Interest in Ethereum and Solana, NFT and DeFi Reached Record Levels

Ethereum set a new record last week, surpassing $4600 and accelerating with a 530% increase since the start of 2021. The growing popularity of Decentralized Finance (DeFi) and immutable token (NFT) projects stand out as factors pushing Ethereum to new heights. Bernhard Rzymelka, managing director of global markets at Goldman Sachs (NYSE:GS), sees Ethereum soaring as high as $8,000 in the next two months. At the same time, Solana's SOL token rose more than 15,000% in 2021, and WonderFi Technologies (NEO:WNDR) (OTC:WONDF), DeFi Technologies Inc., (NEO:DEFI) (OTC:DEFTF), Voyager Digital ( TSX:VYGR) (OTCQX:VYGVF), Coinbase Global (NASDAQ:NASDAQ:COIN), and HIVE Blockchain Technologies Ltd. It has created an exciting opportunity for crypto and DeFi companies such as (NASDAQ:NASDAQ:HIVE) (TSXV:HIVE). DeFi Technologies Inc., (NEO:DEFI) (OTC:DEFTF) has joined the Pyth network to deliver real-time crypto pricing data. By joining the Pyth network, DeFi will gain access to extensive high-quality financial services data to create smarter smart contracts. Users of the Pyth network will also have access to DeFi's market data. Meanwhile, DeFi's subsidiary Valor Inc. reported managing $300 million in assets as of November 1, marking an increase of over $50 million in two weeks. Coinbase Global (NASDAQ:COIN) has announced that it has increased its previously announced debt offering to $2 billion due to market interest. The company aims to use the proceeds for general corporate purposes such as investing in product development, investing in other companies and products, and exploring merger or acquisition opportunities in technologies. The company is also expected to publish its financial results for the third quarter of 2021 on November 9, 2021. Meanwhile, HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) (TSXV:HIVE) has agreed to invest C$450,000 in Network Entertainment Inc.'s NFT business. HIVE, a clean energy bitcoin mining company with facilities in Iceland, Sweden and Canada, plans to enter the NFT space starting with this investment in Network. The company sees potential in its Network plans with its rich IP portfolio. The rise in Ethereum creates a potential growth opportunity for companies like WonderFi, which buys and stakes different digital assets.       Interest in Ethereum and Solana, NFT and DeFi Reached Record Levels Source: Investing.com You may also be interested in: It’s Time to Move to Buy Dividend Stocks