributors to its growth,” the analyst added.
“Ethereum is a real forte to watch, and there is no cause to assume the rise will stop at the recent ATH,” Boyko-Romanovsky stated.