Ethereum price moving upward again amidst growing NFT mania

Posted: 16 September 2021 4:55 pm
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Following the recent market turbulence, ETH seems to be moving up once again after recording 30-day gains of 16.5%.

  • NFT sales over the past couple of months have consistently hovered over the AUD$1.37 billion (approx.) mark.
  • Ex-White House Director of Communications Anthony Scarammuci recently announced the launch of his new NFT platform called Flatter.
  • Ethereum co-founder Vitalik Buterin was recently unveiled as a member of Time's 100 most influential people list 2021.

After trading around the AUD$4,350 - $4,650 range for a better part of the last week, Ethereum, the second-largest cryptocurrency by total market cap, seems to have garnered solid upward momentum, currently showcasing daily gains of nearly 8%. At press time, ETH is trading for AUD$4,975.

This latest surge is largely attributed to the ongoing non-fungible token (NFT) boom that has caught the crypto sector by storm this year. As highlighted by Finder previously, the last few months have seen record-breaking trading volumes, with NFT sales over the month of August alone exceeding the AUD$1 billion mark.

Furthermore, it is worth noting that innovation within this space has happened at a ridiculously fast pace. For example, just a few days ago, Anthony Scaramucci, founder of SkyBridge Capital and SALT, revealed that he was all set to launch a new NFT platform called Flatter, which combines the power of these unique digital tokens with exclusive experiences.

Simply put, Flatter seeks to help expose traditional collectors to a broader market where they can come together and share a wide range of collectibles and experiences as well as gain early and exclusive access to a number of specially curated events by SkyBridge and SALT.

How to buy Ethereum

Vitalik Buterin makes it to Time magazine's 100 most influential list

As part of its annual listicle of the most influential people in the world, Time magazine put Ethereum co-founder Vitalik Buterin alongside a number of prominent musicians, world leaders and activists – such as Prince Harry, Billie Eilish and Olympian Simone Biles – this year. Other prominent crypto innovators who made the cut include Nvidia CEO Jensen Huang and Mr. Doge himself, Elon Musk.

Time magazine was first published back in 1923 and over the years has become an institution of sorts within the Western world, especially the United States. In fact, it is estimated that the magazine currently has more than 20 million weekly subscribers.

Interested in cryptocurrency? Learn more about the basics with our beginner's guide to Bitcoin, dive deeper by learning about Ethereum and see what blockchain can do with our simple guide to DeFi.


Disclosure: The author owns a range of cryptocurrencies at the time of writing

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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