The Ethereum blockchain's native token, ether (ETH), a yield-bearing coin that has fallen out of investor favor, could surge Thursday if the Federal Reserve delivers an interest-rate reduction, as expected.
Ether, the second-largest cryptocurrency by market value, has risen 23% this year, a meager gain compared with the 77% surge in bitcoin (BTC), the largest.
At $2,800, the ether price is well below its 2021 peak of $4,868. Bitcoin, meantime, is trading around $74,000, close to the record high hit on Wednesday as Donald Trump neared U.S. election victory.