“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market.
The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money.
Ether values have been supported partly by growing appetite for nonfungible tokens, or NFTs, and other corners of the nascent digital crypto market supported on the Ethereum blockchain.
Indeed, interest in NFTs, the popular authentication asset that has taken the world by storm, has helped to supercharge a rise in appetite for Ethereum, which most NFTs are linked to."