Why You Must Buy ETH?

On 2nd May, ETH hit a new all-time high of $2,975 even as BTC struggled to reclaim $58,000. The rise was attributed to European Investment Bank (EIB) announcing a 'digital bond' sale on the Ethereum blockchain. 

It is a two-year, $121 million digital bond. The sale would be led by Goldman Sachs, Banco Santander, and Societe Generale.

A note published by JP Morgan to investors stated that ETH outperforming BTC is down to improvements in liquidity and a higher turnover on the public Ethereum blockchain. Furthermore, analysts say that institutional investors are looking to diversify their portfolios and Ether is the natural next pick, which could be the reason for its consistent rise.

Last week saw DeFi reawaken. Ethereum-based decentralized finance lending platform Compound's (COMP) token spiked 17% overnight to reach a new record high at $671. 

Injective Protocol (INJ) recently announced that it secured $10 million in funding from several investors for its DeFi protocol. INJ rallied from $15 and topped out at $25 last week.

AAVE launched a liquidity mining program on April 27 as DeFi protocols look to maintain a foothold in the market. Last week, the token rose by 54% to $486 in just four days.

Solana (SOL) price gained over 120% in the past two weeks and is trading at $43.43 at the time of writing. The Solana ecosystem continues to expand as new projects launch on the blockchain.

Smart contract platform Fantom introduced a network upgrade called 'Go-Opera' which makes the network faster, more efficient, and more reliable. Subsequently, the platform's token FTM rallied by 52%.

On 28th April, DOGE went up by 20% as Elon Musk tweeted that he would be hosting Saturday Night Live on 8th May. This was the latest in a series of Dogecoin PR stunts Elon Musk has perpetrated this year.