Amid growing hype over the metaverse and non-fungible tokens (NFTs), the price of Ethereum (ETH) — the second-largest cryptocurrency by market cap — crossed the US$4,600 mark to hit a new all-time high of $4,634 this morning Asia time, according to CoinGecko data.
Other altcoins climbed to new peaks. The price of Solana (SOL), the native cryptocurrency of the high-performance proof-of-stake Solana blockchain, surged to new all-time highs of just under US$230, according to CoinGecko data.
DOT, the native cryptocurrency of the Polkadot blockchain network, crossed the US$50 mark for the first time on Nov. 1 and marked a new all-time high of US$53.04 on Nov. 2, according to CoinGecko data. DOT’s new ATH comes with Polkadot’s long-awaited parachain auctions expected to take place this month.