In a May 22 report from Goldman Sachs (NYSE:GS), analysts said that Ether has a “high chance of overtaking Bitcoin as a dominant store of value.” Furthermore, the report noted the growth of the decentralized finance (DeFi) sector and the nonfungible token (NFT) ecosystems being built on Ethereum. Coincidentally, on the very next day, Ether’s price bottomed at $1,750.
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Source: Cryptocurrency - investing.com
