Ethereum Rally Fueled by DeFi, NFTs & ERC-404

Ethereum's Price Rally: Riding the Wave of DeFi, NFTs, and ERC-404 Tokens

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been on an impressive rally, surpassing the $2,800 mark with a surge of over 6% in the past 24 hours. A cocktail of factors including robust DeFi activity, anticipation of the Ethereum 2.0 upgrade, rising institutional adoption, NFT/Metaverse hype, and a broader market recovery have been fueling this uptrend. However, a new player has entered the arena, potentially adding more fuel to Ethereum's bullish fire: the ERC-404 tokens.